Applications
mFormation plans expansion in India
BANGALORE: mFormation Technologies Inc, the provider of mobile device management solutions, has announced the opening of its new facility in Bangalore which will also serve as the company‘s headquarters. |
The Bangalore office has also setup a global Interoperability test centre and enabled device vendors to test their devices against the mFormation product for OMA standards compliance. mFormation is on course to grow the India team to 200 people over the next few years. Moving into the new facility is part of mFormation‘s growth strategy to expand it‘s human capital to meet growing global customer demands, states an official release. |
mFormation Technologies Inc. CEO Mark Edwards says, “Mobile communication devices and networks are no longer exclusive for simple voice calls. They have grown from e-mailing & gaming to become a full fledged corporate computing device. It‘s imperative for mobile operators to adopt cutting edge technology to streamline their data services strategy and secure incremental revenues.” mFormation has drawn in a total investment of about $50 million, after closing a Series D round of $24.5 million in April 2006. In the initial series D funding, the company had raised $15.3 million from the same investors. Existing investors Alex Brown Venture Partners, Battery Ventures, Carmel Ventures, Intel Capital and North Bridge Venture Partners participated in this financing, adds the release. mFormation Technologies Inc. is a provider of mobile device management software, offering a solution that enables mobile operators to rapidly accelerate their data revenues and reduce support costs. mFormation‘s market-leading mFormation Sevice Manager Suite is a comprehensive over-the-air device management software solution in the industry.A modular solution, the suite enables mobile operators to remotely configure settings and new services, diagnose faults, update firmware and software, monitor customer experience and secure device content throughout the subscriber lifecycle. |
Applications
JioFinance rolls out multi-bank fixed deposit platform
Users can compare, invest and track fixed deposits across issuers in one place
MUMBAI: The JioFinance app has launched a unified platform allowing users to compare, invest in and track fixed deposits offered by multiple banks and non-banking financial companies, sharpening its push to become a one-stop destination for digital financial services.
The new feature aggregates fixed deposits from a range of issuers, including small finance banks and NBFCs, enabling customers to filter options by interest rate and tenure and complete the entire investment journey digitally.
Interest rates on the platform go up to 8.15 per cent per annum, with users able to view tenure, tax treatment, lock-in conditions and premature withdrawal terms before investing. Once booked, deposits can be monitored through a consolidated dashboard that tracks returns, maturity dates and renewal reminders.
Jio Finance Platform and Service Limited chief executive officer Surbhe S Sharma, said the offering addresses a long-standing pain point for savers, who often struggle to compare issuers and manage deposits spread across institutions.
Fixed deposits remain one of India’s most popular savings products, and the company is betting that transparency and ease of use will draw users seeking stable, low-risk returns.
The FD marketplace on the JioFinance app is powered by Blostem Fintech Private Limited, which operates as a business correspondent and technical service provider to partner banks and NBFCs.
