Comparative Qualitative Phytochemical Analysis of the Different Parts of Tinospora crispa: A Contribution to Sustainable Use of the Plant Species

The plant screening for phytochemical constituents seems to have the potential to act as a source of useful drugs and cures many infections as a result of the presence of various bioactive compounds that evident to have enormous activity against array human pathogens. The objective of the study was to undertake a comparative qualitative phytochemical analysis of the different parts of Tinospora crispa (T. crispa), a traditional herb used against several diseases. The different parts of T. crispa were extracted using maceration method. The results of phytochemical screening indicated that T. crispa contains alkaloids, flavonoids, tannins, saponins, steroids and terpenoids. The TLC profiles of samples, depicted through the Rf values of resolved compound bands and the solvent system selected for the best results of TLC was Toluene: Ethyl acetate: Formic acid (7:5:1) and (5:4:1) for gallic acid and quercetin respectively. The study will provide referential information for the correct identification of the bioactive compounds and a suitable solvent system for separation of those compounds from the T. crispa. These findings suggested that T. crispa leaves and flower extract could be a potential source of drugs which in future may serve for the production of synthetically improved therapeutic agents. Keywords: Tinospora crispa, Phytochemical screening, TLC profiles, Gallic acid, Querceti

Regulatory challenges and mitigation for account services offered by FinTech

With an innovation to offer in product & services in the Banking and Financial Services Industry, FinTech have received both attention from investors and regulatory bodies across globe. With a primary objective to improve financial inclusion for unbanked population in emerging economies through mobile devices, Fintech have become new commercial entities that promises to deliver millennium goals of World Bank and G20 nations. The availability of huge user data due to use of mobile devices and its use to generate sales of financial products, FinTech companies and solutions are constantly changing and are unique to each Fintech company. Fintech have devised a business model to provide financial services in the form of payment services, wealth management, crowd funding, lending services, forex services for remittance, digital wallets and digital currencies. The data driven business model, connected customers over mobile phones and several financial services demand new regulatory framework that also protects consumers and prevents systemic risk in economy. In this papers, we have identified the regulatory guidelines issued for various financial product for customers and challenges Fintech will need to solve to provide innovative services. The paper aims to cover the life cycle of products, scope of innovation for Fintech and methods to meet requirements by regulatory bodies. This paper covers the requirements by products in “Account Services” offered by Banking and Financial Services Industry

IT investment governance and corporate governance: perspective and approach

The change in economic scenario and emergence of new technologies, it has become important to put new perspective on IT investment beyond Net Present Value and productivity paradox. With changing regulation and new interconnected world over internet, corporate Governance, Business Plan & Strategy and it’s alignment with IT investments has been a growing subject of discussion across globe. Cloud computing infrastructure with ITIL processes provides systematic guidelines to manage business, however, to make business and its processes deliver value, IT investment demands investment in more than technology and its components. IT investment available to build organization capability are directly linked with corporate strategy, business risk management, information economics, new business enabler, productivity tool and control systems. With need of new products and service development, innovation forms the center stage of IT investment planning, giving way to new IT investment assessment areas. With constant need to develop competitive advantage, adjust with competition in business environment and integrate with global economy, at the same time adhere to regulatory guidelines, the complexities involved in corporate governance and IT investments are increasing. Considering this situation, this paper provides the new perspective to assess IT investments and make IT investment decision. This paper also provides new perspectives and approaches for IT investment portfolio management

Insider threat and mitigation for cloud architecture infrastructure in banking and financial services industry

Cloud architecture infrastructure for Banking and Financial Services Corporations operates on access control mechanism and trust over various cloud user. Having established the on demand service delivery model to operate, maintain, control and govern the cloud architecture, Banking and Financial Services Corporations deliver round the clock services to customers. Despite stringent security controls and minimum access level, the cloud users identify and exploit the cloud vulnerabilities. This leads to data leakages and loss of critical information. Depending upon the area of business and sophistication with which vulnerabilities have been exploited, frauds are committed and system are damaged by employees and third party contractors. The reason for such exploitation ranges from disgruntlement to personal issues of employees and third party contractors. In this paper, we have identified the various types of insiders, their motives, risk associated with information systems and methods of mitigation in Banking and Financial Services Corporation

Challenges and mitigation for application deployment over SaaS platform in banking and financial services industry

Banking and Financial Services Corporations operating on cloud infrastructure is constantly upgrading the application and cloud technologies based on business requirements and new features available. With IaaS and PaaS platforms being managed and upgraded by cloud services providers, the SaaS platform is operated, monitored and governed by bank’s technology department. SaaS continues to be the platform under constant upgrade and development considering the need and change in business scenarios. SaaS platform in cloud infrastructure also acts as a channel to enable banking business with new tools and techniques, keeping existing infrastructure capability & scalability within compliance framework. SaaS platform hosts critical applications required for every operations of Bank which includes core banking application, internet banking platform, Card processing applications, ATM & EFTPOS networks and security monitoring tools. Considering the business criticality and application value, SaaS platform is configured to avoid business disruptions. In this paper we have discussed the challenges in deploying the changes required in applications over SaaS platform and methods to mitigate those challenges with minimum or no disruption to cloud architecture infrastructure

Protecting privacy in digital era on cloud architecture for banking and financial services industry

With an intention to provide easy to use and convenience to customers, Banking and Financial Services Corporations have enabled key services over handheld and wearable digital devices. With use of these devices on everyday basis for several other purpose along with financial transaction, customers are leaving digital foot prints. This digital data can be collected, stored, analysed and used to learn consumer behaviour, location, taste & preferences and monetary spending habits. Based on historical information collected from several areas (social media, transaction analytics, cloud services utilized) and developing suggestions for customer for better choices available in everyday life is where Banking and Financial Services Corporations are competing and willing to provide personalized experience. The use of data to make prediction is through consent from customer, however, not all customer would like their data being collected or used or both. The user or customer consent form over digital application comes with a “take it or leave it” approach. This is where the customer needs and their privacy related aspects are concerned and compromised. In this paper, we have identified the way digitization is breaching customer privacy, changes required over digital platform and data collection frequency to preserve customer’s (an individual’s) right of being let alone. This paper covers the methods to collect private data, methods to use private data for marketing of goods & services, harm to an individual due these unauthorized promotional activities and solution to protect an individual’s privacy

Ethics of IT security team for cloud architecture infrastructure in banking and financial services industry

Information systems over cloud architecture infrastructure for Banking and Financial Services Corporations are under constant monitoring by IT security team. This monitoring is to keep check for vulnerabilities, security breach incidents and intrusion in cloud environments and network. IT security team are equipped with sophisticated monitoring tools and empowered to take action in the event of security breach or cyber-attack. This gives IT security team privilege access rights to block and investigate attachments, data packets and logs of various users of cloud infrastructure. The investigation may involve or provide access to the private information of the users. This information can be in emails, files & folders, personal documents and messenger history. In such events, IT security teams are supposed to follow ethical standards established by organization and show high integrity to keep privacy of the cloud users and confidentiality of the investigation. In this paper, we have identified the roles & responsibilities and ethical behaviour expected from IT security teams. This paper also enlists various events that demand ethical behaviour from IT security teams in Banking and Financial Services Corporations

ITIL processes to control operational risk in cloud architecture infrastructure for banking and financial services industry

Banking and Financial Services Corporations need to update information systems with logic and data of various application on everyday basis. This helps to work with latest information available in current economic and business scenario. With several employees in banking and financial services using cloud infrastructure and reporting incidents arising in accessing cloud infrastructure, it is of prime importance to fix incidents reported within specific timelines. IT change management process is followed in order to adhere to COBIT framework and reduce risk of failure while performing changes in cloud infrastructure. With incident ITIL processes aligned to keep cloud infrastructure available and secure, they become integral part of IT operations everyday activity. In this paper, we have identified the risk arising due to incident management and change management processes that lead to emergency changes being implemented on cloud infrastructure architecture and discussed the steps to mitigate risks to bring greater responsibility and accountability for cloud services providers