HGS Americas sales head Eric Purdum details productivity gains, explainable AI use, and reduced alert fatigue
Category: News Desk
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AML investigations see sharp efficiency gains with the introduction of AMLens by HGS
HGS has introduced AMLens, a new AI powered solution aimed at improving the speed and accuracy of Anti Money Laundering investigations for financial institutions. The solution is designed to address long standing challenges such as manual case handling, alert fatigue, and fragmented data environments within AML operations.
AMLens integrates machine learning and natural language processing to support AML teams across detection, triage, contextualisation, and case summarisation. The platform consolidates data from structured transaction records and unstructured sources such as internal notes and external public records into a single interface, allowing analysts to review cases with greater clarity and context.
Speaking about the launch, Eric Purdum, Head of Sales Americas at HGS, said that financial crime teams are under increasing pressure to act quickly within complex regulatory environments. He said, “Legacy systems overwhelm analysts with false positives and fragmented information, slowing response times. AMLens applies explainable AI with human validation to automate routine monitoring tasks while maintaining transparency. This helps investigators focus on cases that require deeper judgment.”
The platform also supports AI assisted narrative generation alongside human oversight. In flagged scenarios such as rapid international wire transfers, AMLens enables analysts to categorise risk, request additional information within the workflow, and generate structured suspicious activity reports supported by AI while retaining final decision control.
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Global professional validation continues for the MBA–Marketing programme at T A Pai Management Institute
Prof. Durga Prasad explains how renewed recognition from the Chartered Institute of Marketing strengthens international outcomes for TAPMI students
The MBA–Marketing programme at T A Pai Management Institute has received continued professional recognition following renewed validation from the Chartered Institute of Marketing. The development maintains the programme’s alignment with internationally benchmarked standards in marketing education and professional practice.
CIM is regarded globally as a leading professional body for marketing practitioners, with a focus on setting competency frameworks, professional qualifications, and ethical standards for the discipline. Its ongoing association with TAPMI places the institute’s MBA–Marketing curriculum within a recognised international framework that connects academic learning with professional expectations.The renewed recognition enables students enrolled in the MBA–Marketing programme to access exemptions within CIM’s professional qualification pathway. This allows eligible students to work toward globally recognised marketing credentials alongside their management degree, reducing the time required to achieve professional certification and strengthening career mobility across international markets.
According to Durga Prasad, the continued recognition reflects the programme’s focus on maintaining academic depth while ensuring practical relevance. He noted that the curriculum is structured to integrate conceptual foundations with applied learning, preparing students to navigate contemporary business and marketing environments.The MBA–Marketing programme at TAPMI emphasises learning outcomes that link theory with real-world application. Coursework, assessments, and experiential components are designed to expose students to current market practices, evolving consumer behaviour, and data-led decision-making, while retaining a strong grounding in core marketing principles.
The institute’s broader accreditation landscape, including international recognitions, positions the programme within a globally comparable management education ecosystem. TAPMI’s association with CIM complements this by offering students a pathway to professional credentials that are recognised by employers across regions and industries.With marketing roles continuing to evolve alongside digital transformation, sustainability priorities, and customer-centric business models, the continuation of CIM recognition signals consistency in how the programme adapts its academic structure to changing professional requirements. For students, the development reinforces the programme’s international orientation and its relevance within a competitive global job market.
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White Whale Venture Fund joins Enrission India Capital in backing supply chain software firm Stackbox
Shapath Parikh and Nitin Mamodia discuss how the $4 million Series A round supports Stackbox’s expansion across enterprise logistics and warehouse operations
White Whale Venture Fund has joined Enrission India Capital in a $4 million Series A investment in Stackbox, a company building software for increasingly complex logistics and warehouse operations. The round brings together investors with a focus on enterprise technology and operational infrastructure, as Stackbox looks to scale its presence across large, distribution-heavy businesses.
Stackbox develops a software platform that combines warehouse management and transportation planning to support highly automated logistics environments. Its systems are designed for enterprises managing large volumes, multiple facilities, and time-sensitive distribution requirements. The company currently works with FMCG players and is expanding into food and beverage, manufacturing, and industrial supply chains, while also building a footprint across Southeast Asia.According to Shapath Parikh, supply chains are under growing pressure from omnichannel demand and digitised distribution models, making software-led coordination central to day-to-day operations. He noted that platforms which can bring planning, execution, and visibility together are becoming integral to how enterprises manage scale and complexity.
From the company’s side, Nitin Mamodia said the investment comes at a stage where customers are looking to modernise logistics systems rather than add incremental tools. The capital will be used to strengthen product development, deepen engagement with existing enterprise clients, and support expansion across new geographies.The funding will also be directed towards broadening Stackbox’s go-to-market efforts in India and select international markets, as supply chain technology adoption accelerates among companies operating regional and cross-border networks. With logistics becoming a critical determinant of cost control and service reliability, software platforms that sit at the centre of warehouse and transport operations are drawing closer attention from both enterprises and investors.
The participation of White Whale Venture Fund alongside Enrission India Capital reflects continued investor interest in operational technology companies addressing real-world execution challenges, rather than purely consumer-facing digital products. For Stackbox, the round marks a step toward positioning its platform as a core system for large-scale logistics and distribution environments.
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Derivative activity gets a dedicated market lens through a new BSE framework
Ashutosh Singh outlines how the new index is structured to track derivative-linked stocks and reflect shifts in liquidity and market participation
BSE Index Services has introduced a new market framework aimed at offering a consolidated view of stocks actively linked to derivatives trading. The BSE All Derivative Stocks Index, developed by BSE Index Services Pvt. Ltd., is designed to track the performance of companies within the BSE 500 Index that are eligible for derivatives trading.
The index seeks to represent a segment of the equity market that has gained increasing relevance as derivatives activity has expanded in scale and participation. By focusing specifically on derivative-linked stocks, the framework attempts to provide market participants with a clearer reference point for analysing liquidity, momentum, and trading depth within this universe.The constituents of the index are weighted using a combination of float-adjusted market capitalisation and a momentum score, with individual stock weights capped at 10 percent. The base value of the index is set at 1,000, with 23 June 2014 as the first value date. The index will be reviewed and reconstituted on a semi-annual basis in June and December.
According to Ashutosh Singh, Managing Director and Chief Executive Officer of BSE Index Services, the index has been structured to evolve alongside the derivatives market. He noted that by automatically expanding and contracting with the eligible universe, the index reflects changes in market depth and participation rather than remaining static.The index is expected to serve multiple use cases across the investment ecosystem. It can be used as a benchmark for passive investment strategies such as exchange-traded funds and index funds, as well as for portfolio benchmarking by portfolio management services and mutual fund schemes. By grouping derivative-active stocks within a single framework, the index provides a rules-based reference for investors seeking exposure aligned with derivatives-linked market activity.
BSE Index Services operates as a wholly owned subsidiary of BSE Ltd. and is responsible for the calculation and maintenance of a broad range of indices used by domestic and global investors. The introduction of the BSE All Derivative Stocks Index adds to this suite, reflecting the growing role of derivatives in shaping equity market behaviour.The development of the index comes at a time when derivatives trading has become a central feature of Indian capital markets. By offering a structured lens on this segment, the new framework aims to support analysis, benchmarking, and product development linked to the evolving derivatives ecosystem.
At Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube.
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Technip Energies secures key engineering mandates in BPCL’s refinery upgrade plans
Davendra Kumar outlines the scope and significance of new contracts at the Bina and Mumbai refineries in India
India’s downstream energy infrastructure is entering a phase of higher complexity and scale, and Technip Energies has strengthened its role in this transition through two major contracts awarded by Bharat Petroleum Corporation Limited. The mandates cover key expansion and upgrade projects at BPCL’s Bina refinery in Madhya Pradesh and Mumbai refinery in Maharashtra.
At the Bina refinery, Technip Energies has been entrusted with Engineering, Procurement, Construction and Commissioning services for new polypropylene and Butene-1 units. These units will add production capacity of 550 kilotons per annum of polypropylene and 50 kilotons per annum of Butene-1, both critical inputs for downstream industries such as packaging, piping, and automotive manufacturing. The project forms part of BPCL’s larger Bina Petrochemical and Refinery Expansion initiative, which includes increasing refining capacity alongside the development of new petrochemical infrastructure.The second contract relates to BPCL’s Mumbai refinery, where Technip Energies will provide Engineering, Procurement and Construction management services for a 3 million metric tons per annum Petro Resid Fluidized Catalytic Cracker unit. This facility will be India’s first PRFCC unit, designed to convert heavy refinery residues into lighter, higher-value products. The scope also includes associated auxiliary units, offsites, and utilities, reflecting the technical depth and integration required for residue upgradation projects.
Together, the two contracts represent a large award for Technip Energies, with combined revenue estimated between €250 million and €500 million. The projects were recorded in the company’s Project Delivery and Technology, Products and Services segments during the fourth quarter of 2025.Commenting on the awards, Davendra Kumar, Managing Director of Technip Energies India, said the projects reflect BPCL’s confidence in the company’s engineering capabilities and execution strength. He noted that supporting development plans at both the Bina and Mumbai sites aligns with Technip Energies’ long-standing commitment to India’s energy infrastructure and industrial growth.
The contracts also reinforce a collaboration that spans more than two decades between Technip Energies and BPCL. With over 50 years of operational experience in India and a strong local presence across Delhi, Mumbai, Chennai, Ahmedabad, and Dahej, Technip Energies continues to position itself as a partner of choice for large-scale and technically complex energy projects.As India seeks to enhance refining efficiency, increase petrochemical output, and maximise value from heavier feedstocks, projects such as these highlight the growing importance of advanced engineering, integration capability, and long-term execution expertise in shaping the country’s downstream energy landscape.
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Capgemini Research Institute maps a shift where emotional comfort matters as much as affordability
Dreen Yang explains why fairness, small indulgences, and cautious trust in AI are shaping consumer behaviour in 2026, based on findings from the latest Capgemini research
As financial pressure continues to shape household decisions, consumer behaviour in 2026 is being defined by a careful balance between restraint and emotional relief. According to the latest findings from Capgemini Research Institute, shoppers are becoming more deliberate about everyday spending while still allowing room for small indulgences that provide comfort and a sense of control.
The research highlights fairness as the new foundation of consumer value. Price transparency and honest communication have become critical to brand credibility, with a large majority of consumers indicating they would switch brands if they encounter price irregularities, unannounced reductions in pack size, or perceived shrinkflation. For many, a clear and modest price increase is viewed as more acceptable than subtle downsizing or quality changes without explanation.At the same time, the study shows that emotional considerations now sit alongside practicality in purchase decisions. Around seven in ten consumers report treating themselves to small indulgences as a way to cope with financial uncertainty. While spending on essentials is closely monitored, these limited discretionary purchases are seen as important for emotional wellbeing, reinforcing the idea that value is no longer measured by cost alone.
The findings also point to a nuanced relationship with brands. While consumers are increasingly opting for smaller quantities or cheaper alternatives to manage budgets, trust remains strong in categories where quality and performance are critical. Products such as electronics and baby care continue to command loyalty, even as private labels gain traction in other areas.Speaking on the shift, Dreen Yang, Global Consumer Products and Retail Leader at Capgemini, said value today extends beyond price and quality to include fairness, transparency, and emotional connection. She noted that consumers expect brands to be clear, consistent, and responsible, particularly as technology plays a larger role in shaping shopping experiences.
Artificial intelligence is emerging as a trusted guide for many consumers, moving beyond its earlier role as a convenience tool. From personalised recommendations to conversational support through chatbots and virtual assistants, AI is increasingly embedded in the buying journey. However, the research reveals clear limits to this trust. Most consumers want greater transparency around how AI systems operate, how recommendations are generated, and how personal data is used.Concerns around data privacy and disclosure remain high, with a strong preference for brands that explain AI driven decisions and clearly label AI generated content. Consumers also continue to value human assistance, especially during complex or high involvement purchases, indicating that technology alone is not enough to build lasting loyalty.
Overall, the report paints a picture of a more cautious yet emotionally aware consumer. As affordability concerns persist, brands are being judged not just on price, but on fairness, clarity, and the ability to combine digital efficiency with genuine human connection. In this evolving landscape, trust has become as important as value, and emotional comfort now plays a central role in how consumers choose where and how to spend.At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.