iconiifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Persistent Systems partners with UK's Monument Bank to create New Digital Banking Infra; stock zooms ~3%

3 Aug 2022 , 01:47 PM

Persistent Systems Limited partners with Monument Bank, UK to support the bank’s ongoing operations.

Monument's target clients are typically time-constrained and frequently find themselves underserved and undervalued by other banking providers. Monument's mission is to assist its clients in prospering and optimizing their time by providing smart, efficient, and adaptable solutions.

Persistent was involved in the design and planning of Monument's technology systems and later assisted in the construction of the Bank's tailor-made systems architecture through the use of a flexible building block approach.

This approach allows for the addition and swapping of new components over time to take benefit from the most recent advancements, allowing Monument to select and integrate multiple SaaS-based core component technologies.

Persistent has contributed to the Bank's strategic goals by assisting in the development of its architecture, which combines services with an adaptable, cloud-based platform, including components for core banking, CRM, payment services, AML/KYC, general ledger, and regulatory reporting.

Monument caters to the 'mass affluent' clientele, which includes business professionals, entrepreneurs, and real estate investors.

At around 1.46 PM, Persistent Systems was trading at Rs3,718.70 up by Rs95.15 or 2.63% from its previous closing of Rs3,623.55 on the BSE. The scrip touched intraday high and low of Rs3,733 and Rs3,585.75 respectively.

Related Tags

  • InterimDividend
  • Persistent systems News
  • Persistent Systems Partnership
  • Persistent Systems Share
  • Persistent systems Updates
  • PersistentSystems
  • PersistentSystemsInterimDividend
sidebar mobile

BLOGS AND PERSONAL FINANCE

Images
28 Mar 2024   |   03:36 PM
Images
28 Mar 2024   |   03:01 PM
Images
28 Mar 2024   |   01:21 PM
Images
28 Mar 2024   |   01:02 PM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.