NUCFDC–CSC Alliance to Launch Phased Digital Infrastructure for Urban Cooperative Banks

The National Urban Cooperative Finance and Development Corporation Ltd (NUCFDC), the Umbrella Organisation for India’s Urban Cooperative Banks (UCBs), has signed a Memorandum of Understanding with CSC e-Governance Services India Ltd. (CSC SPV) to fast-track the sector’s digital transformation.

The partnership aims to equip UCBs with secure and compliant digital infrastructure. The rollout will be undertaken in phases, beginning with Aadhaar-based eKYC, eSign, digital signature certificates, DigiLocker integration, e-stamp services, cloud hosting, data centre management, and cybersecurity solutions. Subsequent phases will introduce internet and mobile banking, kiosk-based services, and digital communication platforms.

NUCFDC will facilitate adoption across its member UCBs, while CSC SPV will provide platforms, APIs, and operational support. A joint governance team will oversee implementation and capacity building. The agreement also covers training, compliance support, grievance redressal, and data protection measures, with an emphasis on aligning with applicable regulatory norms to strengthen institutional processes within the UCBs.

The MoU was formally signed in Mumbai in the presence of Shri Prabhat Chaturvedi, CEO, NUCFDC, and Shri Bhagwan Patil, Group President, CSC SPV.

Commenting on the partnership, Shri Prabhat Chaturvedi, CEO, NUCFDC, said, “The Urban Cooperative Banking sector needs to leapfrog into the digital era along with its legacy grassroots character. This partnership equips UCBs with future-ready digital infrastructure, enabling them to serve millions with greater efficiency, transparency, and compliance. At a time when financial inclusion and trust are central to sectoral growth, this collaboration places UCBs firmly on the path of modernisation and resilience.”

Shri Bhagwan Patil, Group President, CSC SPV, said, “CSC SPV’s digital backbone, coupled with NUCFDC’s institutional mandate, creates a powerful Technology platform for transformation of Urban Cooperative Banks (UCBs). Together, we will deliver scalable solutions that strengthen the Cooperative Bank sector and also ensure last-mile citizens experience banking services with the same convenience. This is about reimagining urban cooperative banking for a digital India.”

About The National Urban Cooperative Finance and Development Corporation (NUCFDC)

The National Urban Cooperative Finance and Development Corporation Ltd. (NUCFDC) serves as the umbrella organization for India’s Urban Cooperative Banking (UCB) sector. Constituted with the support of the Ministry of Cooperation and in consultation with the Reserve Bank of India, NUCFDC has been mandated to explore avenues for capital mobilisation and enhance the professionalisation of the sector. It also aims to strengthen public confidence in UCBs by fostering a unified, resilient, and transparent banking framework.

About The CSC e-Governance Services India Ltd. (CSC SPV)

CSC SPV is a Special Purpose Vehicle incorporated as a Company under Companies Act to implement CSC Scheme and monitor Common Service Centers (CSC) incorporated under CSC Scheme and enables a range of services to be delivered through CSCs like Government to Citizen (G2C), Business to Customers (B2C), Business to Business (B2B). Education, Skills and other services to rural citizens. Also, it provides services for e-sign, e-KYC, Digilocker, Data Centre and other services.

KTR Inaugurated ‘Telangana Police CoE for Cyber Safety’, a 1st-of-its-Kind Initiative in India to Secure the Cyber Ecosystem for the State

Newly inaugurated Centre of Excellence for Cyber Safety, a first of its kind in India to secure Cyber Ecosystem for the State

Institutions outlast individuals says, KT Rama Rao

Awareness about Cyber Security needs to be promoted: KTR

A custom built Investigation tool ‘Crime OS’, another first, built by the city’s Start-up CyberEye launched, www.tspcc.org website unveiled, SoPs book authored by ground police launched

Mr K. T. Rama Rao, Minister of IT E&C, MA & UD, Govt of Telangana inaugurates TS Police Centre of Excellence for Cyber Safety in the city at Cyberabad Police Commissionerate at Gachibowli on Saturday

TS Police ‘Centre of Excellence for Cyber Safety’ is an initiative of Telangana Police and the Society For Cyberabad Security Council (SCSC) curated by Cyberabad Police Commissionerate. It was inaugurated by KTR in the presence of Shri Mohd Mahboob Ali, Minister of Home, Govt of Telangana; Mr M. Mahender Reddy, Director General of Police, Telangana.

It is the first of its kind initiat​ive​​ by any state in India. It is a proactive initiative. It is a process-driven initiative rather than a people-oriented unique initiative in which Telangana Police take pride. It is a productised approach.

The vision of this ambitious initiative is to secure the cyber ecosystem for the state of Telangana.

A book of SOPs authored by ground level police unveiled

CP Stephen Ravindra seen interacing with KT Rama Rao at newly inaugurated TSPCC

KTR, Mahmood Ali, DGP Mahender Reddy seen inspecting Telangana State Police Centre of Excellence for Cyber Safety

It is an industry-led initiative taken up in partnership with the Police (PPP), as a trusted partner to citizens, industry and academia, for mitigating cyber security incidents and frauds, by leveraging technology, setting up processes, building capacity, spreading awareness, to strengthen the legal framework by complementing cyber security initiatives of Government and to serve as a collaborative and continuous innovation platform for—Field Practitioners, Industry Experts, Thought Leaders, Researchers etc.

The who-is-who industry partners of the initiative include Microsoft, CyberEye, Google, EY, ISB, NALSAR, IIT-Hyderabad; RBI, NPCI (National Payments Corporation of India), IDRBT, Dept of Telecommunication, Govt of India; TAFCOP(Telecom Analytics for Fraud Management and Consumer Protection; HDFC Bank, ICICI Bank, RBL Bank, PayTM, TrueCaller, Intl Centre for Missing & Exploited Children.

Speaking on the occasion Mr KT Rama Rao said new-age crimes need new-age solutions. During Munugodu by-elections we realised that voters were lured with money transferred through digital payments. The Election Commission also needs to be sensitised on this matter. We live in a world where technology is everywhere. The devices outnumber the population. We are living in a connected world where devices talk between themselves. Under these circumstances, Cyber Security becomes a huge challenge he observed.

Speaking further he added that the sense of cyber crimes are not just confined to big cities but they are there and even spread to small and remote places. So we need to promote awareness. We need to promote 1930, an all-India toll-free number against cyber crimes. We need to build institutions like this Centre of Excellence rather than individuals. Processes are more important than people, he said.

He urged the industry to be part of this initiative. He appealed everyone to come forward. More than a million people work in the IT sector in the city. All must become cyber warriors. We are working on the first draft piece of legislation on Cyber Crimes. The work is under process. When it was ready and announced Telangana will be the first state to do so, he claimed with pride.

Newly inaugurated Centre of Excellence for Cyber Safety, a first of its kind in India to secure Cyber Ecosystem for the State

KTR urged the home minister and the top police leadership to work on the Registry of Sexual offenders. Sunitha Krishnan, a prominent social activist suggested it some time ago. Once those listed in the registry, will be prohibited from jobs and prohibited from using any facilities from the government.

Also, a participant in a Hackathon in the past suggested implementing a First Respondent Drone which can swiftly move to a crime scene much before the police arrive. He urged the home minister to start the work on these initiatives at the earliest possible time.

KTR launched ‘Crime OS’ a custom built Operating System on Microsoft Cloud, another first, built by city’s Start-up CyberEye

A customised Crime Operating System(Crime OS)  developed exclusively for this initiative by Hyderabad based Startup ‘CyberEye’ founded by a former DRDO expert, Ram Ganesh, who is also Director, Technical for the newly inaugurated Centre of Excellence(CoE) is launched by KTR. It is built on Microsoft Cloud.

www.tspcc.org, the website was launched. An SoP Book (Standard Operating Protocols) authored by ground police personnel was also unveiled

Mohd Mahmood Ali, Home Minister said the state has 64% of total CCTVs in India. Though there are not many crimes happening in this part,, most of our citizens are becoming victims of the cyber crimes done elsewhere, he said.

DGP Mr M. Mahender Reddy said today there are no crimes without digital components. And there are no individuals who are not impacted. So Police need to be relevant, and effective and must serve.

So we need to evolve from a physical force to a tech-savvy force. We must be the tech-based force which works with ease, he said.

Telangana Police is the best in the country. We have ten lakh CCTVs. Every citizen must be reassured that they are safe and that the police ensure their safety. Safety and Security are pre-requisite for the development of Telangana. Our goal is to keep Telangana safe in terms of the cyber ecosystem. The command control which was inaugurated some time ago will have dozens of Centres of Excellence, said Mr Mahender Reddy.

The Principal Secretary Jayesh Ranjan said the TS Police Centre of Excellence for Cyber Safety is yet another feather in the cap of Telangana Police, who already have stellar respect and are known for their pioneering efforts in utilising technology. He urged Mr Stephen Ravindra, Commissioner of Cyberabad to collaborate with other government CoEs. And he assured his help in facilitating the same.

Rajiv Kumar, MD of Microsoft India said post covid the nature of crimes used to be 80% conventional and 20% digital. Now it is reversed. And even that 20% has a digital component to it. TS Police Centre of Excellence for Cyber Safety is probably unique in the world.

Mr BVR Mohan Reddy, Founder Chairman Cyient said 5G which is around the corner is going to revolutionise the way we engage in future. It makes remote telesurgery possible. It is one of the many wonders we can expect in the future. At the same time, cyber crimes are galloping. There is a 150% increase in Cyber Crimes in the recent past. Hyderabad is the Happening City in the country. 50% of Tech Companies have their development centres in Hyderabad. He gave three suggestions for better policing. One is to develop a level of awareness so that reporting of crimes will go up. Two, the police must do capacity building in terms of expertise in Cyber Security. The third is to provide subject matter expertise to the police. He assured that his company will come forward to extend that help for the next two years.

Mr Stephen Ravindra, Commissioner of Police, Cyberabad said it is a dream come true to the Cyberabad Police in particular and Telangana Police in general. We need new-age policing which is in tune with the aspiration of the citizen and adoption of technology, work process. Policing has to be predictive, preventive and proactive.

Police must use technology as a force multiplier. Two lakh crore rupees worth of IT products and services are being exported from this state.

The Centre of Excellence is the new way of tackling the security challenges of the 21st century.

There is a compelling need to secure our digital ecosystem. It is the most sought-after initiative, an initiative of exceptional nature, said Mr Krishna Yedula, Secretary, SCSC in his welcome address.

Several top Police Officers, Government Officials, and Industry Captains, MP Ranjith Reddy, MLA A. Gandhi, MLC Naveen graced the launch.

CSC Global Financial Markets Acquires FIRSTCORP PTE. LTD in Singapore

CSC, a world leader in global business, legal, tax, and digital brand services, is pleased to announce that it has acquired FIRSTCORP PTE. LTD (FIRSTCORP) and its affiliates, a Singapore-based service provider of company secretary and administration services to corporations and alternative asset managers.

FIRSTCORP offers company formation, corporate secretarial, and domiciliation services. It specializes in the establishment and ongoing administration of Singapore companies as well as business entities in other key financial centers including Hong Kong, and other jurisdictions such as the British Virgin Islands, Cayman Islands, and Labuan. By managing the administrative and corporate secretarial compliance responsibilities of businesses operating in those jurisdictions—together with its strong network of partners—FIRSTCORP’s services enable its clients to navigate the increasingly complex international regulatory environment.

“We’re delighted to welcome FIRSTCORP to CSC, as the move strengthens our service offering in the Asia-Pacific market,” says CSC Executive Vice President John Hebert. “FIRSTCORP has an impressive track record and strong service-oriented culture similar to our own. Its jurisdictional expertise, bespoke solutions, and long-term approach to managing client relationships make it an excellent addition to our overall global offering.”

The acquisition of this Singapore-based business extends CSC’s capabilities for its Global Financial Markets (GFM) clients and boosts its physical presence in a leading Asia-Pacific (APAC) financial center. CSC already has an established team in Singapore, as well as additional APAC locations in Hong Kong, Shanghai, and Shenzhen. The acquisition follows several strategic hires and investments CSC has made in APAC in the last year, including scaling its fund administration offering and bolstering its international expansion businesses in the region. This has enabled CSC to provide administration services for corporations, family offices, and fund structures, such as Singapore variable capital companies (VCC), in addition to multiple structures related to venture capital, private equity, real estate, and trade finance and loan administration funds.

“Beyond extending our capabilities in APAC, this acquisition complements the market, regulatory, and jurisdictional expertise we provide to clients to help them achieve their business objectives,” says Agnes Chen, managing director of CSC’s APAC region. “Our ability to provide a wide range of support, from initial fund setup and onboarding to day-to-day administration of funds and investment structures and corporate services, is highly valued by clients and makes for a strong cultural fit between our respective organizations.”

FIRSTCORP was founded in 2003 and is centrally located in the heart of the Singapore business and financial district. All FIRSTCORP employees will join CSC as part of the acquisition.

“By joining forces with CSC, we’re reinforcing our local expertise with CSC’s global capabilities,” says FIRSTCORP Director Jenny Oh. “We share CSC’s vision of becoming the leading corporate service provider in our industry. And by joining together, we will be able to offer more services to our local clients, as well as expand our offerings to clients in North America, Europe, and the Asia Pacific Region.”

About CSC

CSC is a leading provider of specialized administration services to alternative asset managers across a range of fund strategies, capital markets participants in both public and private markets, and corporations requiring fiduciary and governance support. We are the unwavering partner for 90% of the Fortune 500^®, nearly 10,000 law firms, and more than 3,000 financial institutions. CSC’s Global Financial Markets professionals are located in key financial centers across the U.S., Europe, and Asia-Pacific. We are a global company capable of conducting transactions wherever our clients are―and we accomplish that by deploying experts in every business we serve. For more information about CSC's services, visit cscgfm.com. 

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