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.

Vertiv Taps Generative AI Expertise with Waylay Acquisition Amid Rising Data Center Demands

• Acquisition to strengthen Vertiv’s comprehensive portfolio of digital infrastructure solutions with AI-based infrastructure monitoring, predictive services, and performance optimization

Vertiv Holdings Co (NYSE: VRT), a global leader in critical digital infrastructure, announced it has acquired Waylay NV, a Belgium-based leader in hyperautomation and generative AI software platforms, as part of its continued investment in AI-driven monitoring and control technologies for its power and cooling systems. Vertiv expects this investment to strengthen its ability to enable customers around the world to increase uptime, optimize energy usage, and enhance operational intelligence across their critical digital infrastructure.

As AI workloads continue to drive strong growth in data center demand, the need for intelligent, adaptive infrastructure continues to grow. AI-based digital services for power and cooling systems are essential to support the high-density, high-performance computing environments powering generative AI. These services support real-time monitoring, predictive maintenance, and dynamic optimization of power and thermal performance. With the integration of Waylay’s advanced technology, Vertiv is positioned to deliver these advanced capabilities at scale, helping customers meet the evolving demands of critical digital operations.

“With the addition of Waylay’s technology and software-focused team, Vertiv will accelerate its vision of intelligent infrastructure — data-driven, proactive, and optimized for the world’s most demanding environments,” said Vertiv’s CEO, Giordano Albertazzi. “We are excited about the operational efficiencies and the resilience that Vertiv’s further augmented predictive capabilities can provide for our customers.”

Founded in 2014, Waylay has developed an AI-driven hyperautomation software platform that enables workflow-based automation, system integration, and orchestration across a wide range of connected assets, enterprise applications, and cloud services. Among its capabilities are data analytics and orchestration scenarios that operate with unprecedented speed, significantly cutting the cost of integration and product deployment. The software can analyze real-time machine data, identify operational trends, and propose predictive actions that minimize downtime and improve system performance.

To learn more about Vertiv’s comprehensive, end-to-end portfolio of power, cooling, and IT infrastructure solutions, including integrated racks, power distribution units, uninterruptible power supplies (UPS), thermal management systems, and digitized monitoring and lifecycle services, visit Vertiv.com.

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.

India Calls on Cisco to Boost Digital Infrastructure, AI, and 6G Collaboration

Union Minister Jyotiraditya Scindia has urged Cisco to significantly expand its presence in India’s rapidly growing digital ecosystem, emphasizing the country’s pivotal role in shaping the global tech future.

• Participants: Scindia met with Cisco CEO Chuck Robbins and his leadership team in New Delhi.
• Focus Areas:
  • Artificial Intelligence (AI) and 6G development
  • Cybersecurity enhancement
  • Inclusive digital growth, especially in Tier 2 and Tier 3 cities
  • Grassroots innovation to uplift the common man
• Strategic Vision: Scindia emphasized India’s emergence as a global innovation hub and invited Cisco to co-create solutions that empower communities and prepare future generations.

Cisco’s Growing India Footprint

• Cisco inaugurated its first manufacturing facility in Chennai in 2024, in partnership with Indian contract manufacturer Flex.
• The facility is expected to:
  • Generate $1.3 billion annually through exports and domestic production
  • Create 1,200 jobs
  • Produce advanced telecom equipment, contributing to India’s “AtmanirbharBharat” (self-reliant India) in tech

Broader Implications

Scindia’s outreach reflects India’s ambition to:

• Lead in next-gen technologies like 6G
• Build a secure, inclusive, and future-ready digital Bharat
• Attract global tech giants to invest deeper in its digital infrastructure and innovation ecosystem.