C-Edge Technologies, a prominent IT solutions provider for India’s banking and financial sector, has recently faced significant challenges following a major ransomware attack. This incident has severely impacted its systems, leading to disruptions in payment services for nearly 300 small banks across the country.
Established in 2010, C-Edge is a joint venture between State Bank of India (SBI), the nation’s largest public sector bank, and TCS, a global leader in IT services. The company was created to serve the specific technological needs of Indian banks, particularly those in the cooperative and regional sectors.
Over the years, C-Edge has become a key player in the Indian fintech industry, offering a wide range of products and services, including:
- Core Banking Solutions: Their core banking platform, Finacle, is widely adopted by banks across India, supporting essential banking functions such as account management, transactions, and customer service.
- Payment Solutions: C-Edge provides various payment gateway services, mobile banking solutions, and ATM management systems, facilitating smooth digital transactions for millions of users.
- Cybersecurity Services: The company offers a comprehensive suite of cybersecurity solutions, includi
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