Cloud RAN Accelerators: which one is in the lead, and why? - Ericsson

Image
Press play on photo to watch the video Do you want to listen to this videoepisode instead? Play the audio only. Service providers' key expectations from 5G and toward 6G era are to successfully manage the immense traffic growth and leverage mobile networks to support new use cases. To put the expectations into concrete numbers – the projections say that 5G subscriptions will reach 1 billion, and the average monthly usage per smartphone will surpass 15 GB by the end of this year and then grow to 40 GB by the end of 2027. As mid-band brings the potential of high capacity to explore new use cases with high bandwidth demand, new considerations appear on how to get the most out of 5G in Cloud RAN, impacting service providers' strategy of designing their 5G networks and selecting the best RAN processing option. Talking about processing and the time-critical nature of some elements, different parts of the RAN software stack have different requiremen...
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HDFC Bank ‘SmartUp’ Current Account gives start-ups a smarter tool to manage funds - YourStory

HDFC Bank, a leading provider of financial services, has been enabling organisations to get the most value of their money through its state-of-the-art products. Its latest offering is 'SmartUp Growth' — a new current account under its SmartUp Program offers a comprehensive banking solution for start-ups.

The account helps growth-stage start-ups manage their finances smartly and efficiently. Along with bespoke banking offering and treasury services, the account provides a value-for-money solution with incremental benefits based on the balance maintained.

This solution is an addition to the existing SmartUp Alpha and SmartUp Max Current Accounts catering to Early-Stage and Mature Stage start-ups respectively.

Value-added features tailor-made for start-ups

The 'SmartUp Growth' account has tailormade value-added features designed keeping in mind the requirements of growing start-ups in India.

It aims to provide a holistic, value-for-money solution with incremental benefits based on balance maintained. All three SmartUp products can be opened by start-ups not older than 10 years.

"For the last 6 years, our approach has been to provide value-added support to SmartUp banking customers," said Neha Agrawal, Head of Start-ups and Venture Investments at HDFC Bank. "We felt the need to differentiate the needs of growth stage start-ups, starting right from the Current Account version. Hence, we are excited about launching SmartUp Current Account for start-ups."

HDFC Bank's new offering comes at a time when the Indian start-up ecosystem is growing fast and how. Start-ups leveraging emerging technologies to cater to fast evolving consumer demands have earned global fame with their ability to innovate at scale, and with agility. According to a YourStory report, Indian start-ups raised a total of $12.82 billion during Q3. The funding was raised across 461 deals in Q3, which is the highest compared to Q1 (256) and Q2 (287).

Customised solution for Indian start-up ecosystem

HDFC Bank's SmartUp Program provides an end-to-end banking bundle that includes forex, payment solutions, depository services, escrow, corporate salary, card offerings and more. The program also offers business and funding support initiatives for the bank's customers.

Customers can avail services at special rates, negotiated for HDFC Bank start-ups, for co-working spaces, digital marketing services, tax and compliances, HR solutions, etc.

Talking about the newly launched SmartUp Growth current account, Mr. Mairaj Uddin, Executive Vice President and Head – Current Account Product, HDFC Bank said, "SmartUp Growth has been launched to catalyse start-ups' growth by assisting entrepreneurs with smart financial tools, smart advisory services along with innovative product offering and technology. So, if founders have started right now or are in the growth stage or already moving ahead in their entrepreneurial journey, we have a smart solution for them. We at HDFC Bank are committed to continuously finetune our product offerings and build robust processes for the dynamic start-up segment and this new account is one such solution."

To apply for the banking bundle and/or engage in one of our many initiatives, visit www.hdfcbank.com/smartup/.

HDFC Bank 'SmartUp' Current Account gives start-ups a smarter tool to manage funds - YourStory

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