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AU Small Finance Bank raises FCNR Deposit Rates to 7.10%*, Strengthens End-to-End NRI Banking Proposition

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MUMBAI, India, June 11, 2026 /CNW/ — AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first institution in over a decade to receive in-principle approval from the Reserve Bank of India (RBI) to transition into a Universal Bank, has significantly enhanced its Foreign Currency Non-Resident [FCNR (B)] deposit rates, with the peak USD deposit rate increasing from 5.15% p.a. to 7.10%* p.a., effective June 10, 2026. This revision underscores the Bank’s strategic focus on strengthening its NRI franchise amid rising demand for stable foreign currency deposits and diversified funding sources.

FCNR deposits remain a key channel for mobilising overseas Indian savings into India, while offering protection against exchange rate fluctuations.

Available in US Dollars, FCNR deposits offer NRIs a fully repatriable investment avenue with income tax exemption in India on both principal and interest, along with attractive returns on overseas earnings.

Product

Earlier Peak Rate

Revised Peak Rate

FCNR

5.15 %

7.10%*

* Interest on FCNR (B) deposits is paid out semi-annually.

Further strengthening its NRI proposition, AU SFB has also introduced zero forex margin and zero bank charges on eligible inward and outward remittances, placing it among the few private sector banks in India to eliminate embedded forex mark-ups that can typically erode up to 2% of transfer value.

Under this proposition, customers benefit from currency conversion at the Bank’s Interbank Reference Rate (IBR) with no additional transaction charges. This significantly enhances the efficiency of cross-border money movement for NRIs. With a compelling combination of high USD-denominated returns, zero-cost remittances, and seamless servicing, AU SFB is well positioned as a preferred banking partner for NRIs seeking efficient wealth management and savings solutions in India.

https://www.au.bank.in/interest-rates/au-fcnr

About AU Small Finance Bank

AU Small Finance Bank Limited (AU SFB) is a Scheduled Commercial Bank and has established itself as India’s largest Small Finance Bank since commencing its banking operations in April 2017. Founded in 1996 by Mr. Sanjay Agarwal, a first-generation entrepreneur, AU is entering its 10th year as a Bank.

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SOURCE AU Small Finance Bank

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Advantech Strengthens Industry-Academia Collaboration Through Regional AIoT Hackathon 2026

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SINGAPORE, July 29, 2026 /PRNewswire/ — Advantech Co. Singapore Pte. Ltd., in collaboration with Singapore Polytechnic (SP), successfully organized the Advantech AIoT Regional Hackathon 2026, one of the flagship initiatives under the SP–Advantech AIoT Co-Creation Lab. Held under the theme “Hack the Future,” the programme reaffirms Advantech’s long-term commitment to developing future-ready AIoT talent, strengthening Industry–Academia collaboration, and accelerating innovation across Southeast Asia.

The regional competition brought together 18 student teams from Singapore, Malaysia, and Batam, Indonesia, providing a platform for aspiring innovators to apply Artificial Intelligence of Things (AIoT) technologies to solve real-world industrial challenges. As industries continue to accelerate digital transformation, the demand for AIoT professionals equipped with practical experience and multidisciplinary skills continues to grow. The Hackathon bridges academic learning with industry application by enabling students to gain hands-on experience in industrial automation, intelligent edge computing, and AIoT solution development.

Throughout the programme, participants attended structured technical training, received mentorship from Advantech engineers and industry professionals, and developed innovative prototypes using the Advantech ADAM-6717SK Industrial IoT Gateway and industrial edge technologies. Beyond strengthening technical competencies, the Hackathon fostered creativity, teamwork, design thinking, and problem-solving—essential capabilities for the next generation of AIoT innovators and digital transformation leaders.

The Regional AIoT Hackathon forms part of Advantech’s broader Industry–Academia collaboration strategy to cultivate AIoT talent through experiential learning and industry engagement. Together with SP, Advantech continues to expand opportunities through the SP–Advantech AIoT Co-Creation Lab, technical workshops, industry mentorship, internships, collaborative innovation projects, and applied research. These initiatives bridge the gap between academia and industry, equipping students with practical skills while strengthening the regional AIoT ecosystem and supporting the development of future-ready engineering talent.

“At Advantech, we believe innovation is driven by strong collaboration between industry and academia. The Regional AIoT Hackathon provides students with the opportunity to apply AIoT technologies to real-world industrial challenges while gaining valuable mentorship from industry professionals. Through initiatives such as the SP–Advantech AIoT Co-Creation Lab, we are developing future-ready talent and empowering the next generation of innovators to accelerate digital transformation across industries,” said Vincent Chang, Managing Director, Asia & Intercontinental Region, Advantech.

The finalist teams will present their AIoT innovations before a panel of judges comprising representatives from Advantech, SP, and industry partners. The winners will be announced during the Advantech Strategic Forum, held in conjunction with Automation SolutionGO! x  Regional Industry Networking Conference (RINC) 2026, on 29 July 2026.

Through continued collaboration with academia, industry, and ecosystem partners, Advantech remains committed to advancing AIoT innovation, empowering future talent, and enabling an intelligent and connected world through digital transformation.

About Advantech

Founded in 1983, Advantech is a global leader in providing trusted innovative embedded and automation products and solutions. The company empowers an intelligent planet through IoT and AIoT technologies that enable smarter, more sustainable industries. With over 40 years of experience and a strong presence in more than 90 cities worldwide, Advantech continues to collaborate with partners and customers to deliver Edge Intelligence for a Sustainable Future.

View original content:https://www.prnewswire.com/apac/news-releases/advantech-strengthens-industryacademia-collaboration-through-regional-aiot-hackathon-2026-302836456.html

SOURCE Advantech

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TPIsoftware Partners with Juxta to Bring Advanced, Satellite-Free Positioning Tech into Security Sectors

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TAIPEI, July 29, 2026 /PRNewswire/ — TPIsoftware has signed a global reseller agreement with Juxta, a US-based tech innovator specializing in Universal Positioning System (UPS), to deliver geospatial tracking applications to customers across regions.

Through this agreement, TPIsoftware will help manage the reselling network and provide system integration services across multiple regions. Juxta’s proprietary UPS technique will be incorporated into TPIsoftware’s integrated AI solutions to enable autonomous, real-time positioning for enhanced tracking accuracy and security in disaster prevention and mitigation, healthcare and logistics management to build resilience against signal jamming and interference. 

The Global Positioning System (GPS) has been widely used but faces vulnerabilities such as limited coverage, signal jamming and spoofing due to its reliance on satellites for navigation. To address these challenges, Juxta’s UPS is built with Inertial Measurement Unit (IMU) sensors and advanced machine learning to achieve real-time navigation, asset tracking and workflow automation without expensive hardware like receivers, beacons and cameras. 

UPS supports sub-meter tracking accuracy anywhere on Earth even in circumstances where GPS is denied and the signal is obstructed. UPS has been field-tested and deployed across government, defense, logistics, and healthcare environments where reliable positioning is critical. It can support full-scale operation monitoring, continuous positioning inside tunnels, indoor and underground space, and navigation for unmanned systems operating in mountainous or remote areas where signal reception is limited or disrupted. The technology has also been applied to healthcare asset tracking, warehouse and logistics operations, and other mission-critical environments requiring continuous, infrastructure-free positioning.

“Partnering with TPIsoftware strengthens our regional presence, allowing us to tap into their integration capabilities and established networks to enter broader markets across APAC,” said John Ferrara, Juxta Founder and CEO. “Designed to overcome the limitations of traditional tracking technologies, our revolutionary Universal Positioning System (UPS) delivers a hardware-free, offline-capable platform that transforms any environment into an intelligent, continuously trackable space.”

“The strategic collaboration extends our reach to industries with higher compliance standards while enabling deeper integration of our proprietary AI solutions with Juxta’s positioning capability,” said Yilan Yeh, TPIsoftware General Manager. “By leveraging Juxta’s accurate positioning and anti-jamming techniques, we can further support customers in healthcare, disaster prevention and logistics sectors in Taiwan and those beyond APAC with on-premises AI deployment for enhanced data sovereignty, security and resilience.”

About TPIsoftware
Founded in 2005, TPIsoftware is a leading Taiwan-based software provider specializing in proprietary enterprise solutions for mission-critical systems, artificial intelligence, cybersecurity and sustainability management. With a strong global footprint in Vietnam, Singapore, Thailand and Japan, TPIsoftware builds robust, scalable infrastructure and delivers integrated solutions for the financial, healthcare, government and manufacturing industries, empowering digital transformation for greater agility and a competitive edge.

View original content:https://www.prnewswire.com/apac/news-releases/tpisoftware-partners-with-juxta-to-bring-advanced-satellite-free-positioning-tech-into-security-sectors-302836288.html

SOURCE TPIsoftware

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Manhattan Associates Introduces Sightline™, Bringing Decision Intelligence to Supply Chain Planning

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New capability reveals the reasoning behind every AI-driven forecast, recommendation, and inventory decision in ActivePlanning, deepening planner trust by turning hours of off-system investigation into in-application answers within seconds

SYDNEY, July 29, 2026 /PRNewswire/ — Manhattan Associates Inc. (Nasdaq: MANH), the global leader in native AI-empowered supply chain commerce solutions, has unveiled Sightline, a new capability within ActivePlanning™, to reveal the reasoning behind AI-driven forecasts, recommendations, and inventory decisions in plain business language.

Sightline brings the “why” behind projected outcomes directly into the application, from a single order line to an entire network. It gives planners forensic-level understanding of the factors shaping forecasts, orders, and inventory positions, including forecast inputs, safety stock decisions, vendor minimums, lead times, promotional effects, fulfillment shifts, and network movements.

For decades, planners have had to leave the system and work in external analysis tools to understand the logic behind planning decisions. Sightline changes that by delivering real-time, in-application analysis that turns hours of off-system investigation into answers in seconds. Planners can quickly understand why a forecast changed, why a projection ran high or low, or what factors drove a recommendation.

Advanced AI forecasting can often feel like a black box that requires a data scientist to do the analysis. Forecasts get adjusted by AI, replenishment recommendations come from AI, and allocation decisions get nudged by AI. Practitioners often have difficulty understanding exactly why it’s doing what it’s doing. But with Sightline they get real-time, in-application analysis, turning hours of investigation into answers in seconds.

Sightline also introduces dynamic, configurable views built around how planners actually work, whether by role, promotion, activity, or a combination of those perspectives. These views across forecasts, order projections, and planned inventory levels are enabled through a new configurable workspace for planners, reducing time spent answering routine “why” questions and eliminating the need for third-party business intelligence tools or Excel.

“At Manhattan, we are committed to continuous innovation and simplification, which helps our customers work smarter and move faster,” said Brian Kinsella, senior vice president and chief product officer at Manhattan. “With Sightline, we’re giving planning teams a powerful new way to understand the drivers behind every outcome, accelerate decision-making, and drive higher productivity across the supply chain.”

Sightline establishes a new mandate for planning software by embedding explainability directly into the planning system, so users can investigate outcomes where decisions are made.

ABOUT MANHATTAN ASSOCIATES

Manhattan Associates is a global technology leader, providing supply chain and omnichannel commerce solutions with unmatched AI capabilities. We design, build, and offer best-in-class, AI-powered, cloud-based solutions that drive resilience and efficiency for businesses. We enable enterprises to uniquely unify front-end sales with back-end supply chain execution.

Our commitment to innovation, cloud-native platform, and API-first architecture creates simpler experiences and faster paths to value for our customers. We empower them to preempt and react to emerging trends and global disruptions with technical expertise and operational confidence, transforming challenges into competitive advantage. For more information, please visit www.manh.com.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/manhattan-associates-introduces-sightline-bringing-decision-intelligence-to-supply-chain-planning-302837178.html

SOURCE Manhattan Associates Inc.

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