Technology

Boosting literacy might unlock a $50 bn opportunity in India's e-comm space

Facts       Aug 09, 2018

  Enhancing literacy and building locally relevant solutions can drive usage and transactions among Internet users in the country, helping unlock a $50 billion opportunity in the e-commerce space, a report said on Thursday.   The report by Google, Bain & Company, and Omidyar Network stated that...

UIDAI slams Aadhaar 'fear-mongering', says helpline number can't steal data

Indian News       Aug 06, 2018

  New Delhi: The UIDAI on Sunday said vested interests misused Google's "inadvertent" act around it old helpline number to create fear and tarnish the image of Aadhaar while emphasising that a number stored in contact list cannot steal data from a mobile phone.   The Unique...

MSIG Insurance-Plug&Play partnership to promote innovation through Startups

International News       Aug 06, 2018

  Singapore: MSIG Insurance, a leading general insurer in Asia, announced today that it has entered into a strategic partnership with Plug and Play, a global startup accelerator and corporate innovation platform, to promote innovation within the general insurance space.   MSIG Insurance will become a founding...

Fintech Payments market prone to cyber-attacks,City of London & PWC Report

Indian News       Aug 03, 2018

  London: In a rapidly emerging Fintech Payments market like India, the Cyber security threat is all the more pertinent considering the size of the payments market and the fact that India is one of the most vulnerable countries in the world that is prone to...

Insurtech Firm Wefox Seeks New Funding with Softbank Among Investors

International News       Aug 02, 2018

  Wefox, one of Europe’s fastest-growing insurance technology firms, is close to settling on a new “triple-digit million” euro funding round, with Softbank’s Vision Fund among the suitors, three sources familiar with the negotiations said.   One of the sources said Softbank would lead the new round...

Prudential and Babylon Join Forces to Pioneer AI-Powered Digital Health Services in Asia

International News       Aug 02, 2018

  Hong Kong: Prudential Corporation Asia today announced it has entered into an exclusive partnership agreement with UK-based healthcare technology and services company Babylon Health .   Babylon's artificial intelligence ("AI") expertise will be made available to existing and new customers of Prudential across Asia marking a...

IRDAI to unveil stringent customer data protection regulations vis-a-vis Insurtech

Indian News       Aug 01, 2018

  Hyderabad: In a bid regulate the use of technology-Insurtech- by the Indian insurance industry, with a strong focus on the protecting the rights and interests of customers, the insurance regulator IRDAI's working group has said that the consent of the customer to share his data...

Uber halts driverless truck manufacturing to focus on Cars

International News       Jul 31, 2018

  Uber will stop developing self-driving trucks that have been hauling cargo on U.S. highways, the ride-hailing company said on Monday, seeking to focus its autonomous-vehicle technology solely on cars.   Through its acquisition of Otto in 2016, Uber had sought to disrupt freight hauling with self-driving...

Cubillas Ding,Research Director, Celent

SAS supports Insurers to meet IFRS 17 compliance

Articles       Jul 30, 2018

  When the new International Financial Reporting Standard 17 (IFRS 17) takes effect onJanuary 1, 2021, it will upend decades-old insurance financial reporting standards. Though seemingly the tiniest glimmer on a distant horizon, navigating the intricacies of IFRS 17 will require painstaking planning and precision. Only...

AI system can identify your personality from eye movements

Facts       Jul 29, 2018

  Scientists have developed a new artificial intelligence system that can track a person's eye movements to identify their personality type. Researchers, including those from the University of Stuttgart in Germany and Flinders University in Australia used state-of-the-art machine-learning algorithms to demonstrate a link between personality...

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