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90% of financial institutions focus on AI, GenAI for innovation: PwC India

by AIP Online Bureau | Sep 15, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Risk Management, Technology

“Collaborative innovation is now seen as a key driver for fintechs, enabling faster speed-to-market and delivering tangible benefits like new product offerings, increased productivity, and reduced operational costs,” said Vivek Belgavi, Partner and Leader...

India’s household debts surge on back of housing loans, rising trend of unsecured lending

by AIP Online Bureau | Sep 15, 2024 | Data, Eco/Invest/Demography, Policy, Risk Management, Wealth Management/ Philanthropy

As per the report, as of FY23, India’s household debt has reached 38 per cent of GDP, reflecting a growing trend in household leverage. The report noted that the household debt is linked to real estate, such as homes and properties and it is driven by investment...

Combination of EVs, hybrids, plug-in-hybrids will drive India’s clean energy auto sector: Report

by AIP Online Bureau | Sep 15, 2024 | Data, Eco/Invest/Demography, Non-Life, Technology

As per the report, the Indian EV market has seen tremendous growth. Global EV sales reached 14 million in 2023, with India experiencing a 90 per cent growth rate. By 2030, the Indian government aims for 30 per cent EV penetration, with key enablers like expanded...

Tech companies commit to fighting harmful AI sexual imagery by curbing nudity from datasets

by AIP Online Bureau | Sep 15, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

In a deal brokered by the Biden administration, tech companies Adobe, Anthropic, Cohere, Microsoft and OpenAI said they would voluntarily commit to removing nude images from AI training datasets “when appropriate and depending on the purpose of the model.” WASHINGTON:...
Sebi introduces centralized fee collection mechanism for investment advisers, research analysts

Sebi introduces centralized fee collection mechanism for investment advisers, research analysts

by AIP Online Bureau | Sep 15, 2024 | Eco/Invest/Demography, Indian News, Technology, Wealth Management/ Philanthropy

Under this mechanism, clients will pay fees to Investment Advisers (IAs) and Research Analysts (RAs) , through a designated platform or portal administered by a recognised Administration and Supervisory Body (ASB), the regulator said in a circular Mumbai: Market...
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