``IRDAI in exercise of the powers under Section 102 of the...
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IFSCA panel pitches for Cat Bonds and ILS in India
IFSCA can set up guidelines for the insurance-linked securities...
Goa Institute of Management develops algorithm to tackle bias, collusion in e-commerce
"The developed algorithm ensures fairness by filtering based on...
“We are likely to come out with a set of pension regulations soon”
Gujarat International Finance Tec-City, India’s newest financial hub and a flagship project of Prime Minister Narendra Modi, is preparing for its next phase of growth. The first phase followed the creation in 2020 of a new regulator, the International Financial...
Finance and insurance sector jobs most affected by adoption of AI:UK Report
Management consultants were singled out as the occupation most exposed to any of the 10 AI applications included in the study, from image recognition to language modeling or translation. The technology is most likely to transform professional roles such as lawyers,...
First bond to insure against cyber attacks issued
Long Walk Reinsurance Ltd. issued a $75 million so-called cat bond, sponsored by AXIS Capital, to insure against “a cyber-catastrophe event” across its main underwriting units, the Bermuda-based firm said Tuesday. “We expect this transaction will serve as a template...
Current solar cycle intensity to peak in 2024 may impact Earth’s satellites find researchers
"During intense solar storms, the Earth's upper atmosphere expands outwards, thereby introducing friction on the low-Earth satellites. The friction can lead to a decay in the satellites' orbits and reduce their lifetime. Thus, they are able to live in space for a much...
Cybersecurity, customer protection essential for digital payments momentum: RBI paper
The authors further said despite the traction observed in digital payments, cash persists due to a strong inclination of the populace to transact and save in cash Mumbai: Cybersecurity, customer protection, and cost-effectiveness are essential for sustaining the...
US, Britain, other countries ink agreement to make AI ‘secure by design’
The agreement is non-binding and carries mostly general recommendations such as monitoring AI systems for abuse, protecting data from tampering and vetting software suppliers The United States, Britain and more than a dozen other countries on Sunday unveiled what a...
Govt disconnects 70 lakh mobile involved in financial frauds: DFS Secretary
Vivek Joshi, Secretary, Department of Financial Services About Rs 900 crore of defrauded money has been saved, benefitting 3.5 lakh victims, an official statement said New Delhi: To check digital frauds, the government has disconnected 70 lakh mobile numbers so far...
Net zero goal calls for USD 5 trillion in annual green investments: IMF
Of the 50 per cent cut to emissions needed by 2030 to stay on track for the 1.5-degree target, more than 80 per cent can be achieved from technologies available today. Getting to net zero by 2050 will, however, require technologies that are still under development or...
Tata Group unit owes $210 mln in US trade-secret fight, jury says
The jury said on Friday that Tata owed DXC $70 million for misappropriating its trade secrets and an additional $140 million because its misuse was "willful and malicious." A jury in Dallas, Texas federal court has decided that India-based Tata Consultancy Services...
Hackers using new malware to steal Facebook Business accounts: Report
According to the report, the malware searches for shortcuts to Chromium-based browsers, such as Google Chrome, Microsoft Edge, Vivaldi, and Brave. "Having found one, the malware alters its command line by adding an instruction to install a browser extension, which is...