Founded in 2020, bolttech operates a digital platform where...
Category:
Technology
Latest
GST Council approves ‘Track and Trace Mechanism’ to curb evasion
"The system shall be based on a Unique Identification Marking which...
DoT asks telcos to play cybercrime awareness caller tune 8-10 times daily
"In order to make the public aware about cybercrime through the...
Installation of electric vehicle charger will cost Delhi residents Rs 2,500
Delhi government is providing a subsidy of Rs 6,000 to the first 30,000 applicants for charging stations bringing down effective cost of each charger to just around Rs 2,500. The incentives provided by Delhi government will reduce the cost of chargers by up to 70 per...
Swiss Re’s Pulse technology platform to be deployed by Mitsui Sumitomo group to manage global insurance programme
The PULSE platform, which was launched in 2019, will help MSIG streamline their technology landscape and overcome inefficiencies and data discrepancy challenges that come from managing multinational insurance programmes across multiple applications. collaboration....
Travelers Risk Index: Cyber ranks as the top business concern
Security breaches, system glitches and unauthorized access to bank accounts are the top three cyber-specific business concerns.
The percentage of respondents who said their company suffered a security breach where someone hacked into a system increased nearly 40% compared to 2020, to almost half (46%).
Security breaches, system glitches and unauthorized access to bank accounts are the top three cyber-specific business concerns.
Can Bhutan’s digital cash lift its gross national happiness
Royal Monetary Authority of Bhutan has announced a pilot with San Francisco-based Ripple for a national currency running on distributed electronic account-keeping.
The open-source XRP ledger claims to be carbon neutral and 120,000 times more efficient than proof-of-work blockchains. Unlike El Salvador, which has chosen to use the volatile and energy-guzzling Bitcoin as money alongside US dollars, Bhutan wants to retain the ngultrum, the national currency. The bet is that a paperless version of the central bank’s liabilities would be a more attractive alternative to bank deposits for a sparse population scattered across a rugged, mountainous terrain.
Climate change and cyber risk top the list of concerns in AXA Future Risks Report 2021
“Climate change returned to the top of the experts’ risk ranking in the 2021 survey, having been displaced by pandemic risk in 2020.The survey revealed regional differences: climate concern is higher in Europe than anywhere else, among both experts and the general public. Meanwhile, experts in Africa and the Americas were most pessimistic about their national governments’ preparedness to tackle this risk,” said AXA.
New approach needed to make digital data flow beneficial for all
“The current fragmented data landscape… may create more space for substantial harms related to privacy breaches, cyberattacks and other risks” UN Secretary-General António Guterres said.
Oil will be world’s No. 1 energy source for decades, says OPEC
OPEC says that more electric vehicles on the road and the push for alternative and renewable energy will indeed usher in an era of declining demand for oil in rich countries.
But the energy needs of expanding economies in other parts of world will still leave oil as the world’s No. 1 source of energy through 2045, OPEC said Tuesday in its annual World Oil Outlook.
Pandemic pushes Chinese tech giants to roll out more courier robots
Researchers at the University of Michigan said fully and partially automated vehicles could cut delivery costs by 10−40% in cities. Alibaba’s last-mile logistics vehicle has delivered over a million orders as of September to more than 200,000 consumers, the company said. It operates over 200 robots and plans to have 1,000 by March and 10,000 over the next three years.
Data privacy should not be compromised in using fintech: FM
”Data privacy is one of the things which is very important and it is an issue on which there can be a lot of contentious views. However, basic respect for privacy…as the guiding principle is well appreciated.Safeguard of client data, is something which I think is the backbone to bringing trust. Unless my data is safeguarded well I wouldn’t want to get into a scheme of things. So that is the guiding principle,” Sitharaman said at the ‘Global FinTech Fest 2021’.
Fintech firms can check digital frauds: RBI Dy Guv Sankar
”Another area where fintech holds promise is to prevent digital frauds, which have become apparent as the pace of digital penetration has outstripped development of awareness,” he said. Citing data, he said incidents of digital frauds have risen during the pandemic.