Under the EU’s new defense spending ambitions, about €250 billion...
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Agentic AI may help insurers reduce cost, complexity of tech modernisation: Report
According to the report, insurers that combine reusable AI...
Global InsurTech funding reaches in $1.63 billion in Q1:Gallagher Re
AI-focused companies dominated the quarter, accounting for 95.2% of...
DFS secretary reviews vision strategy of LIC and GIC Re
M.Nagaraju, Secretary, DFS Nagaraju underscored the need to expand insurance coverage to a wider segment of the population,advising that companies should prioritise inclusion of more individuals under the ambit of insurance rather than concentrating predominantly on...
PSU banks looks to scale up IT spend in view of cyber threat posed by Anthropic Mythos
Mythos’ advanced coding capabilities give it an unprecedented potential to detect cybersecurity weaknesses and develop methods to exploit them, sparking concerns that it could be used to disrupt banking systems. New Delhi:Public sector banks are bracing up to increase...
Scindia launches nationwide mobile alert system for disaster emergencies
Jyotiraditya Scindia,Union Minister of Communications Cell Broadcast Solution (CBS) is a telecom-enabled public warning system that enables authorities to broadcast simultaneous, geo-targeted alerts to mobile devices within a defined area. Integrated with the...
Amit Shah to launch mobile-based disaster communication systems on May 2
The system has been extensively utilized by disaster management authorities, enabling the dissemination of over 134 billion SMS alerts, till date, in more than 19 Indian languages during natural disasters, weather warnings, and cyclonic events.To further strengthen...
FinMin asks banks to adopt MuleHunter AI tool of RBI to check cyber frauds
M Nagaraju, Secretary, DFS During the meeting he also advised State Level Bankers' Committee to sensitise the State Police Authorities about the steps taken by the banks for prevention of cyber financial frauds and undertake greater public awareness initiatives, the...
Fraudsters now exploiting e-Commerce sector at a scale similar to Jamtara banking scams: Report
An analysis of 70 million marketplace users by AI- powered risk decisioning platform Bureau, revealed that coordinated groups are now exploiting online systems at a scale similar to the Jamtara banking scams. Organised fraud networks are now systematically targeting...
EPFO to launch Aadhaar-based portal to unlock dormant PF accounts
Mansukh Mandaviya,Labour & Employment Minister The portal, E-PRAAPTI, will provide a streamlined Aadhaar-based authentication mechanism that will enable a member to access an old EPF account, which may not have a UAN (universal account number), and update their...
Transactional risk insurance gains traction in India
Aditya Samag, Private Equity and M&A Leader, Marsh India, mentioned a clear shift in India to larger, more complex transactions, particularly in high-growth sectors such as technology, healthcare, and infrastructure.In this environment, transactional risk...
WhatsApp banned 9,400 accounts involved in digital arrest scams since January this year: Centre to SC
A bench headed by Chief Justice Surya Kant, which had taken suo motu cognisance of online frauds, including digital arrests, had issued a slew of directions including asking the Reserve Bank of India , the Department of Telecommunications , and others to jointly hold...
Global fintech sector set to triple to USD 2 trillion by 2030 amid AI push: McKinsey
Global fintech revenues stood at around USD 650 billion in 2025, accounting for roughly 4 per cent of the broader financial services market. The report projects that the sector could grow to nearly USD 2 trillion by 2030 if current growth trends continue. New Delhi:...