Vision is for India to evolve as a ‘fintech nation’ with the...
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Eco-Survey: Banks and insurers must avoid mis-selling and address grievances to keep financial system healthy
Commercial banks and insurance companies, even as they aim to...
‘India staring at infertility crisis may alter population dynamics ‘ says top IVF chain Founder
"This silent epidemic, affecting one in six couples, is rapidly...
Suspected North Korean hackers targeted COVID vaccine maker AstraZeneca –
Cyberattacks against health bodies, vaccine scientists and drugmakers have soared during the COVID-19 pandemic as state-backed and criminal hacking groups scramble to obtain the latest research and information about the outbreak.
Western officials say any stolen information could be sold for profit, used to extort the victims, or give foreign governments a valuable strategic advantage as they fight to contain a disease that has killed 1.4 million people worldwide.
Skoda India’s plea to quash FIR for alleged use of cheat device dismissed
The FIR was also lodged in UP and the company moved the high court seeking its quashing, it said.
The apex court passed the order on the appeal filed by Skoda against the Allahabad High Court order refusing to quash the FIR and dismissing its plea.
Fintechs seen eating into market share of established insurers, EU says
Insurers and reinsurers such as AXA and Munich Re have been investing in so-called insurtech companies, considered a faster way for them to adapt to technology changes.
Stephen Catlin, chairman and chief executive of Convex, a newcomer to the insurance, told the event that fintech firms faced a learning curve to compete with established players.
India bans 43 more mobile apps as it takes on China
The 43 mostly Chinese origin apps, which also include a few dating apps, threaten the “sovereignty and integrity of India”, the technology ministry said in a statement.
India has previously banned more than 170 apps saying they collect and share users data which could pose a threat to the state.
Airline body IATA develops mobile apps for COVID-era travel
“Our main priority is to get people travelling again safely,” IATA security chief Nick Careen said. “That means giving governments confidence that systematic COVID-19 testing can work as a replacement for quarantine requirements.”
Passenger health and other data are not stored centrally but authenticated with blockchain, leaving consumers in control of what they share, IATA said.
Google faces regulatory scrutiny in Britain over ‘Privacy Sandbox’ advertising data revamp
The complaint follows up on concerns about Google’s new system that the watchdog raised in a July report about online platforms and digital advertising. The report recommended the British government adopt a new regulatory approach to governing digital giants making big money from online ads.
Google said the new technology will increase privacy for users while also supporting publishers.
Meanwhile,Russia has opened a case against U.S. tech giant Google for failing to remove banned content from its search engine, communications watchdog Roskomnadzor said on Monday.
LDF govt puts on hold controversial Kerala Police Act amendment
Opposition parties have slammed the amendment, brought through an ordinance, providing for imprisonment up to five years to those making defamatory social media posts, saying it was against freedom of speech and the press.
Govt plans to set up charging infrastructure across 69K petrol pumps
The Road Transport and Highways Minister while addressing a virtual conference said that the government has taken several steps to promote electric vehicles which include reduction in GST to 5 per cent, allowing delinking of battery cost of 2-3 wheelers from vehicle cost as it accounts for nearly 30 per cent of the cost etc.
$22 billion tech giant dream of China’s Ping An Insurance face headwinds
China’s tightening grip on fintech firms and an antitrust crackdown complicate Ping An’s bid to lift its valuation closer to those garnered by tech giants like Alibaba Group Holding Ltd. and Tencent Holdings Ltd. The Shenzhen-based finance firm, which gets three-quarters of its revenue from insurance, trades at about 10 times 2019 earnings; Alibaba’s ratio is six times higher.
Ping An has pledged to plow more than $22 billion into research from big data to blockchain to make it more “tech” than “fin,” while carving out some of its units through public listings to maximize value.
Howden acquiers cyber and tech specialist broker Safeonline
“Cyber as a class has been growing strongly for us over recent years and this acquisition supercharges our growth in this important market, In a stroke, it gives us the ability to service retail SME clients and enlarge our U.S. wholesale cyber book. It also means we can improve our service to large global retail accounts and grow further our Financial Lines retail capability.commented Charlie Langdale, managing director, Financial Lines.