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Google Wallet arrives in India
Google Wallet can be downloaded from Play Store and would allow...
UK tells tech firms to ‘tame algorithms’ to protect children
The plan by regulator Ofcom is one of more than 40 practical steps...
EU privacy regulators expected to raise fines under GDPR data protection rules
Regulators in France, Germany and Austria levied the biggest fines so far, while the Netherlands, Germany and the U.K. topped the list for the number of data breaches notified to their authorities, the survey by law firm DLA Piper found. France’s data protection commission, the CNIL, last January slapped Google with a 50 million-euro fine over transparency, information and consent failures.
Boeing 737 MAX: Company finds ‘new minor’ software glitch in grounded aircraft
Boeing is rewriting software that played a role in crashes five months apart in Indonesia and Ethiopia that killed 346 people and led regulators to ground the plane worldwide in March 2019.
Health warning: How Fitbits can help predict flu outbreaks
The World Health Organization estimates that as many as 650,000 people worldwide die of respiratory diseases linked to seasonal flu each year.
Promoting Responsible Artificial Intelligence in Insurance
When used for risk selection and pricing, trust in AI systems can be fostered by using data sources that are related to the insured risk in a way which is intuitively understandable to customers. The benefits of overly complex models may not always justify their reduced interpretability.
Digital, physical retail have own advantages, challenges: Kishore Biyani
“Physical has its own advantages and nuances and digital has its own advantages. Both of them came in different eras and they will meet, I think in next 3-4 years it will be ‘phygital’,” Biyani said.
IRDA approves 33 regulatory Sandbox proposals
Some of the other general insurers who have received regulatory approvals for their regulatory sandbox projects are- Religare Health Insurance, Bharti Axa General Insurance Co Ltd, Kotak Mahindra General Insurance, TATA AIG General Insurance, SBI General Insurance, Acko General Insurance Ltd, Liberty General Insurance Ltd, Reliance General Insurance Co, Edelweiss General Insurance.
Register drones by January 31 or face action: Aviation ministry
In the notice issued on Monday, the ministry said, “On successful submission of voluntary disclosure of possessing drone, a Drone Acknowledgement Number (DAN) and an Ownership Acknowledgement Number (OAN) will be issued online which will help in validation of operation of drones in India.”
Visa to buy fintech startup for $5.3 billion to move beyond card payments
Both Visa and Mastercard have been seeking to move beyond card payments in recent years to extend their rapid revenue growth. Mastercard bought a payments platform owned by Nets for $3.2 billion last year, using its biggest-ever acquisition to move further into so-called account-to-account payments.
US, Europe to test Boeing 737 Max from Jan 15; India to take a call later
In terms of India’s safety regulations, the Directorate General of Civil Aviation (DGCA) will conduct its own assessment tests, once the FAA-EASA test results are declared.
DPIIT to discuss data issues in draft e-comm policy with firms on Jan 14
Further, sources said that issues which needs to be looked upon include whether India should allow free flow of data across the border or inhibit or regulate it in some manner; and whether data localisation is required or not.