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Online payment frauds jump over 400% in India:RBI data
"Fraudsters are getting sophisticated by the day, while financial...
Ambani’s financial services App to take on Google and Amazon
The company announced the test version of its platform, named...
One in five organizations doesn’t have cyber insurance: Marsh-Microsoft Study
Among respondents to the Marsh-Microsoft Cyber Perception Survey, nearly one-third of those who said their organization estimates the potential financial costs of a cyber event projected that losses from a worst-case incident could reach into the tens of millions of dollars .
Munich Re invests $ 250m more in Next Insurance
This investment emphasises Munich Re’s commitment to be the leading provider of digital insurance solutions. It also helps Munich Re expand its footprint in the promising insurance market for small and medium-sized commercial customers in the United States. We are confident that building on our proven collaboration will benefit both Munich Re and Next Insurance,”Joachim Wenning, chairman, Munich Re
Fundamental changes to insurers current model unavoidable:WITR 2019
The roadmap to the future requires insurers to break internal silos, seamlessly connect with ecosystem players, and become inventive. Inventive Insurer competencies cover intelligent processes, open platforms,customer centricity, and an innovative corporate mindset, according to WITR 2019 research and analysis.
With 150 million drivers, India has only 8000 electric cars
India had an estimated 650 charging stations for cars and SUVs in 2018, according to BNEF. China, the largest market for EVs, has about 456,000 charging points, official data shows.India’s sparse charging infrastructure stems from locals’ chicken-and-egg approach to the issue.
Only 10% of Indian CEOs confident about reliability of AI applications: PwC
The worrying part is that Indian respondents (53 per cent) significantly outnumber their global counterparts (36 per cent) in admitting that they have no formal approach to identify AI risks
300 mn Indians lifted above poverty line in last 14 years: NITI Aayog
The semiconductor industry is backbone to emerging technologies such as Artificial Intelligence, Machine Learning and Internet of Things and India is pioneering in the sector presenting growth opportunities.
Google faces $3.9B iPhone privacy lawsuit after London court reinstates case
“This case, quite properly if the allegations are proved, seeks to call Google to account for its allegedly wholesale and deliberate misuse of personal data without consent, undertaken with a view to a commercial profit,” Judge Geoffrey Vos said Wednesday in the ruling.
India has potential to become one of the largest electric vehicles markets: Report
The uptake of EVs has been slow in the country due to the high upfront as well as lifecycle costs cost but long-term investment in research and development (R&D) will create sustained growth, according to the report by the World Economic Forum and Ola Mobility Institute.
Volkswagen faces first mammoth diesel lawsuit on home turf
Around 450,000 people have joined a first-of-its-kind grouped proceeding, introduced by lawmakers after the “dieselgate” emissions cheating scandal broke in 2015
Multiple cyber attacks on Airbus suppliers; possible link to China: Report
Hackers have targeted British engine-maker Rolls-Royce and the French technology consultancy and supplier Expleo, as well as two other French contractors working for Airbus that AFP was unable to identify.