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UN adopts first global artificial intelligence resolution
The resolution is the latest in a series of initiatives - few of...
Apple, Meta, Google set to face EU Digital Markets Act probes, sources say
Digital Markets Act breaches could cost the companies as much as...
Boosting literacy might unlock a $50 bn opportunity in India’s e-comm space
The report by Google, Bain & Company, and Omidyar Network stated that average data usage on mobile phones in India at about 8 GB a month per subscriber is at par with developed markets.However, only 40 per cent of India’s 390 million internet users are estimated to be transacting online.
MSIG Insurance-Plug&Play partnership to promote innovation through Startups
“Customers’ expectations of insurance are changing as technology plays a more important role in their day-to-day lives. Our partnership with Plug and Play is one of the ways for us to stay on top of this change and explore ways to serve our customers and partners better,” said Philip Kent, Executive Vice President, Planning and Chairman, Digital Taskforce Asia.
UIDAI slams Aadhaar ‘fear-mongering’, says helpline number can’t steal data
Last week, a French security expert who goes under the pseudonym Elliot Alderson and describes himself as the “worst nightmare” of the UIDAI, in a tweet had raised alarm on the presence of a UIDAI contact number in contact list of mobile phone users without their consent.
Insurtech Firm Wefox Seeks New Funding with Softbank Among Investors
Softbank’s Vision Funds’ big investments in firms like Uber or WeWork, leaders of the so-called “gig economy” mean that insurance acquisitions are particularly suited to its portfolio. Softbank founder Masayoshi Son has said he sees “insurtech” as a way to cross-sell to customers of his other companies.
Fintech Payments market prone to cyber-attacks,City of London & PWC Report
According ther eport’s estimate,by 2020, around 720 billion transactions are projected to occur through the use of digital payment methods in the Indian market which will be largely driven by development of Unified Payment Interface technology
Prudential and Babylon Join Forces to Pioneer AI-Powered Digital Health Services in Asia
Nic Nicandrou, Chief Executive of Prudential Corporation Asia, said: “The strategic partnership with Babylon is consistent with our ambition to address the unmet healthcare needs in Asia where the majority of the population are uninsured or underinsured, alongside an ageing population and escalating medical costs. This partnership accelerates our efforts to provide customer-centric, cost efficient and scalable health and wellness digital services to customers in the region.”
Uber halts driverless truck manufacturing to focus on Cars
San Francisco-based Uber faces competition from Silicon Valley companies including Tesla Inc. and Alphabet Inc.’s Waymo as well as traditional automakers such as Ford and General Motors in the race to bring self-driving cars to the market
IRDAI to unveil stringent customer data protection regulations vis-a-vis Insurtech
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The use of technology has an impact on product design and the efficiency of inclusive insurance delivery. However, it can pose certain risks.Data capture may pose several concerns and challenges, said IRDA’s Working Group’s report
SAS supports Insurers to meet IFRS 17 compliance
“The disparate nature of incumbent accounting systems, actuarial tools and data sources, conventionally with weak workflow and integration capabilities, will pose a significant hurdle for insurers to overcome in complying with IFRS 17, particularly as many grapple with IFRS 9 compliance in tandem,” said Cubillas Ding, Research Director at Celent
AI system can identify your personality from eye movements
Their findings show that people’s eye movements reveal whether they are sociable, conscientious or curious, with the algorithm software reliably recognising four of the Big Five personality traits: neuroticism, extroversion, agreeableness, and conscientiousness