Technology

Jaitley said RuPay’s total transactions had leapt to 84.3 billion rupees ($1.16 billion) as of September, from 11 billion rupees before demonetisation. Total transactions done using UPI had jumped to 598 billion rupees ($8.26 billion) from 500 million rupees in October 2016, around the time it was launched

Digital assistants, social media to be key for banking sector by 2022: Report

Nov 7, 2018 | Indian News, Technology

The research, in which over 300 banks participated globally, found that respondents see open banking APIs (application programming interface) as the top technology for the future of innovation, with it being stronger than ’emerging’ areas such as machine learning, chatbots and RPA (Robotic Process Automation).

U.S. Agencies Split Over Cell Phone Cancer Risk

Nov 7, 2018 | International News, Risk Management, Technology

“We believe that the link between radio frequency radiation and tumors in male rats is real, and the external experts agreed,” said John Bucher, the toxicology agency’s senior scientist

Microsoft gears up for another digital revolution with quantum computing,

Nov 4, 2018 | Climate, Environment, Renewable Energy, Health, International News, Technology

A quantum computer can solve complex problems that would otherwise take billions of years for today’s computers to solve. This has massive implications for research in health care, energy, environmental systems, global warming, smart materials and more.

In a first for India, HSBC makes overseas payment for RIL via blockchain

Nov 4, 2018 | Indian News, Risk Management, Technology

A slew of domestic lenders, including ICICI Bank, SBI and Yes Bank among others are working on blockchain solutions and count trade finance as one of the best use cases for the technology because of the ability to cut down on time.

Elon Musk says new tech will make Tesla car ‘follow you like a pet’

Nov 4, 2018 | Facts, Technology

By next year, a Tesla should be able to drive around a parking lot, find an empty spot, read signs to confirm it’s valid and park,” Musk tweeted late Wednesday. The electric carmaker’s “Autopilot” feature also uses software and hardware to enable automatic steering, braking, accelerating and lane changing under certain conditions.

India’s digital journey to accelerate with stronger safeguards: UIDAI CEO

Nov 4, 2018 | Indian News, Risk Management, Technology

The Supreme Court had in a landmark verdict in September restricted the use of Aadhaar authentication by private entities in the absence of a legal provision, but allowed its mandatory use for welfare schemes, filing of Income Tax (IT) returns and allotment of Permanent Account Number (PAN).

Private messages of 120 mn Facebook users hacked, says BBC report

Nov 3, 2018 | International News, Risk Management, Technology

Several users whose details have been compromised were based in Ukraine and Russia but some were also from the UK, US, Brazil and elsewhere, the report said on Friday.

Blockchain technology brings crop insurance to paddy field farmers

Nov 3, 2018 | Facts, Intermediaries, Technology

Aon, Etherisc and Oxfam in Sri Lanka collaborate to give thousands of Sri Lankan small holder farmers access to blockchain-enabled micro-insurance/A major barrier to entry for farmers is a lack of affordable and reliable insurance products, and understanding about how insurance will help them survive and when it will pay out. By leveraging blockchain technology it is intended to automate parametric insurance products, transforming and simplifying the claims process to the point that the farmer would not need to submit a claim and the insurer would not need to send a claims adjuster in the field.