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Phi Commerce to manage payment solutions for Reliance Nippon Life Insurance
Omnichannel payment solution provider Phi Commerce will manage...
India becomes world’s third largest solar power generator, overtakes Japan: Report
Solar maintained its status as the world's fastest-growing...
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
Blockchain can add $5 bn to Indian economy in 5 years: Nasscom
Based on the distributed storage of data, Blockchain technology can enhance the speed of transactions while increasing transparency. It is widely recognised as having the potential to transform several sectors of the economy, including banking, financial
XL Catlin to build World’s first On-Demand Cyber Insurance Solution with Slice ICS
According to Greg Hendrick, president of XL Catlin’s Property & Casualty operations, “Slice’s ICS(Insurance Cloud Services) platform gives us the speed to market, scalability, and reliable on-demand experience that will empower our clients to move faster and more confidently knowing digital assets are protected by innovative technology, insurance, and claims processes.”
Companies missing financial impacts of rising IP litigation risks: Willis report
The top three countries for IP litigation are China, the U.S. and Germany. China’s frequency is steadily increasing with the number of IP cases filed doubling between 2013 and 2017
SoftBank plans entry into Insurance & Banking
The service, a collaboration with Indian startup Paytm, will make extensive use of artificial intelligence for mobile payments and other financial services,
Tech Mahindra partners with US-based LIFARS for Cyber Security Platform
“LIFARS and Tech Mahindra’s partnership is aimed at addressing the growing needs of customers to combat the rampantly increasing number of cyber threats, Rajiv Singh, Global Head of Enterprise Security & Risk Management, Tech Mahindra.
Chinese tech firms seek to shake up state-Run health sector with AI and Big Data
Alibaba’s push into healthcare reflects a wider trend in China, where technology firms are racing to shake up a creaking state-run health sector and take a slice of spending that McKinsey & Co estimates will hit $1 trillion by 2020.
Auto Supplier Bosch Teams with Startup Mojio to Connect Vehicles to Digital Services
“By getting access to an incredible amount of [vehicle] data, including very accurate crash detection data with Bosch, we should be able to save lives and make the insurance claims process more effective,” said Mojio Chief Executive Officer Kenny Hawk
Insurtech PolicyBazaar raises over $200 mn investment led by SoftBank
Munish Varma, Partner at SoftBank Investment Advisers, said, “We believe that the Indian insurance market continues to remain massively under-developed and PolicyBazaar, supported by SoftBank’s capital and ecosystem, is uniquely positioned to dramatically increase the adoption of insurance products in the country.”
More than 120 million Indians expected to shop online this year
The study also highlighted a surge in the number of people shopping on smartphones across India with tier II and III cities displaying increased dominance.