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RBI issues guidelines for tokenisation of card transactions

by AIP Online Bureau | Jan 8, 2019 | Indian News, Regulation, Risk Management, Technology

  Mumbai:  Reserve Bank of India released guidelines on tokenisation for various card transactions, including from debit and credit cards.   Tokenisation, which aims at improving safety and security of the payment system, refers to replacement of actual...

Long way before AI systems take over humans jobs: Study

by AIP Online Bureau | Jan 8, 2019 | Facts, Risk Management, Technology, Trends, Facts

  Artificial intelligence (AI) systems have a long way to go before they can take over tasks and jobs traditionally performed by people, say scientists who highlighted the severe limitations of deep learning computer networks.  Researchers at university of...

Swiss Re launches FLOW, insurance for companies exposed to high or low water levels

by AIP Online Bureau | Jan 8, 2019 | International News, Non-Life, Reinsurance, Risk Management

  Zurich: Swiss Re Corporate Solutions expands its Innovative Risk Solutions offering by launching FLOW, the parametric water-level insurance. The new index-based product is designed to protect companies in Europe from the financial impact of high or low river...

Colossal erosion transformed ancient Earth’s surface: Study

by AIP Online Bureau | Jan 8, 2019 | Facts, Risk Management, Trends, Facts

  Earth's surface experienced the largest crustal erosion event in its history about 700 million years ago, paving the way for animal life to develop, according to a study.   Scientists, including those from the University of Southampton in the UK, found...

RBI sets up panel under Nandan Nilekani to boost digital payments

by AIP Online Bureau | Jan 8, 2019 | Indian News, Regulation, Risk Management, Technology

  Mumbai: The Reserve Bank of India (RBI) on Tuesday constituted a high-level committee under Aadhaar architect Nandan Nilekani to suggest measures to strengthen the safety and security of digital payments in the country. The five-member panel has been...
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