Technology

Trov and Sompo partner to expand global mobility solutions

International News       Dec 12, 2019

  SAN FRANCISCO: Trov, a global leader in insurance technology, is announcing a partnership with Sompo Holdings to launch Mobility Solutions, a new Powered by Trov collaboration that expands the company's mobility footprint to Asia. By combining Trov's Mobility Insurance Platform with Sompo's extensive local market...

AXA XL announces Collaboration with Slice Labs and Microsoft to Improve Cyber Risk Management

International News       Dec 12, 2019

  NEW YORK: AXA XL, the P&C and Specialty Risk Division of global insurer AXA, Slice Labs Inc. (Slice), the leader of on-demand insurance cloud technology, and Microsoft will work together to help improve cyber health and mitigate risks for Microsoft 365 Business, Office 365 Business...

Swiss health startup dacadoo secures funding for its global growth

International News       Dec 12, 2019

  Zurich: The Swiss health technology and insurtech company dacadoo completed its C-round capital increase to secure funding for its global growth strategy. Over the past few years, the company has now raised total funding of 70 million Swiss Francs.   dacadoo develops technology solutions for digital...

Big tech may be required to share customer data with financial firms

International News       Dec 09, 2019

  Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition.   As Facebook’s plan for its Libra “stablecoin” faces scrutiny, a global body of regulators from the world’s main...

500 electric cabs to hit Delhi roads this month to combat air pollution

Indian News       Dec 09, 2019

  New Delhi: A city-based start-up plans to come up with a fleet of electric vehicle cabs across Delhi-National Capital Region this month to combat air pollution. 'Prakriti E-Mobility Private Limited' will introduce 500 electric vehicles in the first phase and hopes to touch the 5,000-mark...

Robots in finance could wipe out some of its highest-paying jobs

Blog       Dec 07, 2019

  Robots have replaced thousands of routine jobs on Wall Street. Now, they’re coming for higher-ups.   That’s the contention of Marcos Lopez de Prado, a Cornell University professor and the former head of machine learning at AQR Capital Management LLC, who testified in Washington on Friday...

India ranks 73rd in UN index assessing e-commerce readiness

Facts       Dec 04, 2019

  India has ranked 73rd out of 152 countries in a business-to-consumer E-commerce index that measures an economy's preparedness to support online shopping, moving seven places up in the list.   The United Nations Conference on Trade and Development's Business-to-Consumer (B2C) E-commerce Index 2019 has been topped...

HSBC to shift $20 billion worth of assets to Blockchain-Based platform

International News       Dec 03, 2019

London: HSBC aims to shift $20 billion worth of assets to a new blockchain-based custody platform by March, in one of the biggest deployments yet of the widely hyped but still unproven technology by a global bank.   The platform, known as Digital Vault, will give...

IndiGo asks pilots to stop pushing Airbus engines to limit after shutdowns

Indian News       Dec 03, 2019

New Delhi: IndiGo has told its pilots to stop pushing engines on its new Airbus SE jets to the limit when the planes are climbing, after India’s aviation regulator said the practice may have contributed to turbines failing in the air.   All the budget airline’s...

LIC removes convenience fee on credit card payments

Indian News       Dec 02, 2019

  Mumbai: As a fillip to our ongoing support for digital transactions Life Insurance Corporation of India announces waiver of convenience fee on Credit Card transactions initiated by policy holders for payment of renewal premium, advance premium, repayment of loan and loan interest with effect from...

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