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Indian
RBI may extend Sept 30 deadline for exchanging Rs 2000 currency notes, ID and form not needed to exchange
On why there was a deadline for exchanging these notes when they...
India has worked on availability, accessibility and affordability of healthcare: PM Modi
Narendra Modi,Prime Minister Be it the world’s biggest health...
HDFC Pension Management company crosses Rs 50,000 crore assets
``The superior returns, attractive tax benefits, and low charges...
Public sector banks’ total profit crosses Rs 1 lakh crore-mark in FY23
From posting a total net loss of Rs 85,390 crore in 2017-18, the...
International
China’s coming data laws puzzles firms with more questions than answers
The data security law, which goes into effect on Sept. 1, requires all companies in China to classify the data they handle into several categories and governs how such data is stored and transferred to other parties.
Key categories include “national core data” and “important data”, for which mishandling could carry a penalties of up to 10 million yuan or even a criminal charge. But the government has not yet provided definitions for these or given further details on what type of data may fall into which category, lawyers say.
The world economy’s supply chain problem keeps getting worse
The cost of sending a container from Asia to Europe is about 10 times higher than in May 2020, while the cost from Shanghai to Los Angeles has grown more than sixfold, according to the Drewry World Container Index. The global supply chain has become so fragile that a single, small accident “could easily have its effects compounded,” HSBC Holdings PLC. said in a note.
Millions of Microsoft-stored data records mistakenly exposed
Among the 47 affected organizations were American Airlines, Ford, JB Hunt and public agencies such as the Maryland Department of Health and New York City’s public transit system.
They all used a Microsoft product called Power Apps, which allows for the creation of websites and mobile apps to interact with the public.
Munich Re unveils predictive technology for life insurers
ALLFINANZ Predictor allows clients to seamlessly deploy cutting edge predictive modelling technology into their underwriting process.
Tobias Frenz, Head of Digital Solutions Life & Health, Asia Pacific, Middle East and Africa for Munich Re said: “The co-creation of model development by Munich Re’s AI and Analytics team, and deployment with ALLFINANZ Predictor, has led to the successful launch of the first comprehensive predictive underwriting solutions for life and health insurance in Asia Pacific. This marks the beginning of a new era in underwriting using AI, rules and data to fundamentally transform the onboarding experience.”
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