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

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).

PNB MetLife gets Sebi’s go-ahead for IPO

According to the draft papers, the company IPO will put up 49,58,98,076 shares for sale, worth 24.64 per cent stake dilution.PNB will offer up to 8,04,95,242 shares in the IPO, while Metlife International Holdings LLC will offload 12,90,36,281 stocks.

Insurers can’t reject health claims after eight years of continuous renewals: IRDA Panel

The panel has recommended that all health conditions acquired after policy inception, other than those that are not covered under the policy contract (such as Infertility and Maternity) should be covered under the policy and cannot be permanently excluded. Thus, exclusion of diseases contracted after taking the health insurance policy such as for Alzheimer’s disease, Parkinson’s disease, AIDs/HIV infection, Morbid obesity, etc.cannot be permitted.

Delhi HC directs e-commerce site to ensure products for sale on portal are not counterfeits

“In the world of e-commerce, intellectual property (IP) owners face challenging times. This is because sellers of counterfeit or infringing products seek shelter behind the platform’s legitimacy.Moreover, if the sellers themselves are located on foreign shores and the trade mark owner cannot exercise any remedy against the seller who is selling counterfeits on the e-commerce platform, then the trade mark owner cannot be left remediless,” the court said.

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