New-age stock brokers which are offering trading services at near-zero costs, are changing the old order at a fast pace, on the back of the rapid adoption of technology in India’s banking and financial services space. Bangalore-based tech-driven, low-cost brokerage house Zerodha, started by a former trader nearly eight years ago, has replaced giants like […]
Ahead of elections, Facebook to ramp up ‘integrity efforts’ in India
With just four months left for India to go for general elections, Facebook is looking to “ramp up its integrity efforts” in the country. This will include imminent appointment of key personnel, increased advertising transparency, and implementing its learnings from the recently concluded elections in Brazil, the United States (Congress and Senate midterms), Bangladesh, and […]
RBI’s new directive likely to ease and secure card payments
The Reserve Bank of India’s latest directive on tokenisation services for card payments could open a new frontier for digital payments, expand ease of use and make card payments safer, said industry executives. On Tuesday, the central bank had said that card companies would be allowed to offer tokenisation services to third-party service providers as […]
Telcos, Paytm & Sharechat for lawful interception of messages on OTT services
India’s top telecom operators, including Reliance Jio Infocomm, and startups such as Paytm and ShareChat favour the lawful interception of messages on internet applications and services, saying it is critical for investigating criminal, anti-national and anti-social activities. Responding to the telecom regulator’s consultation paper on regulating over-the-top (OTT) service providers such as WhatsApp, Jio and […]
AT&T’s Conversion to Virtualization, Software Control On Track
News AT&T’s Conversion to Virtualization, Software Control On Track By David Ramel 01/09/2019 AT&T jumped on the software-centric networking bandwagon in a big way by aiming to virtualize and “software control” 75 percent of its core network operations by 2020, and today it announced that plan is on track. “In 2018, we reached the 65 […]
Samsung users fail to delete Facebook, tech giant blames pre-installed app
By Sarah Frier Nick Winke, a photographer in the Pacific northwest, was perusing internet forums when he came across a complaint that alarmed him: On certain Samsung Electronics Co. smartphones, users aren’t allowed to delete the Facebook app. Winke bought his Samsung Galaxy S8, an Android-based device that comes with Facebook’s social network already installed, […]
Amazon India admits to data breach affecting its sellers
By Alnoor Peermohamed Amazon India admitted that it faced a technical glitch on Sunday, which exposed the tax reports of some of its sellers to others. The company said this affected a minuscule number of the 400,000 sellers on its platform, and that the issue was rectified soon after sellers flagged it. “On Sunday, some […]
OYO debuts OYO Home in Dubai
Hospitality firm OYO has launched its home management service, OYO Home, in Dubai as it plans to introduce the category to other emirates in the UAE. Starting with 40 homes in the Dubai, the hospitality chain plans to ramp up the footprint to 200 homes in next six months, OYO said in a statement. The […]
Payments technology trends to watch out for in 2019
By TR Ramachandran, Visa As we head into 2019, all signs point towards a more digital future for the world of payments. More so for India, a market that has over recent years emerged as a global payment innovation hotbed. Intense competition and innovative payment solutions have been on the rise, all for a share […]
VCs plowed a record $9.3 billion into AI startups last year
By Lizette Chapman Artificial intelligence was a no-brainer bet for humans in 2018. Venture capital funding of AI companies soared 72 percent last year, hitting a record $9.3 billion, according to a new report from PwC and CB Insights. The surge comes after three years of steadily increasing investment, with the average annual increase from […]