DATA AND DIGITAL SYSTEMS

The government is working with the central bank to catch mule accounts in India’s banking system and prevent fraud. This and more in today’s ETtech Morning Dispatch.

Half of global GDP likely to be digitised by 2025. ​​Every key sector in the country now be it BFSI, healthcare or digital natives is embracing AI.Quantum computing will be the next big technology to watch out for with the impact it can make in fiel...

After facing a grave computer problem last year, NASA's Voyager 1 spacecraft is now fully operational, sending back usable data about interstellar space. The spacecraft, launched in 1977, has been instrumental in transmitting data about outer planet...

During the week, as many as 191 smallcap stocks delivered double digit returns with 13 of them gaining 25% or more. PTC Industries was leading the smallcap pack at 35%, followed by Avantel at 33% and Honda India Power at 30.47%.

The magnitude, scale and speed at which such platforms operate demand ex ante regulation, if the real interests of consumers are to be protected.

The Telecom Regulatory Authority of India (Trai) has suggested charging for telephone numbers due to their finite nature. Despite the potential to increase capacity by adding digits, the growing use of numbers for machine communication poses a chall...

Fight against digital payment frauds: The RBI proposes a digital payments intelligence platform to combat a surge in digital payment frauds. Fraud cases reported to the RBI jumped 300% to 36,000 in FY23 compared to FY22, highlighting the need for a ...

Data centers in western and northern India are facing rising operational costs due to soaring temperatures. Firms like Yotta and CtrlS are using alternative cooling methods and renewable energy, while ESDS reports a 10-12% rise in power costs due to...

A Vienna-based privacy group filed complaints against Meta in 11 European countries over unlawful AI data use. Microsoft announced a $3.2 billion AI investment in Sweden over two years, AMD unveiled new AI chips to challenge Nvidia, and Cisco plans ...

RBI governor Shaktinata Das mentioned that downtime in the UPI payment system is primarily due to weak technology on the banks' side rather than issues from NPCI. The volume of UPI transactions per day exceeds 450 million, with several instances of ...

India has made significant strides in digital transformation over the past nine years, with a 96% reduction in data costs and a 1.4 billion people now having a unique digital identity (Aadhar). This has led to greater access and usage of digital ser...

The amount involved due to fraud in public banks was Rs. 10,507 crores, while private banks incurred losses of Rs. 3,107 crores. The number of frauds due to card and internet transactions shot up more than four times, with 29,000 cases being detecte...

Jocata’s low-code platform is driving the future of enterprise lending and embedded finance, says Prashant Muddu, Managing Director & CEO.

The adtech (advertising technology) and martech (marketing technology) sectors require a unique balance of creativity, business acumen, and technological skills, especially at senior levels. Companies seek professionals with expertise in data analyt...

India aims for self-sufficiency through autarky and atmanirbhar initiatives, focusing on nurturing the 13 markers of 'Viksit Bharat' for a fully digitised economy and sustained growth in various sectors.

Post-pandemic, the focus on Industry 4.0, Circular Value Chains, Autonomy via Edge Computing, and Demand-Driven Digital Supply Chains reshaped global business dynamics. India's leadership in AI, cybersecurity, and sustainable manufacturing practices...

Last year, Wall Street Journal columnist Joanna Stern wrote an article, 'I Cloned Myself With AI. She Fooled My Bank and My Family'. Even though AI Joanna was able to trick the voice biometric system on her credit card, the automated system asked fo...

According to sources familiar with the matter, state-owned banks are preparing to devise a comprehensive strategy and roadmap for implementing generative artificial intelligence (GenAI) systems. Pilot projects are slated for launch within the curren...