Page 28 - Tech Process News Today

ThetaRays technology uses artificial intelligence to identify financial cyber threats like money laundering so users can take action against suspicious transactions.

SIDBI is an existing investor in Anicut Capital and has invested in both of its debt funds. The bank had invested Rs 140 crore (about $16.9 million) in Anicuts second debt fund.

The Sebi chairperson admitted that this is a very complex problem requiring intelligence, and added that the algorithm being built will have the essential tools to detect misselling like flagging the case of a 90-year-old being sold the product with a long lock-in period.

Speaking at the Global Fintech Festival 2023 in Mumbai, Asbe also highlighted that NPCI is likely to have payment infrastructure in 50% of the top 30 markets for cross-border transactions, as it provides its payment stack.

​​​In an interview with PTI, Sandhya Devanathan, who took over the leadership role in January this year, said Indias new Digital Personal Data Protection legislation has provided a framework and clarity for tech companies and marks a "great step in balancing user protection with innovation". Meta, she emphasised, "welcomes constructive regulations", and will wait to see the detailed rules.

Dilip Asbe, chief executive officer and managing director of NPCI, said there are 350 million UPI users at present and pegged the growth opportunity in merchants and users at 3 times more.

Huawei unexpectedly unveiled the latest Mate 60 Pro smartphone last week during US Commerce Secretary Gina Raimondos visit in China, as the government readies a new $40-billion investment fund to bolster its developing chip sector.

Flipspaces operates a platform that manages interior designers, product suppliers and contractors for SME clients.

Both companies launched similar products around UPI and tap-and-pay card payments Monday, looking to grab a larger share of the offline payments pie.

The centre at the IIT Madras Research Park campus will focus on research and development (R&D) of products and services used in lasers, optical networking components and systems, EV batteries, and compound semiconductor devices.