How Blockchain and AI Are Redefining Payment Systems for Banks and Customers
Making payment for purchases is undergoing a transformation and it is driven by the relentless pursuit of convenience, security and speed. Digital payments are rising and projected to hit $11.53 trillion globally in 2024. It is more fascinating how technologies like blockchain and artificial intelligence (AI) are redefining the payment systems. The rise of contactless […]
Your Online Activity Is Powering AI, Here’s What You Can Do to Stop It
Artificial intelligence (AI) is gradually becoming more embedded in our daily lives and the insatiable hunger of the tech industry for data has reached new heights. AI-powered search engines, chatbots, smart email tools and more such systems rely on massive datasets to learn and improve. A large portion of the data is being extracted from […]
Indian Streaming Giant Loco Sells Majority Stake to Redwood, Eyes International Markets
Indian game streaming platform Loco has sold a majority stake to UAE-based investment firm Redwood. The deal was worth $65 million and the investment is a strategic shift for the startup as it is seeking for international markets. The development comes amid Loco facing challenges in its home market. It is gradually becoming difficult for Indian […]
CAG to Build AI for Speedier, More Accurate Audit Reports
The Comptroller and Auditor General (CAG) of India lately announced plans to develop an Artificial Intelligence (AI) system for audit reports. It will be an important change in public audits segment. Using AI in the audit process makes sense and it is important for the CAG to handle the increasing complexity of financial oversight. Public […]
Zoho Reports 31% Growth, Debuts Vikra and Zoho IoT at Zoholics
The recent announcement of Zoho Corp related to 31% growth in its Indian customer base last year reflects its strong foothold. Zoholics India conference showcased its ability to push boundaries further. It debuted two key products named Vikra and Zoho IoT. It is clear message by the Chennai-based tech giant that it is catering to […]
Zomato-Backed AdOnMo Raises $25 Million to Fuel AdTech Growth
AdOnMo comes from the stable of Zomato. It is an adtech startup and has lately secured $25 million in a funding round led by Rigel Capital and Sinar Mas. It aims to disrupt the outdoor advertising through its data-driven hyperlocal advertising model. The startup was founded by Sravanth and Sandeep Bommireddi in 2017 and since […]
Blockchain-Based Climate Startup Coral Raises $3 Million for Carbon Emissions Management
The recent $3 million pre-seed funding raised by blockchain and AI-powered climate tech startup Coral signals an important moment in the carbon emissions management segment. Solutions promising transparency, efficiency and scalability are highly sought over. Coral seems to be positioning itself as a frontrunner in the space. Use of blockchain for carbon credit traceability is […]
Scope Targets Fintech and Gaming Startups with $50 Million Early-Stage Fund
Scope has launched a $50 million venture capital fund and it is aimed at early-stage startups in the fintech and gaming industries. It is under the investment banking arm SCOPE VC and reflects a broader strategy to tab into two industries which are believed to witness significant growth in India and the U.S. Fintech in […]
Amazon Web Services to Boost Indian Public Sector Banks with Cloud Solutions
Amazon Web Services (AWS) has been lately selected to provide cloud computing solutions to the Public Sector Bank Alliance (PSBA) in India. This means that 12 major public sector banks including SBI, PNB and Bank of Baroda can now adopt AWS cloud technology. The public sector banks in India have lagged behind their private counterparts […]
SSD Technology: No Defragmentation Needed
Solid-state drives are an integral part of modern computing and gaming. They offer dramatic improvements over HDDs without the need for defragmentation. When HDDs were in their prime, defragmentation was necessary for maintenance. SSDs not only do not require defragmentation, but it can be harmful to their function. Understanding the driving technology behind SSDs and […]