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GLOBAL NEWS

Bureau and M2P Fintech Partner to Enhance Security for Digital Transactions

To improve security for digital transactions, M2P Fintech, a supplier of digital banking infrastructure, has teamed with Bureau, a fraud prevention an

To improve security for digital transactions, M2P Fintech, a supplier of digital banking infrastructure, has teamed with Bureau, a fraud prevention and identity decisioning platform. This agreement combines M2P Fintechs fraud and risk management solutions with the Bureaus device intelligence and behavioural biometrics. By embracing "inherencebased" transaction authentication, as supported by the Reserve Bank of India, the alliance seeks to go beyond conventional OTP verification techniques. Through proactive user and device authentication, our system improves defences against new fraud trends. By years end, the partnership—already adopted by significant Asian banks—aims to track more than 100 million monthly transactions. Read More..

B2B Tech News | 1 months ago      

HCLTech and Olympus Corporation Expand Partnership to Enhance Healthcare with Advanced Engineering Technologies

Global technology pioneer HCLTech and MedTech behemoth Olympus Corporation are deepening their strategic alliance to improve healthcare with cuttinged

Global technology pioneer HCLTech and MedTech behemoth Olympus Corporation are deepening their strategic alliance to improve healthcare with cuttingedge engineering solutions. HCLTech intends to leverage its AI technologies and engineering experience to expedite Olympus product development. By July 2024, Olympus plans to have a dedicated product innovation centre in Hyderabad, India, to serve its activities in the US, Europe, the Middle East, and Africa. This tenyear collaboration aims to support Olympuss commercial growth and technological innovations in the medical field. Executives from both organisations conveyed optimism that this partnership will spur inventions and enhance healthcare via technology. Read More..

B2B Tech News | 1 months ago      

Apples iPhone Exports Account for 81% of Indias Total iPhone Production Value

Apple Inc. has increased its iPhone exports from India dramatically in the first two months of the current fiscal year FY25, these shipments have exce

Apple Inc. has increased its iPhone exports from India dramatically in the first two months of the current fiscal year FY25, these shipments have exceeded $2 billion, or 81% of the entire value of iPhones produced nationwide. Apples success highlights its dedication to exportoriented production under the productionlinked incentive PLI plan, even if the company declined to comment. The top exporters are Foxconn Hon Hai, Wistron, and Pegatron. With a 40% rise from the previous year, Indias mobile phone exports reached $15.5 billion in FY24 thanks to the boom in iPhone sales, confirming Apples critical position in the countrys electronics export market. Read More..

B2B Tech News | 1 months ago      

Paris Peace Forum Spring Meeting Held in Morocco for the First Time

Being the first Paris forum to be conducted in an African country, the Spring Meeting of the Paris Peace Forum was hosted at the Mohamed VI Polytechni

Being the first Paris forum to be conducted in an African country, the Spring Meeting of the Paris Peace Forum was hosted at the Mohamed VI Polytechnic University in Benguerir, Morocco. Mohammed VI Polytechnic University President Hicham El Habti underlined the significance of adjusting innovations to local settings and the worldwide reach of technology. Nisreen Elsaim emphasised the need to address equity in environmental preservation efforts with her subject of fair transitions, especially concerning energy access in Africa. Amadou Hott emphasised that cooperation between the public and private sectors is essential to fund energy transitions in Africa. The forum culminated in the launch of ATLAS, fostering dialogue and collaboration between Northern and Southern countries and establishing the Global Council for Responsible Transition Minerals, uniting experts for sustainable development initiatives. Read More..

B2B Tech News | 1 months ago      

Russian Foreign Minister Holds Talks with BRICS Counterparts

During the BRICS foreign ministers conference in Nizhny Novgorod, Russia, Russian Foreign Minister Sergey Lavrov held bilateral talks with counterpart

During the BRICS foreign ministers conference in Nizhny Novgorod, Russia, Russian Foreign Minister Sergey Lavrov held bilateral talks with counterparts from Brazil, South Africa, Iran, Laos, Thailand, and Ethiopia. The twoday summit, which takes place on June 10–11, comes before a big BRICS meeting slated to take place in October in Kazan, Russia, during the countrys presidency year. Following the May helicopter disaster that killed Iranian President Ibrahim Raisi and several other officials, Irans Acting Foreign Minister, Ali Bagheri, thanked Lavrov for Russias condolences. Lavrov reaffirmed Moscows backing for Irans will to promote reciprocal cooperation in various areas. Read More..

B2B Tech News | 1 months ago      

EU Plans Additional Tariffs on Chinese Electric Vehicles

According to reports, starting next month, the European Commission would allegedly levy temporary extra duties—possibly as high as 25%—on imported

According to reports, starting next month, the European Commission would allegedly levy temporary extra duties—possibly as high as 25%—on imported Chinese electric automobiles. This action might be between 10% and 25% and is intended to rectify what the Commission considers excessive subsidies for Chinese electric vehicles. China and the EU have not yet responded. Still, this move comes after the US recently increased taxes on Chinese electric vehicles by four times. BYD, Geely, SAIC, and Tesla are impacted firms that have not replied to inquiries. This move comes as cheaper Chinese EVs are posing a threat to European automakers. China has asked for cooperation but has not indicated what steps it could take in response to these tariffs, so its response is still unknown. Read More..

B2B Tech News | 1 months ago      

Italian AI Startup iGenius Seeks €650 Million for Expansion

The Italian firm iGenius wants to expand its generative artificial intelligence AI technology for the public and financial sectors by raising an addit

The Italian firm iGenius wants to expand its generative artificial intelligence AI technology for the public and financial sectors by raising an additional €650 million $698.56 million. The Milanbased startup, founded in 2016, aims to make a name for itself in Europes developing AI market by competing with significant competitors like Germanys DeepL and Frances Mistral. Angel Capital Management and Eurizon, the asset management division of Intesa Sanpaolo, are among the original investors in this investment round, helping iGenius reach unicorn status with a valuation of more than $1 billion. The injection of funding will bolster the companys attempts to develop AI for regulated sectors. With the release of "Italia," an opensource Large Language Model LLM tool customised for the Italian language and culture, iGenius demonstrated previously unheardof levels of linguistic comprehension accuracy. Read More..

B2B Tech News | 1 months ago      

Apple Introduces Private Cloud Compute for PrivacyPreserving AI

With its Private Cloud Compute PCC, Apple has announced a stateoftheart cloud intelligence solution for AI processing that protects privacy. PCC integ

With its Private Cloud Compute PCC, Apple has announced a stateoftheart cloud intelligence solution for AI processing that protects privacy. PCC integrates with the most recent versions of its software, such as iOS 18 and macOS Sequoia, to allow for the cloudbased outsourcing of complicated AI queries while maintaining data privacy. The architecture is supported by code signing and sandboxing techniques, and it includes specially constructed server nodes with Apple hardware, Secure Enclave, and Secure Boot. To protect user privacy, PCC requests are routed through Oblivious HTTP relays, which mask their origin. Apple stresses privacy when connecting with OpenAIs ChatGPT and encourages independent review of PCCs code. With these improvements, Apples ecosystem offers improved WiFi privacy settings and app lockdown, among other privacyrelated features. Read More..

B2B Tech News | 1 months ago