Following the recent major cyber incidents The Australian Prudential and Regulation Authority (APRA) has announced that it will be acting against Medibank Private following a review of a major cyber incident that occurred in October 2022. The action comes after APRA examined the incident and identified weaknesses in Medibank’s information…
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MAS is is taking significant steps to ensure the safe and efficient development Singapore’s Monetary Authority, in collaboration with the Bank for International Settlements’ Committee on Payments and Market Infrastructure, has released a comprehensive report outlining a framework for the design of open and interoperable networks for digital assets. The…
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Tesla’s entry will compel existing EV manufacturers to re-evaluate their vehicle offerings GlobalData, a leading data and analytics company, states that Tesla’s long-awaited entry into the Indian automotive market is gaining momentum. Elon Musk’s recent statement following his meeting with Indian Prime Minister Narendra Modi during the latter’s US visit…
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The UK’s trade prospects remain lackluster due to slow economies in major trading partners GlobalData, a leading data and analytics company, predicts that the United Kingdom’s economy is set to experience a marginal growth of 0.1 per cent in 2023. This upturn is attributed to several factors, including lower energy…
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Pioneering API prototypes for Central Bank digital currencies In a significant stride towards the future of digital currencies, UST, a leading digital transformation solutions company, has emerged as a key innovation vendor for Project Rosalind. This ground-breaking experiment, initiated by the Bank for International Settlements (BIS) and the Bank of…
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The collab will leverage their data science resources Visa, a global leader in digital payments, and Hyundai Card, a prominent credit card company based in Korea, have announced a strategic business partnership aimed at exploring collaboration opportunities in utilizing payments data to develop insights and drive value. The partnership was…
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Health-conscious Indians are becoming more mindful of their sugar and calorie intake The COVID-19 pandemic has sparked a heightened focus on food safety and hygiene among consumers worldwide. In India, this trend, coupled with concerns about short shelf-life, is projected to create significant growth opportunities for packaged street-selling juices. According…
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The rebound in wearable device shipments underscores the resilience of the market After experiencing its first-ever decline in 2022, the worldwide shipments of wearable devices are projected to bounce back in 2023, reaching a total of 504.1 million units, according to the latest data from the International Data Corporation (IDC)…
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Despite the decline China VC remains a force in global market The China venture capital (VC) funding landscape experienced a decline in both deal volume and value during January to May 2023 compared to the previous year, attributed to geopolitical tensions and recession concerns. However, China remains a dominant player…
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Real-time analysis enables businesses to optimize customer relationships ThroughPut Inc., the Industrial AI Supply Chain pioneer, has announced the integration of advanced customer segmentation capabilities into its platform, aimed at empowering businesses to plan, manage, and fulfill demand more effectively. By leveraging artificial intelligence (AI) technology, ThroughPut enables companies to…
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