Digital lenders increasing spending on data security tech: Report

Digital lenders increasing spending on data security tech: Report







Digital lenders are bumping up spending on technology to prevent cybercrimes and protect customer data as their services become popular, ‘Financial Express’ (FE) reported.


The (RBI), in guidelines issued in 2022, asked banks and non-banking lenders to ensure compliance with various technology standards related to cybersecurity, the report added.


“Data will be the new gold for next generation. So, it is super important to ensure that it is protected because now people are more conscious about data sharing,” Credit Wise Capital founder Aalesh Avlani was quoted as saying in the FE report.


“As a fintech, we are responsible for providing loans to people across the country as we are in a consumer-facing business. So, we have to ensure that we are right up there when it comes to ensuring data protection,” he added.


“There are a couple of reasons for this. Firstly, you are in a lending business regulated by the RBI. So, you are under strict watch. You do not want to give the RBI any reason to sniff you out. If a customer takes a loan from us for the first time and there is a breach in data, I have scarred this customer from ever taking a loan from us again,” he said, FE reported.


A recent survey by Association for Consumer Empowerment found that the threat to data privacy and cybercrimes are among the biggest risks for . Both lenders and non-lenders were a part of the survey.


The report added that some lenders have partnered with external entities and ethical hackers to ensure that their data and information technology systems are safe.


“We have started spending significantly on data security, information security and different compliances that we need to adhere to,” said Animesh Sharma, chief technology officer at Indifi Technologies.


His company is “planning to spend Rs 7.5 million next year on information technology”, the report said.


“So far, we have seen a 50% increase in hosting charges, 30% increase in information security compared with last year. We are expecting 50-60% further increase next year in light of compliance with the (guidelines),” Sharma said, according to FE.




Source link

What is Google AI Chatbot Bard? Features and value proposition

What is Google AI Chatbot Bard? Features and value proposition







Google recently released ‘Bard’, an artificial intelligence-drivem chatbot, ostensibly to take on the challenge posed by ChatGPT to its supremacy in online searches.


Microsoft-backed Open AI’s Chat GPT, though still at the prototype stage when it was launched last November, has captured popular mindset for its ability to engage in meaningful and engaging ‘conversations’ with the general enquirer.


While some issues about the accuracy of the disseminated information persist, ChatGPT threatens to disrupt Google’s search model ariculate and detailed responses to queries across domains. It is apparently in response to this threat that Google released the ‘Bard’ in February.


So, will Bard be able to give ChatGPT a run for its money? Let’s take a look at the services and features it has to offer.


What is Google Bard?


Bard is a conversational AI chatbot like Chat GPT, and can respond to text-based questions in a conversational format. Any prompt can spawn human-like responses that are human-like, such as writing an essay, offering travel planning advice, guiding on business models and marketing strategies, and even telling a joke, apart from many other things. Google’s Language Model for Dialogue Applications (LaMDA), which has been under development for several years, powers the AI service. Google Bard provides responses by utilising information obtained from the internet.


At first, it was made available with Google’s lightweight model of LaMDA.


According to Google, this model is smaller and uses less computing power, allowing it to scale to more users and get more feedback. In order to ensure that Bard’s responses meet high standards of quality, safety, and groundedness in real-world data, it aims to combine internal testing with external feedback.


Features of Google Bard


Google Bard’s engine is LaMDA, a language model that Google developed and released in 2021. Its extensive language models power, intelligence, and creativity are combined with the breadth of the world’s knowledge. Then, it uses data from the internet to provide excellent, original responses.


Simply put, the use cases that Google’s Bard shares with ChatGPT are as follows:


• Draws data from the internet in order to present a summary of high-quality responses


• Discusses recent scientific discoveries


• Facilitates skill development for users


• Simplifies complicated subjects and offers articulate responses for the enquirer


Benefits of Google Bard


According to Google CEO Sundar Pichai, ”AI can be of assistance by synthesizing insights for questions for which there is no one right answer.” In light of that statement, let us find out what Google Bard has to offer:


Due to its advanced and multilingual understanding of information, it can identify key moments in videos and provide crucial information, including crisis support, in more languages.


LaMDA, PaLM, Imagen, and MusicLM are making completely new ways for people to interact with information by combining language, images, and audio with video.



By improving our comprehension, Bard AI can more effectively transform information into useful knowledge.


Google bard can be helpful in synthesising insights when there is no one giving the correct answer to a question.


How to access Google Bard?


Google Bard is currently unavailable to the general public and can only be accessed by a small number of users for evaluation and trial purposes. “We’ll combine external feedback with our own internal testing to make sure Bard’s responses meet a high bar for quality and safety in real-world information,” says Pichai.


Limitations of Google Bard


Chatbots and conversational AI have fundamentally changed the development and use of computer software, and also have the potential to reorganise email programs, digital assistants, and search engines. Yet, there are some drawbacks in this space.


A major issue is that of factual errors, as was recently seen in Google Bard’s initial demonstration. The chatbot had responded incorrectly to a question one the brand-new discoveries made by the James Webb Space Telescope, that the enquirer to tell his nine-year-old child about. Bard had wrongly stated it was the first to take pictures of a planet outside the solar system. The first image of an exoplanet was taken in 2004 according to many astronomers. James Webb was launched in 2021.


In order to compete effectively with Chat GPT, Google is now working to improve the quality of Bard’s responses.



Summary: Google Bard is a technology for virtual assistants that can significantly boost productivity and efficiency for both individuals and organisations. Businesses can enhance customer service, boost productivity, and achieve their objectives more effectively by using Google Bard’s benefits.




Source link

Social media platform Instagram to end live shopping feature on March 16

Social media platform Instagram to end live shopping feature on March 16







platform has announced that it will discontinue its live shopping feature, which allows users to tag products in their live broadcasts on March 16.


“Beginning on March 16, 2023, you will no longer be able to tag products in live broadcasts on . This change will help us focus on products and features that provide the most value to our users,” the company said in a support page.


However, users will still be able to set up and run their shops on the platform as the company continues to “invest in shopping experiences for people and businesses across feed, stories, Reels, ads and more.”


The company further mentioned that other live broadcasting features will be unaffected, including the ability to schedule a live broadcast, to invite guests to join your live broadcast and to hold a live Q&A.


Last month, the platform had announced that it will remove the shopping tab from the main bar at the bottom of the screen, starting this month.


The button to create a new post will move down, and the Reels tab, which is currently present in the front and centre on the navigation bar, will replace the Shop tab.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)




Source link

Discord enhances Stage Channel functionality; adds video, screen sharing

Discord enhances Stage Channel functionality; adds video, screen sharing







is already a well-liked communication tool for the communities on YouTube and Twitch, but it is now making its own substantial entry into the sector.


According to The Verge, an American technology news website, for viewers to communicate with hosts and one another, has enhanced its Stage Channels functionality to include video, screen sharing, and text chat.


All desktop and mobile applications for are supported by the upgrade, which is currently available.


Stage Channels, which function similarly to Twitter Spaces or Clubhouse, let users broadcast dialogues between authorised speakers and moderators to a room of virtual listeners, first went live in March 2021.


With this change, Stage Channels, which were previously exclusively available for audio broadcasts, are now more in line with the interactive livestreaming capabilities offered by websites like YouTube or Twitch, reported The Verge.


Any Discord server that has the Community feature activated can broadcast for free with up to 50 participants, which is double the maximum number of viewers currently allowed for video chat in a regular Voice channel.


That cap is increased to 150 people for level two and 300 people for level three Discord servers, respectively.


Even before a broadcast begins, stages will play waiting room music to any new audience members that enter the space. This music isn’t customizable, but thankfully, it can be disabled by selecting the new quaver music symbol button, as per The Verge.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)




Source link

New Nokia smartphone X30 5G with 6.43-inch display launched in India

New Nokia smartphone X30 5G with 6.43-inch display launched in India







HMD Global, the home of phones, on Wednesday announced the launch of the new ‘ X30 5G’ smartphone which features a 6.43-inch 90Hz PureDisplay, in the country.


The new smartphone is available for pre-booking in Cloudy Blue or Ice White colours at a limited period launch price of Rs 48,999 in 8/256 GB memory/storage configuration, the company said in a statement.


It will go on sale exclusively on Amazon and .com from February 20.


“We are delighted to introduce a flagship smartphone that is eco-friendly to its core. Moreover, Nokia X30 5G is our smallest eco-footprint device to date! We continue to strive for greater sustainability with each device,” said Sanmeet Singh Kochhar, Vice President- India & MENA, HMD Global.


The phone features a 50 MP PureView camera clubbed with a 13MP Ultra-Wide camera which uses artificial intelligence (AI) and Optical Image Stabilization (OIS) to capture content in even higher detail.


The X30 5G comes with a 16MP front selfie camera, and is equipped with the Qualcomm Snapdragon 695 processor to optimise the potential of 5G.


“It is protected by a big three years of warranty and delivers 3 OS upgrades. Plus, it’s designed for every-day life, with a robust metal frame and a tough display. The phone comes with IP67 dust protection and water immersion up to 1m for 30 minutes,” the company said.


–IANS


aj/dpb

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)




Source link

OPPO Find N2 Flip foldable phone’s global launch at 8 PM: Watch livestream

OPPO Find N2 Flip foldable phone’s global launch at 8 PM: Watch livestream







Chinese smartphone maker is set to launch the Find N2 Flip, its maiden flip-style foldable smartphone, globally on February 15 at 8 pm (IST). The Find N2 Flip global launch event will livestream on the company’s official YouTube channel. The livestream video has been embedded below as well.


According to OPPO, the Find N2 Flip is a culmination of five years of R&D that will bring together the best in foldable and design to create an inflexion point in the flip phone industry.


“The smartphone sets the standard for flip phones with its minimal, seamless design and compact dimensions that accentuate the largest-ever cover screen on a flip phone. Its bezel-free vertical display presents a large canvas to enable new user experiences, widgets, and a versatile viewfinder for photography enthusiasts to get creative,” said in a statement announcing the global unveiling details.


South Korean electronics maker Samsung is the only smartphone brand in India with a foldable device portfolio. If the OPPO Find N2 Flip arrives in India, it would be the direct competitor to the Samsung Galaxy Z Flip4 smartphone which was launched in the country last year. Samsung has been on the forefront in the foldable smartphone race and it has come a long way adding fineness to its devices. However, both its foldables show creases on the bendable screen that have been pointed out time and again.


Screen is one of the areas where OPPO seems to have upped the efforts and the result would be seen on the OPPO Find N2 Flip. The company said, “…the Find N2 Flip, designed ground up to push the boundaries of foldable phone design, sports an invisible crease for an enhanced user experience.”

OPPO Find N2 Flip global launch event livestream





Source link

YouTube
Instagram
WhatsApp