News That Matters

Tag: using

Mallya case: ED using fugitive law may hit lenders' prospects

Mallya case: ED using fugitive law may hit lenders' prospects

Finance
The Enforcement Directorate (ED) may use the latest weapon in its armoury — the Fugitive Economic Offenders Ordinance — to deal with Vijay Mallya, a move that could hurt lenders’ efforts to recover dues from the businessman who fled the country more than two years ago. ED sources said the new fugitive law gives precedence to state dues over any claims under civil cases, including Mallya’s application to the Karnataka High Court seeking permission to repay banks by selling his assets seized by the agency that probes money-laundering cases. Indian banks are working closely with UK authorities to recover the maximum out of the assets owned by Mallya, after a British court allowed them to search and seize his properties. They are worried because the ED could stake claim on Mallya’s
SBI, other banks using AI big time to improve efficiency, cut costs

SBI, other banks using AI big time to improve efficiency, cut costs

Finance
NEW DELHI: Indian banks, including state-owned SBI and Bank of Baroda, have started deploying artificial intelligence (AI) in a big way to improve efficiency, detect human behaviour and reduce operational costs. State Bank of India, the India's largest lender, has SBI Intelligent Assistant (SIA) -- a smart chat assistant, evolved from the "cutting edge technology of artificial intelligence, that efficiently resolves queries of NRI customers, similar to that of a bank representative. "It provides instant solutions on everyday banking queries in the chat box on the SBI portal," the state-run lender said. The bank is also in the process of instituting an 'Innovation Centre' that will explore how emerging technologies such as AI and Robotic Process Automation (RPA) can help in making intern...
When using a robo-advisor is, or isn't, the right choice for investors

When using a robo-advisor is, or isn't, the right choice for investors

Finance
Whether you use Siri, rely on Alexa or have a Roomba, there's no escaping the fact that robots are part of our daily lives now. It's not a bad thing that we can automate some of life's most mundane, tedious tasks. Did you know that you could also get robots to help you with your finances? Whether they look like Silicon Valley tech start-ups or they're owned by old-school, traditional financial firms, robo-advisors have joined the mainstream. They are an appealing investment solution, especially if you're new to investing and don't know where to start. Before deciding to use an automated investment solution, you should consid...
Workers banned from using USB sticks at IBM

Workers banned from using USB sticks at IBM

Technology
Staff at IBM have been banned from using removable memory devices such as USB sticks, SD cards and flash drives.The possibility of "financial and reputational" damage if staff lost or misused the devices prompted the decision, reported The Register.Instead, IBM staff who need to move data around will be encouraged to do so via an internal network.The decree banning removable storage acknowledges that complying with it could be "disruptive".Losing dataIBM staff were told about the policy in an advisory from Shamla Naidoo, the company's global chief security officer.Some IBM departments had been banned from using removable portable media for some time, said Ms Naidoo, but now the decree was being implemented worldwide. IBM staff ar...
Teens using e-cigarettes show evidence of same toxic chemicals as smokers: Study

Teens using e-cigarettes show evidence of same toxic chemicals as smokers: Study

Health
Using e-cigarettes has been promoted as a way to help adult smokers cut back or quit smoking, or at least to minimize the health damage that smoking causes. Teens, even middle schoolers, have taken up e-cigarettes as well. But as researchers continue to study their safety, a new report in Pediatrics shows vaping could lead to the presence of concerning levels of toxic chemicals. Almost 100 teens from the San Francisco Bay area were examined in the University of California-San Francisco study: 67 teens used e-cigarettes only, 16 used both e-cigarettes and conventional cigarettes and 20 didn't smoke or vape at all. Urine and salivary gland testing looked for breakdown products of toxic chemicals that have been associated with cancer -- and found them in both smokers and vapers -- but not ...