-IBM collaborating with the Mohamed Bin Zayed University of Artificial Intelligence, the Government of Kenya and the United Kingdom’s Science and Technology Facilities Council (STFC) Hartree Centre to expand the application of IBM’s geospatial AI technologies to urban heat island mapping, reforestation and climate resiliency in aviation.-IBM and NASA to create a new AI foundation model for weather and climate. IBM (NYSE: IBM) today announced new efforts that apply its geospatial AI technologies, including IBM’s geospatial foundation model developed in collaboration with NASA, to climate efforts including analysis of urban heat islands in the United Arab Emirates (UAE); reforestation across…
Author: TechRay Editor
Only 31 per cent of travellers brought cash to their destinations in 2023, down from 79 per cent in 2020. Travellers are also spending more, with an average of $2,525 per trip – a significant jump from $1,708 in 2020. Asia Pacific travellers prefer using credit, debit and prepaid cards as payment methods when travelling, according to the latest findings from Visa’s latest Global Travel Intentions (GTI) study, underlining consumers’ growing reliance on digital payment methods. The number of travellers bringing cash on their trips has also fallen by 60 per cent post-pandemic, with only 31 per cent of respondents…
Term Structure, a non-custodial fixed-income protocol that provides peer-to-peer, fixed-rate, and fixed-term borrowing and lending in decentralized finance (DeFi), has secured an initial funding of USD 4.25 million in a series seed fundraising round. Cumberland DRW led this round, with participation from Decima Fund, HashKey Capital, Longling Capital, and MZ Web3 Fund. The seed fundraising increases Term Structure’s total funding to over $8 million to date. In speaking about why it led the funding round, Cumberland DRW said, “Fixed income products are a foundational element of traditional financial market structure, and demand for these products in DeFi markets is an…
Comprehensive global payroll services powered by robust technology to elevate organizational productivity and efficiency Deloitte Touche Tohmatsu India LLP has entered a strategic partnership with Ramco Systems Limited, a leading global payroll technology provider. This partnership leverages Ramco’s innovative payroll platform in conjunction with Deloitte’s expert advisory and managed services. Together, they are committed to delivering an all-encompassing payroll solution that ensures operation services, compliance, seamless user experience, and comprehensive coverage spanning 150+ countries, all accessible through a single, unified payroll platform. Highlights of the Partnership: Compliant: Secured and Accurate Managed ServicesExpat CompliancesLast Mile Services Convenient: Global payroll view in…
The first framework to offer a structured approach to implement, measure, and improve interoperability initiatives across capital markets, wealth management, and the broader ecosystem interop.io, the leading interoperability provider for the finance industry, today released its desktop interoperability maturity model. The framework helps capital markets participants, wealth managers, and the broader ecosystem assess and progress desktop interoperability through workflow and UI integration. For end users, the model defines a clear pathway to optimizing business processes, uncovering data-driven insights, and reducing operational risk to be more effective in their day-to-day roles. Developers can expect to reduce development, testing, and release times…
New functionality allows customers to ingest, govern, and share data in near real-time while leveraging the scale and cost-efficiency of a data lake Starburst, the data lake analytics platform, today at AWS re: Invent 2023 announced new capabilities that enable organizations to build and scale game-changing data applications without compromising on performance or cost. With the increasing interest in building artificial intelligence (AI)-driven data applications, customers need to establish a solid data platform. New features in Starburst Galaxy help customers simplify development on the data lake by unifying data ingestion, data governance, and data sharing on a single platform. Interactive applications…
The Ministry of Health in the Kingdom of Bahrain has become the first in the Middle East to acquire and inaugurate the use of the cutting-edge NovaSeqTM X Plus machine for human genome sequencing purposes. The move is part of the Kingdom’s commitment to continue developing therapeutic and diagnostic services in line with the latest global medical advancements, benefiting the health of all. The Chairman of the Supreme Council of Health, Lt. General Dr. Shaikh Mohammed bin Abdulla Al Khalifa, highlighted the ongoing efforts within the National Genome Project, which aims to utilize gene sequencing in adopting effective national health policies…
Reorg, the leading global provider of credit data, analytics and intelligence, announced today it has appointed Jeff Winter as Chief Marketing Officer with immediate effect. Jeff will lead the Reorg global marketing organization and report to the Reorg CEO, Kent Collier. Jeff’s arrival will bring Reorg’s marketing efforts into the next growth phase. He will drive the marketing strategy and its execution – focusing on evolving the brand as Reorg continues to innovate and build on its full credit lifecycle offering for subscribers. Jeff brings a wealth of experience to Reorg, having most recently served as CMO at Duck Creek…
Evolving B2B landscape to grow to over $25 trillion in digital sales by 2030 Merkle, Dentsu’s leading technology-enabled, data-driven customer experience management (CXM) company, has released its new report, B2B Futures: The View From 2030. Merkle’s analysis highlights four seismic shifts it predicts will transform the B2B sector by 2030: the emergence of machine-to-machine commerce, the evolution of global supply chain traceability, the dominance of digital marketplace business models, and radically accelerated speed to market. For machine-to-machine commerce, Merkle expects that over one-third of all B2B commerce will be totally automated – representing $8 trillion in total value. With rapid…
Sumsub’s annual Identity Fraud Report sheds light on the evolving nature of digital fraud and potential trends for businesses and regulations Sumsub, a full-cycle verification platform, today released its third annual Identity Fraud Report. The report revealed that the APAC region has experienced a 1530% surge in deepfake cases from 2022 to 2023, marking it as the second-highest region in this concerning trend. In addition to this insight, the report highlights a growing trend in sophisticated scams and money laundering cases globally, underscoring the necessity to address and combat evolving fraud patterns. Identity Fraud Main Trends and Statistics for 2023 Other…