Technology

numo is a fintech incubator and independent subsidiary of PNC, based in the heart of East Liberty’s fast-growing tech scene. As a new model for corporate-backed innovation and entrepreneurship, numo’s goal is to build impactful fintech products and spin them off into world-class companies. The company uses human-centered design research and emerging technologies to solve problems in the financial services industry. Products range in type and target—from consumer solutions to enterprise platforms. Highlights in numo’s portfolio include: indi, a smart banking app designed to address challenges that are unique to independent workers in today’s gig economy; and Chart, enterprise software that helps real estate developers and brands understand the value of their retail space and predict what’s ahead in an ever-changing, omnichannel world. … [Read more...] about Eye On Technology: numo

After two successful editions, Transforming Education Conference for Humanity (TECH) 2019 conducted their third edition at Hotel Novotel. The three-day conference that commenced on Tuesday was packed with sessions from academicians and entrepreneurs. Apart from that the conference also had stalls put up by start-ups from across the country that are related to technology and artificial intelligence. Specially crafted games The venue had over 13 stalls that brought together the advancements in technology and their application in education. Happy Adda, a Bengaluru-based startup, helped children learn the basics of English and application of numbers through games that can be downloaded on smartphones and tablets. The app that is available for free on Google Play aims to help children build cognitive skills in a fun way. “Technology is changing the world around us and it is essential that we adapt to the changes and use it as an advantage. Learning need not essentially be a boring … [Read more...] about TECH 2019: stalls related to technology, artificial intelligence a big draw

NEW DELHI: A parliamentary panel has sought regular recruitment and use of technology to improve efficacy and efficiency of Ministry of Statistics and Programme Implementation (MOSPI). The panel in its earlier reports has pointed out the issue pertaining to the shortage of manpower in the ministry and its various filed offices. "Ministry should carry out regular recruitment of qualified/trained staff for this purpose. It should not compromise in any manner on the quality of statistical staff at the field level, so that the credibility of the whole process is not jeopardized," the Parliamentary Standing Committee on Finance said in its report on MOSPI tabled in the Lok Sabha on Tuesday. The report further said appropriate IT systems may also be considered to improve efficiency and reduce manpower needs. The panel was of the view that MOSPI has resorted to a hybrid model where the core statistical activities and supervision thereof are undertaken by available in-house expertise, … [Read more...] about Parliamentary panel for regular recruitment, use of technology by MOSPI

NEW DELHI: The Environment Ministry said on Monday a committee of experts would be formed to look into the technological advances, including application of satellite-based measurement, to improve air quality and reduce pollution. Every winter smog causes deterioration of air quality, raising the pollution to dangerous levels in the national capital. The ministry said a meeting with expert institutions was held to discuss the application of advanced technologies to deal with the rising air pollution and improve the overall air quality management framework. "An expert group will be constituted, which will provide its recommendation in a month's time on early warning system, including dissemination protocol and application of satellite-based measurement for improving air quality information and management," the ministry said in a statement. "The Department of Science and Technology will take lead on technology interventions for possible use before the onset of winter. They should … [Read more...] about Expert panel will be set up to use advanced technology to deal with air pollution: Environment Ministry

Some Indian companies have already begun providing financial services through blockchain technology, a digital platform secured by cryptography, amid an ongoing debate on the usage of cryptocurrency. Bajaj Finserv, the holding company of Bajaj Group's NBFC and insurance firms, is using blockchain technology for services like travel insurance, for settling claims even before it is registered by the customer concerned. "We are using blockchain technology to improve customer service," Bajaj Finserv Managing Director Sanjiv Bajaj said today, on the sidelines of Financial Markets Conclave organised by the Bengal Chamber of Commerce. Citing an example, Bajaj said in case of flight delays, the information comes to the system and the claim amount is automatically generated and paid. He, however, said blockchain technology was closely monitored, and the company is keeping a watch on regulatory guidance regarding the usage of cryptocurrency in the country. Electrical equipment manufacturer … [Read more...] about Indian companies using blockchain technology to better services