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Category: finance – Page 145

New methods to counter attack fraud.

“We have introduced the possibility of using blockchain technology to create a seamless and continued global process for the KP certification scheme,” he said.

Blockchain is one of the most significant elements of the revolution in financial technology – fintech – that has been enthusiastically adopted by the UAE. Both Dubai and Abu Dhabi are setting up centres of excellence in fintech.

Mr bin Sulayem has already had meetings with Dubai’s Blockchain Council and is working on a pilot project that would use the technology to monitor KP statistics.

Continue reading “UAE considers blockchain technology to prevent global trade of ‘conflict diamonds’” | >

A few weeks ago, up to 40 people from the Yamal Peninsula in Siberia were hospitalized after a heatwave thawed permafrost, releasing a “zombie outbreak” of anthrax. Now, the Siberian Times reports that experts fear the thawing could spell the return of the eradicated smallpox virus.

During the 1800s, there were repeated outbreaks of smallpox in a small Siberian town, with hundreds of bodies buried near the banks of the Kolyma River. Some 120 years later, this summer’s heatwave has been melting the permafrost surrounding the town at a rate three times faster than usual. This has increased water levels in the river and is subsequently eroding away its banks where the bodies are buried.

While the risk at the moment is low, and with scientists aware of the issue for some time now, the current troubles of permafrost around the site and the Kolyma River are ringing alarms.

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This is why tech must never leave their eye off their companies, innovation, and future; unlike China many in big tech have become bogged down in US Politics, etc. instead of their own competitive landscape something that many industry leaders learned many decades ago. Granted, you must always be concern over regulations, etc.; however, some in tech went further than that by acting in some cases like they’re running for office meanwhile their competitors flourish and don’t bother themselves with background noise.

As the old saying goes “never mix politics and religion in the work place” and this is why. Now, both China and Russia are challenging US tech like never before because of tech’s own distractions outside their companies. And, yes some may say it is tied to the S. China Sea; however, that is just one of many excuses which is not the real reason behind the drop of Apple, Uber, etc. Frankly China is showing the world they are serious in their own commitment to dominate tech taking the title from the US. I suggest companies wake up and focus on what they do best which is tech not government politics. Want to be a politician then please resign and run for government office; and let others who are passionate about tech run tech.

The Chinese government has launched a $30bn venture capital fund aimed at upgrading technology in the country’s ailing industrial sector, a move reminiscent of Singapore’s state investment playbook. Led by big banks and government holding companies.

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In this video, D-Wave Systems Founder Eric Ladizinsky presents: The Coming Quantum Computing Revolution.

“Despite the incredible power of today’s supercomputers, there are many complex computing problems that can’t be addressed by conventional systems. Our need to better understand everything, from the universe to our own DNA, leads us to seek new approaches to answer the most difficult questions. While we are only at the beginning of this journey, quantum computing has the potential to help solve some of the most complex technical, commercial, scientific, and national defense problems that organizations face. We expect that quantum computing will lead to breakthroughs in science, engineering, modeling and simulation, financial analysis, optimization, logistics, and national defense applications.”

Eric Ladizinsky is a senior scientific management executive with a strong background in physics, engineering, materials, manufacturing and team building. Mr. Ladizinsky leads D-Wave’s technical effort to develop the superconducting integrated circuit fabrication process and is often called upon to evangelize on all aspects of quantum computing. At Northrop Grumman Space Technology (formerly TRW, Inc.), he ran a multi-million dollar DARPA program in Quantum Computing using superconducting integrated circuit technology. Mr. Ladizinsky has a BSc. Physics and Mathematics degree from the University of California, Los Angeles and is an Adjunct Professor of Physics at Loyola Marymount University.

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Innovation is all the buzz in Asia. Australia, China, Korea, Vietnam, and now lets look at India.

Personally, I believe there is great potential in India for some amazing innovations. Just look at their own historical sites and artifacts, art, etc.; no one can claim creativity, imagination, etc. does not exist. And, not to mention the engineering feats that have been proven by India many times.

India has moved 16 rungs up the global ranking for innovation in 2016, as compared to 2015, but still remains a lowly 66th, well below Malaysia and Vietnam, leave alone China in the middle-income category and far below countries like South Korea and Japan, and other high-income innovation hubs like Switzerland, the US, the UK and Singapore. What can be done to make India a hub of innovation? Improve the quality of education across all levels. A technology policy that incentivises genuine R&D is required. Ease of entry and exit of firms, competition, a vibrant financial sector that allocates capital to new profit potential, a culture of entrepreneurship and an end to failure-shaming would help. The least obvious requirement is political empowerment of the common man.

Close on the heels of the release of the ranking comes the news that India has got one more unicorn, a startup with a valuation in excess of $1billion, with fresh investment in Hike, a messenger app from the Bharti stable, valuing the company at $1.4 billion. This is a welcome development, and testimony to innovation at work in India. However, compared to what WeChat, a Chinese app that brings many functionalities together including payments and messages that expire, Indian innovation looks limited. Huge research and development expenditure by global majors in their units in India has helped raise the country’s ranking in the global index. But this only means Indian brawn working to bring foreigners’ innovation to fruition, for the most part.

Continue reading “How to make India an innovation hub” | >

For Sale: A Scylex malware Kit please contact your nearest Dark Web for details.

Experts from Heimdal security firm discovered a new crimeware kit, the Scylex malware kit, that aims to provide Zeus-grade Capabilities.

Security experts from the Heimdal security firm have discovered a new DIY financial crime kit offered for sale on a notorious malicious hacker forum on the dark web called Lampeduza.

The new crime kit, dubbed Scylex malware kit, allows cyber criminals to roll their own ZeuS-like malware. The malware implements the features of common banking trojan, such as stealing online banking passwords, intercept web traffic and of course establish a backdoor on the infected Windows-based machine.

Continue reading “Scylex malware Kit offered for sale in the criminal underground” | >

Like this article; there is 2 more pieces missing from the roadmap for 2010 & beyond and that is Biocomputing & Singularity. Biocomputing will provide the financial industry (banks, trading firms, accounting & audit firms, bond insurers, etc.) the ability to expand information/ data storage and transmission capacities like we have never see before just look at what Microsoft, Google, Amazon, etc. have done with DNA storage. And, the much loved Singularity enables boosting of knowledge and insights as well as more mobility and access to information as they need it. BTW — Biometrics is NOT the same as Biocomputing; biocomputing goes well beyond security/ identity management.

The influential non-profit rates these technologies alongside the PC, the internet, and smartphones in terms of their potential to transform financial…

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