What is the Easiest Way to Get Life Insurance Coverage?

Getting life insurance is essential—it shouldn’t feel impossible! Plus, we’re taking a look at ways you can get affordable coverage. 

What is the Easiest Way to Get Life Insurance Coverage?
Looking into purchasing a life insurance policy for the first time? Congratulations! You are taking the first step to protecting your family in the future. Life insurance is far from the most simple or interesting subject, which is why we’re going to be going over some of the basics when it comes to finding the right life insurance policy. Since we all lead such busy lives, we’re going to be focusing on the easiest ways to get life insurance coverage. If you need to get insured and want to get approved as soon as possible, you can follow our instructions. Then, later on we’ll be going over how you can get the coverage you need for the absolute best price. Are you ready to take control of your financial future?

Why Do I Need Life Insurance?

Too many people make the mistake of not purchasing life insurance or purchasing a life insurance policy too late

What is the Easiest Way to Get Life Insurance Coverage?
Your loved ones will rely on your insurance policy in the event of your passing.

To the majority of people in their 20s and 30s, life insurance seems like something you can put off until you’re older. Unfortunately, this is an incorrect assumption. If you are young and healthy, the best time to purchase a life insurance policy is as soon as possible. When you take out a life insurance policy, you are taking steps to provide for your loved ones after you’re gone. Again, this seems like a lot to think about when you’re still young, but stick with us! It is also important to purchase a life insurance policy while you’re young because you can get the best price. As you age, the price of your coverage will increase.

Besides the cost considerations, getting insurance coverage is important to protect your loved ones. If you have children or aging parents that depend on your income, it is imperative you get a life insurance policy as soon as possible. In the event of your untimely passing, your children, parents, and spouse could wind up in financial trouble. It is also beneficial to get life insurance if you have any outstanding college debts. Should you pass away before you can pay off your debt completely, your debt will be transferred to your remaining family members. In order to prevent this from happening, you need to take out a life insurance policy to cover any remaining debts.

Now that we’ve established why it is so important to get life insurance, let’s find out the easiest ways to get coverage.

What is the Easiest Way to Purchase a Life Insurance Policy?

If you need coverage right away, we recommend pursuing no medical exam life insurance or hiring an insurance agent

What is the Easiest Way to Get Life Insurance Coverage?
Getting life insurance coverage might be easier than you think.

For those looking for the easiest possible ways to get coverage, there are two paths you can take. To get started, we’re going to be talking about how you can avoid the most difficult step of the application process—the medical exam.

Getting Life Insurance Without a Medical Exam

The first path we’re going to be discussing is getting life insurance without a medical exam. For a standard life insurance policy—either for term life insurance or permanent life insurance—you will have to undergo a medical exam. The issue with the medical exam is that it prolongs the approval process and can be difficult to schedule. If you lead a very busy life as a parent or someone with a demanding job, scheduling time for a medical exam can seem impossible. On top of that, the medical exam can cause unneeded stress during the application process. Because of this, we’ve found that getting no medical exam life insurance is one of the easiest ways to get coverage.

We should mention that while no medical exam life insurance policies are easier to purchase than other types of insurance, it often comes with a slight cost increase. If you are searching for the cheapest possible option, you will probably want to undergo the medical exam.

Getting Life Insurance Through an Agent

The second option for getting a life insurance policy without much hassle is by hiring a life insurance agent. If you don’t have the time or do not feel comfortable finding the right insurance policy on your own, life insurance agents are there to help you demystify the application process. A life insurance agent will help you get the best price possible for your needs and will make sure that the buying process is as easy as possible.

Hiring a professional will also help you save time! You won’t have to spend time comparing quotes or getting into the fine print of each life insurance option, your agent will take care of it all. Once they have completed their research, they’ll present you with a few policies and guide you through the application process. Since the application process can get complicated, many people are happy to get help when applying for a life insurance policy. Not to mention, a lot of people prefer the peace of mind that comes with hiring an insurance agent. If you begin the application process and have not previously done your research about life insurance before, then you are largely going into the process blind. When you have an expert on your side, the whole process is simplified and requires far less effort on your part.

As we mentioned, these are the easiest ways to get life insurance, but are not necessarily the cheapest. In the next section, we’re going to be looking at the ways that you can access affordable life insurance.

What is the Least Expensive Way to Purchase a Life Insurance Policy?

If you’re looking for life insurance on a budget, keep reading to find out how you can get the most coverage for the best price

What is the Easiest Way to Get Life Insurance Coverage?
You don’t need to break the bank to get life insurance coverage.

When you are looking for life insurance policies, the easiest route isn't always the most cost effective. While avoiding a medical exam makes the application process easier, it can lead to higher monthly premiums. And, while an insurance agent can help you get a good deal, the cost to hire them often outweighs your savings. If you are on the market for the least expensive life insurance policy, you should follow our steps.

Getting a Term Life Insurance Policy

To get started, you need to know which insurance policy types to look for. The least expensive policy type for the vast majority of people is a term life insurance policy. A term life insurance policy is a type of life insurance that covers you only for the designated term. Term life insurance is designed to cover you for as long as you need to raise children, pay off your debts, and begin to save money. Usually a term life insurance policy will last anywhere from 20-40 years. These types of policies are the least expensive because they do not guarantee a payout like a permanent life insurance would. By purchasing term life insurance you can get the amount of coverage you need for the time you most need the coverage. Then—if you outlive your policy—you’ll be at a stage in your life when you no longer require life insurance.

Making Health and Lifestyle Changes

There are also health and lifestyle factors that affect the total cost of your insurance premium. For example, if you use tobacco, you will pay a higher premium. Because people who use tobacco are more likely to have chronic health problems, the insurance company takes a higher risk by insuring you. However, if you can provide your healthcare provider and the insurance company with proof that you are tobacco free, you can get your insurance application reevaluated.

You may also want to consider other lifestyle changes. If you have an especially dangerous hobby or profession, you may want to pivot to something safer before you apply for insurance. Often, insurance companies will list jobs and activities that they deem high risk on their website.

Overall, the more the insurance company knows about your health and your lifestyle, the better price you can get. So, if you’re searching for insurance on a budget, you should elect to take the medical exam. On the other hand, if you are searching for the easiest and fastest way to get life insurance, purchasing a no medical exam policy is the way to go. We hope this information gives you a roadmap to get started shopping for life insurance! No matter if you are looking for the easiest or the cheapest way to get life insurance, the important part is that you are getting coverage.


Cloud Computing, 5G, Metaverse, EVs Among the Most Important Areas of Technology in 2023, Says New IEEE Study

Cloud Computing, 5G, Metaverse, EVs Among the Most Important Areas of #Technology in 2023, Says New Study

Chief information officers, chief technology officers and technology leaders globally surveyed on key technology trends, priorities and predictions for 2023 and beyond

IEEE, the world's largest technical professional organization dedicated to advancing technology for humanity, today released the results of "The Impact of Technology in 2023 and Beyond: an IEEE Global Study," a new survey of global technology leaders from the U.S., U.K., China, India and Brazil. The study, which included 350 chief technology officers, chief information officers and IT directors, covers the most important technologies in 2023 and future technology trends. To learn more about the study and the impact of technology in 2023 and beyond, visit https://transmitter.ieee.org/impact-of-technology-2023.

A More Connected, Sustainable and Virtual World

Which areas of technology will be among five most important in 2023? Global technology leaders surveyed said cloud computing (40%), 5G (38%), metaverse (37%), electric vehicles (EVs) (35%), and the Industrial Internet of Things (IIoT) (33%) will be the five most important areas of technology next year.

The top industry sectors that will be most impacted by technology in 2023 are:
Currently in its nascent stages, the metaverse can be described as an immersive digital network of 3D interactive worlds. Global technologists surveyed said the following innovations will be very important for advancing the development of the metaverse in 2023:
  • (71%) 5G and ubiquitous connectivity
  • (58%) virtual reality (VR) headsets
  • (58%) augmented reality (AR) glasses
Technologies that foster sustainability are growing in importance. A strong majority (94%) of those surveyed agree that they have prioritized sustainability goals for 2023 and beyond, and any technologies their company implements are required to be energy-efficient and help shrink their carbon footprint.

Metaverse-related technologies are also expected to be deployed in various ways: 91% of respondents agree, to bring employees together for corporate training across offices, conferences and hybrid meetings, their company is actively adopting metaverse technology strategies in 2023. In addition, over three-quarters (76%) of global technologists say 26%-75% of interactions with colleagues, customers and management at their company will be conducted virtually in 2023.

AI, Robotics, IIoT and Digital Twins

AI has become ubiquitous. So it is not surprising that 98% of survey respondents agree that in 2023 and beyond, AI-powered autonomous, collaborative software and mobile robots will automate processes and tasks, including data analysis, allowing humans to be more efficient and effective. In addition, when asked what percentage of jobs across the entire global economy will be augmented by AI-driven software in 2023, 24% of technologists surveyed said 1-25%; 40% of those surveyed said 26-50%; and 27% of respondents said 51-75%. Related to the IIoT, which optimizes smart industrial machines, sensors, processors and the real-time data they generate, 98% surveyed say using digital twin technology and virtual simulations in 2023 to more efficiently design, develop and safely test product prototypes and manufacturing processes will be important, including 68% who say it will be very important.

EVs, 5G and 6G

Because of its fast and high data throughput, 5G will impact vehicle connectivity and automation in 2023, 97% of survey respondents agree.

Respondents also said that 5G will benefit these areas the most in the next year:
  • (56%) remote learning and education
  • (54%) telemedicine, including remote surgery, health record transmissions
  • (51%) entertainment, sports and live event streaming
  • (49%) personal and professional day-to-day communications
  • (29%) transportation and traffic control
  • (25%) manufacturing/assembly
  • (23%) carbon footprint reduction and energy efficiency
A strong majority (95%) of global technologists agree that space satellites for remote mobile connectivity will be a game-changer in 2023 because they enable 5G device connections anywhere, 24/7, leapfrogging terrestrial infrastructure. Close to nine out of 10 of global technologists (88%) agree 6G will primarily be an evolving work in progress in 2023, but that in half a decade 6G will be standardized.

Cybersecurity Concerns Rise

The cybersecurity concerns most likely to be in technology leaders’ top three in 2023 – which rose as compared to levels of concern in 2022 – are issues related to:
  • (51%) cloud vulnerability (up from 35% in 2022)
  • (46%) the mobile and hybrid workforce, including employees using their own devices (up from 39% in 2022)
  • (43%) data center vulnerability (up from 27% in 2022)

About the Survey

"The Impact of Technology in 2023 and Beyond: an IEEE Global Study" surveyed 350 CIOs, CTOs, IT directors and other technology leaders in the U.S., U.K., China, India and Brazil at organizations with more than 1,000 employees across multiple industry sectors including banking and financial services, consumer goods, education, electronics, engineering, energy, government, healthcare, insurance, retail, technology and telecommunications. The surveys were conducted September 14-16, 2022.

About IEEE

IEEE is the world’s largest technical professional organization dedicated to advancing technology for the benefit of humanity. Through its highly cited publications, conferences, technology standards, and professional and educational activities, IEEE is the trusted voice in a wide variety of areas ranging from aerospace systems, computers, and telecommunications to biomedical engineering, electric power, and consumer electronics. Learn more.


1st Global Digital Health Summit Builds a Roadmap for Digital Health Tools Usage to Achieve Universal Health Coverage

1st Global Digital Health Summit Builds a Roadmap for Digital Health Tools Usage to Achieve Universal Health Coverage

Global healthcare practitioners, leaders, policymakers and think tanks have come under one roof to discuss ideas and implement new guidelines about the usage of digital health tools in the wake of the coronavirus pandemic at the recently concluded debut edition of Global Digital Health Summit. The two-day summit saw six-panel discussions and masterclasses, which were attended by over 1500 delegates from 35 countries and ambassadors from nine nations.

The inaugural edition of the summit was organised in association with The Global Health Connector Partnership (American Telemedicine Association, HLTH, European Connected Health Alliance, Commonwealth Centre for Digital Health, African Health Federation, The Digital Health Society, Health Parliament), The International Society for Telemedicine & Health, Switzerland, and Internet Governance Forum- Dynamic Coalition on Digital Health. It was graced by Dr Jitendra Singh, MBBS, MD, Hon’ble Union Minister of State, Prime Minister’s Office, Government of India. Dr Singh has revealed that in the next five years, India will witness an 80% increase in investment in digital healthcare tools.

“Under PM Modi’s leadership, healthcare has become more focused on innovation and technology over the past few years. 80% of healthcare systems are aiming to increase their investment in digital healthcare tools in the coming five years. Indian innovators are developing pathbreaking health-tech products and solutions. The government is applying these digital health developments through the Ayushman Bharat Digital Mission,” he said.


Dr Vinod Paul, Member-Health, NITI Aayog, Government of India, said during the coronavirus pandemic, digital health tools have touched the lives of every Indian through teleconsultation, e-pharmacies and self-monitoring health applications.

“Our government is leaving no stone unturned to scale up the technology for people’s better health. Digital health has made remarkable progress in the last couple of years. Using digital health tools, 900 million Covid tests have been done, and 69 million teleconsultations have taken place. We have witnessed mission-driven progress in healthcare,” said Dr Paul.

Mr Jon Warner, US President ORCHA Health, put a special impetus on the usage of emerging technologies entailing 5G, AI, Gaming, and Metaverse in the development of healthcare facilities in India.

“To have extensive universal healthcare coverage in India, it has become essential that we integrate emerging technologies in our healthcare practices. India rolled out 5G earlier this month, which could be a game changer in the healthcare industry. We can implement a 5G-enabled ambulance, which can be equipped with the latest medical equipment, patient monitoring applications and telemetry devices that can transmit the patient health data to a hospital in real-time. This will strengthen the emergency care services in India,” added Mr Warner.

Dr Patricia Mechael, Co-founder of Global Digital Health Index, highlighted the challenges in data sharing and accessibility, which play an important role in delivering high-quality patient care.

“It provides clinicians with immediate access to patient records, including medical history, test results and relevant information provided by other clinicians. With access to the right data, clinicians can deliver exceptional healthcare by making informed decisions substantially faster, reducing wait times and contributing to providing better healthcare at a better cost. However, access to clean, complete, and accurate data for use is still an ongoing battle in the healthcare sector. This needs to be addressed immediately,” said Mechael.

“The summit has been an astounding success, and we see great synergy and forthcoming collaborations with international and nationally acclaimed leading healthcare practitioners, researchers, govt officials, and academics to ensure the Digitalization of healthcare. We look forward to many successful outcomes that have been part of various discourses during the summit. This Summit has paved the way for Digital Health For All by 2028, and there is an unprecedented consensus on how digital health will be the future of India and that India can lead the world in Digital Health,” said Dr Rajendra Pratap Gupta, Co-Chair of Global Digital Health Summit, Expo & Innovation Awards.

Ms Vidadala Rajini, Minister for Health, Family Welfare & Medical Education, Government of Andhra Pradesh, presented the revolutionary measures taken by the State government in the healthcare field. She also unveiled a logo on “Women for Digital Health”.

The summit concluded with a glitzy global digital health innovation award, where healthcare innovators were recognised for their relentless efforts. The segment also celebrated and encouraged others to become innovators.


Fintech for Underserved Areas PayVEDA Closes $11.5 Mn in Funding from SphitiCap

PayVEDA Closes $11.5 Mn in Funding from SphitiCap

PayVEDA Closes $11.5 Million in Series A Funding from SphitiCap

SphitiCap - an early-stage sector agnostic fund today announced their second investment portfolio with $11.5 Million Series A Funding in PayVEDA. PayVEDA is a leading solution-oriented fin-tech player bridging the financial gap (banking &non-banking) in underserved regions of India. The company’s promising growth, the pipeline of strategic acquisitions, and the near plausibility of an Initial Public Offering (IPO) contributed to its inclusion in SphitiCap’s carefully crafted investment portfolio.

Since its inception, PayVEDA has built a strong network of over 80,000 merchants and aims to reach 50 lakh merchants in the next four years. Furthermore, the company has seen a Gross Transaction Volume of 7000 crores, from over 5 crore monthly transactions, which it aims to increase to 30 lakh crores in the next four years. An innovation-centered enterprise, PayVEDA is aligned with SphitiCap’s foundational philosophy of Sustainability, Growth, and Impact.

Talking about the investment, Pallav Kumar Singh, Managing Partner at SphitiCap said, “Financial inclusion is a key concern in India, given the changing global economic and political dynamics. Even though as a nation we are currently shielded from fiscal undercurrents; a large chunk of our population resides in rural cities that still are in a dire need of access to credible financial institutions and advisory. Fortunately, we are blessed with a robust start-up ecosystem driven by innovators who are focused on solving real problems and creating real impact. Adding a fintech giant like PayVeda, which has been at the forefront of solving these challenges on-ground, to our portfolio is absolutely thrilling. We are confident that our investment in the company will give impetus to its expansion and acquisition strategy while strengthening its IPO roadmap. We look forward to seeing the impact of our investment in the years to come.”

Adding to the above, Prateek Vohra, Founder of PayVEDA said, “PayVEDA is committed to changing lives and empowering people residing in the country’s most remote corners. Our aim is to take banking and non-banking fintech services to rural India and create employment for rural youth in locations that are often overlooked. Furthermore, our goal is to leverage technology to increase financial inclusion and create a financial ecosystem for the underbanked and unbanked across the country. Our innovative products along with our seamless offerings ride on the active network that we hope to continue strengthening and expanding. Our partnership with SphitiCap will surely enable us to further our vision, and we are excited to build a long-withstanding relationship with the team.”

SphitiCap recently announced leading the Series A funding round in ClearDekho and is now on the pathway to announce up to 10 more this quarter.

About SphitiCap

SphitiCap is an India-centered, early-stage sector agnostic fund, primarily investing in 10 sectors across India. With innovation as the core fundamental, SphitiCap focuses on investments in enterprises that align with the tenets of sustainability, growth, and impact. The VC firm funds firms from the seed stage to Series A, leading to a funding size of USD 10 million. The total corpus of the fund is 500 million. aims to value sustainable profitable growth with a well-defined exit strategy. It pioneers Indian businesses by embedding large-scale capital raise and investor confidence eco-systems seamlessly and powerfully

About PayVEDA

PayVeda is a fintech startup led by Industry veterans and practice leaders, established in 2019 which provides agent-based payment solutions to consumers and businesses. PayVeda aims to bridge the financial gap in underserved regions of India via service offerings like payments and other financial management solutions including cash deposit, cash withdrawal, money transfer, bill payments, Aadhaar-enabled services, air time recharge, railway ticketing booking, MPOS, QR code payments, digital payments, and more. It features an app-based platform that is available for Android devices.

PayVeda intends to take the banking and nonbanking services to the remotest part of the country, using its retail network. PayVEDA is a one-stop platform to provide financial and non-financial services

Voice AI Leader Saarthi AI Launches Pravid, an AI-based Multilingual Communication

Voice AI Leader Saarthi AI Launches Pravid, an AI-based Multilingual Communication



The big shift in the lending industry: more Machine, less Muscles

In August 2022, Saarthi AI, a Bengaluru based DeepTech venture crossed a key milestone. Saarthi's Collections AI hit the $100 Mn mark in aggregate debt collected for 20+ top Indian financial companies like CRED, Shriram, Capri Loans and more.

Every month, Saarthi AI recovers more than 95% of the amount allocated, without human intervention, faster than all other channels of collection. The milestone marks the first successful implementation of AI for Collections at scale.

Prophecies of Collections revolutionizing Collections are decades old. It is an opaque, inconsistent, slow & expensive communication process. Businesses witness gruesome financial situations due to increasing debt. In India, delinquencies are on the rise and collection methods are causing serious reputation risks for the entire financial sector.

Yet, millions of new Indians are getting credit in the blink of an eyelid. The good news is it'll only increase. But the ecosystem must grow in a sustainable manner. RBI is ensuring it does!

This makes it an even harder challenge for lenders who struggle with the time-consuming and unstructured process. Eventually, it derails the organization or they sell off the debt to unregulated parties causing more harm than good. Over $500 Mn of debt is written off each year in India.

To resolve this issue, companies generally outsource the collections to call centers. To recover debt, lenders give the same allocations to multiple agencies in desperation. Such approach may seem a solution but over a long span these can cost the lender more than what is being recovered. Moreover, unregulated agencies not only rupture a company's reputation but hamper their customer experience.

Saarthi AI was founded in 2017, with a vision to make voice and non-voice processes in contact centers efficient, affordable and transparent. Saarthi AI is now digitizing a $2Tn Indian lending industry with Pravid.io - an omnichannel multilingual Communication AI Platform.

“There is an urgent need for an effective platform that makes Collections hassle-free. Pravid.io has been purpose-built to do exactly this. We’re helping CROs and collection managers take charge of their communication strategy.”, says Mr. Viswa Nath Jha, CEO & Founder, Saarthi.ai.

Agencies employ tele callers. These call centers are cluttered with issues like workforce management, inability to scale call volumes, inconsistency and siloed data. With financial inclusion, loan ticket sizes have shrunk and it is becoming more common for the cost of collections to exceed the loan amount.

Pravid.io makes it easy for the Collections process to attain 100% transparency, 25% workflow agility, and 7x affordability. It is an end-to-end solution that allows credit and collections teams to automate and streamline their entire customer journey.

The secret sauce is the pre-trained multilingual Conversational AI framework they have pioneered with more than half a decade's work and partnerships with customers, Govt. bodies and data agencies. MAIA (their AI SuperAgent) demonstrates state of the art efficiencies and communicates like a human in 11 languages.

Besides that, all the data captured is stored on an enterprise grade security platform with Contact Center tools, analytics & psychology-based strategies. It ensures you have a control panel with full transparency of the communication, and insights on User Behaviour, Cash Inflow Predictability, Campaign Performance and more.

More than 50+ brands trust Saarthi AI as the go-to partner to scale customer communication. Besides BFSI, their proprietary voice-first AI stack has also been implemented across Telecom, e-commerce and healthcare. Since the announcement of Pravid.io at Voice Tech Summit India 2022, Saarthi.ai had bagged numerous awards and recognitions in the Fintech domain and scaled its revenues fast.

Shri Piyush Goyal, Union Minister of Commerce & Industry, conferred an award for the Best Use of AI in Financial Services two weeks ago. Financial Express had recognized them for their impact in the same category in September 2022

You can meet the Saarthi AI team at multiple events this year and experience the novel technology. They showcased to the Fintech community at the recently concluded Global FinTech Fest 2022 and are opening up to the product community on 18th - 19th October at NASSCOM Product Conclave – South Asia’s Largest Product Festival.

To simplify the process for people who are not able to experience the product it in-person, Saarthi is launching Pravid.io soon on ProductHunt. With a few clicks, new users can test drive their portal and see value right away!

You can visit their pre-launch page by clicking https://www.producthunt.com/upcoming/pravid-io. Get your queries answered and stay posted on multiple in-person and virtual events like Tech Showcase, AMAs, Webinars, etc. to know more about this disruptive product.


The New Sound of Punjabi Pop: Talwiinder

https://ift.tt/jWegfaF

Business Wire India
San Francisco-based artist, Talwiinder is one of the most talked about names in the underground, Punjabi/indie music circuit. Known for his trippy, electro-pop sound, the multi-talented singer, song-writer & producer creates authentic, original music that transports one into another universe. His latest track, ‘Someone Like Me’ released today in association with Sony Music. The powerful beats, poetic lyrics, and Talwiinder’s mesmerizing vocals make Someone Like Me the perfect club banger, an experience unlike any other. The international music video, directed by Nav Dhiman, is a showcase of unforgettable visuals inspired by dark, Egyptian themes. Sung and composed by Talwiinder, produced by NDS, penned by Rippy Grewal and Talwiinder himself, the track is sure to makes everyone groove and add to the vibe of any party.

In an age where everyone is vying for fame and recognition, the enigmatic Punjabi pop star refrains from revealing his identity and is often styled with a mask or face-paint. Someone Like Me follows a string of popular tracks such as Gallan 4, Gaah and Dhundhala amongst others. Talwiinder has attracted a fast-growing loyal tribe of music lovers, which include the likes of Vicky Kaushal and Ayushmann Khurrana, as he is setting up to bring a great renaissance in the industry.

Sharing his thoughts on the launch, Talwiinder said, “I love creating something very different that surprises my fans and the listeners. My approach towards music is blending Punjabi lyrics that keep me rooted in my culture, with contemporary trance beats. I am excited to launch Someone Like Me in association with Sony Music as it gives me a platform to reach a wider audience. I hope listeners all around the world will vibe with this track and show it all their love.”
 
Listen to 'Someone Like Me', by Talwiinder here: https://smi.lnk.to/SomeoneLikeMe


Countries with better FinTech development saw greater GDP resilience, employment during Covid-19: report

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Business Wire India

Countries with more developed FinTech ecosystems showed stronger resilience against disruptions from the Covid-19 pandemic, with better economic growth and employment, a new study that looked at 86 economies worldwide to evaluate the impact of FinTech on economic resilience has found.

 

In collaboration with Ant Group, the Centre for Sustainable Finance Innovation (CSFI) at the Nanyang Business School, Nanyang Technological University, Singapore (NTU Singapore), conducted this study, titled “Economic Resilience during Covid-19 Pandemic – the Role and Significance of FinTech.”

 

Using GDP growth and unemployment rate as measures for economic resilience, the study found that countries and regions with more advanced FinTech development experienced a faster rebound in GDP growth rate and recorded stronger employment recovery during the pandemic.

 

The findings suggest that FinTech has a positive influence on economic resilience and may be used as a tool to cushion against shocks and to accelerate recovery in times of crisis. FinTech makes the delivery and use of financial services easy and convenient through platforms like mobile phone applications and other digital mediums, which is crucial to help mitigate the disruptions caused by lockdowns and other virus-control measures limiting physical movement, according to the study.

 

FinTech and economic resilience

 

The study weighed FinTech development against a total of 17 factors covering a country’s economic, social, political, and healthcare indicators. For example, trade levels, population size, and education development.

 

The results showed that FinTech had a strong positive impact on GDP growth across all countries surveyed. Similarly, the more developed the FinTech ecosystem of the country, the lower the unemployment rate. Other factors that also have a sway over positive employment rates include pre-pandemic GDP per capita, the stringency of social distancing policies, and population size.

 

One example of a country in Asia that achieved strong GDP growth resilience is Singapore. As a country with one of the most developed FinTech ecosystem in Southeast Asia, Singapore’s funding landscape has been less volatile compared to other countries in the region, which have largely suffered from a fall in FinTech funding caused by the pandemic. In the case of Singapore, despite an initial dip in funding, the investments in FinTech quickly rebounded by the second quarter of 2020.

 

The fact that Singapore has suffered less significantly compared to the rest is testament to the unrivalled confidence investors and entrepreneurs have in the country as a regional FinTech hub. This confidence stems from active regulatory support, tax treatise, political stability, adherence to free market economics, and availability of talent, the study said.

 

Mobile payments

 

The study also found that different aspects of FinTech caused varied impact on economic resilience.

 

Mobile payments, which comprise common payment tools like digital wallets, impacted both GDP growth and employment positively. Digital investments were conducive to GDP growth rates, while digital banking accelerated employment growth.

 

An analysis of global Google search data between 2017 and 2022 showed a sharp rise in searches for FinTech-related terms following the Covid-19 outbreak and the trend has remained since. These terms include ‘mobile wallet’, ‘digital banking’, and ‘online investment’. This finding reflects a persistent high-level of interest in FinTech services since the start of the pandemic. Notably, mobile payments are the main driver of the interest.

 

In Southeast Asia, there was a 50% increase in demand for FinTech services from 2019 and 2020, coinciding with the outbreak of the pandemic. Of this demand, interest in mobile payments recorded an 80% rise – in line with global trend observed in the FinTech services sector.

 

Notwithstanding lockdown protocols, people continued to have access to daily necessities through online channels. It is thus no surprise that more people turned to mobile payments and FinTech services to regain some level of normalcy during the pandemic. As a result, Covid-19 has fundamentally reshaped consumption habits and accelerated the development of the digital economy, the study stated.

 

Please visit here for the full report: https://bit.ly/3SPOGVy

 

 

Advance in attribution science calculates daily, local impact of climate change in 1,000+ cities worldwide

Daily temperatures in Mexico, Brazil, western and eastern Africa, the Arabian Peninsula, and the Malay Archipelago reveal strongest influence of global warming PRINCETON, N.J., Oct. 27, 2022 /PRNewswire/ -- The influence of climate change on daily temperatures anywhere on Earth can now be calculated and scored on a simplified scale–the Climate Shift Index–using peer-reviewed attribution methods developed through a collaboration led by Climate Central. A report released today details global patterns and rankings based on daily assessments over the last 12 months, and a new map-based tool visualizes Climate Shift Index scores for 1,021 cities worldwide each day. First used to enable real-time and forecast attribution of climate change on daily temperatures in the U.S., the Climate Shift Index incorporates observation- and model-based calculations detailed in a methods paper, "A multi-method framework for global real-time climate attribution," published in June 2022 in Advances in Statistical Climatology, Meteorology and Oceanography. The Climate Shift Index applies a five-point scale to indicate how much more likely or frequent daily temperatures have become as a result of climate change. For example, a Climate Shift Index (CSI) level of 3 means the day's temperature was made at least 3x more likely than it would have been without the influence of human-caused climate change. During the 12 months between October 2021 and September 2022, more than 7.6 billion people–96 percent of the global population–experienced daily average temperatures that were clearly influenced by climate change: * People living near the equator and on small islands were especially impacted: Mexico, Brazil, western and eastern Africa, the Arabian Peninsula, and the Malay Archipelago experienced the strongest influence of human-caused climate change on temperatures over the 365 days analyzed. * On every day during the 12-month period, at least 200 million people experienced temperatures with a CSI level of 3 or higher. * During 75 days, more than 1 billion people experienced temperatures with a CSI level of 3 or higher, with a peak of 1.7 billion people on October 21, 2021. * The cities with the largest populations exposed to the most days with CSI levels of 3 or higher included Mexico City, Singapore, and Lagos, Nigeria. "Being able to reliably detect the fingerprints of climate change in everyday weather, anywhere in the world, represents a vital advance in climate attribution science," Dr. Andrew Pershing, director of climate science at Climate Central said. "The Climate Shift Index brings established scientific methodologies into the public domain in a clear, accessible way. This tool can help people to understand and talk about how the changing climate is shaping local weather as it happens." Climate Central will temporarily provide downloadable daily compilations of all global Climate Shift Index scores through the end of the United Nations COP27 climate change conference on Friday, November 18. Please visit climatecentral.org/tools/climate-shift-cities or email Climate Central director of communications Peter Girard (pgirard@climatecentral.org) to request a CSV file of the global daily CSI dataset for all 1,021 cities. About Climate Central Climate Central is a non-advocacy, non-profit science and news organization providing authoritative information to help the public and policymakers make sound decisions about climate and energy. Photo - https://mma.prnewswire.com/media/1930674/Global_CSI_10_27_2022.jpg View original content:https://www.prnewswire.co.uk/news-releases/advance-in-attribution-science-calculates-daily-local-impact-of-climate-change-in-1-000-cities-worldwide-301660725.html

Countries with better FinTech development saw greater GDP resilience, employment during Covid-19: report

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Business Wire India

Countries with more developed FinTech ecosystems showed stronger resilience against disruptions from the Covid-19 pandemic, with better economic growth and employment, a new study that looked at 86 economies worldwide to evaluate the impact of FinTech on economic resilience has found.

 

In collaboration with Ant Group, the Centre for Sustainable Finance Innovation (CSFI) at the Nanyang Business School, Nanyang Technological University, Singapore (NTU Singapore), conducted this study, titled “Economic Resilience during Covid-19 Pandemic – the Role and Significance of FinTech.”

 

Using GDP growth and unemployment rate as measures for economic resilience, the study found that countries and regions with more advanced FinTech development experienced a faster rebound in GDP growth rate and recorded stronger employment recovery during the pandemic.

 

The findings suggest that FinTech has a positive influence on economic resilience and may be used as a tool to cushion against shocks and to accelerate recovery in times of crisis. FinTech makes the delivery and use of financial services easy and convenient through platforms like mobile phone applications and other digital mediums, which is crucial to help mitigate the disruptions caused by lockdowns and other virus-control measures limiting physical movement, according to the study.

 

FinTech and economic resilience

 

The study weighed FinTech development against a total of 17 factors covering a country’s economic, social, political, and healthcare indicators. For example, trade levels, population size, and education development.

 

The results showed that FinTech had a strong positive impact on GDP growth across all countries surveyed. Similarly, the more developed the FinTech ecosystem of the country, the lower the unemployment rate. Other factors that also have a sway over positive employment rates include pre-pandemic GDP per capita, the stringency of social distancing policies, and population size.

 

One example of a country in Asia that achieved strong GDP growth resilience is Singapore. As a country with one of the most developed FinTech ecosystem in Southeast Asia, Singapore’s funding landscape has been less volatile compared to other countries in the region, which have largely suffered from a fall in FinTech funding caused by the pandemic. In the case of Singapore, despite an initial dip in funding, the investments in FinTech quickly rebounded by the second quarter of 2020.

 

The fact that Singapore has suffered less significantly compared to the rest is testament to the unrivalled confidence investors and entrepreneurs have in the country as a regional FinTech hub. This confidence stems from active regulatory support, tax treatise, political stability, adherence to free market economics, and availability of talent, the study said.

 

Mobile payments

 

The study also found that different aspects of FinTech caused varied impact on economic resilience.

 

Mobile payments, which comprise common payment tools like digital wallets, impacted both GDP growth and employment positively. Digital investments were conducive to GDP growth rates, while digital banking accelerated employment growth.

 

An analysis of global Google search data between 2017 and 2022 showed a sharp rise in searches for FinTech-related terms following the Covid-19 outbreak and the trend has remained since. These terms include ‘mobile wallet’, ‘digital banking’, and ‘online investment’. This finding reflects a persistent high-level of interest in FinTech services since the start of the pandemic. Notably, mobile payments are the main driver of the interest.

 

In Southeast Asia, there was a 50% increase in demand for FinTech services from 2019 and 2020, coinciding with the outbreak of the pandemic. Of this demand, interest in mobile payments recorded an 80% rise – in line with global trend observed in the FinTech services sector.

 

Notwithstanding lockdown protocols, people continued to have access to daily necessities through online channels. It is thus no surprise that more people turned to mobile payments and FinTech services to regain some level of normalcy during the pandemic. As a result, Covid-19 has fundamentally reshaped consumption habits and accelerated the development of the digital economy, the study stated.

 

Please visit here for the full report: https://bit.ly/3SPOGVy

 

 


Tata Steel’s Jamshedpur Steel Plant Is Now India’s 1st ResponsibleSteel Certified

Tata Steel’s Jamshedpur Steel Plant becomes India’s first to achieve ResponsibleSteel Certification

The Company receives ResponsibleSteel Certification for three facilities in Jamshedpur

ResponsibleSteel is a global multi-stakeholder standard and certification programme for steel producers

Tata Steel today placed India on the global decarborisation and sustainability map with three of its production facilities in Jamshedpur receiving the coveted ResponsibleSteel Certification. The Company’s Steel Works, Tubes Division and Cold Rolling Mill (Bara) in Jamshedpur have joined an exclusive group of steel producing sites around the world to receive the ResponsibleSteel Certification, which also includes some of the other renowned steel manufacturers in the world.

Tata Steel’s Jamshedpur Steel Plant is India’s 1st ResponsibleSteel Certified
Jamshedpur plant of Tata Steel

ResponsibleSteel is the steel industry’s first global multi-stakeholder standard and certification initiative that works with steel producers, consumers, and intermediaries towards building a sustainable steel industry by addressing pressing challenges including climate change, diversity, human rights and more.

T. V. Narendran, CEO & MD, Tata Steel, said: “This is a historic moment for Tata Steel and an important step in our sustainability journey. Globally, the steel industry is at a critical juncture and the larger impact of how we produce and consume steel needs to be addressed urgently. For Tata Steel, this has always been a very important part of our journey from when we first produced steel in Jamshedpur in 1912. We are honoured to receive the ResponsibleSteel Certification for three of our facilities and will work towards achieving this recognition for all our production sites. I thank the ResponsibleSteel team, the auditors, assurance panel and the team at Tata Steel for their efforts in making this possible."

Annie Heaton, CEO, ResponsibleSteel, said: “We warmly congratulate Tata Steel on this incredible achievement. Tata has demonstrated vision, commitment, and investment and has worked incredibly hard to achieve ResponsibleSteel certification for its Jamshedpur site, the first Tata Steel site to be certified and the first ResponsibleSteel certification in India. It isn’t enough to only focus on reduced carbon emissions. Certified sites must also ensure that they are fully aligned with other sustainability objectives in the Standard, for example, ensuring good water stewardship, creating a healthy and safe workplace, safeguarding labour rights, and engaging with local communities and other stakeholders. This is a momentous achievement for Tata Steel, and everyone involved.”

Tata Steel has been a member of ResponsibleSteel since October 2020.

As a century-old Company, Tata Steel believes in the need for strong policies and governance framework to ensure growth and responsibility towards all its stakeholders go hand in hand. The Company has already announced its major sustainability objectives including Net Zero Carbon by 2045, Net Zero Water consumption by 2030, improving Ambient Air Quality and No Net loss in Biodiversity by 2030.

About Tata Steel

Tata Steel group is among the top global steel companies with an annual crude steel capacity of 34 million tonnes per annum. It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world. The group recorded a consolidated turnover of US $ 32.83 billion in the financial year ending March 31, 2022.

A Great Place to Work-CertifiedTM organisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 65,000. Tata Steel has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016. Besides being a member of ResponsibleSteelTM, worldsteel’s Climate Action Programme and World Economic Forum’s Global Parity Alliance, Tata Steel has won several awards and recognitions including the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants, and Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17. The Company, ranked as India’s most valuable Metals & Mining brand by Brand Finance, featured amongst CII Top 25 innovative Indian Companies in 2021 and top 10 sustainable organisations of India Hurun Research Institute in the 2021 Capri Global Capital Hurun India Impact 50, received Steel Sustainability Champion recognition from worldsteel for five years in a row, ‘Most Ethical Company’ award 2021 from Ethisphere Institute, RIMS India ERM Award of Distinction 2021, Masters of Risk - Metals & Mining Sector recognition at The India Risk Management Awards for the sixth consecutive year, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.

To know more, visit www.tatasteel.com and www.wealsomaketomorrow.com.

Data Transformation Start-up Vincilium Appoints Ankur Razdan as Head of Strategy

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Business Wire India

Blockchain-led data management start-up Vincilium announced the appointment of Ankur Razdan as the Head of Strategy and Business Development effective immediately.

Ankur has over 2 decades of experience in the IT Industry. He is an expert on digital transformation with hands-on experience in leading the development of digital marketplaces and ecosystems; enabling clients across the globe to align with the Digital Economy. Ankur has led multiple roles in the IT Industry from Sales, Solution Consulting, and Business Enablement to Delivery. He has been instrumental in establishing new client relationships in various regions like the Americas, APAC, ANZ, and India. He has also managed large delivery teams across multiple clients and has hands-on experience in building new domain practices and competencies from grounds-up. Ankur is passionate about Financial Inclusion and the use of emerging technologies to drive solutions for the unbanked and under-banked market segments.

In his current role, Ankur will spearhead the Strategy for Vincilium and will be additionally responsible for driving growth through business development. “Vincilium is at an inflection point in the start-up lifecycle and we are now looking to scale up. Ankur’s addition to the team will sharpen our focus on clients and bring in the experience of shaping and closing large client partnerships,” said Rohit Sehgal, CEO, and Founder of Vincilium.

“It is important for start-ups to blend technology innovation with the right strategic intent and focus towards chosen market segments,” added Ankur Razdan. “With a strong, enterprise-grade platform at the core, Vincilium is redefining how organizations view their data strategy. Vincilium’s data products are helping organizations lay the foundational data architecture aligned to data-mesh principles,” he concluded.
 
Vincilium is New Jersey headquartered company with focus on developing Data Management products using the power of Blockchain TechnologyLearn more about Vincilium by visiting their official website www.vincilium.com

Data Transformation Start-up Vincilium Appoints Ankur Razdan as Head of Strategy

https://ift.tt/jWegfaF

Business Wire India

Blockchain-led data management start-up Vincilium announced the appointment of Ankur Razdan as the Head of Strategy and Business Development effective immediately.

Ankur has over 2 decades of experience in the IT Industry. He is an expert on digital transformation with hands-on experience in leading the development of digital marketplaces and ecosystems; enabling clients across the globe to align with the Digital Economy. Ankur has led multiple roles in the IT Industry from Sales, Solution Consulting, and Business Enablement to Delivery. He has been instrumental in establishing new client relationships in various regions like the Americas, APAC, ANZ, and India. He has also managed large delivery teams across multiple clients and has hands-on experience in building new domain practices and competencies from grounds-up. Ankur is passionate about Financial Inclusion and the use of emerging technologies to drive solutions for the unbanked and under-banked market segments.

In his current role, Ankur will spearhead the Strategy for Vincilium and will be additionally responsible for driving growth through business development. “Vincilium is at an inflection point in the start-up lifecycle and we are now looking to scale up. Ankur’s addition to the team will sharpen our focus on clients and bring in the experience of shaping and closing large client partnerships,” said Rohit Sehgal, CEO, and Founder of Vincilium.

“It is important for start-ups to blend technology innovation with the right strategic intent and focus towards chosen market segments,” added Ankur Razdan. “With a strong, enterprise-grade platform at the core, Vincilium is redefining how organizations view their data strategy. Vincilium’s data products are helping organizations lay the foundational data architecture aligned to data-mesh principles,” he concluded.
 
Vincilium is New Jersey headquartered company with focus on developing Data Management products using the power of Blockchain TechnologyLearn more about Vincilium by visiting their official website www.vincilium.com

Taiwan's Electric Scooter Co. Gogoro Foraying in Indian Market

Taiwan's Electric Scooter Co. Gogoro Foraying in Indian Market

Taiwan's electric scooter company Gogoro is all set to make a debut in the Indian market. The company is reportedly launching its electric scooter on November 3. Gogoro is said to have partnered with Hero MotoCorp for this.

Gogoro manufactures both low speed and high speed electric scooters. Many of its models are already present in the international market.

Last year in April, Gogoro announced a strategic partnership with Hero MotoCorp, to roll out its Gogoro Network battery swapping in India.

Taiwan's Electric Scooter Co. Gogoro Foraying in Indian Market
Gogoro Battery Swaps

The company will launch a longer range model in the Indian market. With a range of 90km and a top speed of 30km/hour, Gogoro will launch a low-speed and longer-range electric scooter in India.

The company could foray into the e-scooter segment with its model —   Gogoro S1 or Gogoro Viva— as a last-mile delivery option for B2B customers. 

Gogoro Viva
VIVA

In this scooter, the company is going to provide a lithium-ion battery pack with a capacity of 1.9 kWh. With which 250 W power electric hub motor will be connected. The range of this electric scooter can be 80 to 90 kilometers on a single charge. With which a top speed of 25 to 30 kilometers per hour can be found.It is believed that its battery will be swapped and run. Recently, Baaz Bikes has also launched an electric scooter with battery swap. 


Gogoro offers many great features along with unique design in its electric scooteraccording to the need of the rider .Features such as all-LED lighting, LED instrument console, Bluetooth and app connectivity, multi-ride mode, remote start, anti-theft alarm can be given in the electric scooter to be launched in India. With this, the company can offer many new useful features considering the need of the Rider. The price of this scooter can be between 80 to 85 thousand rupees.

According to a media report, Gogoro will make an official announcement on November 3, 2022.

Founded in 2011, Gogoro develops its own line of electric scooters and offers its own EV innovations to vehicle maker partners like Hero, Yamaha, Aeonmotor, PGO, eReady and eMOVING.

This year, Gogoro went public, with its merger with Nasdaq-listed special-purpose acquisition company Poema Global.

Safe Security Wins 2022 CISO Choice Award in Risk Management for Unique Approach to Cyber Risk Quantification

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Business Wire India

Safe Security Inc., a global leader in cyber risk quantification and management (CRQM), was recently recognized by the CISO Choice Awards as the 2022 winner for Risk Management. The annual CISO Choice Awards program honors leaders in key technology and business categories, selected by a board of CISO judges based on their real-world experience. Safe Security’s CRQM platform, SAFE, was specifically designed to assist CISOs in real time by showing them a quantified view of cyber health, financial exposure, and actions optimized to maximize business goals.

 

Traditional approaches to cyber risk quantification (CRQ) have lacked practicality to drive actual decisions. In response, the SAFE platform enables organizations to predict cyber breaches in their environment while accumulating signals - using APIs - from existing cybersecurity products, external threat intelligence and business context. SAFE offers a comprehensive solution that can be implemented and layered over existing cybersecurity products.

 

Security’s SAFE platform answers the following needs for CISOs:

 
  • Real time visibility to an increasingly complex IT surface
  • A prioritized, ROI-maximizing action plan to reduce likelihood of a cyber attack and financial impact due to a cyber attack
  • Converting cyber risk jargon to a business language for the Board and the CEO/CFO
 

“The CISO’s role is, at its core, is to protect the business and its ability to generate revenue; and they need the ability to lead these discussions with numbers, display a sound business basis for prioritizing and making investments, and measure results that will garner Board and C-suite support for their program to protect the business,” said Saket Modi, Co-Founder and CEO of Safe Security. “We are thrilled for Safe Security to be named the winner of the Risk Management category in the 2022 CISO Choice Awards. We thank the CISO judges for their consideration. Most importantly, we thank our customers for their trust and support in this journey.”

 

This award recognition comes on the heels of Safe Security’s latest platform updates, having launched the Return on Security Investment (ROSI) Calculator in early October 2022. Using the ROSI Calculator, CISOs, CFOs, CEOs and Boards can, for the first time, measure a return on investment for their cybersecurity programs. For a deeper understanding of the ROSI Calculator, download the factsheet here.

 

To learn more about Safe Security, visit https://www.safe.security/.

 

About Safe Security
Safe Security Inc. is a leader in cybersecurity and digital business risk quantification management, with a mission to build a safer digital future. Safe’s cyber risk quantification and management (CRQM) platform enables organizations to manage cyber risks in real-time. Its platform automatically collects signals from inside and outside a company’s environment to give the company-specific cyber risk rating, or SAFE Score, the financial impact of a potential breach, and an action plan. This enables organizations to have a common language across teams - from the board all the way down to an analyst - to align with a consistent risk metric. Other benefits include justifying investments in cybersecurity and purchase of cyber insurance for the organization. For more information, visit https://www.safe.security/.

 

 

ISBR Business School is Now in a League of its Own with the Inauguration of its Bloomberg Finance Lab

BENGALURU, India, Oct. 27, 2022 /PRNewswire/ -- ISBR Business School, Bengaluru launched its very own Bloomberg Finance Lab, further enhancing its status as the go-to business school for aspiring post-graduate students. The magnitude of this achievement is highlighted by the fact that only 15 other Indian management institutes have been able to set up a finance lab of this calibre.  Considering that only about 300 management institutes worldwide have achieved this feat, it can be understood that ISBR is now in a different league. Bloomberg's Finance Lab allows aspiring finance students to manage investment funds in real-time, using real currency. With the help of the Bloomberg Terminal, teachers at many institutes are able to add a real-world effect to the way students learn how to deal with financial matters across a financial market. Faculty members can get hands-on experience with tools used by world-renowned corporations, financial institutions and government-backed entities. With best-in-class finance courses on offer, such financial market labs attract a host of top-ranked students and help institutes grow simultaneously. With the inception of a Bloomberg Finance Lab, ISBR Business School's faculty members now gain access to financial software of the highest order. Some of the efficient financial tools available at their disposal include Excel Add-in, BQuant, and BQL Builder. Bloomberg provides a platform where students, teachers as well as researchers can fetch and analyse financial data in real time. They can tap into numerous information resources such as finance-related blogs, expert analyses, and global market trends. The efficient data channels that Bloomberg portrays help students stay in touch with the latest news going around the global financial ecosystem. When ISBR integrates Bloomberg's industry-leading financial tools and market data into its curriculum, faculty members not only obtain hands-on experience with the Bloomberg Terminal, but also acquire Bloomberg Market Concepts (BMC) Certification. This specialised online certification allows students to focus mainly on concepts revolving around the financial markets through real-world scenarios. Students can gauge the level of knowledge gained after every module by taking up a lesson-specific test. The primary industry knowledge that the BMC certification integrates into ISBR's finance curriculum is based on domains such as Economics, Fixed Income, Equities and Currencies. The BMC certification helps students learn how to define market assumptions, develop a return-oriented strategy, and run trading accounts over the Bloomberg ecosystem. Since the BMC certification is rated highly by industries across the globe, it helps students easily pick up skilled jobs in sectors such as equity research, investment banking, and consultancy. When an institute owns a Bloomberg Financial Lab, its students gain access to the Student Managed Investment Fund (SMIF) facility aided by the Bloomberg Terminal. While managing these investment funds, morphed out of real-world market scenarios, students can practise portfolio monitoring, idea generation, and research analysis. The Bloomberg Terminal allows them to have hands-on experience with activities such as portfolio attribution analysis, fund performance analysis, value at-risk monitoring, error tracking and so on. The prospective gains through Bloomberg's integration with ISBR are significant for the professors too. Teachers can use handy tools efficiently in setting up class courses and inviting students to participate in knowledge dissemination activities. Upon course completion, teachers can track student learning progress and analyse detailed report cards to assess scores obtained regularly. With such benefits, a Bloomberg Finance Lab helps an institute like ISBR Business School attain a high level of academic infrastructure and maintain its status as the top management institute in the country when it comes to industry-specific management courses. With academic facilities that provide analysis of significant industry trends and handy research information resources on the global financial market, ISBR is slowly laying strong footprints across the Finance domain too. About ISBR: ISBR Business School is the Flagship Campus of the Bangalore Education Trust which was set up in the year 1990, offering quality education in Management at the Bachelor's, Master's and Doctoral levels. Its PGDM program is approved by AICTE, Ministry of HRD, Government of India and Accredited by NBA. Located in the heart of Electronics City, Bangalore and surrounded by companies like Infosys, Wipro, TCS, BHEL, Siemens, 3m, Tata group of companies and the like. ISBR is ranked high among the top management institutes in the country, and partners with Universities and Institutions across the U.S.A, Germany, France, Russia, China, Dubai, Australia and Canada etc. for Student & Faculty Exchange Programs along with Collaborative Research. ISBR is an AICTE-CII-Platinum Rank for its efforts in bridging the Industry-Academia Skills Gap. Platinum being their highest rating and achieved by only about 3-4% of Management Schools across the country. For more information, please visit: www.isbr.in Logo: https://mma.prnewswire.com/media/1919177/ISBR_Logo.jpg  

Google Introduces Blockchain Node Engine for Web3 Development

Google Introduces Blockchain Node Engine for Web3 Development

Citing it's commitment to help Web3 developers build and deploy new products on blockchain-based platforms, Google has just introduced Blockchain Node Engine for its Cloud ecosystem.

This new release from Google promotes Web3 scalability by streamlining the self-distribution and self-management of decentralized data.

Deploying blockchain nodes is usually a time-intensive task for Web3 developers that includes provisioning a compute instance, installing a blockchain client, and syncing nodes to the network.

Blockchain Node Engine is a fully managed node-hosting service by Google that can minimize the need for node operations. Web3 companies who require dedicated nodes can relay transactions, deploy smart contracts, and read or write blockchain data with the reliability, performance, and security they expect from Google Cloud compute and network infrastructure.

Ethereum will be the first blockchain supported by Google’s Blockchain Node Engine, enabling developers to provision fully managed Ethereum nodes with secure blockchain access.

Google notes that blockchain developers can use its other security platforms, such as Cloud Armor, to improve privacy and avoid DDoS attacks.

What Customer Experience (CX) Technology Trends to Look Out for in 2023

What Customer Experience (CX) Technology Trends to Look Out for in 2023

A business can flourish only when it has satisfied customers. The customers are the foundation of any business, and a repeat customer makes a business grow manifold. However, there are times when there will be grievances, feedback, etc., which could be both positive or negative. Gone are the days when people had to depend on the snail mail and wait even longer for a response. Today, most businesses have contact centers where customers can connect through multiple routes concerning the product or service. At this stage, a customer must be left satisfied and happy with the response to spread the good word, thereby enhancing the base.

Thus, it becomes imperative for companies to ensure that the customer experience (CX) is of exceptional quality. According to an analysis by leading research company Forrester, 69% of customers believe that live assistance has the highest satisfaction rate while believing that their questions can be fully answered telephonically. In comparison, 45% of customers in the US would abandon a payment process if they don't get their questions addressed immediately. It is an eye-opener for anybody who undermines an efficient contact center's long-term and short-term effects vis-a-vis customer satisfaction.

Most of us have, at some point or the other, been annoyed by the long wait to connect to agents at a contact center and by the call getting transferred from one agent to another. It is the number one cause of frustration and negative customer experience. Specific queries can be answered by auto answers or voice bots with the help of AI. It leaves the workforce at contact centers to work on bettering the customer experience by appealing to emotional satisfaction and finding innovative solutions, eventually leading to higher customer satisfaction and higher retention. We all know how a positive image of the brand goes a long way in creating brand loyalty.While customers prefer telephonic phone calls, which appeal to them emotionally and help quickly resolve their problems, customers today are open to technology-based resolutions too. In 2022 it is obvious for the customers and contact center agents to stay abreast with technology, and as a matter of fact, Artificial Intelligence is being used to provide unique solutions.

Businesses have an integrated omnichannel communication experience that enables the customers to find answers to their queries without human intervention. Advancements such as voice bots, chatbots, IVR, and call back at convenience have ensured that customers can get their issues resolved intelligently at their convenience. Besides, AI-powered omnichannel conversational bots, which understand the context in case a query is written differently or misspelled, also dominate the trends currently. The rule the roost primarily because personalized experience goes a long way in customer retention and happiness.

While the customer is at the core, one must not forget the agents sitting on the other end and are the foundation of the brand image the company is trying to build. Customized Agent Desktop software, which has all the information like customer history, purchase or service received details, and personal information, amongst others, is the most significant advantage resulting in quick resolution of issues. Better contact center analytics, data analysis, and more connectivity with integration is another step towards ensuring that the agents are empowered with more information to help the customers.

Employee engagement programs that can increase agent retention are equally important because a happy employee leads to a happy company. An agent must provide a personalized experience with excellent communication skills. Though cloud computing and Artificial Intelligence seem to be making their inroads in the contact center industry, the one-on-one communication shall continue, and customers and agents will continue to be the key factors affecting the brand image.


The Above Content is Written By —
Mr. Amit Gandhi Founder NovelVox

VMware SASE and SD-WAN Helps Organizations Take a Holistic Approach to Networking and Security

Edge computing helps organizations reduce latency, obtain real-time data quickly and efficiently, and derive valuable insights they can use to enhance their business processes SAN ANTONIO, Oct. 27, 2022 /PRNewswire/ -- The last two years accelerated Information Technology (IT) trends that were already underway: rapid increase in the adoption of cloud, multi-cloud, and internet of things (IoT); a smarter edge for use cases such as modern retail, healthcare, and manufacturing; and a distributed workforce, where employees can be anywhere. Software-defined (SD) WAN technology eliminates the traditional WAN connectivity challenges associated with distributed enterprise applications and IoT devices that held back this acceleration. The need to more securely connect distributed users to cloud-based applications is driving the adoption for software-defined, cloud-delivered security. Secure Access Service Edge (SASE) combines the flexibility of SD-WAN technology with a full suite of security services it delivers from the cloud. SASE points of presence (PoPs) provide networking and security functions closer to the user, enabling fast and more secure access Frost & Sullivan's latest white paper, As Edge Computing Gains Traction, the Business Case for SASE is Stronger than Ever, explores how market trends highlight the demand for the cloud-delivered networking, compute, and security architecture that SASE delivers. To download the complimentary white paper please click here As public cloud adoption levels continue to increase post-pandemic due to hybrid and multi-cloud configurations, businesses should: * Integrate edge computing as part of hybrid cloud architecture to optimize and more securely connect edge locations back to data centers and cloud-hosted applications. * Implement hybrid and multi-cloud configurations to become more distributed and easily build, deploy, and continually optimize app delivery, for a more competitive edge. * Support hybrid work trends and optimize user connectivity to cloud-based applications. * Auto apply security conditions to users accessing enterprise applications based on the user identity and the context to mitigate risks and protect digital assets. VMware SASE is an example of the right way to secure and speed access in this distributed landscape through cloud-delivered SD-WAN Edge devices, Gateways, SASE Orchestrator, Edge Network Intelligence™, and Edge Compute Stack. The global network of scalable VMware SASE PoPs delivers apps to users reliably, quickly, and more securely over a single management interface. The VMware SASE product family delivers enterprise agility through a cloud-first open architecture, superior digital experience with rock-solid SD-WAN connectivity, security based on zero-trust principles, and operational simplicity with vendor-agnostic Artificial Intelligence for Operations that can help predict and prevent problems before they occur. About Frost & Sullivan For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion Media Contact: Sol Curet Corporate Communications E: sol.curet@frost.com  https://www.frost.com/  Photo - https://mma.prnewswire.com/media/1930642/Edge_Computing_SASE_SD_WAN.jpg View original content:https://www.prnewswire.co.uk/news-releases/vmware-sase-and-sd-wan-helps-organizations-take-a-holistic-approach-to-networking-and-security-301660674.html

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