Technology

The term fake news is true and becoming truer as technology creates more channels to deceive recipients, including deepfake. A form of artificial intelligence, deepfake can fool even the most discerning viewer, and fraudsters are seizing on it as another opportunity for illicit gain. What can financial businesses do to protect themselves against this new line of attack, and what can we all do to prevent ourselves from being hoodwinked?

As IT (information technology) continues to evolve at a rapid pace, its role in adding value to businesses all over the world is coming more sharply into focus. And among the most hotly anticipated technologies that certain businesses and enterprises will be looking to in order to generate some of that value will be edge computing.

As consumers continue to move more boldly into the digital realm, it has become increasingly clear that their personal data is of considerable value to different stakeholders. Whether it’s through their heart rates monitored by their watches, their geolocation data provided when they check into particular restaurants

The payments industry has entered a new era. The way we transacted changed as we physically separated – accelerating the shift to digital commerce that was already underway long before the pandemic hit. And, the way consumers transact will continue to be shaped by this new normal long after the pandemic subsides.

“Success in creating effective AI could be the biggest event in the history of our civilization. Or the worst. We just don’t know. So, we cannot know if we will be infinitely helped by AI, or ignored by it and side-lined, or conceivably destroyed by it,” noted physicist Stephen Hawking postulated in 2017, shortly before his death.

By now, most of us will have at least heard of the Internet of things (IoT), with many excitedly anticipating the realm of possibilities that the collection and utilisation of data by IoT devices will eventually offer. Among those possibilities is the invaluable insight that this data will provide, particularly with regards to our interests, preferences and regular habits and practices.

As technology continues to advance at a rapid pace, financial institutions all across the world are under intense pressure to improve efficiency, reduce costs and boost productivity. Indeed, there is now a considerable global need for the financial-services industry to evolve comprehensively from traditional, age-old business models.

It’s fair to say that 2020 has been among the most consequential years ever for the fintech (financial technology) industry. Thanks in no small part to a deadly pandemic that swept across much of the world, consumers, households and businesses alike have all had to depend on the digital world a whole lot more than at any time previously.

The robots are taking our jobs—or are they? This has been one of the most hotly discussed subjects of recent years as the startling developmental leaps being made in technologies such as artificial intelligence (AI) and robotics continue to make automation more sentient, efficient and productive.

If you are based in Singapore, you might have seen a dog-like robot patrolling some of the city-state’s parks earlier this year. Called Spot, the four-legged robot created by US-based Boston Dynamics is equipped with cameras and sensors to detect the concentration of group sizes gathering in parks while also reinforcing social-distancing rules