A naukri.com initiative
Innovation News
Global Fintech Series
4w
368
Image Credit: Global Fintech Series
Catching the New Wave of AI-Driven Fraudsters with Data Science
- AI in the financial industry is both driving innovation and introducing new risks, with almost half of fraud attempts fueled by AI.
- Global financial losses are predicted to reach $400 billion over the next decade due to AI-driven cyberattacks.
- Threats like synthetic identities, flash loan attacks in DeFi, and vulnerabilities in blockchain and smart contracts are on the rise.
- Financial institutions must proactively address these challenges using AI-driven tools and strategies.
- Predictive AI solutions help anticipate cybercriminal tactics and strengthen defenses before attacks occur.
- Real-time anomaly detection and analysis of transaction data empower financial institutions to prevent fraudulent activities instantly.
- Collaboration and training are essential to combat cyberattacks effectively, as technological innovation must be coupled with human intervention.
- Industry-wide collaboration, balanced data sharing, and transparency in AI systems are crucial to enhance security strategies in financial organizations.
- Greater knowledge sharing and collaboration can fortify long-term security measures and boost industry awareness to combat financial cyberattacks.
- Compliance with global regulations and maintaining auditable pipelines are key solutions for financial institutions to ensure transparency in their AI tools.
Read Full Article
22 Likes
Pymnts
4w
395
Image Credit: Pymnts
Mastercard Ramps Up AI-Driven Offensive Against Scams
- Mastercard is ramping up its AI-driven offensive against scams to enhance security and accessibility in digital transactions.
- Partnership with Feedzai brings AI-driven, real-time analytics into the equation to provide an added layer of protection against scams.
- The partnership allows for immediate action when consumers make transactions by leveraging intelligence from Mastercard's network and data.
- Mastercard aims to address emerging threats like deepfakes and AI-driven scams in collaboration with other players and by integrating innovative solutions into its platform.
Read Full Article
23 Likes
Silicon
4w
182
Image Credit: Silicon
At DeepSeek, Liberal Arts Graduates Give AI Human Touch
- Chinese AI start-up DeepSeek attributes its success to a team of liberal arts graduates responsible for curating training data.
- The graduates bring together knowledge from fields like history, culture, literature, and science to improve the quality of Chinese-language content generated by DeepSeek.
- The human touch in AI interactions has become a selling point for tech companies, with OpenAI and Amazon's new Alexa+ AI assistant incorporating human feedback for better user experience.
- DeepSeek's high-quality training data contributes to its elegantly crafted text and insightful philosophical responses, attracting praise from experts in the industry.
Read Full Article
10 Likes
Medium
4w
820
Image Credit: Medium
The Death of Product Vision: Why Steve Jobs Would Struggle in Today’s Tech World
- Many companies have embraced a fluid Agile, “fail fast” mindset driven by rapid tech innovation without a clear long-term strategy.
- Product strategy is losing focus in today's tech ecosystem, resulting in the creation of commercially unsuccessful products.
- Product management has shifted from a business-driven approach to an engineering-driven approach, often overlooking diverse skill sets necessary for innovation.
- The diminishing role of quality assurance (QA) in the tech landscape is leading to a decline in the user experience and undermining market dominance.
Read Full Article
12 Likes
Medium
4w
271
Image Credit: Medium
DevOps 2.0 is DeliveryOps: The Next Evolution of Software Delivery
- The software development lifecycle (SDLC) is evolving into a software delivery lifecycle (SDLC 2.0).
- DeliveryOps focuses on outcome-driven execution and ensuring efficient software delivery.
- DevOps 2.0 aligns development, testing, and operations towards delivering value to end-users.
- The next era of DevOps will be AI-powered, proactive, and autonomous for efficient software delivery.
Read Full Article
16 Likes
Pymnts
4w
1.2k
Image Credit: Pymnts
Anthropic Raises $3.5 Billion to Develop Next-Generation AI Systems
- Anthropic raised $3.5 billion in a Series E funding round to expand its artificial intelligence offerings.
- The funding will be used to develop next-generation AI systems, expand compute capacity, and accelerate international expansion.
- Anthropic's post-money valuation is now $61.5 billion.
- The company aims to develop AI systems that can collaborate with teams on complex projects and bring outsized impact to organizations.
Read Full Article
27 Likes
Dev
4w
151
Image Credit: Dev
Blockchain and Open Source: Revolutionizing Innovation
- Blockchain technology, combined with open source principles, is revolutionizing various industries.
- The synergy of blockchain and open source brings transparency, collaboration, and innovation.
- Applications include finance, supply chain management, healthcare, and public services.
- The future prospects of blockchain and open source collaboration are vast, promising a more secure and efficient digital world.
Read Full Article
9 Likes
Moneyweb
4w
311
JSE continues its drive to become a more global exchange
- The Johannesburg Stock Exchange (JSE) reported strong financial results for the year ended December 2024, showing growth in various operations beyond just trading.
- Key points include a 10.4% increase in Impact, a rise in Return on Equity (RoE) from 19.4% to 20.2%, and a focus on diversifying non-trading revenue.
- The JSE's cash generative nature allowed for a 5.6% increase in declared dividends as the share price outperformed benchmark indices.
- Efforts to balance growth with costs and investments in tech and innovation have been highlighted, along with partnerships with global players for accelerated delivery.
- The JSE has signed agreements with various global exchanges, aiming to expand its international footprint and attract more international investors.
- Interest in South Africa from international investors has been growing, with significant increases in value traded on the exchange and inbound bond trading.
- Changes in director responsibilities at JSE include the appointment of Ben Kruger as lead independent and others to key committees for governance and sustainability.
- Regarding the trade repository by Strate, JSE supports the move, emphasizing the importance of transparency and stability in markets, especially during crises.
- With only 0.03% downtime in the year, the JSE remains a reliable exchange in Africa, focusing on enhancing transparency and stability in the financial markets.
- Overall, the JSE's strategic efforts towards diversification, global expansion, and solid governance reflect a positive outlook on its future performance.
Read Full Article
18 Likes
Pymnts
4w
428
Image Credit: Pymnts
FinTech Funding Hits 8-Year Low as VCs Embrace AI
- Venture capital investment in the FinTech sector hit an 8-year low in 2023, reaching $21.5 billion.
- Factors such as declining valuation and slowing growth rates contributed to the decline in funding.
- Many VC investors are now focusing on companies involved in generative AI.
- The shift in funding towards AI firms has been significant, with 42% of U.S. venture capital being invested in AI companies in 2024.
Read Full Article
25 Likes
Medium
4w
413
Image Credit: Medium
2. Innovation in practice: mining for diamonds
- Brainstorming may not always be the most effective method for mining new product or service ideas, as studies have shown that group brainstorming can lead to lower quality ideas compared to individual brainstorming.
- Challenges like production blocking, social loafing, and evaluation apprehension can hinder creativity in group settings.
- Techniques like brainwriting, Nominal Group Technique, and Framestorming have been shown to result in more innovative outcomes than traditional brainstorming.
- Other approaches include First Principle Thinking, SCAMPER Method, Design Thinking Workshops, and AI-Assisted Ideation.
- Behavioral and environmental factors like ditching the phone, walking in nature, using different rooms, and embracing constraints can optimize creative thinking.
- Encouraging diverse perspectives and showing vulnerability can lead to more creative solutions in brainstorming sessions.
- The Double Diamond process, popularized by the British Design Council, emphasizes the importance of divergent thinking before converging on ideas.
- Teams should resist the temptation to critique or converge ideas too early in the ideation process to ensure all creative possibilities are explored.
- Embracing crazy ideas can lead to unexpected successes, like the creation of Post-it Notes and IKEA's flat-pack furniture concept.
- The next step after generating ideas is to effectively evaluate them to distinguish valuable concepts from less promising ones.
Read Full Article
24 Likes
TechBullion
4w
365
Image Credit: TechBullion
Design Without Limits: How Bryan Oh Adapts Across Industries
- Bryan Oh, a product designer based in New York City, is known for his adaptability and innovation in solving complex user challenges across industries.
- With a background in both product and graphic design, Bryan has worked in luxury fashion, construction, sports, and technology, tailoring his approach to each industry's unique needs.
- At Superliminal Studio, Bryan collaborates with clients to create impactful digital solutions, blending strategy with creativity for brands like Drake’s and Brooks Brothers.
- His design process emphasizes understanding user needs, ensuring a balance between usability and aesthetics in projects ranging from luxury interfaces to interactive sports platforms.
- Bryan's transition from graphic to product design was driven by a curiosity in user research and experiences, offering him new challenges and opportunities for impact.
- Empathy is central to his design approach, allowing him to tailor solutions to meet diverse user expectations across industries, such as luxury brands and construction platforms.
- Designing for luxury involves creating elegant, impactful user experiences that reflect the core qualities of luxury, focusing on simplicity and functionality.
- Bryan’s focus on narrative-driven design for luxury brands involves building immersive experiences through imagery and interactive elements that align with high-end aesthetics.
- By celebrating user achievements and integrating interactive elements, Bryan enhances user engagement and creates memorable experiences, as seen in projects like Zelos Arenas.
- Bryan views AI as a tool to empower rather than replace human creativity, emphasizing the importance of human connection in design amidst technological advancements.
Read Full Article
21 Likes
Silicon
4w
17
Image Credit: Silicon
Foxconn Breaks Ground On Massive EV Headquarters
- Foxconn, the major assembler of Apple products, has begun construction of a global headquarters for its New Business Development Group in Zhengzhou, China.
- The facility will focus on areas such as electric vehicles (EVs), energy storage, and emerging industries.
- The company plans to spend 1 billion yuan to build the headquarters, which will span 70,000 square meters.
- Foxconn aims to become a significant player in the EV industry, regionalizing production and capturing about 5% of the global EV market.
Read Full Article
1 Like
Silicon
4w
151
Image Credit: Silicon
OpenAI Launches GPT-4.5 AI With More ‘Emotional Nuance’
- OpenAI has launched GPT-4.5 model as a limited preview, with plans to launch GPT-5 later this year.
- GPT-4.5 is available on Microsoft's Azure AI Foundry platform and incorporates new training techniques.
- The model aims to provide more accurate, nuanced, and emotionally-intuitive responses to users.
- OpenAI plans to combine GPT-series models with o-series reasoning models in the upcoming GPT-5.
Read Full Article
9 Likes
Silicon
4w
2.4k
Image Credit: Silicon
Tencent Releases ‘Turbo’ AI Model To Counter DeepSeek
- Tencent has released a new AI model called Turbo S designed for high-speed responses, countering DeepSeek's slower thinking models and aiming to match DeepSeek's capabilities.
- Turbo S is cheaper to use, following the low-cost, open-source model set by DeepSeek.
- Alibaba has also released a new AI model, claiming better performance than DeepSeek-V3 and revealing plans for significant investment in AI development.
- Baidu, another Chinese tech giant, has shifted its strategy to open-source for its Ernie LLM model, previously arguing that closed-source is the only viable model for AI development.
Read Full Article
7 Likes
Pymnts
4w
124
Image Credit: Pymnts
Arculus: Balancing Security and User Experience Is Blueprint for Payments Innovation
- Enhancing payment security without compromising user convenience is a key focus in payments innovation.
- Arculus/CompoSecure prioritizes the end-user experience while meeting the security needs of financial institutions.
- They adopt a lean startup mindset, iterating quickly to incorporate new ideas and meet customer expectations.
- Arculus by CompoSecure aims to enable secure and seamless digital transactions in the future.
Read Full Article
7 Likes
For uninterrupted reading, download the app