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News on Medial
Stellantis exploring sale of anonymised data packages to service providers
Reuters
·
1y ago
Medial
Stellantis is considering selling anonymized data packages from its vehicles to service providers, according to executive Sanjiv Ghate. The carmaker wants to obtain customer consent before proceeding and is discussing various types of data that can be sold, such as battery status information for electric cars and traffic data. Stellantis is open to collaborations with other data providers and is willing to make data available to researchers and government agencies with the appropriate licensing.
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Financial institutions double down on more checks for tech partners
Economic Times
·
8m ago
Medial
Regulated entities, such as banks and financial services companies, are reevaluating their data security measures and exploring alternative partnerships following a major data breach at Signzy, a regulatory technology firm. The breach resulted in the leak of customer data from mutual fund firms, banks, and credit card companies. Some affected financial institutions are looking for new partnerships amid concerns about how service providers store sensitive customer data. This incident has raised questions about the security protocols of integrated systems and highlights the need for stricter data protection measures in the industry.
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Exclusive: SoftBank eyeing buyout deals in India to push AI-led IT, BPO operations
Economic Times
·
1m ago
Medial
SoftBank is exploring buyout deals in India, transitioning from a growth investor to a direct acquirer. It's interested in acquiring business process outsourcing firms to integrate AI capabilities, aiming to transform traditional BPOs into tech-enhanced service providers. SoftBank's strategy includes the Stargate Project, a $500 billion initiative to build AI infrastructure, and developing Cristal Intelligence with OpenAI. This push aligns with its plan to invest in AI infrastructure and data centers in India.
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Internet providers have to start using this 'nutrition facts' label that breaks down fees
Business Insider
·
1y ago
Medial
The Federal Communications Commission (FCC) is requiring internet providers to provide customers with a clear breakdown of costs, fees, and internet speeds associated with their plans. Starting April 10, internet companies with more than 100,000 customers must display this information in a simple "nutrition facts" format at all points of sale. Smaller providers have until October to implement these labels. The labels must include details such as introductory rates, data allowances, contract terms, early termination fees, and links to network management practices and privacy policies. The goal is to help consumers make informed decisions when selecting internet service plans.
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RBI moves to regulate PoS payment players
Economic Times
·
1y ago
Medial
The Reserve Bank of India has released draft rules to regulate point-of-sale payment service providers (PA-P), including companies like Innoviti Payments and Pine Labs. The draft rules require these providers to apply for authorization from the RBI by May 31, 2025, and cease their services if authorization is not obtained. The RBI also emphasized enhanced customer due diligence and KYC compliance for these providers, as well as the classification of merchants into small and medium categories. The guidelines aim to strengthen the regulation of the digital payments ecosystem.
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Europe is looking for alternatives to US cloud providers
Arstechnica
·
4m ago
Medial
In reaction to concerns about privacy, data access, and a changing political landscape, Europe is exploring alternatives to US cloud providers. European organizations, citing fears of US tech companies being weaponized against their interests, are considering moving away from dominant providers like Google Cloud, Microsoft Azure, and AWS. Increased reliance on European cloud firms like Exoscale and Elastx reflects a desire for technological independence. However, shifting away from established services poses challenges due to infrastructure complexities.
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Swiggy trials catering service to boost revenue
The Arc Web
·
1y ago
Medial
Food delivery giant Swiggy is piloting a catering service in select neighborhoods of Bengaluru, inspired by the demand for bulk orders on their app. If successful, this venture could significantly increase the company's profit pool and potentially expand to other cities. Swiggy's main competitor, Zomato, is reportedly considering a similar move. Catering could offer higher profit margins as it involves larger orders. Both companies are aiming to further monetize their customer base by offering subscription packages and exploring different avenues in the food industry.
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Software firm PDRL launches SaaS platform BhuMeet to connect farmers, drone service providers
Economic Times
·
11m ago
Medial
Software firm PDRL has launched BhuMeet, a SaaS platform that connects drone service providers with farmers. The platform allows users to find and hire drone service providers based on their records and proximity, increasing efficiency and localized service delivery. PDRL's BhuMeet aims to bridge the gap between farmers and reliable drone service providers, empowering the agricultural community to leverage drone technology. The app is currently available in select regions of South India and Gujarat as a pilot project, with plans to expand nationwide by the end of 2024. It already has over 100 service providers lined up for onboarding.
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Ubicloud wants to build an open source alternative to AWS
TechCrunch
·
1y ago
Medial
Ubicloud, a startup founded by the team behind Citus Data, aims to offer affordable bare-metal servers from providers like Hetzner, OVH Cloud, Leaseweb, and AWS, along with a layer of core cloud computing services. The company currently focuses on a few core components like compute, PostgreSQL database service, networking capabilities, and access controls. Plan to add more features like block storage and a Kubernetes-based container service is underway. Ubicloud aims to simplify the developer experience at a lower cost compared to large cloud computing providers. The company recently raised a $16 million seed round.
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The biggest delivery business in the U.S. Is no longer UPS or FedEx
Livemint
·
1y ago
Medial
Amazon.com has overtaken UPS and FedEx as the largest delivery business in the United States. Internal Amazon data and sources familiar with the matter reveal that the e-commerce giant has delivered more packages to American homes in 2022 than UPS, and is predicted to widen the gap this year. While the US Postal Service remains the largest parcel service by volume, Amazon's rapid growth and changes in strategy at its competitors have shifted the balance.
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FY24 Sees Slowest Point of Sale Growth Since Demonetisation
Inc42
·
1y ago
Medial
In March, there was a 32% decrease in debit card transactions at merchant outlets compared to the previous year. However, the adoption of QR codes and UPI payments through platforms like PhonePe, Google Pay, and Paytm has doubled in the past two years. The deployment of new Point of Sale (PoS) terminals increased by 14% between March 2023 and 2024. The government's mandate for zero Merchant Discount Rate (MDR) is encouraging merchants to shift to UPI payments. The number of credit cards issued in India has surpassed 100 million. RBI has issued draft rules to regulate point-of-sale payment service providers.
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