Banks need to strike the right balance for digital transformation

Every financial institution is looking to digital transformation to meet rising customer expectations for speed and convenience, lower its operating cost, and fend off competition, including from tech companies moving into financial services. Some are spending over 10% of yearly revenue on technology investments, according to Bloomberg. “This is a huge investment and most financial institutions cannot support this for the long term,” says Michael Fei, SME banking CEO at OneConnect Financial Technology, an associate of Ping An Insurance.

The covid-19 pandemic has revealed how even financial institutions that considered themselves digitally advanced are, in reality, still wedded to analog processes along the chain of processing.

“For many financial institutions, this has been a wake-up call,” says Fei. “In the past, many had thought that if they have an online portal and a mobile application then that’s enough. But now they’ve realized it’s not. Some banks have online portals … Read more

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These five AI developments will shape 2021 and beyond

The year 2020 was profoundly challenging for citizens, companies, and governments around the world. As covid-19 spread, requiring far-reaching health and safety restrictions, artificial intelligence (AI) applications played a crucial role in saving lives and fostering economic resilience. Research and development (R&D) to enhance core AI capabilities, from autonomous driving and natural language processing to quantum computing, continued unabated.  

Baidu was at the forefront of many important AI breakthroughs in 2020. This article outlines five significant advances with implications for combating covid-19 as well as transforming the future of our economies and society.

1. AI and vaccine development

The trend—and why it matters. It typically takes years, if not decades, to develop a new vaccine. But by March 2020, vaccine candidates to fight covid-19 were already undergoing human tests, just three months after the first reported cases. The record speed of vaccine development was partly thanks to AI models … Read more

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We may have only weeks to act before a variant coronavirus dominates the US

The US may face a rapidly closing window to bring a suspected extra-contagious variant of covid-19 under control.

If the variant strain, first spotted in the United Kingdom, is as infectious as some suspect, it could dominate US case numbers by March, send covid-19 deaths to unprecedented levels, and collide with the rollout of vaccines, research suggests.

British scientists fear that the new strain, which they say is 50% to 74% more transmissible (meaning the average case generates even more follow-on infections), has put wings on the feet of the pandemic in the UK, where covid-19 case numbers have risen swiftly.

More than 20 other countries have now also spotted the variant, including the US, where it was first reported on December 29 in Colorado. According to the US Centers for Disease Control and Prevention, as of January 11 there were 72 confirmed variant cases in 10 states. … Read more

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Jumbled-up sentences show that AIs still don’t really understand language

Many AIs that appear to understand language and that score better than humans on a common set of comprehension tasks don’t notice when the words in a sentence are jumbled up, which shows that they don’t really understand language at all. The problem lies in the way natural-language processing (NLP) systems are trained; it also points to a way to make them better.

Researchers at Auburn University in Alabama and Adobe Research discovered the flaw when they tried to get an NLP system to generate explanations for its behavior, such as why it claimed different sentences meant the same thing. When they tested their approach, they realized that shuffling words in a sentence made no difference to the explanations. “This is a general problem to all NLP models,” says Anh Nguyen at Auburn University, who led the work.

The team looked at several state-of-the-art NLP systems based on BERT … Read more

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Amazon has pulled Parler offline

What’s happening: Parler, a site that bills itself as a “free speech social network” and that was widely used to coordinate the storming of the Capitol last week, has gone offline after Amazon stopped hosting it on Sunday night, citing violations of the terms of service.

Why?: BuzzFeed obtained a copy of the email from Amazon informing Parler of the decision. It said: “Recently, we’ve seen a steady increase in this violent content on your website, all of which violates our terms. It’s clear that Parler does not have an effective process to comply with the AWS terms of service.” Parler had come under mounting pressure over the weekend as Google and then Apple pulled its app from their app stores over its role as a platform used to plan violent, illegal acts and its reluctance to moderate the site more stringently. 

About Parler: Parler launched in 2018 as a … Read more

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We asked, you told us: You don’t think Samsung should kill the Note series

Credit: Oliver Cragg / Android Authority

Multiple recent reports have sounded the death knell for Samsung’s Galaxy Note series. Some say Samsung will completely ditch the phablet line in 2021 while others insist there might be one last Note on its way out next year.

Based on these reports, we asked our readers what they think of Samsung merging the Galaxy Note series with the Galaxy S flagship line. We also asked our audience across YouTube, Twitter, and our website if they want Samsung to kill off the Galaxy Note series completely. Here are the results of both those polls.

Do you want Samsung to merge the Galaxy S and Note series?



Do you think Samsung should kill off the Galaxy Note series?



Results

60.4% of the 1,238 Android Authority readers who voted in … Read more

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OnePlus Nord N10 and N100 will get Android 11…and then that’s it.

Credit: Eric Zeman / Android Authority
  • OnePlus confirmed that the OnePlus Nord N10 and Nord N100 will receive just one Android upgrade.
  • Since the devices ship with Android 10, that means they’ll eventually get Android 11 and then no more upgrades after that.
  • The company did also confirm that both phones will see two years of security updates.

The OnePlus Nord series is brand new in 2020. As such, we don’t have years and years of history to look at when it comes to software upgrades, security support, etc. Up until now, that info has been all up in the air.

Related: OnePlus phones: A history of the company’s entire lineup so far

However, OnePlus recently confirmed to Android Central that the two newest Nord phones — the Nord N10 and Nord N100 — will only receive one software upgrade. Both devices ship with Android 10, which logically means … Read more

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The Charlesworth Group strengthens Hindawi partnership in China

Leading open access publisher Hindawi has extended their partnership with The Charlesworth Group to include digital author marketing in China.

Credit: © The Charlesworth Group
© Hindawi Limited

The services provided by The Charlesworth Group form part of a holistic package of solutions across the entire publication journey to support Hindawi’s author engagement strategy in China. Through this partnership, The Charlesworth Group are now providing Hindawi with comprehensive digital marketing, including a new Chinese website and search marketing campaigns. Charlesworth have provided WeChat account management services and media monitoring to Hindawi since early 2018 and have recently begun offering Hindawi authors optional expert editing services through Charlesworth Author Services.

Through offering these new services, together with the existing WeChat account management service, this partnership can offer deeper author engagement in the China market at a key time for Chinese researchers as institutions begin to map out their publications policy in

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What Is Multimedia Technology?

The outsourcing historical past of India is one of phenomenal progress in a very brief span of time. With telecom auditing, all telecom network and services of the corporate will likely be reviewed and analyzed including the previous and recent telecom bill statements, different accounts, invoices, and procurement contracts. Telecom audits cover reviewing all the company’s records, receipts, books of accounts, equipments utilization, insurance policies, and contracts related to telecommunications. The subsequent area to incorporate is the applied sciences present in the company and other equipment that’s but to be bought. And the last space that a telecom auditor should not miss is the telecom statements of the corporate. This may embody the phone usage policies, equipment contracts, tariff price, and network resource capabilities. The brand new technology above just isn’t all. There are other progressive devices that may danger. Google Car and 3D printer might be dangerous. It is … Read more

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Telecommunications Firm Is Causing A Buzz!

Cranes form an necessary a part of most civil engineering initiatives. By means of AI applications built into web platforms and cellular applications, the social credit score system is intended to ultimately monitor and gather data associated to most every little thing an individual does. In nearly all points, Chinese citizens orchestrate their lives by their telephones. By and huge, China has develop into a cashless society, and nearly all transactions are executed by means of cell, digital expertise. Tencent’s WeChat app is sort of unknown outdoors of China and Southeast Asia, however inside China it has a mobile user base of over one billion individuals. Usually described as the world’s tremendous app, WeChat is used for the whole lot from text, audio, and video messaging to info searches, purchases, banking, private funds, and medical records administration. It’s a compilation, in a single app, of Google, Facebook, Amazon, PayPal, Instagram, … Read more

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US Sanctions Over South China Sea Will Not Have an effect on Blacklisted Chinese Building Big CCCC, Company

Over time, the developments in communication expertise have been fairly troublesome to keep up with. Seven scamware apps present in Google Play and Apple’s App Retailer corralled more than half one million dollars for their builders, in keeping with Avast. The corporate discovered the malicious apps after a 12-12 months-old girl flagged a suspicious app promoted on a TikTok profile by means of its “Be Safe Online” challenge. The HUS Bridge Hospital and extension of the Radiation Care Division funding is valued at about 303 million euros and required more than 8,000 precast items and greater than 4,000 tons of steel. All through the design course of, the 3D fashions played an important position in collaboration, serving to stakeholders visualize the design and coordinating an enormous variety of disciplines and subcontractors. Efficient information administration was important for the project’s sixteen completely different fields of planning and 194 submodels. Augmented and … Read more

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Auto Electronics

Singapore has developed a robotic that carries out nasal swabbing to diagnose COVID-19, in a bid to scale back healthcare employees’ risk of exposure to the lethal coronavirus. Additionally, with the stress- and life-style-associated diseases on the rise, this sector is gaining extra popularity. Worldwide giants, reminiscent of AIG, have partnered with the Tata group. Other such collaborations are Bajaj Allianz and Aviva. Extra persons are going for insurance to assist safe their healthcare wants. Thus, this business is a serious funding area. The professionals of CAD designing company drafts or transforms concept into the software program to create creative design. In correspondence to paper design, drafting helps in creating digital design. The paper design could possibly be any hand drawn sketches or handbook drawing of any constructing. So as to make utterly editable and flexible design, multilayered design is produced. As a part of the deal, Nokia will offer … Read more

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