This development will help open up the banking sector in the Middle East, Asia, and Africa. Already Canadian and Indonesian firms have gained sharia-compliant certification for their banking products. The Islamic Research and Training Institute, the research arm of the Islamic Development Bank (IDB), said it plans on using blockchain technology to develop sharia-compliant banking…
Investors are increasingly looking to reap in the benefits of cutting edge industrialization with hi-tech software prowess such as machine learning and artificial intelligence. No wonder, European Companies, including Siemens and ABB, have become a favorite among investors. Investment funds who are looking to reap rich rewards at the intersection of European efficiency and technology…
If the deal goes through it will not only be Cisco’s second biggest acquisition this year but will also strengthen its foothold in the telecommunications market as well as diversify its offerings and services. As per a source familiar with the matter at hand, Cisco Systems Inc, the world’s biggest manufacturer of networking gear is…
It would appear that JPMorgan’s CEO, Jamie Dimon is wooing millennials with this tech savvy approach which not only brings in significant cost savings while enlarging the bank’s reach and tapping potential new clients where it does not have a brick-and-mortar presence. On Monday, in its first ever offering of online bank accounts, JPMorgan Chase…
Data centers are set to be key engines for growth in an increasingly digital world. On Saturday, the Nikkei, a Japanese news daily has reported, Mitsubishi Corp, a Japanese trading house, plans on setting up a joint venture with Digital Realty Trust, a U.S. data center operator, to bold 10 data centers in Japan by…
The technology partnership will allow firms to pursue their global ambitions. In a development of widespread implications, Nasdaq Inc has announced the signing of a pact with Singapore Exchange Ltd which will allows firms to tap both stock exchanges simultaneously under the two exchange operators’ namesake exchanges. The deal is expected to significantly help fast…
The A330neo is widely expected to keep the crown of the lucrative 250-300 seat market. On Thursday, in a development that gives wings to Airbus dreams, the upgraded version of its profitable A330 jet that is designed to give Boeing’s 787 Dreamliner a run for its money took to the sky for the first time.…
The most active corporate investors in blockchain companies are Google and Goldman Sachs, says a new report. Cryptocurrencies like bitcoin are based on the blockchain technology. But promising cheaper and faster processes, from industries from finance to insurance, it is also being developed for use. according to a report by data firm CBI Insights published recently, just…
Quayside is an upcoming waterfront project in Toronto’s Lake Ontario which Alphabet is developing as a smart city. Canada has contracted Alphabet Inc to plan a mixed-use development along Toronto’s Lake Ontario waterfront using smart urban design and cutting edge digital technologies. As per Sidewalk Labs, a unit of Alphabet which develops new technologies for…
Microsoft’s internal database contains description of vulnerabilities of its widely used products, including its Windows operating system. This treasure trove of critical information, guarded by just a password, was accessed by hackers in 2013. According to 5 former employees of Microsoft, a highly sophisticated group of hackers had managed to break into Microsoft’s network security…
