Category: Tech

Pine Labs profit jumps more than sixfold as India's digital payments boom drives growth

Pine Labs profit jumps more than sixfold as India’s digital payments boom drives growth

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India’s digital payments industry continues to gain momentum, with fintech company Pine Labs reporting a more than sixfold increase in its second-quarter profit, supported by growing demand for digital payment services. The strong financial performance, announced on Thursday, also boosted investor confidence, sending the company’s shares up nearly 6%. The results highlight the growing role […]

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European sovereign AI and cloud services not yet ready for major banks, Temenos CEO says

European sovereign AI and cloud services not yet ready for major banks, Temenos CEO says

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Europe’s push to strengthen its technological independence is gaining momentum, but major banks may have to wait before they can fully embrace European sovereign artificial intelligence (AI) and cloud computing solutions, according to Temenos CEO Takis Spiliopoulos. Spiliopoulos, who leads Swiss banking software company Temenos, said European sovereign AI and cloud initiatives had not yet […]

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Greece passes social media ban for children under 15

Greece passes social media ban for children under 15

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Greece has approved legislation banning children under the age of 15 from using social media platforms, marking a significant step in the country’s efforts to protect young people from potential online risks. The bill was approved by Greece’s parliament on Friday, amid growing concerns about the impact of social media on children’s mental health, safety, […]

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Australia Faces Pressure to Tighten AI Rules After OpenAI Agent Accesses Medicare Government Portal

Australia Faces Pressure to Tighten AI Rules After OpenAI Agent Accesses Medicare Government Portal

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Australia is facing renewed pressure to strengthen its approach to artificial intelligence after an OpenAI AI agent gained unauthorised access to a government Medicare statistics portal earlier this year. The incident, which occurred on June 18, has raised questions about how governments should prepare for increasingly capable AI systems that can independently search websites, interact […]

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CTOS Digital detects unauthorised access, says limited consumer data was affected

CTOS Digital detects unauthorised access, says limited consumer data was affected

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CTOS Digital Bhd has detected unauthorised access to a specific environment supporting its consumer business, with the company confirming that a limited subset of consumer information was accessed during the cybersecurity incident. The credit reporting agency disclosed the incident in a filing with Bursa Malaysia, saying its cybersecurity monitoring systems detected the unauthorised access. Once […]

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