Tech update featuring Google, IBM and Oracle

Image result for Tech update featuring Google, IBM and OracleGoogle invents AI that predicts when machine learning models will work

Search engine giant, Google has created an “off-policy classification,” AI that will predict which machine learning models will produce the best results. This solution will function off reinforcement learning, along with image inputs and scales to tasks, such as vision-based robotic grasping. The tech will also be able to learn from older data and then teach several other models based on the collected dataset. Among those, the best one will be selected based on what machine learning model is needed.

Oz lenders and IBM team on bank guarantee blockchain platform

IBM has joined forces with ANZ, Commonwealth Bank and Westpac and shopping centre giant Scentre Group to pilot a blockchain-based platform for managing bank guarantees. The new platform Lygon, uses blockchain to reduce time while also promising to reduce the risk of fraud and errors. The partners are now focusing on an eight week pilot involving lease holders with outlets in Scentre centres that use live data and transactions. Following the pilot, Lygon plans to offer access to the platform and add support across industries.

Google Cloud Platform courts Oracle database users with HPC Computing

Cloud services provider and consulting company OEM Atos announced that two highperformance computing (HPC) regional extensions are being created in Google Cloud data centres that will feature Atos’ BullSequana S servers. Oracle database users can leverage Atos’ HPC systems and the artificial intelligence (AI) and machine learning capabilities inherent in Google Cloud. The offering will be available in from the Google Cloud console through the Google Marketplace.

FCA proposes ban on sale of crypto-derivatives to retail consumers

The FCA considers the sale of derivatives and exchange traded notes (ETNs) as ill-suited to retail consumers who cannot assess value ad risks of derivatives and ETNs that reference certain crypto assets. The FCA is consulting a ban on the sale, marketing and distribution to all retail consumers of all derivatives unregulated transferable crypto assets by firms acting in, or from, the UK.

Fintech firm PayNearby acquires We Care to enter insurance broking sector

Hyperlocal fintech company, PayNearby has announced its entry into the insurance broking sector following the acquisition of We Care Insurance Broking Services Pvt Ltd for an undisclosed amount. The acquisition was made soon after PayNearby was granted insurance broking licence. It focuses on Aadhaar-based banking services, domestic remittances and bill and card payments. The company is to launch a new product InsureNearby and will sue its

OutSystems launches new AI  capabilities to accelerate Smart App Development in APAC

Outsystems has added AI and machine learning capabilities to its low code development platform, giving power to the Asia Pacific region of automation to create self-service portals, respond to text and voice queries and improve customer service. The new AI capabilities enables developers to build new channels of engagement into their apps and helps to connect customers and users with the information they need at any given time.

[“source=financialdirector”]