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Sumitomo Mitsui Launches App for Personal Loan to US Residents

13Jul By AdityaNo Comments

BUSINESS

Sumitomo Mitsui Launches App for Personal Loan to US Residents

TOKYO, July 13, 2023 -- Sumitomo Mitsui Financial Group announced that it has begun providing personal loans to U.S. residents through Jenius Bank, a division of Manufacturers Bank. California based state-chartered bank is a wholly-owned subsidiary of SMBC Group. Jenius Bank creates an opportunity for SMBC Group to deepen and expand its U.S. business, providing scale and growth potential in the U.S. consumer banking market. Starting with a 270-strong workforce, the digital banking service targets some tens of billions of yen (hundreds of millions of dollars) in net profit within 10 years, said Daisuke Tanaka, an executive at the bank's corporate development group. By taking a different approach to conventional banking services, Jenius Bank will operate as a digital bank withou...

11Feb By AdityaNo Comments

CHINA

China ban Clubhouse app, used for political discussion

BEIJING (AP), 11th Feb 2021— Zeng Jiajun, a former tech worker, fell in love with social media app Clubhouse, a window through the ruling Communist Party’s pervasive censorship, after listening to a freewheeling discussion between members of China’s Uighur minority and Han majority that wound up lasting 12 hours. Thousands of Chinese flocked to the app, which allowed unfettered discussion with people abroad about democracy, Taiwan and other sensitive topics at a time when President Xi Jinping’s government is increasingly hostile to independent voices. “This kind of communication is rare,” Zeng said. “Hearing someone’s voice can make both sides realize we’re all human.” On Monday, that window slammed shut when Chinese users lost access to Clubhouse, adding it to thousands of websit...

4Feb By AdityaNo Comments

ACQUISITION

Travel App Ixigo acquires Confirmtkt

Travel app ixigo acquire 100 percent shares of Bengaluru-based online train discovery and booking platform Confirmtkt in an undisclosed cash and stock deal. The founders of ixigo will join the Confirmtkt board and existing investors of Confirmtkt, including Venture Catalysts, will be exiting the company fully as a part of the deal, ixigo said in a statement on Thursday. Both companies will continue to run independently, post this acquisition. Ixigo and Confirmtkt are official IRCTC B2C premium ticketing partners for online train reservations in India. "This deal will help the group to consolidate its presence in Tier 2/3/4 markets with its combined user base of nearly 200 million Indians", the statement said. Aloke Bajpai and Rajnish Kumar, Co-Founders, ixigo, said, "The combin...

Synechron acquires Australian Tech firm Attra

12Dec By AdityaNo Comments

ACQUISITION

Synechron acquires Australian Tech firm Attra

Melbourne, 12th December 2020: IT company Synechron acquire Australian technology services and solutions provider firm Attra. Synechron did not disclose the deal consideration but announced that the acquisition is its biggest yet and will increase top-line by USD 100 million to USD 650 million, and also add 2,000 employees to take its overall headcount to over 10,000. Melbourne-headquartered Attra was incorporated in 1995 and provides consulting, application development, maintenance and engineering services to clients across the payments value chain worldwide, as per a statement. "The acquisition of Attra enables us to strengthen our service offerings. The enhanced competencies that Attra brings will allow us to further advance our clients'' banking and digital payment technology ...

The Story behind Paytm App delisting from Google Play Store

5Oct By PriyankaNo Comments

BLOGS

The Story behind Paytm App delisting from Google Play Store

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Note: The article was written by Paytm Team on its blog first and we copied the article and published it here. The article represents their side of views. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Suddenly UPI cashback is called an “Online Casino” by Google. On Friday, 18 September 2020, India’s most preferred payments and financial services app – Paytm wa...

Paytm Launches its Own App Mini Store after Google Hit

5Oct By PriyankaNo Comments

News

Paytm Launches its Own App Mini Store after Google Hit

New Delhi, 5th Oct 2020: India's leading payment app Paytm has launched its own mini-app store to support local app developers after Google ban its payment app without sending an official email to the company. Paytm being temporarily removed from Google’s Play Store on 18th September for violating developer guidelines. Also, Google proposes a 30% commission from the Indian app developers through its in-app billing system but facing backlash Google delays this decision to April 2022. Paytm in its official statement said, the mini-app store will help developers take their products to the masses and is providing listing and distribution of these mini-apps within its app. More than 300 apps, including Decathlon, Ola, Rapido, Netmeds, 1MG, Domino’s Pizza, FreshMenu, NoBroker, have join...

Google Launched Verified Calls Phone App

10Sep By AdityaNo Comments

Tech

Google Launched Verified Calls Phone App

Search giant Google has announced Verified Calls feature for its Phone app. The company said in its blog post that Verified Calls aims to solve this problem by showing the caller’s name, logo, the reason for calling and a verification symbol indicating the business has been authenticated by Google. This is done in a secure way and Google doesn’t collect or store any personally identifiable information after verification. The reason to launch this phone app is a 2019 FTC report found that phone calls were the number one way people reported being contacted by scammers. While most people said they hung up on those calls, those who lost money reported a median loss of $1,000. Spam and scam calls erode trust in businesses and increase costs to consumers. Google Verified Calls will ini...

BrowserStack Acquires Bay Area Company Percy

10Jul By AdityaNo Comments

ACQUISITION

BrowserStack Acquires Bay Area Company Percy

SAN FRANCISCO, July 10, 2020 -- BrowserStack, the world's leading web and mobile app testing platform, today announced the acquisition of Percy, the leading visual testing and review platform. With this acquisition, developers and quality assurance (QA) teams can run everything from visual tests to manual and automated functional tests on BrowserStack's infrastructure and ship high-quality software at speed. Today, agile teams deploy code to production hundreds of times a day. Maintaining this release velocity without introducing visual bugs is close to impossible. Percy helps teams automate visual testing by capturing screenshots and comparing them against the baseline, and highlighting visual changes. With increased visual coverage, teams can confidently deploy code changes with every...

US looking at banning TikTok & other Chinese apps

7Jul By PriyankaNo Comments

USA

US looking at banning TikTok & other Chinese apps

Washington, Jul 7, 2020: Secretary of State Mike Pompeo said the US is "certainly looking" at banning Chinese social media apps, including TikTok, days after India blocked the popular video-sharing platform. India banned 59 apps with Chinese links, including TikTok and UC Browser, on June 29, saying they were prejudicial to sovereignty, integrity and security of the country. During an interview on Monday with Fox News'' Laura Ingraham, Pompeo said that he and President Donald Trump are taking the reports seriously after he was told by the host that India had already banned the app and Australia is considering doing so. "We are taking this very seriously and we are certainly looking at it. We have worked on this very issue for a long time, whether it's the problem of having Huawei ...

15Apr By PriyankaNo Comments

INDIA

Indian Govt App become World’s fastest app to reach 50 mn download

Government's mobile app Aarogya Setu, developed for tracking coronavirus patients, has become the world's fastest app to reach 50 million downloads in just 13 days, Niti Aayog CEO said. Prime Minister Narendra Modi in his address to the nation on April 14 appealed to people to download the app. "Telephone took 75 years to reach 50 million users, radio 38 yrs, television 13 yrs, Internet 4 yrs, Facebook 19 months, Pokemon Go 19 days. AarogyaSetu, India's app to fight COVID-19 has reached 50 mn users in just 13 days-fastest ever globally for an App," Kant said in his tweet. The death toll due to coronavirus rose to 377 while the number of cases in the country climbed to 11,439. Aarogya Setu app alerts people if any known or person in their vicinity has tested positive. Distric...

Gay Dating App Grindr Sold for USD 608 million

9Mar By NitishNo Comments

ACQUISITION

Gay Dating App Grindr Sold for USD 608 million

Beijing, Mar 9 (AFP): One of China''s biggest mobile gaming company is selling popular gay dating app Grindr for USD 608 million after pressure from US authorities concerned over the potential misuse of user data. National security officials in Washington fear the platform which bills itself as the world''s largest social networking space for LGBT people could be used by the Chinese government to blackmail Americans with government security clearances, according to media reports last year. Beijing Kunlun Tech took a majority stake in the app in 2016 and bought the remaining equity two years later for a combined USD 245 million, but was reportedly ordered to relinquish the platform by US officials last year. It will sell a 98.59 percent stake in Grindr to San Vicente Acquisition, a...

30May By PriyankaNo Comments

News

Uber Riders Maybe Blocked from the app

Uber riders prone to rude behavior such as leaving trash or urging drivers to speed may be booted from the app under a policy change that took effect here Wednesday. Uber riders in the US and Canada who have been consistently rated poorly by drivers will soon begin getting notices that they are at risk of losing access to the service. The policy change was rolled out in Australia and New Zealand last year, and recently in India, according to Uber. It is to be expanded to other Uber markets, with timing to be determined. "Respect is a two-way street, and so is accountability," Uber head of safety brand and initiatives Kate Parker said in an online post. "While we expect only a small number of riders to ultimately be impacted by ratings-based deactivations, it's the right thing t...