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Industry Dynamics

UK’s Information Commissioner’s Office (ICO) Fine Facebook Half A Million Pounds

Facebook is to be fined £500,000, the maximum amount possible, for its part in the Cambridge Analytica scandal, UK’s Information Commissioner has announced. The fine is for two breaches of the Data Protection Act. The Information Commissioner’s Office (ICO) concluded that Facebook failed to safeguard its users’ information and that it failed to be transparent about how that data was ... Read More »

LexisNexis Risk Solutions Invests in Creation of Dedicated Global Connected Car Team

LexisNexis Risk Solutions Invests in Creation of Dedicated Global Connected Car Team to Enable Automakers to Deliver Next Generation Services.  Specialist 35-strong team to grow to 100 employees within five years to enable automotive manufacturers to provide customers with mobility and connected car services. LexisNexis Risk Solutions has made a multi-million dollar investment in the formation of a new global Connected ... Read More »

Tech Giants `Nervous’ as Judge Drafts First Data Rules in India

Former Supreme Court judge Srikrishna is leading the effort to draft new data-privacy laws for India that will regulate how tech giants from the US and elsewhere operate in the nation of 1.3 billion. His recommendations carry particular weight because India is already the biggest market for companies like Facebook and offers enormous potential for dozens more. The committee Srikrishna ... Read More »

Blockchain Application: Four Banks Go Live on we.trade Blockchain Platform

The we.trade blockchain platform is now live across 11 European countries, with four banks closing seven trade transactions.  The pilot transactions, which took place over the last five days, were carried out by 10 companies across five countries. The four banks involved were HSBC, KBC, Nordea and Rabobank. Powered by Hyperledger Fabric, we.trade is a solution for managing, tracking and ... Read More »

Alibaba Seeks to Eliminate Middlemen in Blockchain Payments Patent

Alibaba has been exploring the use of blockchain technology to speed up international payments, according to a new patent filing. The patent application – “A System and Method That Adjusts Account Balance on a Blockchain” – was filed with the China State Intellectual Property Office in January of this year and was revealed on Friday. Aimed to tackle the broad ... Read More »

Blockchain: What Business Executives Need To Know

Almost every board of directors and senior business leader knows of the blockchain. Not all are fans of cryptocurrency, but all seem to be deeply interested in exploring the business impact of the distributed ledger that makes crypto-currencies work. There are quite a few interesting use cases out there. Some may hold great potential. But there are also lots of interesting ... Read More »

Itentity Management: Infutor Launches ‘ReachSmart’ Targeting Tool

In the US, data-driven consumer identity management firm Infutor has launched a solution called ReachSmart Digital ID, to help marketers reach more of their precise target consumers. Infutor’s solutions help marketers to target consumers’ before, during and in between engagements’. Last year, the firm launched a predictive consumer intelligence marketplace solution called Auto In-Market, which uses consumer identities and predictive analytics ... Read More »

Ant Financial Launched a Blockchain-based Remittance Service

Ant Financial launched a blockchain-based service that lets Hong Kong’s large Filipino working population send funds to family back home quickly and securely. For now, the program is in a three-month trial period during which transaction fees will be waived. “We are very excited to introduce this new remittance solution to our users in Hong Kong, and in particular to ... Read More »

Is GDPR Good For SME Data?

Small and midsize businesses face a unique set of challenges when addressing compliance with the EU’s General Data Protection Regulation. In many ways they’re under more pressure than larger firms because resources are usually limited, making penalties for noncompliance potentially disastrous. Allocating enough money to overhaul content procedures can limit opportunities for short term growth. In fact, a recent survey ... Read More »

Paytm Makes Inroads Across Rural India

Mobile wallet company Paytm said its service was now used in 300,000 villages in its home market of India, a statistic it attributes partly to the success of the country’s digitization drive. In a blog, it also revealed its merchant network in small towns had grown to more than 3 million retailers, which registered similar transaction sizes as peers in ... Read More »

Infogroup Sees ‘Tremendous Growth Potential’ With Credit.net

Hires Proven Industry Specialist to Lead Team Infogroup announced that Eric Kider has joined Credit.net as general manager to further develop credit opportunities for small- and mid-sized businesses. Credit.net provides in-depth information on businesses of all sizes, including small businesses, to empower people with the ability to make smarter business credit decisions. “Our leading business database, with its unique depth and ... Read More »

Indian Committee on Data Protection to Submit Report on July 15 2018

The Justice BN Srikrishna-led committee on data protection created by the Centre will submit its report on July 15. The announcement was made by former Supreme Court judge Srikrishna on June 29. The committee was formed in July 2017 by the government to deliberate on a data protection framework for the country. Secretary, Department of Telecom (DoT) Aruna Sundararajan, CEO ... Read More »

Analytic Company Cursor Launched by Former LinkedIn Senior Employee

Adam Weinstein, a former senior employee at LinkedIn, quit last year to start his own data analytics company, Cursor.  Cursor lets users inside a company search for data across different departments, databases, and platforms. The company launched two months ago, and teams at Apple and Slack already use the program. Adam Weinstein was a senior employee at LinkedIn when he ... Read More »

Blockchain: Food Chains Band Together to Monitor Food from ‘Farm to Fork’ 

Some of the biggest grocery operators in the world are getting together to set blockchain standards so that products in the food supply chain can be monitored from “farm to fork”. More than 1 million products across 50 food categories will eventually become part of the blockchain initiative.  Once these large companies adopt blockchain standards and requirements for how you will ... Read More »

Acxiom Is Selling its Core Marketing Solutions Business for US$2.3bn in Cash

Perhaps this will be the marketing services breakup of the year.  Acxiom is selling its Marketing Solutions Business (AMS)  The remaining business to be renamed LiveRamp which will eventually be sold.  In essence the Acxiom Corporation is in the process of dissolving itself and to return the value to shareholders. Acxiom® (Nasdaq: ACXM) announced that it has entered into a definitive agreement to ... Read More »