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Tech

Google ditches plans to launch banking app

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Plans to open a all-in-one banking app have been ditched by Google

The tech company has stopped working on its Plex service, which works by allowing users to do their banking via the Google Pay app.

Google’s service was supposed to let users sign up and open new bank accounts offered by a selection of traditional banks. The user would then be able to manage those accounts via the app.

According to a report by the Wall Street Journal, Google canceled the project due to a series of missed deadlines and because an executive who pushed for the project left the company.

The Plex service wasn’t meant to put Google in direct competition with banks, according to reports that came out prior to the company revealing the program.

Instead, Google planned to partner up with financial institutions in order to provide the service, with those banks providing accounts with no monthly account fees or overdraft fees.

Like some other online banks, Google’s app would have let users set things like savings targets and automatic transactions. Some of the banks that the tech giant had hoped to partner up with include Citi bank and SEFCU.

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Experts explore automation, ethics, and new opportunities for AI

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As artificial intelligence reshapes the workplace, companies are now balancing productivity with the ethical use of technology and redefining creativity.

Artificial intelligence is revolutionising business operations, creating new avenues for productivity while raising questions around ethics and creativity.

Many companies now face opportunities to integrate automation sustainably, ensuring AI aligns with their growth strategies.

Experts suggest that AI offers a unique dual benefit—it enables organisations to reduce costs and multiply their workforce’s potential, achieving greater profitability without forcing a choice between efficiency and innovation.

With ongoing legal debates on data use and transparency, proprietary data is emerging as a crucial asset. Ethical and trusted AI relies on a company’s own data to ensure models are fair and reliable.

Looking forward, the focus is shifting toward hyper-personalisation, with businesses using AI to give employees more time for meaningful, “human-worthy” tasks.

Nick Smith is the President, CEO, and Founder of Sailes, joins us to discuss the potential of AI in driving sustainable growth

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Cloud technology is driving growth through efficiency and sustainability

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Cloud computing is reshaping industries worldwide, cutting costs and boosting operational efficiency.

Cloud platforms allow businesses to avoid hefty capital expenses on physical servers by adopting a pay-as-you-go model, which is both cost-effective and adaptable.

Beyond cost savings, the cloud enhances productivity, allowing teams to collaborate seamlessly. Industries like healthcare, retail, and finance are seeing significant benefits – from managing patient data efficiently to streamlining inventory and enhancing digital services.

However, cloud adoption comes with challenges. While convenient, cloud costs can spiral if usage isn’t monitored, and complex pricing models make budgeting tough.

Emerging cloud trends, including AI and automation, promise further cost efficiencies.

Subash Banala, Senior Manager at Capgemini joins to share his insights into the evolution of Cloud technology for business.

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TikTok’s unexpected ally: How Donald Trump may be its lifeline

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After facing a potential ban, TikTok might find unexpected support from former President Trump as he returns to the White House.

After a year marked by a fierce legal battle and national security concerns, TikTok may find itself saved by the very man who once fought to ban it in the United States:

Donald Trump. Now President-elect, Trump had previously attempted to prohibit the social media giant during his last term, citing security risks associated with its Chinese parent company, ByteDance.

However, his stance has shifted, and he’s now promising to oppose a ban on TikTok—a move he repeatedly pledged on the campaign trail.

January deadline

ByteDance, embroiled in a court case with the U.S. government, faces a January 19 deadline to divest its U.S. operations, as stipulated by a law signed by President Biden.

Attorneys have requested a ruling by December 6, with potential appeals dragging the decision into Trump’s first 100 days.

The Supreme Court, with its conservative lean, may ultimately be involved if the case continues to escalate.

As TikTok awaits a ruling, its future in the U.S. market may now hinge on Trump’s unexpected support—a striking turnaround for a platform he once opposed.

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