More Banks Are Beginning to Acquire Fintech Startups


Since 2013, only 18 fintech startups were acquired by just 10 of the top 50 US banks.

Eight of the acquisition took place in 2017, the most seen in any year across the time period.

Source: More Banks Are Beginning to Acquire Fintech Startups

For the Love of Liberation: Let’s Stop Belittling Others and Start Organizing


The road to better insights, which many of us are still actively traveling on, is often marked by people who take the time to help us learn and grow, and who don’t belittle others simply because they’re not as informed.

During difficult times like these we’re living in, there will always be people who are prone to behave in desperate ways. Some are ready, willing and able to quickly betray themselves and/or others for anything that even just slightly appears to resemble relief or security.

They may be capable of committing themselves to the same political missteps that helped lead us all to this despicable moment we’re in.

Actual progress and change can die and do die at the hands of an overzealous optimism that relies on the same to give us anything new.

Source: For the Love of Liberation: Let’s Stop Belittling Others and Start Organizing

The perils of going digital with an imperfect design

[India]


.. digitization is actively being looked upon as a solution to numerous challenges. However, it is often forgotten that digitization is merely a mode for delivery of solutions and not the solution itself.

While digitization of a process may help in enhancing the outreach, its design process must establish clear objectives and an inclusive and good planning.

.. The agricultural lard records available online are not free of errors; also these cannot be used for legal purposes (as the website itself claims). In short, the government assumes no responsibility for the land records, they have facilitated on their websites.

In fact, the entire process has become even more cumbersome than before, thanks to the entry of another layer of authentication, the tehsildar.

Source: The perils of going digital with an imperfect design

Google’s app network quietly becomes huge growth engine


Google has lured app developers from competitors by lowering commissions and simplifying software. And it is increasingly satisfying advertisers with hot new formats such as video.

But it has come at a cost. Google is growing by giving app and website creators a bigger chunk of ad sales.

Source: Google’s app network quietly becomes huge growth engine

Nakasone tapped to take over NSA and CyberCommand | FCW


Army Cyber Commander Lt. Gen. Paul Nakasone became the Army’s cyber commander in 2016 and previously led the Cyber National Mission Force at U.S. Cyber Command.

He also has combat leadership experience, commanding on multiple levels from company to corps, and was formerly the J2, International Security Assistance Force Joint Command intelligence director in Kabul, Afghanistan. He also served under former NSA director Gen. Keith Alexander.

Source: Nakasone tapped to take over NSA and CyberCommand — FCW

Nobody really knows why stock markets went haywire last week | Quartz


When, in the parlance of a trading desk, markets are puking, there’s a mad rush to explain to the world what just happened. Analysts are expected to provide useful color to clients.

Newswire journalists are dispatched to hunt down quotes and information.

Big newspapers are expected to write definitive summaries of the episode.

And while that’s happening, television networks are commenting in real-time. There’s usually some hand-waving about algorithms.

“Nobody knows why” isn’t an acceptable answer.

Source: Nobody really knows why stock markets went haywire last week — Quartz

Israeli tech firm undercuts facial recognition to bolster privacy


The startup, called D-ID, says it has developed a “firewall” to block facial recognition, the ubiquitous technology that can now unlock smartphones, tag friends on Facebook, or help police pick out an individual hiding in a crowd.

The problem is that with facial recognition on the rise, hackers have a new target: huge reservoirs of profile pictures linked to personal information.

Source: Israeli tech firm undercuts facial recognition to bolster privacy

New CLOUD Act splits industry, civil liberty orgs | FCW


A revamped bill that seeks to clarify the conditions under which U.S. law enforcement can legally access data owned by domestic companies but stored overseas is causing a rift in the uneasy alliance that has formed between tech giants and data privacy advocates.

The legislation is in large part an attempt to resolve lingering legal questions around a major case pending before the Supreme Court, Microsoft Corp. v. United States.

At its heart, the case deals with whether the provisions of the 1986 Electronic Communications Privacy Act that allow the government to compel disclosure of wire and electronic communications are subject to geographical and territorial limitations.

Source: New CLOUD Act splits industry, civil liberty orgs — FCW

MaxSpace | A breakthrough in conduit space maximization


The MaxSpace Conduit Space Recovery Unit uses a split metal sleeve to protect the active cable while the innerduct is extracted.

Rigid innerduct is then drawn into the machine using opposing drive wheels that force the innerduct through four cutting blades, slicing the innerduct into quarters.

The sliced innerduct is then fed into a chipping machine and compressed into disposal bags.

Source: MaxSpace | Products | MaxCell

Open Fiber builds 200Gbps Rome-Florence connection, scalable to 400Gbps

Italian wholesale provider Open Fiber has started a commercial trial of a 200Gbps connection between Rome and Florence as part of its Zion backbone network.

Open Fiber, which is part-owned by electricity company Enel, says that the fibre is software-controlled and can be scaled down to 100Gbps or up to 400Gbps.

“Where typically the big fiber links stop at 40Gbps in Italy, we are the first in Italy and among the first in Europe to achieve these performances,” said Stefano Paggi, Open Fiber CTO.

Source: Open Fiber builds 200Gbps Rome-Florence connection, scalable to 400Gbps