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EXTENDED REALITY TECH OFFERS GREAT BENEFITS TO TEXTILE COMPANIES – BUT THEY MUST ADDRESS THE SECURITY VULNERABILITIES



INTRODUCTION – SERIES

 

A series of reports from WTiN is exploring the need for the textile and clothing sector to protect itself against attacks from cybercriminals as it invests in new transformative Industry 4.0 technologies – extended reality, artificial intelligence and the Internet of Things.…

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ASIAN PAINT AND COATING REGULATORY ROUNDUP - INDONESIAN INITIATIVE FOCUSES ON REMOVING LEAD FROM PAINTS



Indonesia’s industry ministry launched an initiative in February (2020) aimed at eliminating lead used in paint made and sold in the country. It involves the Indonesian paint industry, is part of the United Nations Environment Programme’s (UNEP) Strategic Approach to International Chemicals Management (SAICM) project and is funded by the Global Environment Facility (GEF), an international investment body.…

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INDIA: BANKNOTES FOR VOTES CORRUPTS BUSINESS ENVIRONMENT

INDIAN authorities have seized more than US$120 million worth of unaccounted cash during the six-week long general election that concluded in May. Law enforcers have warned that this could be for vote buying, making a future government susceptible to corruption, promoting graft in business. Raghavendra Verma reports from New Delhi.

AS the afternoon heat ebbs in the middle of this Indian summer, a police team block a major highway outside the city of Nashik, in the western state of Maharashtra, rolling in wheeled yellow-coloured barricades. Soon a traffic jam builds up and policemen move from one car to another in search for cash, often hidden in door cavities or spare wheels.With…

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GERMANY’S PERSONAL CARE PRODUCT SECTOR’S INCREASING WELLNESS ORIENTATION IS UNDERPINNING FUTURE GROWTH



 

THE GERMAN personal care products market turned out to be an “element of stability” in an otherwise sluggish economy in 2019, according to the country’s cosmetics industry association Industrieverband Köperpflege- und Waschmittel (IKW). German consumers spent EUR14.04 billion (USD15.55 billion) on personal care products, including shampoo and decorative cosmetics in the past year, 1.8% more than in 2018.…

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AML AI FACING RFEGULATORY APPROVAL PROBLEMS. BUT IF THESE ARE OVERCOME, THE TECHNOLOGY COULD BECOME WIDESPREAD



Artificial Intelligence (AI) and machine learning are being touted as game-changing solutions to improve the detection of financial crimes, including AML/CFT, but despite some promising results there are obstacles to roll-out, not least regulators’ ability to green-light new technologies as well as effectively utilise the data they produce.…

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PAKISTAN DIGITAL TEXTILE MARKET EXPANDING, WITH MUCH MORE GROWTH TO COME



With Pakistan’s digital textile printing industry production growing at an average of at least 5% annually in recent years, according to the All Pakistan Textile Mills Association (APTMA), with the country’s digital textile printing industry being an important focus of investment in a sometimes-troubled textile sector.…

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NATURAL AFRICAN LOOKS INCREASE IN PREDOMINANCE AS SUB-SAHARAN BEAUTY MARKETS BECOME MORE SOPHISTICATED



Beauty markets in sub-Saharan Africa are becoming more sophisticated, and with this comes an increasing desire by consumers to use cosmetics that better match their own skin and hair characteristics, rather than utilising products that of more universal appeal.

Nigeria’s personal care product industry continues to grow, and given its population is the largest in Africa – now estimated by the United Nations at 200 million – this market inevitably has the most potential in the continent.…

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COMPUTER VIRUSES PROLIFERATE, WHILE HACKERS GET SMARTER ABOUT HOW TO TARGET THEIR VICTIMS, EXPERTS WARN



As internet-enabled devices proliferate, there are some 400,000 new malware (malicious software) samples a day being released, according to Paul Ducklin, a principal research scientist at Sophos, a British security software and hardware company.

There are currently more than 7 billion devices connected to the internet, a number forecast to reach 10 billion by 2020, according to Germany-based internet of things consultants IoT Analytics.…

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WILL 6AMLD STOP EU CRIMINALS SHOPPING AROUND FOR BEST REGIME?



The new so-called European Union (EU) sixth anti-money laundering directive that harmonises penalties for money laundering across the bloc is a key back up to the EU’s existing AML legislation. While dubbed the sixth anti-money laundering directive (6AMLD), Directive (EU) 2018/1673 on combating money laundering by criminal law (https://eur-lex.europa.eu/eli/dir/2018/1673/oj

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NEW FINTECH SERVICES DEVELOP FAST ANTI-FRAUD CHECKS THAT DELIVER SECURITY AND SWIFT CUSTOMER SERVICE



A harmonisation of regulatory frameworks and increased sharing of data between financial institutions may help overcome the “metronomic tension” within financial businesses balancing effective fraud detection and low user friction, say experts. With more challenger banks delivering services, real-time checks based on artificial intelligence (AI) and robotics may ensure the speed customers expect in digital transactions does not compromise security, including during onboarding.…

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