Search Results for: Global Warming⊂mit=Search
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ARTIFICIAL INTELLIGENCE, QUANTUM COMPUTING AND MATHEMATICAL INNOVATION TO BOOST ANTI-FRAUD ALGORITHMS
The ability of computer algorithms to identify outlier behaviour and indicate potential fraud is becoming stronger as IT specialists, mathematicians and AI develop new applications and techniques, offering anti-fraud professionals better tools to unearth and prosecute financial crime.
A McKinsey report from November 2022 (1) noted how companies are using machine-learning algorithms to assess data to maximise fraud detection through reducing false positives and missed fraud.…
SOCIAL MEDIA AND INTERNET SEARCH GIANTS FACE NEW ANTI-FRAUD LIABILITIES UNDER ONLINE SAFETY ACT
A UK Online Safety Act received Royal Assent October 26, in what consumer association Which? described (1) as “a major step forward in the fight back against fraud”. The new law (2) will authorise penalties for social media companies and search engines who fail to prevent their platforms being used for fraud – from false claims, profiles and promotions to misleading statements and counterfeiting, whether through user generated content or paid for advertising. …
ANTI-FRAUD RECRUITMENT UP DURING ECONOMIC GLOOM, WITH WORK CHALLENGES DIVERSIFYING AND BECOMING MORE TECHNICAL
While the global economy has not performed as badly in 2023, as inflation-focused doomsayers predicted (the International Monetary Fund has projected 3% growth for 2023 and 2024, down from 3.5% in 2022), companies are still struggling, especially with interest rate rises.…
FIRST EUROPOL DEEP DIVE CRIME REPORT WARNS HOW DIGITAL TECH IS ABUSED BY CRIMINALS
The increasing risks posed by creative high-tech crime have been highlighted in the first European Financial and Economic Crime Threat Assessment released by European Union (EU) police agency Europol. It concluded criminals have weaponised the drift to digital finance, work and business.…
EUROPEAN AND NEW ZEALAND DAIRY MAJORS BOTH DISAPPOINTED WTH EU/NZ TRADE DEAL
Usually, free trade agreements are good news for dairy industries, or, at worst, one sector feels it has lost out compared to its competitors affected by a deal. But after the European Union (EU) and New Zealand signed a free trade agreement (FTA) this July (2023), after four years of negotiation, both the European and NZ dairy sectors – important global players – were underwhelmed by its terms.…
TECHNICAL ROUND UP – BRAZIL LEADS WAY IN WRITING ISSB STANDARD INTO NATIONAL LAW
Latin America’s largest economy, Brazil, has confirmed plans to make International Sustainability Standards Board (ISSB) reporting standards mandatory from January 2026, having already authorised voluntary use by public companies and investment funds from 2024. The country’s finance ministry and its securities regulator the Comissão de Valores Mobiliários (CVM) have confirmed the move under CVM resolution 193.…
ESI ROBOTICS DEVELOPS ROBOTIC SOLUTION FOR SEWING
The Portuguese automation machinery manufacturer ESI Robotics is working to launch in 2025 an innovative robot for sewing, which its co-founder Gil Sousa believes will be a game changer for the textile sector.
The firm, whose initials stand for ‘Engineering, Solutions and Innovation’ and which works on research and development, industrial automation, robotics and mechanical solutions, has 40 workers, and is based in the northern city of Vila Nova de Famalicão, a textile manufacturing hub.…
AL AIN UNIVERSITY PAVES THE WAY FOR MORE QUALITY EDUCATION AND SUSTAINABILITY IN UAE
The United Arab Emirates’ (UAE) private Al Ain University (AAU), located in the oasis city with the same name, is leading the way on sustainable development among local universities, through initiatives to boost quality education and global and national partnerships.
AAU, in Abu Dhabi emirate, on the Oman border, of the United Arab Emirates (UAE), was considered the best UAE university in the 2023 Times Higher Education Impact Ranking (https://www.timeshighereducation.com/impactrankings#!/length/25/locations/ARE/sort_by/rank/sort_order/asc…
NEW EU IP RULES WILL BOOST RESEARCH, BUT CONCERNS OVER COMPULSORY LICENSING REMAIN, SAY EXPERTS
THE EUROPEAN Union (EU)’s proposed new intellectual property (IP) rules to safeguard inventions (https://www.consilium.europa.eu/en/press/press-releases/2023/09/25/intellectual-property-council-adopts-two-positions-on-designs-protection-legislation/) will cut red tape and boost technology transfer, university research experts have told University World News (UWN). They praise the increased opportunity to protect new products.…
CIRCULAR ECONOMY INCREASINGLY DRIVES PACKAGING CHOICES, BUT BETTER INFRASTRUCTURE NEEDED, SAY EXPERTS,
PACKAGING companies worldwide are increasingly choosing more environmentally friendly packaging, driven by tough laws, such as the European Union’s (EU) proposed packaging and packaging waste regulation (PPWR) (1). This is moving through the EU’s legislative decision-making system, ready for approval in 2024, with the European Parliament adopted its first reading report on November 22 – coordinated by French liberal MEP Frédérique Ries (2).…