Over 3 trillion dollars in daily transactions for the world’s biggest banks were disrupted Wednesday, according to an alert status on the Fed’s website announcing a disruption in several business lines for Fedwire, FedACH, and 11 other areas affecting wire transfers, ACH transactions and check-clearing in the U.S. banking system. About 850,000 transactions each day … Read more
According to Igor Drozdov, the board chairman of the Skolkovo Foundation, who spoke at Russia’s SPIEF economic forum this year, new technologies will allow more people “to earn real money using intellectual property institutions.” He also talked about tech that would be developed in order to protect IP, describing projects similar to what Microsoft is … Read more
Despite the large number of engineers in India, most are not fit for software development jobs, according to Aspiring Minds, a private company that does employability assessment, reported Business Line. Aspiring Minds assessed test results when 36,000 engineering students from over 500 colleges wrote Automata (which tests software development ability). Over 2/3 could not even write … Read more
A team of software designers, technicians, conservators, architects, artists, artisans, working together as Factum Arte, are recreating works of art to be used by the public. Some of their work is already used by museums. The group makes its money by also producing works in the private market. The goal of their public efforts are … Read more