Tag Archive for: inhouse

Caller Identification: India’s new in-house solution to curb fraud calls

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The Telecom Regulatory Authority of India (TRAI), the government’s telecom authority, would implement a caller identification system similar to other caller ID applications on the app store within the next three weeks. The new system will employ KYC verification to guarantee that callers’ identities are real and aren’t forged with synthetic identities.

Why KYC verification is the best suited Identity Verification

While TRAI’s new caller identity service would function similarly to other caller ID applications on the app store, the government intends to position it as a competitor to the apps, for which India has the largest market with over 220 million active users.

Other caller ID applications on the app store usually keep a database of callers based on data given by consumers and were plainly targeted. A repository that is KYC-compliant would reduce fraud and proxy calls. According to the chairwoman, the “system would permit name-appearance on a phone screen, in line with KYC performed by telecom providers in compliance with DoT standards.”

Read here to know how KYC Verification works to prevent fraud

Although the system appears to be a failsafe, it is still feasible to obtain a new mobile connection using the identity of someone else — which might be a barrier to maintaining openness under the telecom regulatory body’s planned caller identity verification system.

How KYC Verified Caller ID will help reduce fraud calls

According to the source, the anonymous caller identity technique would also have a ripple effect, causing a clean-up of data on crowdsourcing applications with the aid of KYC. Experts feel that including KYC in the caller identification system will also help reduce spam and fraudulent calls.

Learn about the benefits of KYC and why India needs digital identity verification

KYC Verification Solution from IDcentral

IDcentral’s KYC Solution employs intelligent AI and precisely trained ML algorithms to assist enterprises in providing the most trustworthy digital experience possible using Identity Verification. While conforming to KYC/AML standards, IDcentral’s eKYC verification enables seamless and exceptionally satisfying customer experiences….

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Facebook says in-house ‘error’ caused outage; GM ramps up its electrification strategy |

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Facebook: internal error led to outage

LONDON — The outage that knocked Facebook and its other platforms offline for hours this week was caused by an error during routine maintenance, the company said.

Santosh Janardhan, vice president of infrastructure, said in an Oct. 5 blog post that Facebook, Instagram and WhatsApp going dark was “caused not by malicious activity, but an error of our own making.”

The problem occurred as engineers were carrying out day to day work on Facebook’s global backbone network; the computers, routers and software in its data centers around the world along with the fiber-optic cables connecting them.

“During one of these routine maintenance jobs, a command was issued with the intention to assess the availability of global backbone capacity, which unintentionally took down all the connections in our backbone network, effectively disconnecting Facebook data centers globally,” Janardhan said.

GM spells out its EV sales ambitions

WARREN, Mich. — General Motors plans to cash in as the world switches from combustion engines to battery power, promising to double its annual revenue by 2030 with an array of new electric vehicles, profitable gas-powered cars and trucks, and services such as an electronic driving system that can handle most tasks on the road.

In announcements Oct. 6 ahead of a two-day investor event in Detroit, the company also pledged to unseat Tesla and become the electric vehicle market share leader in U.S., although no time frame was given.

The company also teased upcoming new electric vehicles including a Chevrolet small SUV that will cost around $30,000, as well as electric trucks from Chevrolet and GMC, crossover SUVs from Buick, and luxury vehicles from Cadillac.

The automaker plans to have more than half of its North American and China factories be capable of making electric vehicles by 2030.

GM took in $122.5 billion in revenue in 2020, a year that was depressed by the coronavirus pandemic. Doubling it would be close to $250 billion.

GM, GE to build rare earth supply chain

NEW YORK — General Motors and General Electric are looking at developing a supply chain of rare earth materials that help make electric…

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