Article: Open Banking for self-employed borrowers will bring quicker applications

Money, Open Governance, Standards

Open Banking for self-employed borrowers will bring quicker applications

In fact, close to 10 per cent of digitally active HSBC UK customers are using Open Banking services, with the number growing all the time. We have been looking at how we can integrate this fantastic technology protocol.

We have seen applications across current accounts and unsecured lending products, where it has made a real difference making life quicker, easier and safer and I am extremely excited to now see Open Banking being integrated into our mortgage process in a small but important way that will see the time it takes to go through the underwriting process being much reduced for self-employed applicants.

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Article: Call for Code Global Challenge 2021: How innovators can help combat climate change with IBM’s open source-powered technology

Energy, Food, Innovation, Open Provisioning, Open Space, Water

Call for Code Global Challenge 2021: How innovators can help combat climate change with IBM’s open source-powered technology

Over the last 130 years, the temperature of the planet Earth has risen by 0.85 degree Celsius, and each passing decade over the last 30 years has been warmer than the previous decade. Climate change is considered to be one of the gravest threats that the planet is facing today. Its effect on weather events, sea levels, and human health and natural ecosystems are already being felt across the world and has spurred a dialogue about the way forward.

While the startup ecosystem has been leveraging technology and innovation over the past few years to build impactful solutions, there’s a long way to go. To that end, the 2021 Call for Code Global Challenge aims to galvanise use of innovation to discover potential solutions which can mitigate the effects of the climate crisis.

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Article: Data security: The paramount aspect of open banking

Access, API, Money, Open Decision-Support, Open Governance, Open Infrastructure

Data security: The paramount aspect of open banking

Open banking, a practice that provides third-party financial service providers an open access to consumer banking, transaction, and other financial data from banks and NBFCs through the use of application programming interfaces (APIs), has been rapidly catching up and is said to be the future of financial technology.

While this has several benefits, the innovation is also a high-risk practice as it involves sharing of and trading vast amounts of data. And while financial technology, over the past few years, seen tremendous growth in India, the Covid pandemic has facilitated a huge surge.

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Article: Geospatial for automation

Geospatial, Innovation, Open Data, Open Space

Geospatial for automation

Due to COVID-19, a lot of things changed in 2020. But the interest in autonomous mobility continued throughout the year. In the coming years, business in autonomy will continue to rise and meet the market interest. New business models are likely to come up.

For instance, the ride-sharing companies that have already taken a foothold are only the beginning. With the advent of autonomous cars, we will see more people, especially in urban environments, take advantage of vehicle sharing; individual automobile ownership will decline. This will impact vehicle OEMS (Original Equipment Manufacturers), insurance carriers, car rental companies, and many more.

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Article: PSU Open-Source textbook Program earns Karen Hunter Memorial Award

Access, Document, Open Decision-Support

PSU Open-Source textbook Program earns Karen Hunter Memorial Award

In 2019, Portland State University partnered with OpenStax to provide students with free, peer-reviewed online textbooks. At the time, PSU was one of 10 schools nationwide selected to participate in the OpenStax Institution Partnership Program designed to increase the use of open-licensed online textbooks.

Now, that work — and the resulting program PDXOpen — has garnered global recognition. Elsevier, a Netherlands-based organization focused in research publishing and information analytics, named PSU the winner of the 3rd Annual Karen Hunter Memorial Award. The Karen Hunter award recognizes collaborations that advance information dissemination using technology. The award comes with $5,000 and support to attend the 2021 Association of College & Research Libraries Virtual Conference, where the award will be formally recognized.

Article: Water – the next frontier for smart network technologies

Open Provisioning, Water

Water – the next frontier for smart network technologies

The electricity smart grid has attracted much publicity as smart meters and subsequently other smart technologies have brought intelligence and automation to the distribution and transmission systems.

Though not so high profile, the water networks are no less significant in need of being ‘smartened’.

Smart water metering is one key technology. While water meter reading requirements are not so stringent as electricity and demand management is not generally a requirement, smart water metering is no less important in securing regular and accurate readings for billing and eliminating the need for physical meter reading.

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Article: AI Predicts Effective Drug Combinations to Fight Complex Diseases Faster

Cures, Drugs, Open Health, Procedures (Medical)

AI Predicts Effective Drug Combinations to Fight Complex Diseases Faster

Finding new ways to repurpose or combine existing drugs has proved to be a powerful tool to treat complex diseases. Drugs used to treat one type of cancer, for instance, have effectively strengthened treatments for other cancer cells. Complex malignant tumors often require a combination of drugs or “drug cocktails,” to formulate a concerted attack on multiple cell types. Drug cocktails can not only help stave off drug resistance but also minimize harmful side effects.

But finding an effective combination of existing drugs at the right dose is extremely challenging, partly because there are near-infinite possibilities.

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Article: CDC announces the launch of Access Insights Platform, democratizing open-source data

Access, Geospatial, Open Data, Open Decision-Support

CDC announces the launch of Access Insights Platform, democratizing open-source data

CDC Group, the UK’s development finance institution (DFI) and impact investor, is pleased to announce the Access Insights Platform (AIP) launch – an open-source data visualisation tool delivering key insights that enable businesses across multiple sectors to make data-informed decisions. The platform has been developed by Catalyst Off-Grid Advisors and is funded by CDC Plus, CDC Group’s technical assistance and support facility.

Tackling the challenge of handling data effectively and efficiently – the AIP aggregates key data sets, including geospatial mapping, census data, and business intelligence, on an easy-to-use public-facing tool. AIP’s geospatial module contains statistics that observe economic activity, population density, demographics, household assets and more.

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Article: Free mental health toolkit released by event industry associations

Cures, Open Health, Procedures (Medical)

Free mental health toolkit released by event industry associations

The Association of Event Venues (AEV), Association of Event Organisers (AEO) and the Event Supplier and Services Association (ESSA) have announced that their members’ “heads up” well-being toolkit has been made available to the public as a free resource.

This mental health toolkit, a regularly updated library of resources, advice and further help, was released in February 2020, but was only available to members of the three associations. In light of the pandemic, and the pressure on the country’s mental health, the associations have jointly agreed to make the resource freely accessible to the public.

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Article: Banks enhance UX by accelerating investment in digital technologies

Money, Open Governance

Banks enhance UX by accelerating investment in digital technologies

The pandemic has accelerated digital transformation in banking, leading banks to faster adopt new digital delivery models. The rise of neo and digital banking became the new normal, with an emphasis on mobile banking services.

Adoption of artificial intelligence (AI) across many different operational areas in banking is constantly gaining ground. Financial institutions appear to be very active in engaging AI in a spectrum of services, ranging from sales and credit scoring to behaviour prediction and fraud detection.

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