Xiaomi Banks on Phone Data for Finance Play in India
Xiaomi is betting it can leverage its number one position in India's smartphone market to tap into the country's lucrative but crowded financial services sector.
India’s Upcoming Digital Personal Data Protection Bill: Ten Things to Know About the Proposed Legislation
India's much awaited data protection law is expected to come into effect between July and August this year. The regulation is aimed at reforming the tech-reliant relationship between consumers and the market. Rajeev Chandrasekhar, the Minister of State for Electronics and Information Technology has claimed that these ‘behavioural changes' in India's technology sector will secure the user data collected from Indians within the nation, while helping technology firms operate in the country in compliance with the law. During the recent India Fintech Conclave (IFC), Chandrasekhar said that the upcoming data protection bill willl change the way that people's personal data is being harvested by companies and social networking platforms in present day. “The days that anonymised personal data will be stored for many years and learning models be created on top of that, will also certainly, will have to be replaced by something that is more instantaneous in terms of learning and
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