Admiral Seguros Banks on Shift Technology’s AI for Fraud Detection and Prevention

PARIS and BOSTON, Dec. 3, 2020 /PRNewswire/ — Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry today announced that Admiral Seguros has adopted the company’s Shift Claims Fraud Detection. The insurer recognized Shift a leader in the application of Artificial Intelligence to claim analysis in order to prevent and combat fraud and deployed the technology as part of its wider process automation and digital transformation strategy.

With a presence in more than 25 countries, Shift has analyzed billions of claims using advanced data science and artificial intelligence. The company’s automated, highly accurate SaaS solution functions as a complex alarm system that warns insurers of potential fraud and allows claims handlers and investigators to better understand the nature of suspicious claims. Shift Claims Fraud Detection presents information via an intuitive, user-friendly interface that provides all relevant claims information. This allows

Read More

Paradigm Shift in the Future of Field Service Delivery

TechSee explores the reasons for the shift towards remote support in the field service industry
Credit: Shutterstock

Field service delivery is undergoing a transformation. This paradigm shift has effectively taken the “field” out of field services, with the industry focused on servicing customers in the most efficient way possible. The result of this shift is an explosion of remote service delivery. Gone is the traditional model of technicians dispatched to a customer’s location, toolbox in hand. Instead, technicians can now be found in their homes, cars or back offices, smartphones in hand, providing customers with remote support from a safe distance. Instead of waiting for a technician to arrive on site, customers have their issues resolved faster as a technician can now be “on site” with a click of the mouse. 

5 drivers for remote support in field services 

Here are five key drivers that are steering field service organizations towards introducing and building on their remote support offerings:

  1. Pandemic-driven need for safety
  2. Growing focus
Read More

Exclusive: Foxconn to shift some Apple production to Vietnam to minimise China risk

TAIPEI (Reuters) – Foxconn is moving some iPad and MacBook assembly to Vietnam from China at the request of Apple Inc, said a person with knowledge of the plan, as the U.S. firm diversifies production to minimise the impact of a Sino-U.S. trade war.

The development comes as the outgoing administration of U.S. President Donald Trump encourages U.S. firms to shift production out of China. During Trump’s tenure, the United States has targeted made-in-China electronics for higher import tariffs, and restricted supplies of components produced using U.S. technology to Chinese firms it deems a national security risk.

Taiwanese manufacturers, wary of being caught up in the tit-for-tat trade war, have moved or are considering moving some production from China to countries such as Vietnam, Mexico and India.

Foxconn is building assembly lines for Apple’s iPad tablet and MacBook laptop at its plant in Vietnam’s northeastern Bac Giang province, to come

Read More

Shift in atmospheric rivers could affect Antarctic sea ice, glaciers — ScienceDaily

Weather systems responsible for transporting moisture from the tropics to temperate regions in the Southern Hemisphere have been gradually shifting toward the South Pole for the past 40 years, a trend which could lead to increased rates of ice melt in Antarctica, according to new research.

Atmospheric rivers are long, narrow jets of air that carry huge amounts of water vapor from the tropics to Earth’s continents and polar regions. The new study finds atmospheric rivers in the Southern Hemisphere are shifting due in part to ozone depletion, greenhouse gas emissions and natural variations in sea surface temperature.

This shift of atmospheric rivers may affect moisture and heat transported into Antarctica, said Weiming Ma, an atmospheric scientist at UCLA and lead author of the new study published in the AGU journal Geophysical Research Letters, which publishes high-impact, short-format reports with immediate implications spanning all Earth and space sciences.


Read More

Investors finally reward General Motors’ shift to EVs even as it cuts emerging mobility plans

  • As GM profitably navigates the coronavirus pandemic, Wall Street is paying more attention to its EV operations.
  • GM has discontinued several “mobility” initiatives such as Maven and e-bikes to better concentrate on more profitable or lucrative operations.
  • Many of the initiatives were launched in an effort to spur GM’s lagging stock price and position it as a “mobility” company.

General Motors CEO on third-quarter earnings, rise in demand for trucks and more



As ride-hailing companies Uber and Lyft rose to popularity and e-scooters popped up across major U.S. cities earlier this decade, industry analysts predicted the beginning of the end of car ownership.


Load Error

That meant “traditional” automakers such as General Motors would have to evolve or die.

In an effort to spur its lagging stock price and combat such exaggerated claims, GM made a series of investments beginning in 2016 that executives believed

Read More

What Delayed The Shift From Growth To Value Stocks For So Long?

Spurred in part by the massive surge in index fund investing and bolstered by the role tech companies have played in the remote-work world, growth stocks have reigned for an unusually long period of time.

Until the reality of Covid hit like a ton of bricks in February, investors couldn’t go wrong where ever they decided to place their money. Sure, the market rotated between pockets of big winners and small winners, but, for the most part, everyone was a winner.

“The concept of a market rotation has never really gone away, but the markets have been on a one-way winning streak for the past 10 years,” says Peter Davies, CEO of Jigsaw Trading in Bangkok. “It didn’t really matter too much what you invested in; chances are it would rise with everything else.”

Sure, these subtle swings between sector to sector, industry to industry and even global region

Read More

How Big Tech bias could shift 15 million votes in 2020 election

This is a rush transcript from “Tucker Carlson Tonight” October 30, 2020. This copy may not be in its final form and may be updated.

TUCKER CARLSON, FOX NEWS HOST: Good evening and welcome to TUCKER CARLSON TONIGHT. The President in the final days of this race in nonstop rally mode. He has crisscrossed the country all day. He is doing it again tonight, of course, if news happens, we’ll go there.

Well, for five years, we have watched the news media treat Donald Trump in a way that no American President has ever been treated. Richard Nixon himself disgraced, impeached, forced from office in the end got a pass by comparison to Donald Trump.

Reporters hate Trump with an all-consuming mania. They hit him so intensely that at times it’s been amusing to watch. If Donald Trump announced a cure for cancer at tonight’s rally

Read More

Sonatype and Fugue Partner to Shift Cloud Security Left and Ensure Continuous Policy Compliance

Innovative solution empowers developers to deliver secure applications and automatically help them configure secure and policy compliant cloud infrastructure

Fulton, MD and Frederick, MD, Nov. 12, 2020 (GLOBE NEWSWIRE) — Sonatype, the leading provider of innovation-friendly open source security tools, today announced a strategic partnership with Fugue, the company putting engineers in command of cloud security, to deliver the first infrastructure-as-code (IaC) solution that shifts cloud security left into the developer workflow. The partnership further advances the missions of Sonatype and Fugue to empower software developers with best-in-class tools so they can accelerate innovation and simultaneously improve application security, cloud infrastructure security, and continuous compliance with defined policy.

The combined capabilities of Sonatype and Fugue enable developers to find and fix security vulnerabilities when actively developing cloud applications, while at the same time preventing security vulnerabilities and compliance issues from surfacing in production due to misconfigured cloud infrastructure. The joint

Read More

Standard Life Aberdeen’s New CEO Looks to Deals in Passive Shift

(Bloomberg) — Standard Life Aberdeen Plc’s new Chief Executive Officer Stephen Bird is on the hunt for acquisitions and new technology to lead the money manager into a strategy that’s become indispensable to the industry’s growth: passive management.

In his first published interview since taking the helm in September, 53 year-old Bird said he plans to reverse an investor exodus by building a stable of passive products that could eventually account for as much as 30% of its assets. The 512 billion-pound ($677 billion) firm, which relies almost entirely on stock pickers and bond specialists to choose investments, needs to ease its reliance on active managers and embrace the global swing toward index investing if it’s to thrive and grow, Bird said.

a man wearing a suit and tie: Interviews & Key Speakers At The Singapore Fintech Conference

© Bloomberg
Interviews & Key Speakers At The Singapore Fintech Conference

Stephen Bird


Load Error

Photographer: Ore Huiying/Bloomberg

Passive business “is an essential component of a full solution

Read More

US stocks waver as investors shift cash from tech giants to cyclicals

Traders on the floor react before the opening bell on the New York Stock Exchange on March 9, 2020 in New York.

US equities fluctuated on Tuesday as momentum fizzled out and investors pivoted from growth favorites to small-cap and cyclical stocks.

Pfizer’s encouraging vaccine update, which fueled a massive stock surge on Monday, continued to drive a shift out of expensive tech stocks and into plays more likely to outperform in an economic reopening. The tech-heavy Nasdaq composite slumped while Dow Jones industrial average and the small-cap-focused Russell 2000 gained. Popular stay-at-home plays including Netflix, Zoom, and Amazon continued to fall as investors bet on near-term vaccine distribution.

“With a viable vaccine apparently on the horizon, it may be time to take a second look at your portfolio,” Lindsey Bell, chief investment strategist for Ally Invest, said. “Stocks that could benefit from a return to

Read More