Digitalization of Banking

Just like the opening lines of Hamlet's famous soliloquy in Shakespeare's play of the same name, "To be or not to be, that is the question," another question is being asked in that familiar way about the terms digitize vs. digitalize. ‘Digitization’ and ‘digitalization’ are two conceptual terms that are closely associated and often used…

Right to disconnect

Digital technology puts a world of information at our fingertips, but it also allows bosses to reach into their workers' personal time with unprecedented ease. It has become the norm for many employees to respond to work emails after business hours. While that may seem like an increase in productivity, in reality, it is reportedly having…

Moving towards a cashless society

I was reading an article on Bloomberg which stated that by the end of this month, Scandinavia's last mint will have closed. Following in the footsteps of Sweden and Norway, Denmark has decided to outsource the production of its coins to Finland. The Danish central bank has already stopped printing banknotes. They've become so unfashionable that…

Hackers program ATMs to spew cash

As ATMs have become ubiquitous, so too have attacks that turn these automated tellers into robotic thieves. In July 2016, a group of masked cyber-criminals cashed out 34 ATMs operated by the First Commercial Bank, one of Taiwan’s largest banks. Criminals had collected more than 83.27 million New Taiwan dollars (US$2.6 million) in cash —…

Is Google changing our brains?

Back in the pre-internet days, if someone asked you a tricky question, you had a couple of options. You could see if anyone you knew had the answer. You could pull out an encyclopaedia. Or you could head down to the library to carry out research. Whichever one you opted for, it was almost certainly…

#SaveTheInternet

The Internet has become so much a part of our lives that it is easy to imagine that it will always remain the free and open medium as it is now. We'd like to believe it will remain a place where we can always access any lawful content we want, and where the service providers…

RIP TELEGRAM STOP

India, the last place in which telegrams are routinely sent, is to withdraw its telegraphy service on 14 July 2013. From 15 July, BSNL which operates the telegram services in India will discontinue the 163-year-old service. The telegraph service started in 1851 when the British East India Company built a 30-mile (48km) electric telegraph line from the…

Love letters are lost nowadays

Throughout the history, couples have expressed their undying love in handwritten letters. Few people take the trouble to write by hand today, but if anything is preserved at the back of a desk drawer, it is likely to be the handwritten love letter that once upon a time sent someone’s heart shuddering. Letters reveal raw…