October 18, 2024
Tech News
Boost eWallet has recently introduced a 0.75% convenience fee on all credit card reloads, effective October 14, 2024. This fee applies to all reload amounts, including the minimum of RM20. Previously, a 1% fee was charged only on reloads exceeding RM1,000 per month. The new fee is lower than competitors like Grab and TNG eWallet, which charge 1%. Users can avoid fees by using debit cards or DuitNow transfers.
Royal Plaza on Scotts in Singapore has modernized its financial reporting by implementing Oracle Fusion Cloud Enterprise Performance Management (EPM). This transition has resulted in a 25% reduction in reporting time and a 30% increase in forecasting accuracy. The hotel replaced manual Excel processes with automated reporting, enhancing efficiency and minimizing errors.
Proofpoint, an American cybersecurity firm, has announced plans to establish a new data center in Singapore by 2025. The facility aims to enhance compliance and cybersecurity for local businesses by providing AI-powered solutions to combat various cyber threats. This initiative is part of Proofpoint’s ongoing investment in the Asia Pacific region, marking its 28th data center globally.
OpenAI is currently testing a ChatGPT app for Windows, which is exclusively available to paid subscribers. The app allows users to interact with the AI in a dedicated window and includes features like file uploads. OpenAI intends to make the app accessible to all users later this year, following the successful launch of a Mac version.
Tech Explained
eWallet – An electronic wallet, or eWallet, is a digital payment system that securely stores users’ payment information and passwords for numerous payment methods and websites. It allows users to make transactions quickly and securely without the need to enter their payment information each time.
Oracle Fusion Cloud Enterprise Performance Management (EPM) – Oracle Fusion Cloud EPM is a comprehensive suite of integrated performance management applications that provide business insights, enable strategic planning, and help organizations make informed decisions. It streamlines financial processes and enhances reporting accuracy.
Cybersecurity – Cybersecurity refers to the practice of protecting computer systems, networks, and data from cyberattacks, theft, and damage. It involves implementing measures to prevent unauthorized access, data breaches, and other cyber threats that could compromise the security and integrity of information.
OpenAI – OpenAI is an artificial intelligence research laboratory that aims to ensure that artificial general intelligence benefits all of humanity. They develop AI technology and make it accessible to the public to promote and advance the field of artificial intelligence.
ChatGPT – ChatGPT is a conversational AI model developed by OpenAI that can engage in human-like text-based conversations. It uses natural language processing to generate responses based on the input it receives, allowing users to interact with the AI in a chat-like interface.
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