Author: Disini & Disini Law Office

Paypal Invests in Lending Startup Tala

Paypal Invests in Lending Startup Tala

PayPal Inc Holdings Inc revealed last Monday that it has made a strategic investment in Tala, a fintech startup that offers micro loans to underserved consumers in emerging markets. The California-based lending firm had been serving individuals in regions including Kenya, Tanzania, the Philippines, and Mexico via a smartphone app. The company, which has already lent more than $500 million to customers around the world says the funding will be used to further develop its product and extend its reach. The firm uses device and behavioral data to underwrite customers and disburse loans of between $10 and $500 on mobile […]

YouTube Urges Content Creators to Fight EU Copyright Directive

YouTube Urges Content Creators to Fight EU Copyright Directive

In a blog post this week, YouTube CEO Susan Wojcicki warned content creators on the platform that the Article 13 of EU’s new copyright directive will pose a threat to their livelihood and called on them to take action immediately. Wojcicki explained that the new legislation, which is to be voted on next year, will make it too risky for  YouTube to host videos from smaller content creators as the platform will have to assume liability. She also argued that the platform’s Content ID already protects content owners by comparing content of new videos to a database of copyrighted video […]

Ateneo, MediXserve to Offer Blockchain Education Next Year

Ateneo, MediXserve to Offer Blockchain Education Next Year

Health startup MediXserve and the Ateneo de Manila university announced this week the launch of AMBERLab, the country’s first university-based blockchain education and research laboratory.   The Ateneo-MediXserve Blockchain Education and Research Laboratory will be a think tank focused on the study and application of blockchain technologies for developing countries, as well as related initiatives by the private sector. Led by Dr. Regina Estuar, the lab will not be profit-motivated, but will instead center on social good aspects, particularly with the health and agriculture sectors, among others. Source: Rappler

Grab Rolls Out New Safety Features, Improved Data Privacy

Grab Rolls Out New Safety Features, Improved Data Privacy

Grab announced this last Monday that it has rolled out new features on its app that will increase the safety and data protection of both its drivers and riders. The Southeast Asian ride-hailing giant said that it has strengthened the Grab platform with features such as driver fatigue monitoring system, emergency SOS features for drivers, driver and passenger validation system which should help bring down accidents and prevent crime. Grab co-founder Tan Hooi Ling said that the features the company has introduced as part of its Safer Everyday Tech Roadmap should raise the bar for safety standards of the transport […]

Facebook Philippines Removes Pages, Accounts Associated with Spam Network

Facebook Philippines Removes Pages, Accounts Associated with Spam Network

Facebook posted this week that it has removed 95 pages and 39 accounts in the Philippines for violating the platform’s rules on spam and authenticity. The pages, which included names like Duterte Media, Duterte sa Pagbabago BUKAS, DDS, Duterte Phenomenon, DU30 Trending News, Hot Babes, News Media Trends, Bossing Vic, Pilipinas Daily News, Like and Win, Manang Imee, and Karlo ang Probinsiyano, had been taken down for driving users to visit low quality websites full of disruptive ads and little substantive content. Around 4.8 million had reportedly followed at least one of the 95 pages that got removed from the […]

Facebook Looking to Acquire Cybersecurity Firm

Facebook Looking to Acquire Cybersecurity Firm

The Information revealed this week that Facebook is reportedly looking to acquire a cybersecurity firm to bolster its efforts to protect its social network. Sources have said that the tech giant is scouting several unidentified companies and the deal could be announced as early as the end of the year. The move is seen as an effort to improve Facebook’s image and reinforce the idea to its users that the company is highly concerned about protecting their data and privacy. Source: CNET

Local Startup Uses Facial Recognition for Highly Targeted Ads

Local Startup Uses Facial Recognition for Highly Targeted Ads

Local tech startup AdMov recently revealed a solution to the advertising saturation and visual fatigue that may hinder advertisers from reaching their intended audience. AdMov says that by installing tablets equipped with facial recognition technology in the back seats of ride-hailing vehicles. The tablets can then curate targeted ads for the passenger based on their age gender and mood. Co-founder Bobby Cristuta says that when they show ads, it gives data to advertisers as well. There is no wastage since they also use the information for targeting and for brands.     Source: Rappler

Blockchain Engineer Salaries Rising, Now at Par with AI Experts

Blockchain Engineer Salaries Rising, Now at Par with AI Experts

Recent statistics provided by recruitment firm Hired showed that blockchain engineers are now making around $150,000 to $175,000, despite the downturn in the cryptocurrency market. Hired adds that this salary range is fast increasing and already at par with the salaries of artificial intelligence developers, and higher than any other specialized engineering roles. In fact, Hired CEO Mehul Patel says that blockchain as a desired skill has risen to 400 percent this year alone. Job postings from companies such as Amazon, IBM, Facebook and Microsoft have also contributed to the increasing demand in blockchain experts. Source: CNBC

Startup Backed by Goldman, Visa Launches in Europe

Startup Backed by Goldman, Visa Launches in Europe

US financial technology startup Marqeta announced this week its expansion into Europe where it will be helping new companies issue payment cards. The startup, backed by Goldman Sachs Group Inc and Visa, will be headquartered in London where it will be composed initially with a team of five. It added that it has already signed up new clients on its roster that now includes Square Inc. the payments company founded by Twitter’s Jack Dorsey, Paypal’s lending startup Affirm, and Alipay. Marqeta CEO Jason Gardner says that they have already invested a considerable amount of resource for tech and operations in […]

Ex Deputy PM Hired by Facebook for Lobbying Efforts

Ex Deputy PM Hired by Facebook for Lobbying Efforts

Former deputy prime minister Nick Clegg officially confirmed last week his decision to work as Facebook’s global lobbying and communications executive. The move is said to be in preparation for a showdown with governments over new legislations proposed to address concerns over fake news and the Cambridge Analytica scandal. Meanwhile, Clegg said in a recent interview that his role in the company would be to tackle “very thorny issues” affecting big tech companies such as balancing free speech and censorship, the power of artificial intelligence, and conflict between global internet and national jurisdiction. Source: The Guardian