This line-up of stories will help you discover the latest happenings around the tech world, today
1. Microsoft expands footprint in Qatar with new office
American multinational technology corporation, Microsoft has on Monday announced an expansion to Arabian country, Qatar.
Lana Khalaf, general manager at Microsoft Qatar, confirmed the opening of a new Lusail City facility, in a statement seen by Ripples Nigeria.
According to Khalaf, the facility will include a customer innovation center that will host innovation and ideation workshops to inspire groundbreaking solutions that can spur transformation across industries in Qatar.
With the new facility, the Arabian country, which is known for its futuristic skyscrapers and other ultramodern architecture inspired by ancient Islamic design, is set to host the company’s fourth and largest branch in the country.
Khalaf said in a statement:
“In designing the new office, we were guided by two main principles. The first was our determination to provide the best workplace for our employees, offering a highly engaging, inclusive, and flexible environment that leverages the latest modern work technologies to create future-proof smart workspaces.
“The second was sustainability, to deliver the first office to be certified on the highest sustainability standards in the Middle East. I am extremely proud to say that we delivered on both of those objectives – while prioritising the focus on customers with our customer innovation centre.”
Ripples Nigeria gathered that high-ranking representatives from the US Embassy in Qatar will attend the official launching of the Microsoft cloud data center.
Tech Trivia: Which of the following best describes pharming?
A Installing spyware on multiple computers
B Directing users to fake websites
C Attempting to hack into a secure server
D Using another person’s Internet connection without their knowledge
Answer: see end of post
2. Indian merchant commerce startup, Pine Labs, acquires Setu
An Indian merchant commerce startup, Pine Labs, has announced acquiring an API-based startup, Setu.
The latest acquisition was confirmed by Sahil Kini, Setu’s co-founder, in a media release on Monday.
Setu was launched in 2018 by Sahil Kini and Nikhil Kumar with headquarters in Bengaluru.
The API-based startup provides low-cost Application Programming Interface (API) infrastructure to businesses launching onboarding, payments, deposits, lending, and data services “in a matter of days, not months”.
Pine Labs, founded in 1998, is an Indian company that provides financing and last-mile retail transaction technology.
Speaking on the acquisition, Kini noted that the development will provide great results in personal finance management for their clients.
He said: “We believe democratisation of technology will yield better results when it comes to making financial products accessible to all and therefore have our APIs open for the developer community.
“Pine Labs’ network of merchants and issuers coupled with our API integration prowess will help achieve, monitoring loans to predict default rates, credit underwriting, and several other areas.”
Though the terms of the deal were not disclosed by the firms, however, Ripples Nigeria gathered that the deal is worth between $70-75 million for Pine Labs.
Trivia answer: Directing users to fake websites
Pharming is yet another way hackers attempt to manipulate users on the Internet.
While phishing attempts to capture personal information by getting users to visit a fake website, pharming redirects users to false websites without them even knowing it.
By Kayode Hamsat
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: How roadside foods endanger consumers’ life with trans fat in northern Nigeria
With an estimated 854,000 deaths in Nigeria, and 3,229 attributed to trans fatty acids (TFA) -related cardiovascular deaths, ADESOLA IKULAJOLU visited Nigeria’s...
INVESTIGATION: Untold story of Ondo oil producing communities battling poor health system
Access to quality healthcare is one of the nightmares of communities in Ilaje local government area of Ondo State. Despite...
FEATURE: Ogun residents, waste collectors trade blames, as refuse litter environment
TIJANI ABDULKABEER, a journalist from the University of Ibadan, during a recent trip to Sango Otta, Ogun State took a look...
INVESTIGATION: How online fraudsters siphon victims’ funds through ‘SportyBet’ platform
As Nigeria transits into a cashless society, the evolution also creates opportunities for internet scammers to take advantage of unsuspecting...
SPECIAL REPORT: Enugu govt watches as waste takes over state, threatens public health, environment
In this report, Arinze Chijioke looks at how delays in evacuation of waste in Enugu State encourages indiscriminate waste disposal, its health implications, and how...