Quantum Operation Inc, a Japanese startup at the ongoing virtual CES 2021, is claiming to have solved one of the biggest problems in medical technology: Noninvasive continuous glucose monitoring. Quantum Operation Inc, exhibiting at the virtual show, says that its prototype wearable can accurately measure blood sugar from the wrist, according to a report in engadget.com Looking like a knock-off Apple Watch, the prototype crams in a small spectrometer which is used to scan the blood to measure for glucose. Quantum’s pitch adds that the watch is also capable of reading other vital signs, including heart rate and ECG. The…
Author: DigitalTimesNG
Analyst firm Gartner forecasts that worldwide end-user spending on wearable devices will reach $81.5 billion this year, representing an 18.1% increase over 2020 where spend reached $69 billion. The growth is being attributed to increased remote working and a higher interest in health monitoring, according to a report in neowin.net. According to the company’s data, spend in this market has been increasing since 2019 and is expected to continually grow through to 2022. In 2019, spend totalled $46.1 billion while spending in 2022 is expected to more than double to $93.8 billion. Though smartwatches were the biggest driver of the wearable market…
Signal and Telegram, WhatsApp’s rivals got massive boosts after the messaging app announced last week that it would make users share some personal data with its parent company, Facebook. Recall that WhatsApp told users they would have to agree to let Facebook and its subsidiaries collect WhatsApp data – including phone numbers and locations – before February 8 or lose access to the app. But WhatsApp has since clarified that this affects users only outside the European Union and the UK and said that the change “does not affect the privacy of your messages with friends or family in any way.” However,…
In AWAL ELEGBEDE’s 12 years of navigating the dynamic landscape of fintech as a senior product manager and software engineer, the synergy between strategic tech investment and sustainable business growth has been a paramount focus. Achieving this delicate balance requires a nuanced approach that harmonises short and long-term goals, ensuring a strong foundation for continuous innovation and success. Understanding the Dynamics: At the intersection of finance and technology, the pace of change is relentless. Technological advancements occur rapidly, and the financial industry is no stranger to disruption. As a product manager deeply entrenched in the world of software engineering, Awal…
The Corporate Affairs Commission (CAC) has threatened to sanction registered companies that fail to revalidate their bank accounts by March 31, 2021. Garba Abubakar, Registrar General of the commission issued the threat at a press conference in Abuja on Monday. He vowed that firms who have refused to validate their accounts will not be accredited and would have to go through a rigorous process of revalidation, after April 1. Abubakar emphasised the need for firms to update their information as the commission was considering an amnesty for a certain number of years on annual return filings, even though the details…
Samsung says it plans to offer more bespoke electronics to appeal to younger customers. The South Korean company recorded rising sales of fridges and cleaners during the pandemic while online sales grew by 50 per cent globally during the third quarter, the BBC reports. One area of growth in South Korea were fridges that can be customized according to size, material and colour. Samsung plans to start selling personalized fridges in the US, the Middle East and Europe later this year. Samsung is one of a few companies offering bespoke electronics, having started with its “The Frame” television which allows…
MasterCard has teamed up with NMI and Global Payments to launch its first cloud point-of-sale acceptance technology. MasterCard already helps businesses accept contactless payments using just an Android smartphone or tablet through its Tap on Phone technology. It is now working with IT services provider Computer Engineering Group to pilot a cloud version that sees software hosted on Microsoft Azure. Cloud POS moves key parts of the acceptance software – the components which enable the processing of contactless transactions and certain security functions – from the individual smartphone to the cloud. This, says MasterCard, ensures strong security, cuts development and…
The Senior Staff Association of the National Identity Management Commission, NIMC, has threatened to down tools again with the issuance of a 21-day ultimatum to the Federal Government. This latest threat comes on the heels of a two-day warning strike embarked upon by the staff of the Commission a few days ago. Disclosing this on Monday, Chairman of NIMC Senior Staff Association, Mr Lucky Michael, said the fresh ultimatum became imperative because the key demands they raised before the previous strike action have not been met by the authorities. Michael said the Union suspended the initial strike action on compassionate…
First Bank of Nigeria Limited said it has launched a virtual payment card, a naira-denominated debit card and digital representation of the plastic debit card. The bank said in a statement titled ‘FirstBank begins the year with an innovative, convenient virtual payment card’, that the card was designed to be linked to either a customer’s operative account or wallet account. “The FirstBank virtual payment card is a suitable alternative to the use of cash and cheques, with its wide-range features, which include the ability of cardholders to protect his/her card using the block and unblock capabilities; PIN reset; change PIN…
Nigeria’s telecommunications giant, 9mobile, has announced a new Chief Technical Officer (CTO), Deputy Chief Technical Officer, and Director of Strategy within its Senior Management team. The company said in a statement on Monday that Juergen Peschel has been appointed as the New CTO, Baqi Salihu, Deputy CTO, and Karn Gulati as Director of Strategy. As CTO, Peschel, an experienced professional with an international executive track record within the IT, Managed Services & Telecommunications Industry, including expertise in a wide variety of industry verticals and markets, will oversee the evolution and integration of the company’s technical functions. Peschel has over 25…