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The third-party application provider license will enable Paytm to offer payments through the UPI network even as Paytm’s parent firm One97 Communications’ banking unit — Payment Payments Bank — is scheduled to cease operations on Friday.
The Reserve Bank of India ordered Paytm in late January to cease operations at Paytm Payments Bank, an affiliate of the financial services firm that processed majority of its transactions.
The move created shockwaves through the industry, and also meant that Paytm needed to secure the third-party application provider license to continue many of the Paytm app’s operations.
Axis, HDFC, State Bank of India and Yes Bank will serve as payment system provider to the Paytm app, NPCI said Thursday.
The RBI had advised NPCI to swiftly issue the third-party application provider license, or TPAP, to Paytm to help mitigate disruptions for its customers.
With its recently launched AI assistant, Bearer also bet on generative AI to suggest code fixes and explain vulnerabilities.
As Cycode co-founder and CEO Lior Levy told me, this acquisition now provides the company with all of the capabilities it needs to become a full-fledged application security platform.
“The missing part was a SAST tool that can be fast and connected easily to the Cycode platform.
And the Bearer team invested a lot in the brain of the SAST engine — not only the rules and stuff like that — but the engine itself.
Together, we’re set to continue redefining the standards of the complete approach to application security posture management.”
Waymo’s application to expand its robotaxi service in Los Angeles and San Mateo counties has been suspended for 120 days by the California Public Utilities Commission’s Consumer Protection and Enforcement Division.
The decision doesn’t change Waymo’s ability to commercially operate driverless vehicles in San Francisco.
However, it does put an abrupt halt to the company’s aspirations to expand where it can operate — at least until June 2024.
The CPED said on its website that the application has been suspended for further staff review.
San Mateo County Board of Supervisors Vice President David J. Canepa issued a statement following the ruling.
Silicon Valley venture capital (VC) juggernaut Sequoia is backing a fledgling Danish startup to build a next-gen software composition analysis (SCA) tool, one that promises to help companies filter through the noise and identify vulnerabilities that are a genuine threat.
For context, most software contains at least some open source components, many of which are out-of-date and irregularly — if at all — maintained.
In turn, this is leading to an array of fresh regulation, designed to strong-arm businesses into running a tighter software supply chain.
The problem is, with millions of components permeating the software supply chain, it’s not always easy to know whether a given application is using a particular component.
And this is where Danish cybersecurity startup Coana is setting out to make a difference, using “code aware” SCA to help its users separate out irrelevant alerts and focus only on those that matter.
