In Brief: PhonePe crosses 5 bn transactions; L&T develops robotic endo-training kit

In Brief: PhonePe crosses 5 bn transactions; L&T develops robotic endo-training kit
16 Dec, 2019

Digital payments platform PhonePe has crossed five billion transactions on its app, it said in a statement. The Bengaluru-based company claimed that over 56% of transactions are now driven by tier-1 and tier-2 cities. Earlier this year, the company rolled out new use cases to make a customer’s experience on its platform more seamless and convenient including Switch, which is a multi-purpose app. The PhonePe platform features Stores, that helps customers discover hyperlocal shops in their area. PhonePe also said that it has linked over 150 million bank accounts to its platform.

Sophos launches managed threat response service

Cybersecurity firm Sophos has rolled out its fully managed threat hunting, detection and response service dubbed Sophos Managed Threat Response (MTR). The UK-based company said the service provides organisations with a 24/7 security team to neutralise most complex threats. Threats that involve active adversaries using legitimate tools for nefarious purposes are difficult to detect. The MTR tool can help eliminate these threats, the company claimed. “Sophos MTR not only augments internal teams with additional threat intelligence, unparalleled product expertise, and round-the-clock coverage, but also gives customers the option of having a highly trained team of response experts take targeted actions on their behalf to neutralize even the most sophisticated threats,” said Joe Levy, CTO, Sophos.

L&T develops world’s first robotic endo-training kit 

Engineering major Larsen and Toubro has unveiled what is billed as the world's first cost-effective robotic endo-training kit at the 8th Foundation Day of Global Innovation and Technology Alliance (GITA). L&T developed the kit in association with GITA and Department of Science and Technology (DST), the Mumbai headquartered company said in a statement. The kit is a futuristic surgical training bot that offers high definition observation of the patient’s anatomy. The company claims that it is made at a low cost and can be deployed at any clinic or hospital to train on inanimate material.