Author: ITPulse

The difference between planning routes on Google Maps and route optimization software is enormous: Route optimization software is powered by algorithms to efficiently and logically organize the order of stops for multiple drivers, accommodating the various constraints that your business has. Google Maps is simply a quick way of getting the fastest route and accurate directions from point A to point B. It doesn’t take multiple stops or constraints into consideration, and won’t help you optimize your operations. Google Maps works if you simply need to go from point A to point B, but it isn’t suited to even the…

Research and development experts at Eset, an Internet security company has disclosed that Ransomeware poses a major threat to organization as a result of the COVID-19 pandemic. While recommending some strict precautionary measures organization must take to stay safe, Eset noted that Ransomware can be distributed in a wide variety of ways, including corrupted spam email attachments, use of unsafe file downloads and visiting unsolicited/unsafe websites. The Anti-Virus company warned that once the Ransomware is installed, it is designed to scan the victim’s device for the user-generated files and will then use a strong encryption algorithm to make the victim’s…

One of Nigeria’s leading financial institutions, Firstbank has decided to offer 90-days moratorium on SME loans and introduce special waivers on repayment fees on the Bank’s credit cards as parts of the palliative measures it has taken to reduce the effect of the Covid-19 pandemic in Nigeria. The bank believes these enhanced palliative measures will help its customers and Nigerians in the extended COVID 19 lockdown in some states. Unveiling these measures, Dr. Adesola Adeduntan, Chief Executive Officer of FirstBank said: “With these measures, we are delighted to support our customers because you all have empowered us to do so…

The surge in remote workers as a result of the Coronavirus Pandemic ravaging the world has too immense pressure on Internet infrastructure, Vincentas Grinius, the Chief Executive Officer of Heficed, a network infrastructure provider has said. Vincentas gave this disclosure while highlighting the key factors to consider in order to determine a hosting provider’s capability to handle the impact of COVID-19, explaining that the increased reliance on the network, affecting end-users and businesses alike. “As people confined to their homes turned their focus on online shopping and services, maintaining a solid digital presence became essential for businesses trying to stay…

By Olukayode Kolawole One of the major fallouts of the COVID-19 pandemic is the massive restriction of human and vehicular movements in the most affected countries of the world. Governments, in their bid to curtail the spread of the disease, have enacted various laws that affect, not only movements but also most economic activities in their areas of jurisdiction, leading to what is now ubiquitously referred to as lockdown. In Lagos, for instance, when the governor, Babajide Sanwo-Olu, initially announced a series of restriction including the closure of markets and stores around the state, at the escalation of the number…

By Greta Skridailaitė Super apps, fast and goal-oriented development and simplified barriers for new market players are on the horizon for the Banking and Fintech sectors. Growing competition and rising customer expectations are pushing Banking and Fintech markets towards introducing interdisciplinary functionalities and focusing on fast and efficient internal operations, leading them to become more digitized in the overall process. Additionally, the growing interest in digital banking could ease market-entry for new challenger banks. Anton Zujev, Head of Business Development at Fininbox, has elaborated on these three trends in Banking and Fintech sectors that will disrupt the industry in the near…

Pan-African bank, Ecobank Nigeria has asked unbanked and underbanked Nigerians which include artisans such as mechanics, carpenters, electricians, small scale retailers, transporters and others who depend on daily earning for survival, to leverage its *326# instant account opening platform. The bank believes the instant account opening platform will enable the unbanked and underbanked Nigerians to save easily and access microloans (Xpress Loan), explaining that the platform will also enable them easily receive monetary support from friends and family members as the need arises, especially during the period of the COVID-19 lockdown, while maintaining social distancing via digital transactions, in a…

The International Telecommunication Union (ITU) has unveiled what it described as 2020 Global ICT Regulatory Outlook, a Fifth Generation Collaborative Regulation, which will help policy-makers and regulators to leverage digital transformation for all through stronger collaboration across sectors. The tool, ITU noted is a response to Information and communication technology (ICT) becoming more prevalent, embedded in many sectors and systems beyond the ICT sector itself. According to Houlin Zhao, ITU Secretary-General, the tool, which will aid collaboration across sectors, has proved increasingly successful in piloting regulators and policy-makers towards broad and inclusive digital transformation. “Indeed, digital technologies and services are…

Despite the argument generated from the Coronavirus and Fifth Generation Technology, which referred to as 5G, a report by FinFold has predicted that global 5G connections in the next five years will be 2.7 billion. This increase in connections will result in a growth of at least 20 times from this year’s 120 million connections. The data in the report show that 5G connections will continually experience upward growth. By next year, the connections will grow by 180 percent to stand at 340 million. By 2022, the connections will be 810 million and later grow by 72.8 percent to hit…

By Stefan Nalletamby African Development Bank has raised an exceptional $3 billion, three-year bond to help alleviate the economic and social impact of the COVID-19 pandemic As the COVID-19 pandemic continues to have a devastating impact globally, the African continent, while less affected, is preparing to undergo its own severe social and economic crisis. As of April 7, over 10,000 cases have been reported across 52 countries in Africa (less than 1% of cases globally). Yet despite the slow onset, Africa’s fragile health systems will be overwhelmed if the virus continues to spread. To avoid this scenario, governments are implementing…