Rakuten sets up new research center in India to explore practical applications of deep learning

Maria Nikolova

The range of focus areas for Rakuten Institute of Technology Bengaluru will include practical applied research around deep learning to detect and predict financial fraud.

Japanese online services provider Rakuten Inc (TYO:4755) has earlier today unveiled an expansion of its research network. In a press release, Rakuten says it has opened a new office of its dedicated research and development organization, Rakuten Institute of Technology, at its operations center in Bengaluru, India.

Rakuten Institute of Technology Bengaluru is the first research center for the institute in India and the sixth office worldwide. Rakuten Institute of Technology, which aims to harness the creativity and innovation, as well as the potential of emerging technologies to fuel the growth of e-commerce, already has research centers located in Tokyo, Paris, Boston, Singapore and San Mateo.

Masaya Mori, global head of Rakuten Institute of Technology, says:

“India has a vibrant computer science research community in Bengaluru and we look forward to collaborate with academic researchers to discover and develop new technology applications.”

Specific areas of focus for Rakuten Institute of Technology Bengaluru will include:

  • Practical applied research around deep learning to detect and predict financial fraud;
  • Advancing research of Computer Vision, in particular its applications in e-commerce and medical imaging;
  • Advancement of automation to improve efficiency in warehouse robotics and logistics.

Sunil Gopinath, Senior Vice President, Rakuten Institute of Technology Bengaluru, comments:

“Rakuten Institute of Technology Bengaluru has been set up with an aim to strengthen Rakuten Institute of Technology’s global vision of leveraging technology to further improve the convenience of Rakuten’s e-commerce, fintech and digital content services.”

Rakuten’s passion for the development and adoption of new technology solutions has been shown numerous times. About a year ago, for instance, the company announced the launch of Rakuten Accelerator powered by Techstars. The three-month mentorship-driven Rakuten Accelerator seeks to provide innovative startup companies from around the world the chance to shape the future of “Messaging as a Platform” for new technologies. It includes initial funding and three months of mentorship.

Read this next

Digital Assets

TRON approves Wintermute to mint, burn USDD stablecoin

TRON Reserve DAO has welcomed crypto market-making giant Wintermute as the ninth member and whitelisted institution to mint Tron network’s stablecoin, Decentralized USD (USDD).

Metaverse Gaming NFT

Nas Academy and Invisible College introduce innovative model for Web3 education

Singapore-based online learning platform, Nas Academy is joining forces with Invisible College to teach people everything they need to know about the Web3.

Digital Assets

Top exec at BitMEX pled guilty US Bank Act violations, pays $150K fine

BitMEX’s head of business development, Gregory Dwyer pled guilty to violating the US Bank Secrecy Act (BSA) and allowing customers to use the platform to circumvent the federal anti-money laundering rules.

Retail FX

CySEC slaps €150,000 fine on FXBFI, operator of 101investing brand

The Cyprus Securities and Exchange Commission (CySEC) today announced that it has reached a settlement with FXBFI Broker Financial Invest Ltd, trading as 101investing, ordering the firm to pay €150,000 for violating the Investment Services and Activities and Regulated Markets Law.

Retail FX

X Open Hub expands multi-asset offering with new cryptocurrencies and indices

X Open Hub, a multi-asset liquidity provider, announced today that it has extended its offering with inclusion of 30 new cryptocurrencies and two emerging market indices.

Retail FX

Interactive Brokers now offers 24/7 access to crypto trading

Interactive Brokers Group, Inc. (NASDAQ: IBKR) has widened access to cryptocurrency trading for its clients. Specifically, the discount broker extended trading hours for its cryptocurrency products to be traded 24/7, including on the weekends.

Inside View

Natural Language Generation for Multi-Language Social Media Strategies 

Natural Language Generation (NLG) is a crucial growth area in the digital landscape, with the unique potential to be used across multiple industries.

Market News, Technology

The B2Core Android App is Now Available For Download

The first version of the B2Core Android app is available for download, and it has many beneficial features for users.

Digital Assets

XBO taps custodian Fireblocks ahead of crypto exchange’s launch

XBO.com has integrated with digital asset and crypto technology platform Fireblocks ahead of the crypto exchange’s upcoming launch.

<