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  • AI Translation and Captioning Emerge as 2026 Graduation Season Trend in Higher Education

    LOS ALTOS, CA – June 10, 2026This year’s commencement season highlighted the use of AI translation and real-time captioning as one of the fastest-growing trends in higher education event technology. While educators continue to debate how AI should be used in classrooms, Wordly, the pioneer in live AI translation and captioning, has seen rapid adoption of its platform during commencement ceremonies. 

    The trend comes as U.S. campuses are becoming more global and institutions look for scalable ways to support multilingual students, families, and guests during major campus events. According to the Institute of International Education’s Open Doors Report, approximately 1.2 million international students during the 2024/2025 academic year, reflecting growing linguistic and cultural diversity that is driving stronger demand for real-time language access at milestone events. 

    “Commencement is one of the most meaningful moments in a student’s life,” said Lakshman Rathnam, Founder and CEO of Wordly. “Every family should be able to experience it in real time, in a language they understand What we’re seeing is an increasing number of institutions using AI translation as practical infrastructure for inclusion.” 

    Industry data shows demand for AI translation in higher education has doubled over the past year as colleges and universities seek more scalable ways to support increasingly diverse campus communities. Institutions across North America, including SUNY Oswego, Mount Saint Mary’s University, and the University of New Mexico are among the universities that have implemented AI translation and captioning for large-scale campus events, including commencement ceremonies. 

    SUNY Oswego first introduced AI-powered translation and captioning at its December 2024 commencement ceremony and has since expanded its use to additional campus events. Attendees access real-time captions and translations through a QR code, providing a new layer of accessibility for families who previously had limited language support options. Usage has steadily increased as awareness has grown, demonstrating demand for more inclusive graduation experiences. 

    Beyond commencement, universities are increasingly extending Wordly across orientation programs, student advising sessions, parent and family engagement events, campus-wide town halls, faculty meetings, and virtual gatherings, enabling broader language access without adding logistical complexity or requiring advance interpreter coordination. 

    Higher education institutions cite several factors driving adoption, including improved accessibility for multilingual communities, increased participation and engagement, scalability across dozens of languages, operational efficiency compared with coordinating multiple interpreters, and ease of access through attendees’ personal devices without the need for headsets or specialized equipment. 

    As institutions continue to welcome growing numbers of international students and serve multilingual families, AI translation and captioning are rapidly becoming a standard feature of major campus events and an example of technology enhancing connection, inclusion, and belonging at one of life’s most important milestones.

  • Your Brain Decides What to Buy Before You Do

    Your Brain Decides What to Buy Before You Do

    Imagine yourself in a shopping mall on a casual Saturday afternoon. There are signs of discounts, smells of freshly baked bread, and calm, rhythmic music in the background. Your hand reaches for a luxurious-looking pack of coffee as if on its own. When you return home, you rationalise the purchase to yourself or to your friend as ‘this coffee was discounted and the packaging is very convenient.’

    But the real story of this decision is far more complex. When you were rationalising your choice, a barrage of processes occurred in your brain. A few seconds before the decision, your limbic system, the part of the brain responsible for emotions, had already given the ‘buy’ command. You had no chance of resisting it. This was not a rational decision; it was influenced by pure human biology.

    According to Assistant Professor Dr Indrė Radavičienė of the Faculty of Economics and Business Administration at Vilnius University, consumer decisions are often shaped by emotional and subconscious processes long before people consciously evaluate their choices.

    “We tend to think of ourselves as rational consumers, but emotions often begin shaping our decisions before conscious reasoning takes over,” says Dr Radavičienė.

    Our brain reacts faster than the mind decides

    Welcome to the world of neuromarketing, where neurobiology, psychology, marketing, and consumer behaviour research meet. Here, we seek answers to seemingly simple yet fundamentally important questions: what makes a person trust one brand and completely ignore another? What happens to our brain when we see a discount sign? Why do some colours calm us down and others make us rush? Is it possible to predict a purchase decision even before the person is consciously aware of it?

    Neuromarketing is often misunderstood as an attempt to create ‘zombie consumers’ who are helplessly following advertising instructions. But the true purpose of this science is far more human: to understand the authentic and spontaneous human reaction, often disguised by social norms, politeness, or simply a lack of self-awareness. Neuromarketing allows us to take a peek at the mysterious process taking place in our brains, even before we consciously utter the final ‘I will buy it.’

    Using modern technology, neuromarketing reveals how evolutionary instincts, emotional stimulation, and subconscious filters shape our daily choices. It also explains why stories created by brands often beat even biological tastes, how FOMO – the fear of missing out – encourages impulsiveness, and why the sustainable future of business belongs to a deep and respectful understanding of the emotional needs of the consumer rather than aggressive advertising. Traditional market research – surveys, focus groups, and interviews – is based on the assumption that the consumer knows what they want and can name it. But psychologists note the paradox that we are ‘emotional beings who sometimes think’ rather than ‘thinking beings who sometimes feel.’ When you are asked why you like a certain advertisement, your brain begins to create a logical response to an emotional impulse. This is called post-hoc rationalisation, when we come up with reasons to justify our behaviour after it happened.

    “When people explain why they chose a product, they are often constructing a logical explanation for an emotional response that occurred earlier,” explains Dr Radavičienė.

    Neuromarketing bypasses this ‘filter’. It observes the nervous system directly, capturing reactions that occur within the first milliseconds, before you can think.

    How do they know which product will be successful?

    To understand consumer behaviour, researchers use tools that were only available to top-notch medical centres a few decades ago.

    1. Functional magnetic resonance imaging (fMRI)

    One of the most advanced tools is functional magnetic resonance imaging (fMRI). This technology measures changes in blood flow in the brain. When a certain area of the brain is activated, it needs more oxygen, which is brought by blood. For example, if the pleasure and reward centre nucleus accumbens lights up when seeing a certain product, marketing specialists know – the product will be successful. If the amygdala is activated, the consumer feels insecurity or fear, i.e. emotions that can discourage the purchase.

    2. Electroencephalography (EEG)

    Another widely used method is electroencephalography (EEG), which measures electrical impulses in the brain. This is an extremely fast method that allows us to see how a person’s state changes when watching a 30-second video clip. At which point did the viewer stop being interested? When did they feel engaged? The EEG provides the answers in almost real time.

    3. Eye-tracking and pupillometry

    Eye-tracking equipment plays an equally important role because our eyes are among the most reliable traitors of the subconscious mind. Eye-tracking technologies create ‘heat maps’ that reveal exactly where our gaze is headed. For example, on a page with a photo of a baby, people usually look at the baby’s face rather than the text. However, if the baby in the photo is looking in the direction of the text, consumers’ eyes automatically follow the baby’s gaze. Pupils are also measured: the more they expand, the greater the emotional excitement (positive or negative) that a person is experiencing.

    “What makes these tools particularly valuable is that they allow researchers to observe reactions that occur before consumers themselves become fully aware of them,” says Dr Radavičienė.

    Pepsi and Coca-Cola: which is tastier?

    One of the most famous neuromarketing experiments concerns the eternal rivalry between Pepsi and Coca-Cola. In the blind test, most of the subjects preferred Pepsi. The taste centres in their brain reacted positively to this drink.

    However, things changed when people saw brands. Drinking Coca-Cola activated areas of the brain associated with long-term memory, emotions, and self-identification. People didn’t just say that Coca-Cola tastes better – their brains really ‘experienced’ a better taste. Over decades of marketing, the brand has become part of their identity, leading to a loss of biological taste in favour of the emotional story it creates.

    Another astonishing example is the wine price experiment. When the subjects tasted the same wine, but with different prices indicated (between $5 and $90), their brains recorded a real, physiological increase in pleasure from drinking a ‘more expensive’ drink. This means that the price is not just a number; it is an expectation set by your brain that directly changes your sensory experience.

    “These experiments demonstrate that our experience of a product is shaped not only by its physical characteristics but also by expectations, memories, and emotions,” notes Dr Radavičienė.

    A perfect example of neuromarketing – the layout of IKEA stores

    Companies have long used neuromarketing knowledge to imperceptibly ease consumers’ path to purchase. For example, a study by Frito-Lay found that the glossy packaging of potato crisps activates areas in the brain associated with feelings of guilt about unhealthy food intake. The shift to matte, more ‘natural’-looking packaging has suppressed this response in the brain, so people started buying crisps more freely, without remorse.

    Have you ever wondered why so many fast food restaurants use red and yellow colours? Red stimulates energy and appetite, and yellow promotes optimism and attentiveness. In contrast, blue is rarely used in the food industry because, in nature, it is often associated with decay or poison, so it subconsciously suppresses appetite.

    The layout of IKEA stores is a masterpiece of neuromarketing. The one-way path makes you see thousands of trifles. Your brain gets tired of making decisions, and when you reach the checkout, your ‘muscle of self-control’ is so weakened that you can easily throw a few more candles or a cutting board into your cart that you didn’t need at all.

    “Many retail environments are designed around well-established psychological principles. Consumers may not consciously notice these influences, but they can nevertheless affect behaviour,” says Dr Radavičienė.

    Are we still making our own decisions?

    Many people have a legitimate question: isn’t this manipulation? If companies know how to bypass our rational thinking, do we still decide for ourselves what to buy and what not?

    We have to understand that neuromarketing cannot make you buy something you essentially don’t want. It simply helps brands communicate more effectively. For example, the National Cancer Institute used brain scanning to find the most effective social advertising against smoking. The winner was not the most aesthetically pleasing advertisement, but the one that gave the brain the strongest impulse to take action and call the helpline. In this case, science has contributed to public health. In addition, professional studies are conducted in accordance with strict ethical guidelines. The subjects always give their consent, and their privacy is protected by law. Brain data does not reveal personal thoughts or memories; it only indicates a general reaction to the stimulus.

    “Neuromarketing cannot force people to buy something they fundamentally do not want. Its purpose is to better understand human reactions rather than manipulate them,” emphasises Dr Radavičienė.

    Online, emotions are even more important

    When you buy online, emotions are even more often ahead of logic, so the buying process becomes impulsive rather than consistent. Here, the purchase is determined by two main factors: a person’s emotional stimulation (energy level) and the pleasure experienced. If a website or an advertisement creates positive emotions and, at the same time, piques curiosity, a person tends to buy now, without going into long reflections. Neuromarketing studies show that visual information is processed thousands of times faster in our brains than text, so emotional impulse acts as a fast filter: users are reluctant to analyse all the technical data but rely on what they feel when they see an immersive image. Brands that understand these brain mechanisms are able to establish a connection with the consumer even before they can logically evaluate the price or characteristics of the product.

    A ‘TrustPulse’ (2023) market study confirmed that one of the strongest drivers of impulsiveness is the fear of missing out something important (FOMO), which accounts for about 60 per cent of unplanned purchases. This feeling is deeply rooted in our evolution as an instinct to acquire resources in time and to remain part of the social group, so time-limited offers create a sense of urgency that directly bypasses rational thinking. Meanwhile, research by the ‘Edelman Trust Barometer’ in 2022 and 2023 confirmed that when making high-value decisions, the brain is looking for security and emotional certainty – as many as 83 per cent of consumers are determined to make big purchases only after receiving affirmation through feedback from other people or a trusted brand reputation.

    “Digital environments encourage rapid decision-making, which is why emotional responses often play an even greater role online than in traditional retail settings,” explains Dr Radavičienė.

    In addition to these primary reactions, secondary emotional mechanisms, such as pride and strengthening of social status, also operate. This is particularly evident in the luxury goods sector, where the analysis of the luxury goods market in 2023 performed by ‘Deloitte’ confirmed that as many as 72 per cent of shoppers choose a product not because of its practical characteristics, but because of the psychological satisfaction it provides and the ability to demonstrate their identity or status. This emotional reward brings constant joy even after the moment of purchase, strengthening the connection with the selected brand.

    Finally, the greatest value is created by a sense of community – companies that focus on both product features and creating a common identity are able to retain customers three times longer, because for them, buying becomes no longer a simple transaction but an emotional attachment to a social group close to them.

    Why does the future belong to neuromarketing? 

    In a world where we see thousands of advertising messages every day, traditional methods are starting to fail. We learned to ignore advertising banners, to ‘disconnect’ our attention through pauses, and to filter out noise. Neuromarketing, however, offers a different path – it helps to create content that does not scream, but resonates quietly and accurately with human emotions and experiences.

    A business that understands the emotional needs of its customers can create products that really solve problems instead of simply bombarding the consumer with empty promises or shoving goods that they don’t need. Rather than creating an artificial need through aggressive advertising, neuromarketing specialists seek to respond to the deepest human expectations by creating value that the brain recognises as authentic and useful. This is the way to more sustainable marketing with less ‘noise’ and more meaning. Such a strategy allows companies to optimise their resources, avoid wasting their budget on advertising that annoys consumers, and build a long-term, trust-based relationship with their audience rather than one-off sales.

    “The future belongs to organisations that understand the emotional needs of their audiences and create genuine value rather than simply competing for attention,” says Dr Radavičienė.

    So, the next time you feel an irresistible urge to buy a new item, just smile. This is a sign that your brain has recognised something familiar, safe, or joyful. We are not rational machines; we are very complex and wonderfully emotional people – and this is the biggest part of our charm.

  • Liquibase Introduces Agent Safe Governance for AI-Generated Database Change Share

    Liquibase Secure 5.2 brings governed AI-assisted database change to the enterprise, while earning five 2026 TrustRadius Top Rated Awards.

    AUSTIN, Texas — Liquibase, the leader in database change governance, today announced Liquibase Secure 5.2, a major release introducing Agent Safe Governance for AI-generated database change. Liquibase Secure 5.2 helps enterprises validate, track, and govern database change before and after production, whether created by humans or AI.

    Liquibase also announced that Liquibase Secure earned five 2026 TrustRadius Top Rated Awards across Database DevOps, Build Automation, Release Management, Database Management, and Version Control. TrustRadius Top Rated Awards are based entirely on customer reviews, with no paid placement or analyst opinion, and recognize products that meet criteria for review recency, customer rating, and category relevance.

    Companies are moving faster across applications, infrastructure, data products, and AI initiatives. But every application, data product, and AI model still depends on database change. That creates a new pressure point: database changes can now be generated in seconds, while many enterprise controls still rely on tickets, manual reviews, disconnected scripts, and after-the-fact audit trails.

    According to Liquibase’s State of Database Change Governance report, 96% of organizations allow AI to interact with production databases. As tools such as Cursor, Claude, GitHub Copilot, and other AI assistants become part of the developer workflow, database changes are no longer created only by humans. But faster creation does not mean those changes are safe to deploy.

    Agent Safe Governance is Liquibase’s answer to that shift. AI can help create a database change, but it cannot bypass the checks, approvals, audit trails, schema lineage, drift detection, and recovery controls enterprises require before production.

    AI is changing how database changes are created. Liquibase Secure governs how they reach production.

    “AI agents are becoming part of how developers work, but they should not have a free pass to change production databases,” said Pete Pickerill, Co-Founder at Liquibase. “Agent Safe Governance means AI can help create a database change, while Liquibase Secure validates it, tracks it, checks it against policy, preserves schema lineage, detects drift, and controls how it moves to production. That is the balance enterprises need: faster development without turning database change into an unmanaged risk surface.”

    Liquibase Secure 5.2 uses the Liquibase MCP server to connect AI-assisted workflows to govern database change management. Developers and AI assistants can create Liquibase-formatted changelogs, schema updates, rollback logic, and AI-generated DDL, while Liquibase Secure applies policy checks, governance workflows, drift detection, and audit-ready evidence before changes reach production.

    “Agent Safe Governance is not about slowing developers down,” added Pickerill. “It is about giving developers and AI assistants a safe path to move faster. Liquibase Secure lets teams use AI to accelerate database change authoring while giving platform, security, and compliance leaders a complete system of control and evidence around what actually ships.”

    Liquibase Secure 5.2 Brings Agent Safe Governance to the Database Layer: Liquibase Secure 5.2 gives enterprises one control plane for every database change, human or AI. The release connects new AI-assisted workflows with the proven governance controls enterprises already rely on to validate, track, and secure database change.

    AI-assisted database change authoring through the Liquibase MCP server: The Liquibase MCP server connects AI-assisted workflows to Liquibase Secure, helping developers and AI assistants create structured, reviewable, and governed database changelogs, schema updates, rollback logic, and AI-generated DDL. AI can assist with authoring, but Liquibase Secure governs the path to production.

    Change Intelligence and schema lineage for human and AI-generated change: Liquibase Secure gives teams visibility into the full lifecycle of every database change. Change Intelligence helps teams understand what changed, who or what created it, where it ran, whether controls were followed, how the schema changed over time, whether drift exists, and what evidence is available for audit or investigation.

    Policy checks and drift detection as the governance foundation: Liquibase Secure applies policy checks before deployment to help teams block risky operations, enforce standards, support separation of duties, and validate compliance requirements. Drift detection helps identify when environments no longer match the approved database state, including manual updates, emergency fixes, shadow changes, or AI-assisted changes that bypass governed workflows.

    Expanded enterprise database coverage: Liquibase Secure 5.2 deepens support for complex enterprise database estates with new capabilities for Teradata, MongoDB, and DynamoDB. These enhancements help teams extend governed change across the databases that power mission-critical applications, data products, and AI systems.

    Machine-Readable Vulnerability Intelligence with VEX: Liquibase Secure 5.2 adds Vulnerability Exploitability eXchange, or VEX, support to provide machine-readable vulnerability assessments for Liquibase products. Published through the Liquibase VEX repository, included alongside SBOM files inside the Secure distribution, and available as standalone files on the Liquibase download site, VEX helps enterprise security teams understand vulnerability context, integrate with automated scanners, and streamline security response.

    One Control Plane. Every Database. Every Change. Human or AI. Liquibase Secure 5.2 extends Liquibase’s role as the enterprise control plane for database change. It helps organizations govern database change across human developers, AI assistants, CI/CD pipelines, and production environments.

    For regulated industries, this is already a board-level issue. Financial services, healthcare, insurance, retail, media, and technology organizations must prove that database changes are reviewed, approved, traceable, recoverable, and compliant. AI does not remove that requirement. It raises the stakes.

    With Liquibase Secure 5.2, enterprises can move from reactive database control to continuous governance, with one consistent way to manage database change across applications, data products, and AI systems.

    Liquibase Secure’s five 2026 TrustRadius Top Rated Awards reinforce the same customer demand driving this release: database change needs to move faster, stay governed, and remain trusted across increasingly complex enterprise environments.

  • TechnoMile Recognized among Notable Vendors in Contract Lifecycle Management Platforms Landscape Report

    Leading research firm notes TechnoMile CLM’s self-reported focus on obligation management and regulatory and policy compliance use cases 

    TYSONS, VA — June 10, 2026 — TechnoMile, the leading AI solution that unifies growth, contracts, compliance, and security workflows, today announced it has been included in Forrester’s report, The Contract Lifecycle Management Platforms Landscape, Q2 2026. The report provides an overview of notable CLM platform vendors and is designed to help technology executives as well as contracts, procurement, legal, and risk professionals understand vendor differences and explore CLM options based on size and market focus.

    Forrester’s report describes the CLM market as shifting toward postsignature intelligence, governance, and integration depth – capabilities that have long been mission-critical realities for organizations operating in the federal contracting environment. The report identifies these capabilities as the emerging center of gravity for mature CLM platforms as AI-native tools increasingly automate earlier-stage drafting and negotiation workflows.

    For TechnoMile, its inclusion reflects the company’s purpose-built focus on the complexities of government contracting. According to self-reported data in the report, TechnoMile’s top extended use cases – obligation management and regulatory and policy compliance – are precisely the capabilities that federal contractors rely on to manage highly regulated, postsignature contract execution.

    “To us, being included in Forrester’s CLM Platforms Landscape report reflects the growing market recognition that federal contracting demands a fundamentally different approach to contract lifecycle management,” said Mick Fox, COO, TechnoMile. “For GovCon and Aerospace & Defense organizations, the complexity has never been in drafting – it’s in executing against contractual obligations, managing compliance across a highly regulated environment, and maintaining audit readiness throughout the life of a contract. TechnoMile was built for exactly that reality.”

    Unlike general-purpose CLM platforms designed primarily around negotiation workflows, TechnoMile’s Contracts Suite is built for the full operational lifecycle of federal contracts – from opportunity identification through contract closeout. The platform supports organizations in managing OCI vetting, clause tracking and flowdowns, contract modifications, limitation of funds monitoring, subcontractor oversight, CDRL and deliverable management, CPARS, and contract closeout, among other postsignature functions.

    TechnoMile’s AI strategy is purpose-built for the regulated workflows of federal contracting, leveraging domain-trained AI agents and copilots that continuously learn from historical capture, contract, program, and compliance data across the enterprise – helping organizations reduce manual workload, improve decision quality, mitigate risk, and strengthen audit readiness over time.

    To access a complimentary copy of The Contract Lifecycle Management Platforms Landscape, Q2 2026 report, please visit https://technomile.com/resources/the-contract-lifecycle-management-platforms-landscape-report-q2-2026.

  • ASHRAE, NEMA and PNNL Release AI Data Center Energy Performance Framework to Guide Next-Generation Design and Operation

    ATLANTA (June 10, 2026) – ASHRAE, in collaboration with Pacific Northwest National Laboratory (PNNL)  and the National Electrical Manufacturers Association (NEMA), announced the release of a comprehensive AI Data Center Energy Performance Framework. The Framework is hosted on ASHRAE’s website, providing industry-wide access to practical, expert-driven guidance for next-generation data center design and operation.

    As demand for artificial intelligence and high-performance computing continues to grow, data centers are placing increasing demands on both facility systems and energy infrastructure. According to Pew Research Center, the United States currently has more than 3,000 operational data centers, with significant growth expected in the coming years. An additional 1,500 data centers are already in various stages of development. 

    The new Framework delivers practical, consensus-based guidance to help owners, operators and engineers optimize performance, control operating costs and sustain resilient, high uptime operations through effective thermal management.

    The Framework delivers strategies for both new and existing facilities, addressing the full lifecycle of data centers, from planning and design, to commissioning, retrofit and ongoing operation. It addresses key considerations including thermal management, integrated system performance, energy and water use, and facility reliability, with recommendations tailored to varying climates, load densities and operating conditions.

    ASHRAE led the development of guidance related to HVAC systems, thermal management and overall facility performance, building on its established body of work, including resources developed through Technical Committee 9.9 (Mission Critical Facilities, Data Centers, Technology Spaces & Electronic Equipment) and Project Committees overseeing Standard 90.4, Energy Standard for Data Centers and Standard 127Method of Testing for Rating Air-Conditioning Units Serving Data Center (DC) and Other Information Technology Equipment. NEMA contributed expertise in electrical systems, equipment and safety, while PNNL is a federal authority in energy systems research, providing coordination of the working group.

    “ASHRAE’s technical leadership in building systems and data center guidance is central to this effort at a pivotal moment for our industry,” said 2025-26 ASHRAE President Bill McQuade, P.E., CDP, Fellow ASHRAE, LEED AP. “As AI continues to drive rapid changes in load density, system design and operational expectations, this Framework brings together the collective expertise of ASHRAE, PNNL and NEMA to deliver practical, integrated solutions. It translates complex technical challenges into clear, actionable strategies that help operators enhance performance, control costs and make more effective use of energy, while strengthening reliability at both the facility and grid level.”

    “This guide brings together the most comprehensive industry expertise on data centers in a single resource,” said PNNL Director of Buildings and Industrial Programs Bing Liu, who launched this industry-lab partnership a year ago. “Rather than being frozen in time, it’s a dynamic online resource that can be updated, remain relevant and stay accessible to anyone involved in developing a data center.”

    “Data centers require seamless integration between electrical and mechanical systems. Power distribution infrastructure must be coordinated with cooling and thermal management to maximize safety, reliability, and efficiency outcomes,” said NEMA President and CEO Debra Phillips. “By partnering on this Framework, NEMA, ASHRAE, and PNNL are giving data center developers a unified approach to system design, enabling them to deploy integrated solutions that optimize both power delivery and thermal efficiency while minimizing risk of equipment failure – and operational disruptions.”

    To further support industry collaboration and knowledge sharing, ASHRAE will host the 2027 Data Center and AI Integration Conference, March 3-5, 2027 in Dallas, Texas. The conference will bring together global experts to explore the intersection of artificial intelligence, infrastructure performance and system integration.

    For additional guidance, including access to the ASHRAE TC 9.9 Datacom Encyclopedia, please visit the ASHRAE Data Center Resource Page at ashrae.org/datacenter.

  • Insurance Professionals Report an Average 17% Rise in Luxury Watch Claims, According to New Research

    10th June 2026 — The Watch Register, the world’s largest and most established international database of lost and stolen luxury watches, reports new research2  that highlights a significant increase in insurance claims relating to the loss and theft of high-value watches.

    The study, conducted amongst 100 insurance loss adjustors and claims managers across the United States, Europe, Asia and the Middle East, reveals that luxury watch-related claims have risen markedly in recent years.  When asked how claims volumes have changed compared to three years ago, two-thirds (67%) of respondents reported an increase of between 10% and 25%, while a further 9% cited even sharper rises of between 25% and 50%.  Overall, insurers reported a mean average increase of 17% in luxury watch claims over the period.  Insurance respondents in Asia reported the highest mean average increase in claim volumes (21%) compared with an average of 15% in the US.

    The findings suggest that the volume of watch-related claims will continue to increase.   More than half (54%) of respondents anticipate claims will rise by a further 10% to 25% over the next three years, while nearly one third (32%) expect increases of between 25% and 50%.  A smaller proportion (2%) predict even more significant growth of up to 75%.  The mean average anticipated increase stands at 24%, underlining the expectation that luxury watch theft will remain a persistent and growing challenge for insurers globally.

    Additionally, given the high circulation of stolen goods on the market, three in four (77%) of insurance respondents report seeing an increase in defective title claims from jewellers’ block policy holders who have unwittingly purchased stolen watches. The majority (83%) of insurers say they are now taking steps to mitigate risk by only paying out defective title claims for watches on the condition that the policy holder has carried out due diligence prior to the transaction by checking a stolen watch database.

    Katya Hills, Managing Director of The Watch Register, said: “Insurance professionals  report a clear rise in luxury watch-related claims, which reflects the high incidence of theft affecting watch owners and jewellers today. Watches are expensive, portable, easy to steal, and highly liquid. The exceptional resale value of watches and high demand for the most desirable models on the secondary market are continuous drivers of theft.  

    “It is more imperative than ever that insurers record the serial numbers for lost and stolen watch claims and report these losses to The Watch Register database to facilitate future detection. The database proactively searches the global pre-owned watch market, maximising the chances of recovery for insurers and their policy holders, and enabling insurers to recoup funds paid out on claims.”

    In 2025 The Watch Register reached a landmark 5,000 lost and stolen watches identified since the service was founded more than a decade ago.  In the past year alone, stolen watches identified by The Watch Register have been traced across 34 countries spanning North and South America, Europe, Asia, North Africa, Australia and the Middle East, underlining both the global scale of the problem and the reach of the platform.

  • AU Small Finance Bank Increases Deposit Rates; Offers Up to 7.90 Percent for Senior Citizens

    June 10, New Delhi: AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first institution in over a decade to receive in-principle approval from the Reserve Bank of India to transition into a Universal Bank, has revised its deposit interest rates across Fixed Deposits (FDs), Recurring Deposits (RDs), and Foreign Currency Non-Resident [FCNR (B)] deposits, effective June 10, 2026.

    Under the revised structure, customers can now earn up to 7.40% p.a. on FDs and RDs, while senior citizens can earn up to 7.90% p.a., making AU SFB’s offering among the more competitive and attractive savings avenues in the current rate cycle.

    The revision comes at a time when savers across India are increasingly looking for stable, high-yield deposit options, while NRIs continue to seek secure and efficient avenues to manage savings across geographies.

    The revised peak interest rates are as follows:

    Product

    Current Peak Rate

    Revised Peak Rate

    FD (Normal)

    7.25%

    7.40%

    FD (Senior Citizen)

    7.75%

    7.90%

    RD (Normal)

    7.25%

    7.40%

    RD (Senior Citizen)

    7.75%

    7.90%

    FCNR

    5.15%

    7.10%

    In parallel, the Bank has also enhanced its FCNR deposit rates, further strengthening its NRI banking proposition by offering attractive foreign currency deposit options alongside competitive domestic deposit rates. Together, the revised rates position AU SFB as a comprehensive savings partner catering to both resident Indians seeking higher returns and NRIs looking for efficient cross-border savings solutions.

    The revised rates are applicable to both new and existing customers and are available across

    AU SFB’s 2,790+ touchpoints spanning 21 States and 4 Union Territories, as well as through its digital channels including the AU 0101 app, WhatsApp Banking, and 24×7 video banking.

  • PM Modi Embarks on Week-Long Europe Tour; France, Slovakia and G7 Summit on Agenda

    New Delhi, June 10 (UDN): Prime Minister Narendra Modi will embark on a week-long visit to France and Slovakia beginning June 13, aimed at strengthening bilateral ties, expanding economic and technological cooperation, and addressing key global challenges at the G7 Summit.

    News In Pics

    The visit will commence in the French city of Nice, where Prime Minister Modi will hold bilateral talks with French President Emmanuel Macron on June 14. The two leaders are expected to review the full spectrum of India-France relations, which were elevated to a Special Global Strategic Partnership earlier this year. Discussions are likely to focus on defence cooperation, trade, investment, technology, clean energy, innovation, and strategic collaboration.

    During their meeting in Nice, the two leaders will jointly inaugurate the ‘Bharat Innovates’ event, a major platform bringing together leading startups, innovators, entrepreneurs, and venture capital funds from India, France, and other countries. The initiative is expected to foster cross-border innovation partnerships and strengthen collaboration in emerging technologies.

    Following his engagements in France, Prime Minister Modi will undertake a State Visit to Slovakia from June 14 to 16. The visit assumes special significance as it will be the first by an Indian Prime Minister to Slovakia since the country’s independence in 1993. The two sides are expected to explore new opportunities for cooperation in trade, investment, automobile manufacturing, railway technology, and industrial development.

    In the third leg of the tour, Prime Minister Modi will participate in the G7 Summit in Evian, France, on June 16 and 17. During the summit, he will join discussions with leaders of the world’s major economies and partner nations on issues including global economic recovery, international cooperation, sustainable development, and the responsible deployment of Artificial Intelligence (AI).

    The Prime Minister is also expected to hold several bilateral meetings on the sidelines of the summit. Media reports suggest a possible meeting with US President Donald Trump, although an official confirmation is yet to be announced. If it takes place, it would mark the first interaction between the two leaders since their meeting in Washington, D.C., in February 2025.

    In the final phase of his visit, Prime Minister Modi will travel to Paris on June 18 to attend VivaTech, Europe’s largest technology and startup summit. His participation is expected to showcase India’s growing stature as a global hub for innovation, entrepreneurship, digital transformation, and emerging technologies.

    The Ministry of External Affairs said the visit will further deepen India’s strategic partnerships with France and Slovakia while reinforcing the country’s role as a leading voice of the Global South. The tour is also expected to strengthen collaboration in innovation, investment, technology, and education, while advancing India’s vision of becoming a global knowledge and innovation powerhouse.

  • Telangana Village Sets Example by Choosing Government Schools for All Children

    Hyderabad, June 10 (UDN): In a significant step towards strengthening public education, residents of Babapur village in Telangana’s Nirmal district have unanimously resolved to enrol their children in government schools, demonstrating strong faith in the state’s public education system.

    Telangana Village Sets Example by Choosing Government Schools for All Children

    Representational image

    The decision was taken after a series of discussions held at the village level, where community members deliberated on ways to improve educational opportunities for children while supporting government institutions. The resolution was formally adopted during a Gram Panchayat meeting, with villagers agreeing that all school-going children from the village should attend government schools.

    Babapur, a predominantly agrarian village under Lakshmanachanda Mandal, has drawn attention for what many see as a rare and inspiring collective commitment to public education. Villagers believe that increased enrolment will not only benefit students but also contribute to the overall improvement and growth of government schools.

    Village Sarpanch Padigela Lakshmi said quality education is vital for the future of children and the development of the community. She expressed confidence in the capabilities of government school teachers and emphasized that public educational institutions continue to play a crucial role in providing affordable and quality education, particularly for rural and economically weaker families.

    Education experts and local residents have welcomed the initiative, describing it as a model that could inspire similar efforts in other villages across Telangana and beyond. They noted that community participation is essential for strengthening government schools and ensuring better educational outcomes.

    The resolution comes at a time when governments across the country are investing heavily in upgrading school infrastructure, enhancing teaching standards and improving learning environments. Observers believe the Babapur initiative sends a strong message about public trust in government education and highlights the role communities can play in shaping the future of local institutions.

    The village’s collective decision is being viewed as a positive example of grassroots leadership and community-driven action aimed at ensuring quality education for every child while reinforcing the importance of a robust public education system.

  • ECLAT Health Solutions Completes Management Buyout from Gulf Capital, Opening Next Chapter of Growth

    India, June 10: ECLAT Health Solutions, a leading revenue cycle management (RCM), risk adjustment and healthcare technology partner, today announced the completion of a Management Buyout (MBO) from Gulf Capital, one of the largest and most active private equity firms investing from the GCC to Asia. The transaction marks the close of a highly successful partnership and returns full ownership of ECLAT to its founders and management team.
     
    Over the course of ECLAT’s partnership with Gulf Capital, the organizations worked closely to accelerate growth and build a differentiated healthcare services platform defined by scale, breadth, technology and long-term value. With Gulf CapitalECLAT expanded its revenue cycle management service offerings and added payer-centric risk adjustment and technology solutions. This diversification, alongside continued expansion and market adoption of its leading RCM services, enabled ECLAT to grow its workforce from 450 to more than 4,000 employees across the United States, India and the Philippines, and achieve a tenfold increase in both revenue and EBITDA—representing a 75% EBITDA compound annual growth rate over five years.
     
    “When we partnered with Gulf Capital in 2020, we had a clear vision for what ECLAT could become—and together we executed against that vision with focus, discipline and ambition,” said Karthik Polsani, founder and group CEO, ECLAT Health Solutions. “Gulf Capital was a true strategic partner throughout the journey, supporting us in strengthening our leadership team, expanding our capabilities and scaling the business to new levels of performance. This partnership helped transform ECLAT into a stronger, more resilient organization with a clear platform for long-term growth. As the founders and management team resume full ownership, we do so with pride in what we have built together and with great excitement for the next chapter of ECLAT’s evolution.”
     
    Central to ECLAT’s growth is evaire, its proprietary AI and analytics platform. Powered by agentic AI and deep payer expertise, evaire enables end-to-end chart retrieval and review, risk adjustment coding, Confidence Scoring, payer analytics and more. ECLAT’s payer expansion and technology offerings—together with its core RCM services and highly qualified clinical coding teams—position the company for its next phase of growth and innovation in a rapidly shifting healthcare landscape.
     
    “Over the past several years, we have significantly professionalized and scaled the organization—building robust operational processes, investing in talent and enhancing our service offering to better serve our clients,” said Sneha Polsani, Founder and COO, ECLAT Health Solutions. “Working alongside Gulf Capital accelerated this journey and positioned ECLAT for sustainable, long-term growth. As we move forward, we are exceptionally well positioned to continue executing on our strategy, deepen our provider and payor partnerships, pursue selective strategic opportunities and deliver consistent value to our partners and stakeholders.”
     
    “Our next chapter is about building on this momentum,” said Gabe Stein, CEO, ECLAT Health Solutions. “ECLAT has the scale, client trust, technology platform and operating depth to continue growing organically while also pursuing strategic opportunities that expand our capabilities and strengthen the value we deliver to healthcare organizations.”
     
    ECLAT’s MBO represents one of the most successful realizations in Gulf Capital’s history and highlights its ability to build market-leading platforms through active ownership and deep operational value creation. The transaction also reflects ECLAT’s proven ability to scale, professionalize operations and create significant value for long-term partners.
     
    “This investment exemplifies Gulf Capital’s approach to partnering with exceptional founders and management teams and supporting them in building differentiated, high-quality platforms,” said Mohammad Madani, Managing Director, Gulf Capital. “Together with ECLAT’s leadership team, we scaled ECLAT into a diversified and technology-enabled RCM and risk adjustment business serving clients across the U.S., making it one of the standout successes of our Fund III portfolio. This investment highlights Gulf Capital’s proven Control Growth Buyout model, where we acquire majority stakes in leading businesses and accelerate their growth and profitability before executing successful exits. We are proud of what has been accomplished in this investment and are confident in ECLAT’s continued momentum under its founders’ and management team’s leadership.”
     
    ECLAT’s evolution reflects a partnership built on conviction, constant momentum and a shared determination to build something exceptional through relentless execution,” said Fouad Daher, Executive Director at Gulf Capital. “Together with Karthik, Gabe, Sneha and the broader leadership team, we expanded the platform meaningfully across services, geographies, technology and talent, creating a business of real scale, resilience and strategic depth. The quality and resilience of the platform today reflect the depth of what was built together, and with the foundations now firmly in place, we believe the most exciting chapter for ECLAT is still to come.”