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Statement – Leaders’ call on a safer digital space for minors

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ÉVIAN, France, June 17, 2026 /CNW/ – “We, the Leaders of the G7, are committed to providing a safe digital space for our minors, which include children and youth under 18, for their development, for their education and for their well-being. Children and youth’s online experiences should be safe, enriching and development focused. Digital service providers have the important role and opportunity to provide digital platforms which are safe-by-design, secure, privacy-preserving, age-appropriate and protective of children and youth, including by default settings. Parents, guardians and carers should be empowered to guide minors’ online experience, including through parental control tools. Partners countries of the G7, Brazil, Egypt, India, Kenya, and the Republic of Korea also support this call.

Digital technology can play a positive role for our children and youth, societies and economies, through learning, expanding access to education and healthcare, fostering creativity and social connection. Parents, teachers and education systems should empower and equip them with the necessary skills and literacy to critically and responsibly engage with digital technologies, media and information. Digital education programs complement offline educational and social activities.

Despite these benefits, digital service can pose risks for children and youth. They can be exposed to illegal and age-inappropriate content and interactions damaging their mental health and well-being. The use of certain digital service that incorporate attention and engagement maximizing features that can lead to compulsive and habit-forming behaviours, as well as others risks have raised concerns.

Recommendation systems should, when used, be designed to elevate age-appropriate content and to reduce exposure to risks. Digital service should be designed to empower parents and minors with tools to be more in control of their experience and data through safety-by-design approaches, such as protective and by default settings, including parental control tools. Minors’ safety is ensured safeguarded by the implementation of risk management, assessment and mitigation.

We therefore call on all governments, digital service providers, public authorities where applicable and relevant stakeholders to prioritize the protection of children and youth’s physical and mental health, privacy and safety online.

We call on digital service providers to develop and apply technology and systems that ensure safe, secure and age-appropriate experiences including through effective and innovative age assurance mechanisms while preserving the privacy of users according to respective jurisdictions, national circumstances and applicable legal frameworks. We support comprehensive risk-based approaches, and empowering parents and guardians through meaningful and easy-to-use parental controls tools and information. We welcome the G7 Common Set of Principles adopted by our ministers, and call for further action. In this regard, we will work to ensure a safe, age-appropriate experience online for children and youth through all relevant tools.While conversational artificial intelligence tools offer important opportunities for innovation, education and development, we recognise risks associated with children and youth’s use of conversational artificial intelligence systems, undermining their well-being and safety and reinforcing the need to build their critical skills to engage responsibly in digital space. It is important for providers to develop and apply safety settings by default for children and youth, including parental control tools and age assurance solutions, to make conversational artificial intelligence tools safer for children and youth, in a timely manner.Given the importance of helping children and youth to seamlessly distinguish authentic from synthetic content and to identify content provenance, we support ongoing efforts by the industry to strengthen the reliability, interoperability when feasible, effectiveness and robustness of their technical means. Digital service providers have a critical role to play in enhancing transparency through enabling an understanding of content provenance, promoting digital literacy and awareness to engage with digital technologies, media and information. We encourage continuous dialogue between G7 members’ governments, public authorities and digital service providers, as approaches to content transparency continue to be explored.We remain strongly committed to prohibiting the generation, the manipulation and the distribution of child sexual abuse material and criminal activity related to non-consensual intimate imagery, including deepfakes particularly when they involve children and youth, in accordance with national circumstances and legal frameworks. To contribute to the necessary prevention of these criminal acts, digital service providers must implement effective detection and removal measures on their platforms. The prohibition of such content as well as online grooming, sexual exploitation and sexual extortion, remains a non-negotiable principle in the development and deployment of artificial intelligence systems and digital service. Some of these harms, including non-consensual intimate imagery and sexualized content, may disproportionately affect girls and young women, affect boys and young men, and encourage self-harm.We are committed to preventing and countering the exposure of children and youth to violent extremism and terrorism online. Digital service providers should adopt appropriate safeguards and work collaboratively with law enforcement to reduce the targeting of children and youth and the recruitment, especially into organized crime including for drug trafficking and violent extremism. To this end, parents, guardians and carers should also be empowered to prevent these phenomena.

We recognise the benefits of sharing best practices, to produce coordinated and effective efforts, gathering a broad range of actors, including researchers, educational systems and digital service providers, and to work on the opportunities and impacts of digital service and artificial intelligence on children and youth. We are committed to fostering a research and scientific ecosystem capable of studying those benefits and challenges. Advancing scientific knowledge and evidence-based policymaking benefits from sharing of data, impartial evaluations and common standards in assessments methodologies of artificial intelligence models and algorithmic systems, to objectively evaluate impact on minors’ safety. In order to support an evidence-based approach, transparency and accountability are essential. We will work together with relevant stakeholders to support this research and evaluations. We welcome the G7 Common Set of Principles defining a safer and more secure digital space for minors adopted by our ministers, and ask them to meet regularly and to assess the progress of this work at the latest by the end of this year.

This call reflects the outcome of the discussion between G7 members, benefiting from productive exchanges of views with partner countries, Brazil, Egypt, India, Kenya and the Republic of Korea.”

This document is also available at https://pm.gc.ca

SOURCE Prime Minister’s Office

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IIFL Capital Launches Algo Marketplace with Over 100 Ready-Made Strategies

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57 minutes ago

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June 19, 2026

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MUMBAI, India, June 19, 2026 /PRNewswire/ — IIFL Capital Services Limited (https://www.iiflcapital.com) today announced the launch of its next-generation algorithmic trading platform. The platform offers access to more than 100 ready-made exchange-approved algorithmic trading strategies, making sophisticated trading tools accessible to a wider investor base.

Algorithmic trading has emerged as one of the fastest-growing segments in global capital markets, driven by advances in technology, data analytics and automation. In India, increasing regulatory clarity and growing investor adoption are accelerating the shift towards systematic and rules-based trading approaches.

Commenting on the launch, Rachit Mehta, Head of Products and Platform, IIFL Capital, said:

“For over three decades, IIFL has been at the forefront of innovation in India’s financial services industry. From pioneering digital investing solutions to building cutting-edge trading infrastructure, technology has been central to our growth journey. The launch of our Algo Marketplace marks another important milestone in that evolution.”

“With access to over 100 ready-made strategies, a robust technology architecture and participation from leading exchange-approved strategy providers, I believe we have created one of the most comprehensive algorithmic trading ecosystems in the country. Our objective is to democratize access to sophisticated trading strategies and empower investors with institutional-grade tools through a simple and intuitive platform.”

The launch further strengthens IIFL Capital’s position as a technology-led financial services institution. Over the past three decades, the company has consistently invested in digital innovation, helping millions of investors access capital markets through advanced yet user-friendly solutions.

As algorithmic trading continues to gain momentum in India, IIFL Capital’s platform aims to bridge the gap between institutional-grade technology and retail investor participation, bringing automation, discipline and data-driven decision-making to a broader audience.

About IIFL Capital Services Ltd

IIFL Capital Services Ltd (formerly known as IIFL Securities Limited) (NSE: IIFLCAPS) (BSE: 542773) is one of the key capital market players in the Indian financial services space. IIFL Capital offers broking services, wealth management, financial products distribution, institutional broking, research and investment banking services.

Photo: https://mma.prnewswire.com/media/2997315/IIFL_Algo_announcement.jpg

 

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LUMIQ Raises INR 50 Crore Pre-Series B to Become the AI Decision Layer for Financial Services

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57 minutes ago

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June 19, 2026

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While most AI in financial services remains advisory, LUMIQ has built the layer that owns the decision — autonomous, auditable AI agents making regulated calls in production at leading banks, insurers, and capital markets firms. Today, LUMIQ serves clients across India, the United States, and Southeast Asia — leading institutions across insurance, banking, and capital markets.

NEW DELHI and MUMBAI, India, June 19, 2026 /PRNewswire/ — LUMIQ, an AI-native financial services company, today announced a strategic funding round to scale auto-decisioning for financial institutions across the United States and Southeast Asia. The round was led by Bajaj Finserv, one of India’s largest and most diversified financial services groups, with participation from existing investor Info Edge Ventures.

Right now, thousands of customers are waiting for a policy to be issued, a loan to be disbursed, a claim to be adjudicated, because somewhere an FSI employee is drowning in decisions, held back by the risk of getting it wrong. Today, when e-commerce delivers the same day, banks and insurers still decide in weeks. We built LiteCone to take that burden: AI decides the routine cases, completely and accountably, so humans spend their judgment on the one case that actually needs it. This round lets us bring that to every financial institution in the markets that matter most.
Shoaib Mohammad, Co-founder and CEO, LUMIQ

From AI that assists to AI that decides

For decades, financial institutions have bought technology that made their people faster — faster data, faster scoring, faster copilots. The decision still landed on a human. LUMIQ is changing that. Through its LiteCone platform, the company deploys AI agents that read the file, apply the institution’s own guidelines, and reach the decision end to end — escalating only the cases that genuinely require human judgment. The output is not a recommendation. It is a decision, with full reasoning attached, cross-referenced to policy, and defensible under audit.

The results in production speak clearly. At a leading life insurer, LUMIQ’s LEO agent decides 75–80% of underwriting cases with zero human touch, reduced policy issuance cost by roughly 25%, and compressed turnaround from days to under eight minutes — running 24×7 with complete auditability. Across its client base spanning insurance, banking, and capital markets in India, the US, and Southeast Asia, LUMIQ now processes millions of decisions annually.

LiteCone turns a real financial-services role into a working AI agent in weeks. Every agent we deploy is consistent, explainable, compliant, and auditable by design — not as an afterthought. This capital lets us go deeper on the platform and broader across roles. And through our cloud and AI lab partnerships, institutions will increasingly find LiteCone already embedded in the platforms they run today.
Vaibhav Dobriyal, Co-founder and Chief Product Officer, LUMIQ

This round funds four priorities: expanding go-to-market in the US and Southeast Asia; deepening LiteCone’s decisioning capabilities; extending the agent workforce across more financial-services roles; and building a partnership ecosystem with cloud hyperscalers, AI labs, and core banking and insurance platforms so LiteCone is embedded where institutions already run.

LUMIQ’s investors backed the round for the same reason its customers adopt LiteCone: agents already deciding in production, with auditability and control built in.

As a financial-services group, we know how much rests on getting regulated decisions right, at speed and at scale. LUMIQ has built AI agents that decide in production with auditability and control built in, the capability the industry has been moving toward. We are proud to lead this round and to support the team’s expansion across the US and Southeast Asia.
Lakshmi Iyer, Group President – Investments & CEO, Bajaj Alternates

Our conviction is grounded in what LUMIQ has already built. Their AI agents aren’t just built for the future. They are operating in production today, at speed. This combination is rare, and its value will only compound as the company scales globally.
Girish Jhunjhunwala, Fund Manager – PE and VC Investments, Bajaj Alternates

Financial services is one of the hardest categories to crack — regulated, risk-averse, and unforgiving of hype. LUMIQ has put agentic AI into live financial-services workflows and earned the trust of large institutions across the US, Southeast Asia and India. That is how a category-defining company in financial-services AI gets built, and we are proud to keep backing the team as they scale globally.
Kitty Agarwal, Partner, Info Edge Ventures

LUMIQ’s goal is to lead one category: auto-decisioning at production scale for financial services. Agents that act, not assist, and never compromise audit, compliance, or predictability.

About LUMIQ

LUMIQ is an AI-native financial services company. Through its LiteCone platform and a growing workforce of production AI agents, LUMIQ turns real financial-services roles — insurance underwriter, credit underwriter, claims adjudicator — into agents that are consistent, explainable, compliant, and auditable. The company pairs deep domain expertise across banking, insurance, and capital markets with frontier AI. LUMIQ employs over 350 AI and data specialists, and has offices in New Jersey, Singapore, and Delhi NCR (India).

Web: www.lumiq.ai

Photo – https://mma.prnewswire.com/media/2997317/LUMIQ_Funding.jpg

 

 

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LUMIQ Raises Strategic Funding to Become the AI Decision Layer for Financial Services

Published

57 minutes ago

on

June 19, 2026

By

While most AI in financial services remains advisory, LUMIQ has built the layer that owns the decision — autonomous, auditable AI agents making regulated calls in production at leading banks, insurers, and capital markets firms. Today, LUMIQ serves clients across India, the United States, and Southeast Asia — leading institutions across insurance, banking, and capital markets.

NEW YORK and SINGAPORE, June 19, 2026 /PRNewswire/ — LUMIQ, an AI-native financial services company, today announced a strategic funding round to scale auto-decisioning for financial institutions across the United States and Southeast Asia. The round was led by Bajaj Finserv, one of India’s largest and most diversified financial services groups, with participation from existing investor Info Edge Ventures.

Right now, thousands of customers are waiting for a policy to be issued, a loan to be disbursed, a claim to be adjudicated, because somewhere an FSI employee is drowning in decisions, held back by the risk of getting it wrong. Today, when e-commerce delivers the same day, banks and insurers still decide in weeks. We built LiteCone to take that burden: AI decides the routine cases, completely and accountably, so humans spend their judgment on the one case that actually needs it. This round lets us bring that to every financial institution in the markets that matter most.
Shoaib Mohammad, Co-founder and CEO, LUMIQ

From AI that assists to AI that decides

For decades, financial institutions have bought technology that made their people faster — faster data, faster scoring, faster copilots. The decision still landed on a human. LUMIQ is changing that. Through its LiteCone platform, the company deploys AI agents that read the file, apply the institution’s own guidelines, and reach the decision end to end — escalating only the cases that genuinely require human judgment. The output is not a recommendation. It is a decision, with full reasoning attached, cross-referenced to policy, and defensible under audit.

The results in production speak clearly. At a leading life insurer, LUMIQ’s LEO agent decides 75–80% of underwriting cases with zero human touch, reduced policy issuance cost by roughly 25%, and compressed turnaround from days to under eight minutes — running 24×7 with complete auditability. Across its client base spanning insurance, banking, and capital markets in India, the US, and Southeast Asia, LUMIQ now processes millions of decisions annually.

LiteCone turns a real financial-services role into a working AI agent in weeks. Every agent we deploy is consistent, explainable, compliant, and auditable by design — not as an afterthought. This capital lets us go deeper on the platform and broader across roles. And through our cloud and AI lab partnerships, institutions will increasingly find LiteCone already embedded in the platforms they run today.
Vaibhav Dobriyal, Co-founder and Chief Product Officer, LUMIQ

This round funds four priorities: expanding go-to-market in the US and Southeast Asia; deepening LiteCone’s decisioning capabilities; extending the agent workforce across more financial-services roles; and building a partnership ecosystem with cloud hyperscalers, AI labs, and core banking and insurance platforms so LiteCone is embedded where institutions already run.

LUMIQ’s investors backed the round for the same reason its customers adopt LiteCone: agents already deciding in production, with auditability and control built in.

As a financial-services group, we know how much rests on getting regulated decisions right, at speed and at scale. LUMIQ has built AI agents that decide in production with auditability and control built in, the capability the industry has been moving toward. We are proud to lead this round and to support the team’s expansion across the US and Southeast Asia.
Lakshmi Iyer, Group President – Investments & CEO, Bajaj Alternates

Our conviction is grounded in what LUMIQ has already built. Their AI agents aren’t just built for the future. They are operating in production today, at speed. This combination is rare, and its value will only compound as the company scales globally.
Girish Jhunjhunwala, Fund Manager – PE and VC Investments, Bajaj Alternates

Financial services is one of the hardest categories to crack — regulated, risk-averse, and unforgiving of hype. LUMIQ has put agentic AI into live financial-services workflows and earned the trust of large institutions across the US, Southeast Asia and India. That is how a category-defining company in financial-services AI gets built, and we are proud to keep backing the team as they scale globally.
Kitty Agarwal, Partner, Info Edge Ventures

LUMIQ’s goal is to lead one category: auto-decisioning at production scale for financial services. Agents that act, not assist, and never compromise audit, compliance, or predictability.

About LUMIQ

LUMIQ is an AI-native financial services company. Through its LiteCone platform and a growing workforce of production AI agents, LUMIQ turns real financial-services roles — insurance underwriter, credit underwriter, claims adjudicator — into agents that are consistent, explainable, compliant, and auditable. The company pairs deep domain expertise across banking, insurance, and capital markets with frontier AI. LUMIQ employs over 350 AI and data specialists, and has offices in New Jersey, Singapore, and Delhi NCR (India).

Web: www.lumiq.ai

Photo – https://mma.prnewswire.com/media/2997283/LUMIQ_Funding.jpg

 

 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/lumiq-raises-strategic-funding-to-become-the-ai-decision-layer-for-financial-services-302805240.html

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