Netflix to Make Its Content More Accessible With New Features 📽
Scott D. Clary | Daily Business, Tech & Finance Newsletter
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Netflix to Make Its Content More Accessible With New Features
Video streaming platform Netflix has announced the introduction of a handful of new features in a bid to make its content more accessible to its members with disabilities, marking the 11th anniversary of Global Accessibility Awareness Day (GAAD).
The new features include expanded language support for audio descriptions (AD) and Subtitles for the Deaf and Hard of Hearing (SDH).
Netflix will start rolling out the expanded language support feature this month and continue into 2023, with the company first adding support for Portuguese, Spanish, and French. Netflix plans to add a total of 20 languages for AD and SDH support.
“Before today, you would typically be able to access SDH and audio descriptions in the language of their original productions. By adding more languages for our users, we’re making sure that all of our members with disabilities can be included in the conversation that is happening around our content,” Heather Dowdy, head of product accessibility at Netflix, said in a statement.
The new AD & SDH features can be accessed through the audio and subtitles option when users are streaming any show or movie.
EV Maker Lucid to Build Car Factory 🏭 in Saudi Arabia 🇸🇦
Electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia, the company said in a press release.
The manufacturing facility will be able to produce 155,000 vehicles a year and will initially serve the local market; however, the vehicles will later be exported to global markets.
“This signing ceremony marks yet another step forward in the realization of Lucid’s mission to inspire the adoption of sustainable energy, and I’m delighted this brand-new manufacturing facility will come to fruition here in Saudi Arabia,” said Peter Rawlinson, Lucid’s CEO and CTO.
“We are thrilled to be supporting Saudi Arabia in achieving its sustainability goals and net-zero ambitions, as outlined in Saudi Vision 2030 and the Saudi Green Initiative, by taking steps to help diversify Saudi Arabia’s economy through the establishment of manufacturing capacity in KAEC for up to 155,000 of Lucid’s zero-emissions, electric vehicles per year,” Rawlinson added.
The luxury EV maker also wants to produce more than electric cars in Saudi Arabia and pointed to energy storage systems that could be linked to solar photovoltaic farms.
SWIFT And Capgemini Partner 🤝 to Test International Network 🌐 For CBDC Transfers
The financial messaging network used by banks in international money transfers SWIFT (The Society for Worldwide Interbank Financial Telecommunication), is teaming up with IT firm Capgemini to conduct experiments with cross-border central bank digital currency (CBDC) payments.
Under this partnership, the companies will develop a gateway for domestic CBDC networks to intercept, translate, and send them to the SWIFT platform for onward transmission.
The new system will use existing SWIFT standards, authentication models, and infrastructure.
“Facilitating interoperability and interlinking between different CBDCs being developed around the world will be critical if we are to fully realise their potential,” said Thomas Zschach, chief innovation officer at SWIFT in a statement.
“Today, the global CBDC ecosystem risks becoming fragmented with numerous central banks developing their own digital currencies based on different technologies, standards and protocols,” he added.
If the tests are successful, it will demonstrate that SWIFT has the capability and technical components to interlink different networks.
Payments Infrastructure Platform Xendit Lands in $300 Million Series D Funding 💰
Xendit, one of the fastest-growing payments infrastructure platforms for Southeast-Asian markets, has raised $300 million in its Series D funding round.
The funding was co-led by Coatue and Insight Partners, along with additional investment from Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia, Intudo, and Justin Kan’s Goat Capital.
Founded in 2014, Xendit is a fintech company that provides end-to-end digital payment solutions for SMBs and e-commerce startups to large enterprises.
The Indonesian-based startup processes payments, runs marketplaces, disburses payroll & loans, detects fraud, and helps other businesses grow exponentially.
Amid the fragmented payment landscape in Southeast Asia, Xendit enables businesses to accept payments from virtual accounts, credit & debit cards, eWallets, retail outlets, and online installments.
Xendit has more than 3,000 customers, including Samsung Indonesia, GrabPay, Ninja Van Philippines, Qoala, and Shopback, among others.
Xendit plans to use the fresh capital to expand into new markets, like Thailand, Malaysia, and Vietnam.
The funding will also be used to add value-added services in addition to payments, like working capital loans.
Around the Web 🌏
Cloud Service Provider Fastly Acquires Web Coding Platform Glitch: Fastly, a major provider of cloud services has announced that it will acquire web coding platform Glitch. The acquisition will bring together two of the world’s best ecosystems for application development into a single, seamless developer experience to deliver globally secure and reliable applications at scale.
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