Latest news with #Accounts
The Citizen
28-05-2025
- Business
- The Citizen
WATCH: Meta Teen accounts launched in SA
In a significant step towards enhancing online safety for teenagers, Meta has announced the launch of Teen Accounts in South Africa. Meta has launched Teen accounts as part of the companies broader commitment to ensuring safe, private, and positive online experiences for teens across Africa. This also helps parents to keep track of their teens online activity without invading their privacy. Meta is proud to announce the launch of Teen Accounts on Instagram in South Africa. Picture: Supplied Key protections offered with Meta Teen Accounts include: Teen accounts default to private: Under-16s need parental guidance to change this setting. Under-16s need parental guidance to change this setting. Messaging Restrictions: Teens can only receive messages from people they are already connected to. Teens can only receive messages from people they are already connected to. Sensitive Content Control : Teen accounts default to limited sensitive content in search, explore, feed, and reels. : Teen accounts default to limited sensitive content in search, explore, feed, and reels. Limited Interactions: Teens can only be tagged by followers; hidden words anti-bullying feature is enabled by default. Teens can only be tagged by followers; hidden words anti-bullying feature is enabled by default. Time Limit Reminders : Notifications prompt teens to exit the app after 60 minutes of daily usage. : Notifications prompt teens to exit the app after 60 minutes of daily usage. Sleep Mode: Enabled from 10pm to 7am, this feature mutes notifications and sends automatic replies to direct messages overnight. To mark the launch, Meta is hosting an exclusive event series where parents, content creators, policy stakeholders, media and teens can engage on the available safety features and tools. Meta says it remains committed to developing tools, resources, and partnerships that protect teens and foster safer online experiences for families in South Africa. For more information about Teen Accounts and updates to parental supervision tools, click here. NOW WATCH: It's confirmed! Red Bull Shay' iMoto 2025 is coming to Durban
Business Mayor
24-04-2025
- Business
- Business Mayor
Binance Launches Fund Accounts – the First Crypto Exchange Solution Lowering the Entry Barrier to Crypto for Fund Managers
Mirrored on traditional finance account infrastructure, fund managers can now set up omnibus accounts on Binance to streamline investment trading strategies and focus on growth DUBAI , UAE , April 24, 2025 /PRNewswire/ — Binance , the global blockchain ecosystem trusted by over 270 million users worldwide, today announced Fund Accounts, the first digital asset exchange technological solution for fund managers to facilitate pooling of their investors' assets to streamline fund management operations and enhance trading efficiency. Powered by Binance's robust account management infrastructure and technology, Fund Accounts reduces friction for fund managers with a new and efficient way to manage investor capital on the world's largest cryptocurrency exchange by trading volume. Mirrored on account infrastructure available in traditional finance, Binance Fund Accounts allows fund managers to consolidate externally-raised investor funds into one or multiple omnibus Fund Accounts based on their preferred trading strategies. This plug-and-play account infrastructure enables fund managers to operate with greater flexibility and efficiency, freeing them to focus on strategy execution to deliver for their investors. Until now, fund managers trading on crypto exchanges could only manage each of their investor's assets individually in segregated trading accounts, limiting the managers' ability to streamline and scale for performance as they usually do in traditional fund management. Bringing TradFi user experience and trust to crypto asset management Binance Fund Accounts introduce a universal net asset value (NAV) per unit concept widely used in TradFi to provide a clear and trackable profit-and-loss (PnL) for each fund and will address the lack of a common market standard in crypto asset management. The NAV per unit calculation will give transparency to fund managers and their investors, and also ensure that each respective investor is only able to withdraw the assets that they're entitled to. Fund managers will have trading capabilities over the fund accounts while deposits and withdrawals are limited to their investors, giving investors the confidence their assets are securely kept on Binance. This will foster trust in the growing crypto asset management sector and remove barriers for emerging fund managers to address counterparty risk concerns of investors. Investors and fund managers would need to enter into a separate agreement regarding subscription and redemption, ensuring transparency and clarity in the asset management process. This framework is modeled after traditional finance to provide fund managers with more cohesive management of investor capital and reduces complexity, offering fund managers and their investors a TradFi-like user experience they are familiar with. Head of Binance VIP & Institutional, Catherine Chen , says: 'Fund managers are seeking efficient, scalable solutions to adapt their strategies to the ever-evolving crypto landscape. Binance Fund Accounts is a plug-and-play tool that lets fund managers streamline investment management, allowing them to focus on strategy execution and efficient capital deployment. Our technology solution empowers fund managers to offer a more seamless and flexible approach to digital asset management while ensuring that their investors can benefit from the security and deep liquidity Binance is known for. We are excited to continue leading the way in transforming how institutional clients engage with digital assets.' Key benefits of Fund Accounts include: Streamlined Portfolio Management: Fund Accounts significantly reduces the operational complexity associated with managing multiple accounts by consolidating investor assets into a single omnibus account. This enables fund managers to execute strategies more efficiently, reducing time and effort spent on individual account adjustments. Fund Accounts significantly reduces the operational complexity associated with managing multiple accounts by consolidating investor assets into a single omnibus account. This enables fund managers to execute strategies more efficiently, reducing time and effort spent on individual account adjustments. Flexibility in Strategy Execution: The flexibility to create multiple fund accounts allows managers to deploy different trading strategies tailored to each fund while maintaining an efficient, centralized structure for all investor assets. This enables fund managers to focus on strategic decision-making rather than operational overhead. The flexibility to create multiple fund accounts allows managers to deploy different trading strategies tailored to each fund while maintaining an efficient, centralized structure for all investor assets. This enables fund managers to focus on strategic decision-making rather than operational overhead. Investor Diversification: With the functionality of setting up multiple fund accounts, fund managers can attract a variety of investors based on their risk appetite and thus set up fund accounts with tailored trading strategies accordingly. With the functionality of setting up multiple fund accounts, fund managers can attract a variety of investors based on their risk appetite and thus set up fund accounts with tailored trading strategies accordingly. Net Asset Value (NAV) Per Unit standard: Fund Accounts introduces a universal NAV per unit concept widely used in TradFi to provide a clear and trackable PnL for each fund, setting a common standard for the crypto asset management market. The NAV per unit standard provides transparency for both fund managers and their investors, makes it easier for managers to communicate fund performance, and enables the calculation and tracking of each investor's entitlement in each investment fund. Fund Accounts introduces a universal NAV per unit concept widely used in TradFi to provide a clear and trackable PnL for each fund, setting a common standard for the crypto asset management market. The NAV per unit standard provides transparency for both fund managers and their investors, makes it easier for managers to communicate fund performance, and enables the calculation and tracking of each investor's entitlement in each investment fund. Foster Trust between Fund Managers and Investors: Binance's robust account management infrastructure ensures investors' assets are securely kept on the world's largest crypto exchange, while enabling fund managers flexibility and scalability in their trading execution and operations. This will cultivate trust in the growing crypto asset management sector and remove barriers for emerging fund managers to compete. Binance's robust account management infrastructure ensures investors' assets are securely kept on the world's largest crypto exchange, while enabling fund managers flexibility and scalability in their trading execution and operations. This will cultivate trust in the growing crypto asset management sector and remove barriers for emerging fund managers to compete. Business Growth and Scaling: Fund managers can now effectively scale up their fund size exponentially without incurring incremental operational costs as the funds are pooled for efficient management and execution. This addresses a long-standing pain point for fund managers when investing in digital assets, given that it is difficult and expensive to scale when managing multiple segregated accounts. Binance continues to lead the market in meeting demand for solutions that bridge the gap between crypto and TradFi for institutional users. Other first-in-market solutions pioneered by Binance include banking triparty to address counterparty risk concerns, and Binance Wealth which enables wealth managers to support their high-net-worth clients' crypto journey. Disclaimer: The products and services referred to herein may be restricted in certain jurisdictions or regions or to certain users, in accordance with applicable legal and regulatory requirements. These materials are intended only for those users who are permitted to access and receive the products and services referred to and are not intended for users to whom restrictions apply. Binance offers the Fund Account function as a purely technological solution to meet the needs of fund managers and investors. Binance is not a party to any contract entered into between the fund managers and investors. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. Past performance is not a reliable indicator of future performance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning . Read More Has The Crypto Spring Begun? – Forbes Advisor UK - Forbes About Binance Binance is a leading global blockchain ecosystem behind the world's largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 270 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: About Binance VIP & Institutional Binance VIP & Institutional empowers institutions and private wealth clients with robust asset management infrastructure, personalized VIP services and advanced end-to-end institutional trading tools on the world's largest cryptocurrency exchange by trading volume and registered users. With deep financial services experience in both traditional and crypto markets, its global team of trusted experts provides VIP & Institutional clients with the support they need to confidently capitalize on the industry's deepest liquidity and tightest markets. For more information, visit: Logo –
India Today
22-04-2025
- India Today
Meta is using AI to detect teenagers on Instagram, will automatically switch them to Teen Accounts
Several studies and concerns later, Meta is finally stepping up to improve its social media platforms, especially Instagram. After launching Teen Accounts last year, the company is now expanding the use of AI systems to detect teens on Instagram. This step aims to identify kids who have falsely claimed to be above 18. The plan is to detect these accounts and automatically switch them under Teen Accounts' restrictions. Moreover, teens under the age of 16 need their parents' permission to change any of these settings. But how will the company do it? Let's find out. advertisementMeta taking charge to detect teens on Instagram, thanks to AI Instagram has been relying on artificial intelligence to verify users' ages for some time now, but the platform has now confirmed that it's actively using this technology to ensure that teenagers are signed up under Teen Accounts, rather than adult ones. One of the ways Instagram identifies teens who may have entered a false date of birth is by analysing posts such as birthday wishes and considering reports submitted by other says it is working to ensure the AI it uses is accurate, particularly when assigning accounts to teens. Still, acknowledging the potential for error, the platform is allowing users to review and amend their settings if they believe a mistake has been made. 'The digital world continues to evolve and we have to evolve with it,' the company stated in a recent blog post. 'That's why it's important that we work together with parents to make sure as many teens as possible have the protective settings that come with Teen Accounts.'advertisementIn addition, Instagram announced it will start sending out notifications to parents with guidance on how to talk to their children about the importance of providing their correct age online. The platform emphasised that one of the most effective ways parents can help ensure their child's account is properly safeguarded is by confirming that the correct date of birth is Accounts: What is it, and how does it work? In February, Instagram — owned by Meta — rolled out a new feature in India known as Teen Accounts, aimed specifically at users under the age of 16. The initiative is part of the platform's effort to create a safer, more age-appropriate digital space for younger what exactly are Teen Accounts, and how do they function? These specially designed profiles come with default safety measures in place. For instance, accounts are automatically set to *private*, meaning teenagers must approve follower requests manually. This ensures only people they know or trust can see their posts or interact with them. Additionally, users who aren't approved followers cannot view the teen's content or message them directly, adding a strong layer of primary aim of Teen Accounts is to offer a secure and controlled environment for younger users, giving parents added reassurance. For teens, this translates to a more positive and secure Instagram experience — one where they can freely explore their interests, engage with friends, and consume content suited to their age, without the risk of unwanted contact or exposure to inappropriate Watch
Indian Express
22-04-2025
- Indian Express
Instagram says it is testing an AI tool that detects teen users pretending to be adults
Instagram is starting to test the use of AI in order to help detect whether a user is a teenager or an adult. The Meta-owned social media platform announced on Monday, April 21, that its AI technology will proactively find suspected teen users on the platform and place those accounts under Instagram Teen Accounts settings. Even Instagram accounts that list an adult birthday will be scrutinised using the AI tool, the company said. The AI-driven classification tool is currently being tested out only in the US. In a blog post, Instagram said that while it has been using AI to determine the age of users for some time now, using it in this manner was a 'big change'. The heightened measures come amid increased scrutiny on social media platforms and their adverse impact on the mental health and well-being of younger users. Several states in the US have passed laws requiring platforms to verify the age of users. Meanwhile, Australia became the first country last year to impose a nationwide ban on social media for under-16 users. How will it work? In a 2022 blog post, Meta revealed that it has developed an AI model to specifically act as an adult classifier. This model is capable of determining the account holder's age as it has reportedly been trained to look for various signals such as the type of content the account interacts with as well as when the account was created and other profile information. 'We're taking steps to ensure our technology is accurate and that we are correctly placing teens we identify into protective, age-appropriate settings, but in case we make a mistake, we're giving people the option to change their settings,' Instagram said. If an Instagram user is flagged by the AI tool as misrepresenting their age, the account will automatically become an Instagram Teen Account. Besides automated detection of underage users, Instagram said it will notify parents with information about why it is important for their teens to provide their correct age online. 'Understanding the age of people online is an industry-wide challenge. We'll continue our efforts to help ensure teens are placed in age-appropriate online experiences, like Teen Accounts, but the most effective way to understand age is by obtaining parental approval and verifying age on the app store,' the company said. What are Instagram Teen Accounts? Launched last year, Instagram Teen Accounts have built-in protections that limit who can contact teens, the content they see, and the time they spend online. 'Teens are automatically placed in these protective settings, and teens under 16 need parental or guardian approval to make changes,' the company said. An Instagram Teen Account is private by default. Under this setting, users can only receive direct messages from people that they already follow. Additionally, 'sensitive content' such as videos of people fighting or those promoting cosmetic procedures are restricted, as per the company. If a user is on the platform for more than 60 minutes per day, they will receive a notification reminding them to close the app. Furthermore, 'sleep mode' will be enabled from 10pm to 7am where notifications are muted and auto-replies sent to DMs. On Monday, Instagram said it has enrolled at least 54 million teens into Teen Accounts globally so far. Only users above the age of 13 are eligible to create an Instagram account. The platform said that over 97 per cent of teens aged between 13 to 15 have elected to keep these protections in place.
BBC News
08-04-2025
- Business
- BBC News
Meta expands Teen Accounts to Facebook and Messenger
Meta is expanding Teen Accounts - what it considers its age-appropriate experience for under 18s - to Facebook and system involves putting younger teens on the platforms into more restricted settings by default, with parental permission required in order to live stream or turn off image protections for was first introduced last September on Instagram, which Meta says "fundamentally changed the experience for teens" on the campaigners say it's unclear what difference Teen Accounts has actually made. "Eight months after Meta rolled out Teen Accounts on Instagram, we've had silence from Mark Zuckerberg about whether this has actually been effective and even what sensitive content it actually tackles," said Andy Burrows, chief executive of the Molly Rose added it was "appalling" that parents still did not know whether the settings prevented their children being "algorithmically recommended" inappropriate or harmful Drew Benvie, chief executive of social media consultancy Battenhall, said it was a step in the right direction."For once, big social are fighting for the leadership position not for the most highly engaged teen user base, but for the safest," he he also pointed out there was a risk, as with all platforms, that teens could "find a way around safety settings."The expanded use of Teen Accounts is beginning in the UK, US, Australia and Canada from that provide services popular with children have faced pressure to introduce parental controls or safety mechanisms to safeguard their the UK, they also face legal requirements to prevent children from encountering harmful and illegal content on their platforms, under the Online Safety the Online Safety Act is - and how to keep your child safe onlineRoblox recently enabled parents to block specific games or experiences on the hugely popular platform as part of its suite of controls. What are Teen Accounts? How Teen Accounts work depend on the self-declared age of the aged 16 to 18 will be able to toggle off default safety settings like having their account set to 13 to 15 year olds must obtain parental permission to turn off such settings - which can only be done by adding a parent or guardian to their says it has moved at least 54 million teens globally into teen accounts since they were introduced in says that 97% of 13 to 15 year olds have also kept its built-in restrictions. In coming months, younger teens will also need parental consent to go live on Instagram or turn off nudity protection - which blurs suspected nude images in direct over children and teenagers receiving unwanted nude or sexual images, or feeling pressured to share them in potential sextortion scams, has prompted calls for Meta to take tougher defends new teen safety features after criticismProf Sonia Livingstone, director of the Digital Futures for Children centre, said Meta's expansion of Teen Accounts may be a welcome move amid "a growing desire from parents and children for age-appropriate social media". But she said questions remained over the company's overall protections for young people from online harms, "as well as from its own data-driven and highly commercialised practices". "Meta must be accountable for its effects on young people whether or not they use a teen account," she added.
