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<ul class="summary-list"><li>The <keyword id="6359816" type="UNKNOWN" weightage="60" keywordseo="irs" source="Orion">IRS</keyword> will require users of its online portal to create an ID.me account from summer 2022.</li><li>ID.me is a digital identification company that requires selfies from users for facial recognition.</li></ul>The International Revenue Service (IRS) is going to require users of its online <keyword id="12148805" type="UNKNOWN" weightage="60" keywordseo="tax" source="Orion">tax</keyword> payment services to create an identification account, which will involve sending off a selfie for <a href="https://www.businessinsider.com/facial-recognition-promoters-say-misinformation-is-thwarting-the-technology-2021-10">facial recognition</a>.Security blogger Brian Krebs was the <a href="https://krebsonsecurity.com/2022/01/irs-will-soon-require-selfies-for-online-access/">first to spot</a> a message on the IRS website directing users to create an account with a company called ID.me."If you have an existing IRD username, please create a new ID.me account as soon as possible. We're bringing you an improved sign-in experience. You won't be able to log in with your existing IRS username and password starting in summer 2022," the message read.Creating an ID.me account involves submitting various pieces of official documentation, as well as taking a live video selfie.An IRS spokesperson confirmed to <a href="https://gizmodo.com/irs-will-require-facial-recognition-scans-to-access-you-1848387715?scrolla=5eb6d68b7fedc32c19ef33b4">Gizmodo</a> that users will need an ID.me account to make and view payments, and access their tax records.The Department of the Treasury did not immediately respond when contacted by Insider.ID.me offers digital identification services, and was able to land contracts with the US state governments over the course of the pandemic, <a href="https://www.bloomberg.com/news/features/2022-01-20/cybersecurity-company-id-me-is-becoming-government-s-digital-gatekeeper">Bloomberg</a> reports.One user told Bloomberg they ran into significant problems trying to send off a selfie to ID.me, as the app failed to recognise her face, and then locked her out for 72 hours at a time.Bloomberg also found a log of complaints lodged against ID.me by users with California's Employment Development Department (EDD). One complaint involved a transgender user who was blocked from accessing state benefits because the gender stated on their driver's license and their passport didn't match.

The IRS will start using facial recognition this summer — and you'll have to send off a selfie if you want to pay your taxes online

<ul class="summary-list"><li>The European Commission said Wednesday it has approved the London Stock Exchange Group's (LSEG) acquisition of <keyword id="6355729" type="ORGANIZATION" weightage="60" keywordseo="data">data</keyword> company <keyword id="7003162" type="UNKNOWN" weightage="60" keywordseo="Refinitiv">Refinitiv</keyword> for $27 billion.</li><li>The deal to buy Refinitiv is subject to a number of conditions, including the sale of LSEG's Borsa Italiana operations.</li><li>"The Commission therefore concluded that the transaction, as modified by the commitments, would no longer raise competition concerns," the European Commission said in a <a href="https://ec.europa.eu/commission/presscorner/detail/en/ip_21_103">statement</a>.</li></ul><keyword id="6355123" type="LOCATION" weightage="60" keywordseo="eu">EU</keyword> antitrust regulators have given the green light to the London Stock Exchange's $27 billion acquisition of data company Refinitiv, subject to a number of conditions including the sale of its Borsa Italiana operations.The European Commission, which oversees competition policy in the 27-nation European Union, said in a <a href="https://ec.europa.eu/commission/presscorner/detail/en/ip_21_103">press release</a> on Wednesday that the purchase had been approved after its investigation found a number of concerns.To address them, the LSE Group (LSEG) has agreed to divest its 99.9% stake in the Borsa Italiana group and to continue offering its global over-the-counter interest rate derivative (OTC IRD) clearing services performed by LCH Swapclear on an open access basis.It has also agreed to provide access to the LSE venue data, FTSE UK Equity Indices, and WM/R FX benchmarks to all existing and future downstream competitors.The duration of the OTC IRD and financial data commitments is 10 years."The commitments offered by LSEG fully address the competition concerns raised by the proposed transaction," the Commission said in a statement."The Commission therefore concluded that the transaction, as modified by the commitments, would no longer raise competition concerns."Executive Vice-President Margrethe Vestager, in charge of competition policy, <a href="https://ec.europa.eu/commission/presscorner/detail/en/ip_21_103">said</a>: "Infrastructure competition in trading services and access to financial data products on fair and equal terms is essential for the European economy and in particular for consumers and businesses."Today, we can approve the proposed acquisition of Refinitiv by LSEG because LSEG offered commitments that will ensure that the markets will remain open and competitive and the acquisition will not lead to higher prices or less choice and innovation for these products."

The EU gives London Stock Exchange the green light for a $27 billion takeover of data company Refinitiv

The idea of celebrating the <a href="http://www.businessinsider.in/searchresult.cms?query=international+women+day">International Women’s Day</a> is not only about sending greeting, flowers, cards, gifts or taking women out for dinners. It is more than that. 
 
<a href="http://www.businessinsider.in/searchresult.cms?query=women">Women</a>, whenever given a chance or the slightest motivation, have always proven their mettle in various fields. In male-dominated sectors also, women have shouldered all responsibilities and have outpaced men too. 
 
Despite possessing the required talent, skills, <a href="http://www.businessinsider.in/searchresult.cms?query=leadership">leadership</a> qualities, multi-talented approach, etc, there is a gap that still persists in majority of the companies and sectors-pay parity. 
 The theme for International Women’s Day 2016 is ‘<keyword id="3275576" type="UNKNOWN" weightage="20" keywordseo="pledge-for-parity">Pledge for Parity</keyword>’, which also calls for equal status when it comes to salaries. 
 
However, the pay parity is only growing even in the 21st century. In the tech sector too, the difference is glaring. 
 
Shachi Irde, Executive Director, Catalyst India WRC, said, “As per Catalyst research, women and men in India’s technology sector start off their careers with equal pay, responsibilities and aspirations. However, a pay gap emerges over time; women employees earn Rs 3.8 lakh less than men by the time they have completed 12 years in their careers.” 
 
This means, if a man is earning Rs 5 lakh (12 years into his career); a woman who started off at the same time as him, at the same level, ends up earning Rs 1.2 lakh. 
 
The reasons for this gap can be attributed to an unconscious bias, less opportunities, management, etc. 
 
“One of the major reasons for this gap to emerge is that women are not given the right opportunities. It starts with the difference between job roles and responsibilities assigned to women and men as they move ahead in their profession. It is observed that women tend to get more support roles while men are given roles which have higher visibility and greater impact on business. This enables men employees to advance faster,” said Irde. 
 
So how long do we need to bridge this gap? As per the Global Gender Gap Report 2015 by the World Economic Forum, at the rate at which the gender gap is closing, it wouldn’t completely be bridged until 2133. 
 
Here is an Infograph on the huge pay difference between men and women:

Women’s Day: Pay Parity is a joke. The reality is shocking

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Paulo Philippidis / flickr</div></div></div>Spark Therapeutics said its experimental gene therapy helped improve vision in patients with a type of inherited eye disorder in a late-stage study, and now the stock is rocketing higher. In early trading on Monday, the stock was up as much as 30%. Before the market opened shares gained as much as 50%. Spark has a market cap of around $1.5 billion. The drug developer said its lead drug, SPK-RPE65, met the goals of improving vision and sensitivity to light in patients previously at the risk of total blindness.SPK-RPE65 is a form of gene therapy, a treatment which aims to insert corrective genes into malfunctioning cells.Spark said it would file for marketing approval in the United States in 2016.Mutations in the RPE65 gene lead to a range of visual impairments. The gene is present in a cell layer just outside the retina.The drug could be worth about $65 per share to Spark for this specific condition, Cowen analysts wrote in a note last week. Shares of the company have almost doubled since its IPO debut on Jan. 30.<div class="KonaFilter image-container display-table"><div><div class="image on-image">Google Finance</div></div></div>The study tested the drug in 31 patients with inherited retinal dystrophies (IRDs), a broad group of hereditary disorders affecting the retina.Although gene therapy has been touted as a one-time cure for intractable and expensive-to-treat diseases, it has been dogged by a series of disappointments and safety concerns in its more than 20 years of research.However, investor interest in the field has grown this year, with Bluebird Bio Inc, UniQure NV and Spark all staging successful <a href="http://uk.reuters.com/business/markets/index?symbol=us!comp" title="Full coverage of Nasdaq Composite Index" onclick="Reuters.article.trackInlineLink(29)">Nasdaq</a> debuts.There were no serious adverse events or harmful immune responses observed in the trial, Spark said on Monday.The company's pipeline also carries experimental treatments for other conditions including blood disorders and neurodegenerative diseases.

Spark Therapeutics is soaring after a successful study of its radical new eye drug

Yes, you read that correct. <a href="http://www.businessinsider.in/searchresult.cms?query=Silicon+Valley+">Silicon Valley </a>is planning to have more <a href="http://www.businessinsider.in/searchresult.cms?query=women+employees">women employees onboard</a>. While one might think that it is a move for empowering women in the corporate world; for social media giants like <keyword id="6354616" type="CITY" weightage="20" keywordseo="Twitter">Twitter</keyword> and <keyword id="939877" type="COMPANY" weightage="20" keywordseo="Pinterest">Pinterest</keyword>, this is a move to narrow down the difference between both the genders. 
 
In India, where women are emerging as promising <a href="http://www.businessinsider.in/searchresult.cms?query=entrepreneurs">entrepreneurs</a>, meeting the industry’s requirements, the technology industry’s numbers are still conspicuous. No specific targets have been set by the sector so far. Surprising results came up when a business daily, The Economic Times reached out to India’s 10 most highly valued startups for details on female participation in their tech and non-tech teams. 
 
At <a href="http://www.businessinsider.in/searchresult.cms?query=In-Mobi">In-Mobi</a>, there were just 15% <keyword id="32919" type="UNKNOWN" weightage="20" keywordseo="women-employees">women employees</keyword> in their tech team while at Paytm, the situation is slightly improved with 20% women employees. Startups like <keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword>, Freshdesk, Practo, Quikr and <keyword id="541988" type="COMPANY" weightage="20" keywordseo="SnapDeal">Snapdeal</keyword> declined to share any details while Mu Sigma and Ola didn’t responded to the queries. 
 
The micro-blogging site <a href="http://www.businessinsider.in/searchresult.cms?query=Twitter+">Twitter </a>recently made a public announcement stating its goal to increase the number of its overall women workforce from 34% to 35% and in its tech division too, the firm wants to have 16% women employees from the current 13%. 
 
"(Inclusion) enables companies to solve complex problems and innovate more effectively, which is particularly beneficial for startups, who differentiate themselves through innovation," said Natalie Johnson, partner at Paradigm, a Silicon Valley-based agency working with highly-valued startups such as Airbnb and Pinterest on their diversity initiatives. It's not that startups do not recognise this. 
 
<a href="http://www.businessinsider.in/searchresult.cms?query=Zomato+">Zomato </a>co-founder and CEO Deepinder Goyal said that gender ratios in the finance and tech teams were "very lopsided". Goyal also said that half of all senior management roles at Zomato were held by women. 
 
Indeed, promoting gender diversity in the workforce starts early, said Johnson of Paradigm. "A key way tech companies can promote gender diversity is by mitigating bias in how they attract, recruit, manage, and retain talent," she said. 
 
"Raising individual awareness of bias and implementing structures to reduce bias can enhance efforts to hire a diverse workforce." Some startups have initiated measures to achieve this. At InMobi, all recruitment managers are women. The company is also set to establish HackerSchool, a month-long scholarship and sponsorship program for women software engineers who will be taught by In-Mobi engineers. 
 
However, "startups don't lose their sleep over their gender diversity ratio. It's not their number priority. But they should, because their business depends on it," suggested Geeta Kannan, managing director India of Anita Borg Institute, a non-profit advocating the need for more women in the tech industry. 
 
"For startups, the need of the hour is talent, not gender or any other aspect," said Shachi Irde, executive director of Catalyst India, an organisation advocating more roles for women in business. The diversity agenda is a smaller subset of a more important talent program for startups, she said. 
 
But to attract talent, startups should introspect whether half the population will prefer the fast paced work environments that these firms thrive in, said Kannan of Anita Borg Institute. 
 
To correct this, she said it was important for startups to draft policies like work-from-home arrangements and flexible hours. Change on this front will take time as well as effort, said Abhay Singhal, founder and chief revenue officer at In-Mobi, which in the past year had drawn up a slew of initiatives to ease gender bias in workforce. 
 
Image: thinkstock

You Searched For "ird" and got 5 results

The IRS will start using facial recognition this summer — and you'll have to send off a selfie if you want to pay your taxes online

Isobel Asher Hamilton

The EU gives London Stock Exchange the green light for a $27 billion takeover of data company Refinitiv

Kate Duffy,Reuters

Women’s Day: Pay Parity is a joke. The reality is shocking

Akanksha Jain

Spark Therapeutics is soaring after a successful study of its radical new eye drug

Myles Udland,Reuters

Cheer up ladies! Silicon Valley wants to have more women employees on board

BI India Bureau

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