Global

October 3, 2024 @ 10:54 pm By Omar Faridi  |  

Crypto.com, which claims to be trusted by over 100 million customers worldwide and the service provider focused on ensuring regulatory compliance, security and privacy, announced that it has set a milestone by reportedly becoming one of the “first” cryptocurrency platforms to upgrade its Payment Card… Read More

October 3, 2024 @ 10:51 pm By Omar Faridi  |  

Thunes has expanded its collaboration with Siam Commercial Bank (SCB), Thailand’s premier digital bank, a longstanding Member of the Thunes’ Direct Global Network. This alliance aims to enhance SCB’s international remittance services via the SCB EASY app, giving its customers access to dependable transfers to 26… Read More

October 3, 2024 @ 7:57 pm By Omar Faridi  |  

Xero, the global small business platform, has reported a significant 81% increase in the cost of late payments to Kiwi small businesses, surging from about $456 million in 2021 to $827 million in 2023. This data is part of the Xero Small Business Insights program,… Read More

October 3, 2024 @ 12:45 pm By JD Alois  |  

The European Union has a series of “Commissioners” who are responsible for crafting proposals for EU legislation while implementing the policies of the European Parliament and the EU Council. Each Commissioner is designated a portfolio of responsibilities. Last month, for the first time, the EU… Read More

October 3, 2024 @ 11:10 am By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a “one-stop shop” for digital financial services that helps members borrow, save, spend, invest and protect their money, and PrimaryBid Technologies Inc., a capital markets fintech firm, announced the launch of DSP2.0, a Directed Share Platform (DSP) that offers a… Read More

October 3, 2024 @ 9:11 am By JD Alois  |  

Swift has announced that central and commercial banks may use the Swift network to carry out trial transactions of digital currencies and digital assets. The project kicks off in 2025. The digitization of assets has been ongoing for years. Digital assets can take many forms,… Read More

October 3, 2024 @ 6:28 am By Omar Faridi  |  

Meta (NASDAQ:META) and NatWest are expanding an information sharing partnership to help protect people against fraud. The Fraud Intelligence Reciprocal Exchange (FIRE) is described in an update as a threat intelligence sharing program for financial institutions, enabling banking service providers to share intelligence with Meta… Read More

October 3, 2024 @ 6:24 am By Omar Faridi  |  

CertiK has released their latest Hack3d: The Web3 Security Quarterly Report for Q3 2024. CertiK notes in a blog post that their Hack3d: The Web3 Security Report for Q3 2024 aims to serve as an essential resource and record of statistics for understanding security challenges… Read More

October 3, 2024 @ 6:23 am By Omar Faridi  |  

Coin Metrics has released a report entitled, The Crypto Universe Through the Lens of datonomy. Tanay Ved and Matías Andrade from Coin Metrics noted that the crypto universe has expanded from a single asset in 2009 to “a vast ecosystem of 4 asset classes, 14… Read More

October 3, 2024 @ 6:19 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, has unveiled “Apple from Klarna”, a storefront in the Klarna app and Klarna.com where customers are reportedly able to purchase Apple products via its flexible payment options. An official Apple (NASDAQ:AAPL) reseller, Klarna also introduces a… Read More

October 3, 2024 @ 6:15 am By Omar Faridi  |  

Feedzai, a provider of risk management and fraud prevention solutions, and PwC, a global consulting firm, have joined forces to establish a Center of Excellence (CoE) dedicated to fighting financial crime. This partnership enhances the delivery of solutions to financial institutions, enabling them to protect… Read More

October 3, 2024 @ 6:12 am By Omar Faridi  |  

Taurus, which claims to be a full-stack digital asset infrastructure platform covering issuance, custody, and trading, and Chainlink Labs, a developer of Chainlink—the infrastructure for the tokenized asset economy— announced a collaboration to enable the adoption of tokenized assets by financial institutions. Taurus and Chainlink… Read More

October 3, 2024 @ 3:37 am By Omar Faridi  |  

Germany based companies are reportedly relying increasingly on generative AI as a performance driver. This, according to a research study shared by KPMG. The results of the KPMG study “Performance Improvement Strategy” highlight significant adoption of AI across businesses. More intense competition, difficult financing conditions… Read More

October 2, 2024 @ 7:50 pm By Omar Faridi  |  

Nearly four-fifths (77%) of organizations expect their cyber budget to increase over the coming year as organizations cite unpreparedness to an ever-expanding surface of cyber vulnerabilities, according to PwC’s 2025 Global Digital Trust Insights survey. The survey, which obtained key insigths from 4,042 business and… Read More

October 2, 2024 @ 7:48 pm By Omar Faridi  |  

Jon Purther, Director of Research at Payments Canada notes that a recent study from Payments Canada has revealed that one in five Canadian businesses experienced payment fraud in the past six months. Jon Purther of Payments Canada said that this is despite 63% of businesses… Read More

October 2, 2024 @ 7:17 pm By Omar Faridi  |  

Experian, the data and technology company, announced the completion of its A$820 million acquisition of consumer and commercial credit bureau, illion, in Australia and New Zealand. The acquisition and integration of illion’s 500 strong team, data, software and intellectual property into Experian will create a… Read More

October 2, 2024 @ 3:06 pm By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, has appointed Denise Pagliarulo, a former AXIS Capital finance veteran and Deloitte alumna, to lead its finance team. According to the update from Insurtech Cowbell, Denise will be responsible for… Read More

October 2, 2024 @ 2:59 pm By Omar Faridi  |  

The World Economic Forum and GovTech Campus Deutschland opened the Global Government Technology Centre (GGTC) in Berlin recently, marking a key milestone for the Centre for the Fourth Industrial Revolution (C4IR) Network. The GGTC is the C4IR Centre focused on supporting GovTech solutions to accelerate… Read More

October 2, 2024 @ 2:52 pm By JD Alois  |  

Digital Asset, Euroclear, and The World Gold Council have completed a successful pilot of tokenizing gold, Eurobonds and gilt, according to a release. The test was completed with the assistance of big law firm Clifford Chance. Others supporting the project include investors, banks, custodians, and… Read More

October 2, 2024 @ 12:02 pm By Omar Faridi  |  

Binance reveals that it has been incorporated into Argentina’s Virtual Asset Service Providers Registry by the country’s National Securities Commission (CNV), marking the digital asset exchange’s 20th regulatory milestone internationally and expanding its suite of crypto and blockchain / Web3 services to Argentina-based consumers. This… Read More