Bank of France Head Says Tough Regulations Make EU Lenders Robust
The head of the central bank of France said that strict measures to regulate the processes taking place in the banking sector create an advantageous position for creditors.
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Visa Designed CBDC-Based Finance Platform for Farmers
Identifying new use cases for Brazil’s central bank digital currency (CBDC), Visa created a programmable finance platform for SMEs, particularly farmers, using tokenized farm contracts to access global capital markets
Traditional Islamic Donations Now Accepted Via SoftPOS in Malaysia
Malaysian Zakat collection centre has begun piloting a SoftPOS solution that enables charity employees to accept contactless donations on their Android NFC smartphones
Estonia Shuts Down Hundreds Local Crypto Firms Under New Legislation
About 400 virtual asset service providers have either lost their licences or voluntarily shut down in Estonia after the government enhanced TFP and AML laws with stricter rules for the crypto industry players
Using Firewalls And Intrusion Detection Systems With Your Financial Institution’s Website Security Protocols
As more and more financial transactions occur online, financial institutions must take the necessary steps to protect their website. In this blog post, we will explore the importance of firewalls and IDS with your financial institution’s website security protocols. We will discuss the benefits of these security measures, different types of firewalls and IDS, and […]
UK Greenlights $7.3 Billion Merger Between Satellite Rivals Viasat and Inmarsat
The UK Competition and Markets Authority (CMA) has officially approved the proposed merger of Viasat and Inmarsat worth $7.3 billion.
Sam Bankman-Fried Wants His Case Thrown Out of Court
The lawyers of FTX founder Sam Bankman-Fried last Monday, May 8, filed petitions to dismiss the charges brought against him by the US government, of involvement in fraud.
Amazon Pays Customers for Pickup to Cut Delivery Costs
Amazon offers its customers a reward of $ 10 for the pickup of purchased goods.
Spotify Takes Down AI-Generated Music
Tens of thousands of songs created with the help of the AI music startup Boomy have been removed from the music streaming platform Spotify
Stripe Partners WhatsApp for In-Chat Payments in Singapore
Stripe and WhatsApp launch a feature that allows Singapore businesses to accept payments directly in WhatsApp chats
LinkedIn Cuts 700 Jobs and Closes China App
LinkedIn has cut 716 jobs, taking the baton of layoffs among large technology companies.
Malaysia and Indonesia Link Cross-Border QR Payment Systems
The Indonesia-Malaysia cross-border QR code payment linkage launches to make instant retail payments, expand markets for local businesses, and facilitate increased settlements in local currency
Zimbabwe Unveils Gold-Backed CBDC
Zimbabwe has presented a digital currency that is backed by gold.
JPMorgan to Pay Frank Founder’s Legal Fees
J.P. Morgan Chase will pay the legal costs of the disgraced founder of the fintech company with whom it is suing.
Ecobank Kenya Rolls Out Fingo Africa Financial App for Local Youth
The Fingo Africa app aims to enhance financial inclusion for young people both in Kenya and across the wider African landscape Part of the pan-African banking Group, Ecobank Kenya, launched the Fingo Africa app to enable African youth open bank accounts with their mobile phones. Ecobank has developed the touth-focused app in close collaboration with a […]
Jack Ma-Backed Ant Weighs Introduces Investor in HK Bank Unit
The media, citing informed sources, report that Ant Group Co. is currently exploring the possibility of selling a stake in its virtual banking division in Hong Kong.
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