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Local banks’ clearinghouse reveals hack

by on June 7, 2021 0

(CNS): ACH (Cayman) Limited (ACH), which was created by local banks, has been hacked, according to officials at the Cayman Islands Bankers Association, who said malware was detected on the server Cayman. A statement released by CIBA said it was alerted to the outbreak of malware in the third-party processor on May 21, more...

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Punjab becomes first state to use NFC-based eIDs

by on June 6, 2021 0

The government of Punjab, keeping pace with technology around the world where electronic identity cards (eID) have been introduced in many countries, has also initiated the use of eIDs equipped with Near Field Communication technology ( NFC) for their officers or employees through one of its leading entities – Punjab Mandi Council. Board Chairman...

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CFX Quantum launches its innovative neobank

by on May 31, 2021 0

With advancements overtaking the world of finance such as blockchain technology, there is a need for an innovative neobank to be able to manage people’s financial needs effortlessly. CFX Quantum creates a Neobank, which operates exclusively online, eliminating the need for physical offices. The Neobank domain is a new domain that has the potential...

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UnionBank aims to be fully hosted in the cloud

by on May 29, 2021 0

Amazon Web Services Inc. said Union Bank of the Philippines will migrate its on-premises IT infrastructure to the world’s first cloud by 2022. The migration aims to accelerate the digital transformation of the bank, improve digital banking experiences for clients and strengthen financial inclusion in Philippines by bringing financial services to remote areas of...

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German business leaders remain optimistic about growth and economy despite pandemic, inaugural JP Morgan survey finds

by on May 27, 2021 0

FRANKFURT, Germany – (BUSINESS WIRE) – Undeterred by the supply chain challenges posed by COVID-19, German companies are doubling down on globalization, embracing technology as a way to adapt and planning medium-term ownership transitions, according to the inauguration of JP Morgan Perspectives of business leaders in Germany survey released today. JP Morgan surveyed 238...

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Overview of FinTech regulations – with May 21, 2021

by on May 26, 2021 0

In this regular update, we summarize the regulatory developments related to FinTech for the week ending May 21, 2021. Global BIS Discussion Paper on Digitization of Currency The Bank for International Settlements (BIS) has published a working paper that examines the digitization of currency. The paper discusses key issues and economic implications of digital...

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$ 2 billion crypto scam: Turkish Thodex exchange goes silent, sparks outcry from users

by on April 22, 2021 0

Hundreds of thousands of users of a Turkish cryptocurrency exchange, Thodex, were unable to access their digital assets after the trading platform abruptly halted trading on Wednesday, sparking allegations of fraud and thousands of criminal complaints. Thedox released a statement on its website Thursday saying it would be closed for four to five days...

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Government wants to promote cashless economy to boost mobile payment technology market at 30% growth rate until 2025

by on April 22, 2021 0

Global Mobile Payment Technology Market Report 2021: Growth and Change of COVID-19 to 2030 Business Research Company Global Mobile Payment Technology Market Report 2021: Growth and Change of COVID-19 to 2030 LONDON, GREATER LONDON, United Kingdom, April 22, 2021 /EINPresswire.com/ – Our reports have been revised for market size, forecast and strategies to be...

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New restrictions on the sale and delivery of electronic cigarettes and vaping products | Farella Braun + Martel LLP

by on April 22, 2021 0

The Prevention of Online Sales of Electronic Cigarettes to Children Act significantly and materially changes the way businesses sell and ship electronic cigarettes and tobacco and cannabis vaping products and components. The law was enacted on December 27, 2020 and is an amendment to the Cigarette Trafficking Prevention Act 2009 (PACT). While the PACT...

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Containment strategies encouraged, not mandatory – The Sopris Sun

by on April 21, 2021 0

Regular update from Garfield County Commissioners Meeting: Bureau of Land Management Field Director Larry Sandoval received a maximum of $ 2,000 from Commissioners’ Discretionary Funds to assist with the cleanup of Hubbard Mesa on the Roan Plateau. People littered with debris ranging from candy wrappers to abandoned vehicles there. The commissioners agreed to send...

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Peach Funds plans growth in Africa after funding spherical

by on April 16, 2021 0

Native FinTech firm Peach Funds acquired funding for an undisclosed quantity over the last funding cycle within the firm. The funding spherical, says Peach Funds, was once more led by Umkhathi Wethu Ventures (UW Ventures) in partnership with Allan Grey – with different current traders additionally taking part. Pan-African Enterprise Capital Fund Launch Africa...

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How will the ETECSA cellular pockets work?

by on March 22, 2021 0

ETECSA will quickly activate the cellular pockets, due to the License from the Central Financial institution of CubaThis enables it to supply monetary help providers to assortment or fee institutions within the nationwide territory. In different phrases, the cash within the cellular pockets will be recharged from the cellphone steadiness and playing cards linked...

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PayRem Declares Entry into Liberia’s Ecommerce and Digital Cash Switch Area

by on March 22, 2021 0

Andre Bouassa: “Our give attention to Africa is to unravel among the challenges in an surroundings that we expertise and perceive higher than our opponents. Use expertise to resolve funds between African international locations and markets. We’re centered on Africa within the cash switch ecosystem. ” Headquartered in Raleigh, North Carolina (USA), PayRem Inc,...

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The monetary system presents a manageable threat – BSP – Manila Bulletin

by on March 21, 2021 0

Banks and different monetary establishments supervised by Bangko Sentral ng Pilipinas (BSP), comparable to pawn outlets and digital cash issuers, are uncovered to “low” to “medium” cash laundering threat (BC ), Terrorist Financing (FT) and Proliferation Financing (PF), based mostly on the most recent BSP Sector Threat Evaluation (SRA) report. “The SRA has proven...

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Manitoba proposes modifications to courtroom charges, jury compensation and limitation of actions

by on March 19, 2021 0

“Our authorities continues to modernize Manitoba courts, reap the benefits of expertise, present higher companies and scale back wait occasions for entry,” Friesen mentioned within the press launch. From manitoba Invoice 51 proposes to repeal and exchange the Limitations of Actions Act with simplified and streamlined laws that may impose a base limitation of...

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