Saudi Payments teams with IBM, Mastercard to launch instant payment system
Saudi Arabia’s only financial payments company Saudi Payments (SP) has introduced ‘sarie’ – an instant payments system – in collaboration with IBM and Mastercard.
US eyes greater cyber influence with new Cyber Diplomacy Act bill
The US House of Representatives has passed a bill that would create a cyber diplomacy office at the US State Department and boost US influence in global cyberspace.
FCA to introduce ‘regulatory nursery’ to boost FinTech oversight
The Financial Conduct Authority (FCA) has revealed it will launch a ‘regulatory nursery’ for new FinTech companies in autumn of this year.
IntellectEU launches AI platform to bolster wealth management personalisation
Belgian IT company IntellectEU has introduced VELMA – an AI platform that allows financial advisors to offer ‘hyper-personalisation’ in the wealth management sector.
US House of Representatives approves cannabis banking bill
The US House of Representatives passed a much-awaited SAFE bill aimed at easing financial restrictions placed on the cannabis industry.
The SAFE (Secure and Fair...
Why SMEs need to worry about the threat of cyberattacks
As the world treads towards an increasingly digitised ecosystem, cyber threats and online fraud is not uncommon and no one is immune to them but SMEs may not be aware of the devastating consequences of a cyberattack, according to KYND.
FICO survey highlights evolving identity theft challenges in the online age
A survey by data analytics company FICO has found up to 4% of UK consumers believe their identity has been stolen online.
Santander IT infrastructure cloud migration grows as digital move accelerates
Banco Santander claims its digital transformation is ‘ahead of plan’ after it revealed more than 60% of its global IT infrastructure has already migrated to the cloud.
ESMA report underlines need to bolster EMIR data quality
A European Securities and Markets Authority (ESMA) report has found improvements are needed to improve European Markets Infrastructure Regulations (EMIR) data quality.
MAS penalises Singaporean bank branch S$1m for fraud, terrorism failures
The Monetary Authority of Singapore (MAS) has imposed a penalty of S$1m on a Singapore-based bank branch for not complying with its anti-money laundering and terrorism financing acts.
