Bank of America has announced a significant organizational restructuring by folding its fintech investment banking team into its larger technology practice. This move comes as a reflection of the growing convergence between financial services and software technology in the industry. Approximately
Bitcoin's recent price surge has left many in the cryptocurrency community stunned. The digital currency skyrocketed to $64,173, leaving short traders—those betting against Bitcoin—particularly hard-hit. The swift increase in Bitcoin's value triggered widespread margin calls and forced liq
In today's fast-paced digital age, compliance with communication regulations is more important than ever. For firms across various industries, maintaining a comprehensive record of digital communications is not just a regulatory requirement but a business imperative. The complexities of
Invoice fraud has become a critical issue plaguing businesses in the United Kingdom. This deceitful practice, which involves manipulating invoices to siphon off funds, is causing significant financial losses and operational disruptions. As fraudsters employ increasingly sophisticated techniques,
The recent $234 million hack on WazirX, a prominent cryptocurrency exchange, has sent shockwaves through the crypto industry. This security breach has initiated extensive investigations involving multiple government agencies, aiming to uncover the details behind the illicit transfer of crypto
The second quarter of 2024 has provided key insights into the ever-evolving Regulatory Technology (RegTech) sector. While the overall trend in funding has shown steady growth, a significant decline in deal activity reveals the cautious stance investors are taking in this dynamic market. As
The Nordic region, known for its robust technological infrastructure and digital innovation, now finds itself facing an escalating wave of cybersecurity threats. The recently released Nordic Cyber Resilience Report 2024 reveals a troubling vulnerability landscape in Finland, Norway, and Sweden,
The Middle East is on the cusp of a financial revolution, thanks to the strategic partnership between UK-based technology company Ondato and Middle East-based Softrobotics. This collaboration aims to enhance the digital payment infrastructure and identity verification processes for financial
Africa's Fintech Surge: Overcoming Regulatory Hurdles to Thrive Africa's fintech industry stands on the precipice of a revolutionary transformation, poised to potentially generate around $230 billion in financial sector revenue by 2025. This optimistic projection, outlined in a McKinsey
In the rapidly evolving financial technology (FinTech) landscape, the importance of advanced anti-money laundering (AML) systems has never been more critical. The surge in digital transaction volumes continues to pose significant challenges for financial institutions globally. With an astounding
