Social engineering is on the rise and poses a formidable threat in the cybersecurity landscape. This evolving form of cyber attack no longer targets just technological vulnerabilities; it skillfully exploits human psychology, leading to a significant increase in cyber incidents. As cybercriminals
PayNow, the new financial product launched by XTM Inc., holds the promise of transforming the financial stability and inclusivity of migrant and temporary workers in the United States. This article delves deep into understanding how PayNow aims to achieve this and why its introduction is a
Canada's RegTech (regulatory technology) sector has shown remarkable progress in the first half of 2024. As the financial industry grapples with evolving regulations, innovative technologies have emerged to assist institutions in maintaining compliance. This article captures the dynamic
In a groundbreaking move to upgrade its credit screening processes, Seven Bank has implemented a time-limited initiative utilizing “7iD” purchase data for personal loan services. This innovation began on October 16, 2024, marking a promising shift towards a more comprehensive and inclusive credit ev
The rise of digital payments is transforming the financial sector by reducing its environmental impact and promoting sustainability. As more businesses and consumers adopt digital payment technologies, the reduction in the use of physical resources like cash and paper is becoming increasingly
In a climate where institutional interest in Bitcoin is intensifying, Tokyo-listed Metaplanet has taken a bold stance with its aggressive acquisition strategy. The firm has significantly ramped up its Bitcoin purchases, particularly in October, with the latest acquisition bringing its total
The surge in cryptocurrency adoption has created a pressing need for secure, compliant storage solutions that cater specifically to financial institutions. Ripple, a leader in the digital finance space, has risen to meet this demand with the launch of Ripple Custody. This novel suite of crypto
Behavox, established in 2014, has rapidly ascended as a pivotal player in the RegTech sector, predominantly catering to the financial industry. The company's innovative use of AI-powered solutions for compliance, security, and data management has gained them a reputation for significantly
TD Bank recently found itself at the epicenter of a monumental regulatory storm, culminating in a staggering $3 billion fine imposed by U.S. authorities for failure to comply with anti-money laundering (AML) regulations. This penalty, unprecedented in its scale, underscores the severe lapses in the
UP Fintech Holding Ltd ADR, known in the stock market by its ticker symbol TIGR, has been on a tumultuous ride over the past year that has caught the attention of many investors. From reaching an alarming low of $3.10 to soaring to an impressive high of $12.42, the stock's performance has been
