Contactless Payments

MAS and BdF Drive PQC Initiatives to Secure Financial Communications
Regulatory & Compliance MAS and BdF Drive PQC Initiatives to Secure Financial Communications

The imminent threat quantum computing poses to existing cryptographic methods has prompted the Monetary Authority of Singapore (MAS) and the Banque de France (BdF) to join forces in a pioneering project aimed at safeguarding financial communications and data. By leveraging post-quantum cryptography

December 6, 2024
Treasury Warned of Fintech Risks Yet Synapse Collapse Evades Regulation
Regulatory & Compliance Treasury Warned of Fintech Risks Yet Synapse Collapse Evades Regulation

The recent collapse of Synapse Financial Technologies has sent shockwaves through the fintech industry, raising urgent questions about the adequacy of current financial regulations. Despite clear warnings about potential risks from the Treasury Department, regulatory frameworks have failed to keep

December 6, 2024
Digital Wallets Lead Global Payment Trends Amid Fintech Evolution
Digital Banking & Payments Digital Wallets Lead Global Payment Trends Amid Fintech Evolution

The global payments industry is experiencing rapid transformation driven by technological advancements and evolving consumer preferences. Despite economic uncertainties, the sector continues to show resilience and growth, with digital wallets, credit cards, debit cards, and emerging payment methods

December 6, 2024
Digital Wallets Lead Global Payment Trends Amid Fintech Evolution
Digital Banking & Payments Digital Wallets Lead Global Payment Trends Amid Fintech Evolution

The global payments industry is experiencing rapid transformation driven by technological advancements and evolving consumer preferences. Despite economic uncertainties, the sector continues to show resilience and growth, with digital wallets, credit cards, debit cards, and emerging payment methods

December 6, 2024
PowerPay Raises $60M to Expand, KeyBank Facilitates Bond Issuance
Lending & Investment PowerPay Raises $60M to Expand, KeyBank Facilitates Bond Issuance

PowerPay, a digital lender headquartered in the United States, has reached a significant financial milestone by successfully raising $60 million through an investment-grade corporate bond issuance. This accomplishment, with KeyBank acting as the exclusive private placement agent, marks an important

December 6, 2024
How Can AI Revolutionize Anti-Money Laundering Systems?
Regulatory & Compliance How Can AI Revolutionize Anti-Money Laundering Systems?

Money laundering is a significant global problem, undermining financial stability and security. The annual volume of laundered money is staggering, estimated between $2.17 trillion and $3.61 trillion, representing 3-5% of the world's GDP. To combat this, financial institutions employ

December 6, 2024
How Can AI Revolutionize Anti-Money Laundering Systems?
Regulatory & Compliance How Can AI Revolutionize Anti-Money Laundering Systems?

Money laundering is a significant global problem, undermining financial stability and security. The annual volume of laundered money is staggering, estimated between $2.17 trillion and $3.61 trillion, representing 3-5% of the world's GDP. To combat this, financial institutions employ

December 6, 2024
What Will Lean Technologies' New Funding Mean for Fintech Growth?
Lending & Investment What Will Lean Technologies' New Funding Mean for Fintech Growth?

Lean Technologies, a Saudi Arabian fintech infrastructure platform, has recently secured $67.5 million in a Series B funding round. The round was led by General Catalyst, an esteemed venture capital firm, with significant contributions from Arbor Ventures, Bain Capital Ventures, and Duquesne Family

December 6, 2024
How Is Blockchain Transforming the Future of Fintech?
Blockchain & Cryptocurrency How Is Blockchain Transforming the Future of Fintech?

Imagine a world where financial transactions are fast, secure, transparent, and free from the inefficiencies that plague traditional systems. This is not merely a futuristic vision but an emerging reality, thanks to blockchain technology's integration into fintech. By leveraging

December 6, 2024
Top 5 Scam Checkers to Safeguard Your Online Experience from Fraud
Regulatory & Compliance Top 5 Scam Checkers to Safeguard Your Online Experience from Fraud

Online fraud has become an ever-present threat in our digitally connected world, requiring constant vigilance to avoid falling victim to increasingly sophisticated scams. Cybercriminals continuously innovate their tactics, devising new strategies to steal sensitive information or siphon money from

December 5, 2024
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