news
⚡️United Kingdom🇬🇧: Financial subsectors prepare for DORA implementation Paid Members Public
⚡️United Kingdom🇬🇧: Financial subsectors prepare for DORA implementation The Digital Operational Resilience Act (DORA) has regulated financial institutions in Europe since January this year. Although the UK is no longer part of the EU, entities wishing to operate in the region must comply with these regulations. ➡️ In 2024, 54% of
🏴☠️ Russia🇷🇺: State Duma approves new measures against cybercrime Paid Members Public
🏴☠️ Russia🇷🇺: State Duma approves new measures against cybercrime The new measures focus on client consent and the option to involve a third party to confirm transactions. 💕 A criminal voice database will be created as part of the state’s "Antifraud" information system, managed by the Ministry of Digitalization.
⚡️Virgin Money🇬🇧 and Mastercard team up to enhance credit card app with open banking Paid Members Public
⚡️Virgin Money🇬🇧 and Mastercard team up to enhance credit card app with open banking 6.6 million retail and corporate customers of the British payment platform Virgin Money will be able to manage money in their credit cards and current accounts across multiple banks through the Virgin Money Credit Card
🎉Ukraine🇺🇦: Major banks complete integration of instant transfers through SEP 4.1 Paid Members Public
🎉Ukraine🇺🇦: Major banks complete integration of instant transfers through SEP 4.1 The National Bank of Ukraine expects the integration of instant transfers through the Electronic Payment System (SEP) 4.1 to be completed by mid-2025. ➡️ Processing capacity: In December 2024, there were 11,500 instant payments processed via SEP
👀 United Kingdom🇬🇧: 8 out of 10 companies plan to optimize payments in 2025 Paid Members Public
👀 United Kingdom🇬🇧: 8 out of 10 companies plan to optimize payments in 2025 A study by American Express revealed that 78% of British business owners aim to improve corporate payments, and 39% will do so as part of growth strategies. ▶️ The study, titled «The Amex Trendex: B2B Payments Edition», was
💀 South Korea🇰🇷: sanctions for unregistered crypto exchanges Paid Members Public
💀 South Korea🇰🇷: sanctions for unregistered crypto exchanges The platforms BitMEX, KuCoin, CoinW, Bitunix, and KCEX are under investigation. Authorities are collecting data and analyzing potential sanctions. ➡️ These platforms have offered Korean-language websites, marketing events, and customer support for local investors without complying with the Financial Intelligence Unit (FIU) requirements of
🏝 African fintech Mukuru at its peak: the mobile money boom is at an all-time high Paid Members Public
🏝 African fintech Mukuru at its peak: the mobile money boom is at an all-time high Currently, the Zimbabwean 🇿🇼 company serves 17 million users across Africa, Asia, and Europe, processing between $3.5 to $4 billion USD in annual payments within Africa alone. 💕 Success story: The platform began operations in 2004
⚡️USA 🇺🇸: cryptocurrency platform Ripple registers a trademark for wallets, custodial services, and SaaS Paid Members Public
⚡️USA 🇺🇸: cryptocurrency platform Ripple registers a trademark for wallets, custodial services, and SaaS The trademark called "Ripple Custody" will offer services related to cryptocurrency storage and asset management. ➡️ The downloadable app is expected to come with software that will allow users to store crypto assets, as well as