Data Breach Defense Strategies For Financial Organizations
The IBM Cost of a Data Breach Report for 2023 reveals some alarming trends. Firstly, the global average cost of a data breach this...
Poorly Deployed Bank Chatbots Can Hamper User Trust – CFPB
The Consumer Financial Protection Bureau- CFPB has gone on to warn that the financial institutions that deploy chatbots poorly will go on to retard...
CBE From Egypt And Jordan Come Together For Fintech Collab
The Central Bank of Egypt has gone on to sign an appendix to the MoU with its Jordanian counterpart. Apparently, the MoU pertains to...
Toughened Stance To Purify Crypto Market-UK Finance Watchdog
On March 8, 2023, Britain's financial watchdog said that stringent rules were needed to purify crypto in order to eliminate conflict of interest, safeguard...
US Banking Watchdogs Signal Fresh Cautioning On Cryptos
In a significant development, Top US banking regulators have gone on to issue a joint statement on warning banks of liquidity risks that are...
Japan To Launch Digital Currency Pilot Project In April
In April 2023, the Bank of Japan intends to start a pilot project for central bank digital currency- CBDT post a successful proof of...
UAE Central Bank Goes For Financial Services Digital Change
The Central Bank of the United Arab Emirates (CBUAE) has initiated the Financial Infrastructure Transformation (FIT) program to push the digital transformation across the...
Digital Pound Showcases Itself As A Prospect In Britain
As per what officials said on February 6, Britain is planning to push for a possible digital pound, which may come into use in...
Sturdy Crypto Regulations To Be Put In Place By The UK
The finance ministry of Britain plans for sturdy regulations for crypto assets after the collapse of the crypto exchange giant FTX in 2022, because...
Digital Euro In The Making With No Challenge To The Banks
According to Fabia Panetta, the ECB Board member, when it comes to the use of the digital version of the euro currency, it is...