The Hong Kong government has recently given the green light for the retail trading of cryptocurrencies, marking a significant moment in the industry. Starting from June 1, this move is expected to have a positive impact on the prices of cryptocurrencies, particularly major tokens like Bitcoin and Ether, as it introduces a new licensing regime
In recent years, the US banking system has been facing a critical juncture with a number of high-profile bank collapses. As a result, consumers are worried about their deposits and whether they will receive them in full. This has led to a fear that US banks at risk could become a global issue, affecting not
The financial crisis storm that has been triggered by the recent collapse of US Silicon Valley Bank has raised concerns about the stability of the banking system and its impact on the global economy. The collapse of the bank has been followed by that of Signature bank, which has further heightened market concerns. The US
Central Bank Digital Currency (CBDC) is a new form of money that exists only in digital form, issued by a state’s central bank. It is different from virtual currencies and cryptocurrencies since it is backed by a state’s authority. Most central banks worldwide are now in various stages of their evaluation of launching their national
Over the years, the world of payments has undergone a significant evolution, moving from the traditional paper cash and coins to digital transactions. As a result, the financial industry has had to keep up with the pace of change to meet the needs of its customers. However, despite the emergence of digital and mobile wallets,
In the recent years, digital transformation, cloud migration, IT-OT convergence and distributed had become the essential needs in every organisation. While these transformation ensure resiliency, it brings about challenges in data management as it causes rapid increase in the number of data being generated. Significantly, in order to deal with this increasing amount of data,
When enterprises enable IT-OT convergence, they embarked into data-rich sectors, making them to become critically in need of having the most effective technology to utilise and transform the data into useful insights. For a certain simple data analysing process, hiring data scientists and even machine learning engineer is unfortunately a cost consuming action. No-code AI
Today, online transaction had become a normalisation in our daily life. From buying the littlest product to even the most expensive one, everything can be done through our smartphone, all for the existence of online transaction. Significantly, all we need to do is to download the related apps. Unfortunately, as we becoming accustomed to online
Phishing attacks target the financial industry again, the case is in an accelerated rise, as more mobile banking applications are developed. More and more banking customers report banking accounts being losing money and malicious banking transfers that have no sms or one time password (OTP) for authentication and verification, either via the malicious app or
Transition to the new PCI DSS v4.0 is in everyone’s mind right now. The PCI Security Standards Council (PCI SSC) issued version 4.0 of the PCI Data Security Standard (PCI DSS) on March 31, 2022. The PCI DSS is a global standard that establishes a baseline of technical and operational standards for protecting account data.