Banking & Finance

Study reveals billions in illegal cybercrime profits laundered each year

Bromium, Inc., the pioneer and leader in application isolation using virtualisation-based security, has announced the findings of an independent academic study into the macro economics of cybercrime and how cybercriminals launder and ‘cash out’ the profits of criminal endeavours. The findings are part of a larger nine-month study titled, Into the Web of Profit, sponsored […]

Mobilum enables digital currency owners to pay anywhere at any time

Mobilum is revolutionising the payment options for digital currency by enabling currency owners to spend their assets immediately and in real-time. Mobilum has created the first platform that will allow digital currency owners the ability to utilise their assets anywhere, at any time, using any payment card. With Mobilum, digital currency owners are able to […]

ABN AMRO and Dutch authorities join forces to fight helpdesk scams

ABN AMRO has joined forces with the Dutch authorities and 11 private parties to combat helpdesk scams. The parties involved have signed a declaration of intent, in which each party agrees to contribute its own expertise toward finding a solution for this form of crime. Helpdesk scams occur when a victim receives a call, generally […]

The Bank of Israel clarifies cyber risk management requirements

In recent years, the number of cyber incidents taking place at financial institutions in Israel and abroad has increased. These incidents generally cause tremendous damage and sophisticated innovative attack methods are used which sometimes come from external sources, including those in the banking supply chain. Therefore, the banking corporation is required to take necessary action […]

Entersekt launches digital payments enablement product

Entersekt, an innovator in mobile-first FinTech solutions, this week launched Connekt, a digital commerce enablement product. The Company, known for its mobile app security and authentication technology, is offering Connekt to financial services providers to help them adapt to changing market conditions. Tech giants and a host of start-ups have come to dominate digital payments, […]

Wirecard digitalises banking services for ReiseBank’s bankomo app

Wirecard, the digital financial technology specialist, is expanding its collaboration with ReiseBank, the market leader in the field of travel money in Germany. The partners launched the mobile banking app bankomo on the market in 2017. Now, they are adding to this by enabling users to top up their smartphone account with cash at retail […]

Liquidity.Network set to bring blockchain payments to the masses

Liquidity.Network is set to launch a new scalable off-chain payment system which allows Ethereum users to make payments without costly transaction fees. By utilising payment hubs, Liquidity.Network allows multiple users to send cost efficient Ethereum micropayments for the very first time. The Liquidity team will also be launching a mobile-friendly app, which will make it […]

Lifecell Ventures launched money transfer via its app, BiP

Lifecell Ventures, introduces a new era in money transfers via its IP-based communication application BiP, which also allows individual or group instant messaging, voice and video calls, as well as location sharing and gaming features. BiP, as a digital communication and life platform, now allows its users to transfer money as quickly and easily as […]

Over 175 million Europeans ready to pay with wearable devices

One quarter (24%) of Europeans expect to start using ‘tap and go’ contactless payments with a smartwatch, bracelet, keyring or other forms of wearable payments, according to new figures from Mastercard. Contactless spend on Mastercard and Maestro grew by 145% in the last year and the huge success of contactless has seen many Europeans willing […]

HIVE Blockchain acquire Kolos Norway AS to build major data centre

HIVE Blockchain Technologies Ltd. (the ‘Company’ or ‘HIVE’) and Kolos Norway AS (‘Kolos’) have announced that they have entered into a series of agreements (the ‘Agreements’) pursuant to which HIVE has agreed to acquire all of the issued and outstanding shares of Kolos through the acquisition of another Norwegian entity for total consideration of approximately […]