Cybersecurity threats targeting small and mid-sized businesses (SMBs) have been on the rise, with a notable increase in attacks perpetrated by a notorious threat actor known as CosmicBeetle. SMBs are particularly vulnerable to these attacks due to their typically weaker security measures and lack of comprehensive cybersecurity awareness. This vulnerability makes them attractive targets for cybercriminals. Unfortunately, many SMBs fail
FE fundinfo, a prominent financial data company, has acquired AdviserAsset, a company specializing in due diligence and product selection tools. This acquisition marks a significant expansion for FE fundinfo, particularly benefiting UK financial advisers who are navigating increased client demands and regulatory obligations stemming from the Consumer Duty regulation. The integration of AdviserAsset into FE fundinfo’s suite will enhance their
Arta Finance, a digital wealth management platform co-founded by former Google executives, has recently secured a strategic investment from EDBI, the investment arm of Singapore’s Economic Development Board. This milestone investment aims to support Arta Finance’s mission to democratize access to advanced financial tools and opportunities usually reserved for the ultra-wealthy. The platform leverages artificial intelligence and cutting-edge technology to
Plume Network, a forward-thinking blockchain platform specializing in real-world assets (RWAs), has unveiled its latest initiative, a tokenized "Mineral Vault." This venture comes on the heels of growing investor interest in high-yield private assets, specifically in the extraction of natural resources such as gold, silver, coal, crude oil, and natural gas in the United States. The launch of the Mineral
Investment planning is a critical aspect of personal finance that affects the financial future and stability of individuals. Unlike many generic solutions that exist in the market today, personalized investment planning is increasingly being seen as a necessity rather than a luxury. A one-size-fits-all approach often lacks the flexibility to address the diverse needs of individual investors. Personalization in investment
In the rapidly evolving cybersecurity landscape, traditional methods of threat detection and response are becoming obsolete in the face of AI-driven threats. Cybersecurity professionals must now adopt innovative approaches that combine the strengths of both human intuition and AI technology. The New Face of Cyber Threats AI-Driven Cyber Attacks AI is transforming industries, and cybercrime is no exception. Threat actors
The partnership between Judo Bank and Synpulse exemplifies how strategic collaboration can effectively transform core banking operations. Amid an era where technological advancements and operational flexibility are paramount, this alliance aimed to enhance Judo Bank’s capability to introduce new products efficiently and provide superior customer service. The collaboration was not merely about technological upgrades but also involved comprehensive planning, technical
In an era where cyber threats are constantly evolving, the need for robust and adaptive cybersecurity measures has never been more critical. Organizations worldwide are recognizing the importance of adopting comprehensive frameworks to safeguard their digital assets. Two of the most prominent frameworks that address this need are the National Institute of Standards and Technology’s Cybersecurity Framework (NIST CSF) and
In Q2 2024, Latin America’s FinTech sector experienced a notable contraction in funding and investment activity. This trend reflects a broader shift within the global financial technology sector, with a reduction in both the number and scale of deals. Despite these challenges, strategic investments and the evolving landscape indicate a potential for significant transformation and growth. The Downturn in Funding
The recent cyber-attack on Slim CD, a prominent electronic payment gateway, has led to the exposure of sensitive payment information of 1.7 million customers. This incident highlights the ever-growing threats facing the financial services industry and underscores the urgent need for reinforced cybersecurity measures. Slim CD, which facilitates electronic transactions for thousands of merchants across the United States and Canada,
The implementation of Avaloq’s cutting-edge digital asset platform at Zürcher Kantonalbank (ZKB), one of Switzerland’s leading banking institutions, marks a significant step towards embracing digital innovation in the financial sector. In collaboration with Fireblocks, this development is not just a response to the increasing market demand for trading and securing digital assets; it also underscores the broader trend of traditional
In an effort to bridge the advice gap and bolster its digital advisory services, Quilter has acquired the digital investment app NuWealth, formerly known as Wombat Invest. Quilter, a leading wealth management firm, sees this acquisition as a key advancement in serving novice investors and meeting the growing demand for digital engagement. NuWealth provides a diverse range of ISAs, general
