Vietnam is on a mission to foster a digital society by 2030, aligning with SAVIS – its digital powerhouse – and Konsentus, a renowned authority in open banking, to shake up its financial landscape. This partnership signals the onset of a transformative period for Vietnam, with open banking at its heart. Through this evolution, the anticipated changes are profound, promising
The Middle East, notably the United Arab Emirates, is on the brink of a substantial wealth shift among its high-net-worth populace. An anticipated AED 3.67 trillion is set to change hands, prompting financial institutions to devise strategies to handle this significant transition effectively. This impending wealth transfer is not only a momentous event for the beneficiaries but also represents a
TIFIN stands out in the wealth management industry, leveraging artificial intelligence to transform the way investors manage their finances. Its unique approach has not gone unnoticed, as evidenced by the impressive $109 million secured in its Series D funding. This substantial investment underscores the confidence that the market has in TIFIN’s innovative strategies and its prospects for reshaping the investment
Diving into the world of Decentralized Finance (DeFi) can be overwhelming, with a vast array of protocols and blockchains to navigate. This complexity can intimidate even the keenest crypto investors, given the sharp learning curve associated with mastering various DeFi strategies. Velvet Capital is set to change this by offering an asset management platform that simplifies DeFi investment. The platform’s
JetBrains, renowned for its expert software development tools, has made a significant update to their continuous integration server, TeamCity. With software security threats being a constant concern, JetBrains’ recent launch of update 2024.03 marks an intensive effort to reinforce security measures. This major update has resolved a notable number of security issues, totaling 26. In order to protect customers still
Wealth management is a crucial aspect of financial stability and growth, not only in material terms but also as an embodiment of religious adherence for those following Islamic faith. Maybank Islamic Berhad has positioned itself as a pioneering institution by aligning its services with the digital age, providing Shariah-compliant solutions that resonate with the needs of today’s Muslim community. Embracing
Recently, the crypto community faced concerns as Polygon’s zkEVM, integral to Ethereum’s scaling efforts, suffered a major outage. This event occurred due to a malfunction in the blockchain sequencer, which orders transactions prior to their recording on Ethereum. This hitch halted the zkEVM, renowned for its ability to expedite transaction processing and cut costs, for upwards of 10 hours. Although
Laser Digital, the digital asset-focused arm of Japan’s prestigious financial services group Nomura, has taken a notable leap into the decentralized finance (DeFi) arena with the unveiling of the Laser Digital Polygon Adoption Fund. This innovative fund represents a strategic move to bridge the gap between the burgeoning DeFi sector and institutional investors—the very clientele for which Nomura has historically
In a remarkable instance of fraud, authorities in the Haeundae District of Busan, South Korea, have uncovered a scam involving cryptocurrency that has cost a significant $4.1 million. The group behind the scheme, primarily young adults in their 20s and 30s, targeted an older investor, luring him with the allure of incredibly high returns on his investment. However, these promised
At Pwn2Own Vancouver 2024, a renowned cybersecurity competition, the prowess of the hacking community was on full display. Day one ended with an impressive discovery of 19 zero-day vulnerabilities across familiar software like Adobe Reader and systems such as Oracle VM, underlining the event’s importance in revealing weaknesses in popular tech. In a particularly skillful exploit, Microsoft SharePoint was breached,
The recent cyber-attack on NHS Dumfries and Galloway marked a chilling escalation in the realm of digital warfare. A notorious ransomware group, INC Ransom, has targeted the trust’s systems, leading to the unauthorized publication of clinical data. This severe violation of digital security exhibits the lengths to which cybercriminals will go to exploit vulnerabilities in the health sector. Sensitive patient
Amid rising inflation and currency devaluation, Argentines are increasingly turning to Bitcoin over the traditional safe haven, the U.S. dollar. With the global economy’s uncertainties, Bitcoin’s lack of central oversight and potential for appreciation make it a compelling alternative. This shift reflects a broader trend influenced by economic integration and technological advancements in finance. President Javier Milei’s policies have somewhat
