Financial institutions are witnessing an unprecedented shift in the way they operate. The digital age has transformed the way customers interact with their banks, resulting in a growing demand for faster and more innovative financial services. To achieve greater efficiency, security, and scalability, financial institutions are now turning to cloud technology in record numbers. Cloud technology allows financial institutions to
Deutsche Bank, Germany’s largest financial institution, is seeking regulatory permission to operate a custodial platform to offer cryptocurrency services. The move comes as cryptocurrencies continue to gain momentum in the financial sector, with more major banks and institutions offering related services to their clients. Background Information on Deutsche Bank Deutsche Bank AG was founded in 1870 and is headquartered in
A recent joint initiative between the Bank of England (BoE) and the Bank for International Settlements (BIS) Innovation Hub has explored the potential of central bank digital currencies (CBDCs) to introduce programmability to money. The trial, known as Project Rosalind, found that CBDCs could give central banks and governments numerous new tools they never had before, offering consumers increased convenience,
Vault, a private wealth management platform backed by global venture capital firm Outliers VC, is set to revolutionize investment practices in the UAE through its cutting-edge digital platform. The platform aims to solve the persistent problems faced by clients in the region and foster lasting relationships. Challenges faced by clients in the UAE’s wealth management industry Many clients in the
In today’s rapidly evolving digital environment, wealth and investment firms are struggling to keep up with the ever-changing expectations of their customers while complying with regulations and managing risks. To address these challenges, Unblu and Objectway have formed a strategic partnership that will enable financial institutions to develop successful, effective, and profitable relationships with their clients. Objectway’s omnichannel client lifecycle
Blockchain technology is a decentralized, distributed ledger that allows for secure and transparent record-keeping in a variety of contexts, from financial transactions to supply chains to voting systems. This technology is particularly suited to cases where trust is needed between parties that don’t necessarily know each other or have a pre-existing relationship. Rather than relying on a single central authority,
Every day, the digital world faces new cybersecurity threats and attacks. One of these threats that has recently emerged is the RDStealer, a custom malware that was used in a highly targeted cyber attack against an East Asian IT company. This attack highlights the growing sophistication of modern cyber attacks and the increasing importance of credentials and saved connections. Overview
Blockchain technology has revolutionized the way we think about storing and sharing information, enabling secure, transparent, and decentralized transactions. However, as the number of blockchains and decentralized applications (DApps) grows, so does the challenge of connecting and interoperating between them. This is where ZetaChain comes in, offering a decentralized layer-1 chain that aims to establish secure connections between different chains,
Microsoft Azure AD is a widely-used cloud platform that provides numerous features, including OAuth authentication protocol. It allows users to use their Microsoft credentials to log in to third-party applications. However, researchers at Descope, a startup company, have identified a major misconfiguration in Microsoft Azure AD OAuth applications that poses a significant security risk to businesses that use “Log in
In a world where cryptocurrencies have become a reliable means of transaction and investment, it is essential to have a platform that offers a seamless and user-friendly experience to crypto enthusiasts. That’s where AppleSwap comes in – an all-in-one crypto platform powered by AI technology. In this article, we’ll delve into the exciting features of AppleSwap: its accessibility, security measures,
WeLab Bank, a prominent digital bank in Asia, has recently announced an expansion of its wealth management services with the launch of a new Featured Fund Platform. This move comes after the bank entered the wealth management business last year, pioneering a personalized and intelligent investment experience for tech-savvy customers. Let’s take a closer look at the key features and
SCB Wealth Banking Group has been awarded the Digital Wealth Manager of the Year at the Triple A Digital Awards 2023 at the Four Seasons Hong Kong by The Asset. This prestigious award was presented by The Asset, a renowned Asian business journal. The award recognized SCB’s commitment to enhancing services that seamlessly integrate across various channels. In this article,
