Qatar Islamic Bank (QIB) has taken a pioneering step by signing a Memorandum of Understanding (MoU) with PayLater, a leading Qatari fintech company that specializes in Buy Now, Pay Later (BNPL) solutions, to bring Shari’a-compliant BNPL services to the Qatari market. This collaboration aims to provide consumers with flexible financing options while promoting financial inclusion and supporting the growth of
In an ambitious move to redefine payment solutions, Ibanera, a leading digital banking platform, has teamed up with global financial services provider FIS to introduce a comprehensive prepaid card program targeting both businesses and individual consumers in the United States. Utilizing Visa’s extensive global network, the new prepaid card program enables secure payments at any location where Visa is accepted.
Deus X Pay has recently relaunched with a renewed focus on streamlining and enhancing international payment processes. This strategic move aims to address the growing demand for seamless cross-border transactions in the global market. The relaunch signifies a significant milestone in the financial technology landscape, reflecting the industry’s ongoing digital transformation. The Need for Efficient International Payments Addressing Global Commerce
The landscape of financial markets is set to undergo a significant transformation with the advent of blockchain technology, and 21X is poised to lead this revolution. The Frankfurt-based fintech company recently secured a license from Germany’s financial supervisory authority, BaFin, to operate a blockchain-based trading and settlement system. This pivotal development not only enables 21X to function as a fully
A significant step towards combating cybercrime was taken when police disrupted a multimillion-dollar, pan-European phishing operation after making several arrests in Belgium and the Netherlands, as reported by Europol. The unraveling of this extensive phishing ring highlights the persistent issue of cybercriminal activities and the collaborative efforts necessary to combat them effectively. The operation’s origins trace back to 2022, when
The efficacy of public reprimands as a deterrent against data breaches within UK public authorities has been called into question following a two-year trial led by the Information Commissioner’s Office (ICO). This trial aimed to promote data protection compliance proactively in the public sector. Throughout the trial, the ICO issued and publicized approximately 60 reprimands to various public bodies. These
In the ever-evolving landscape of cybersecurity, staying informed about the latest threats and defense tactics is crucial. This weekly recap provides an in-depth look at the most significant cybersecurity developments, highlighting major threats, key security news, and expert insights into mitigating cyber risks. From sophisticated espionage operations to advanced malware and effective law enforcement actions, this article covers the dynamic
In a significant move for the blockchain industry, analytics platform Nansen has announced a collaboration with Galxe to provide comprehensive analytics and insights for the Gravity blockchain. Developed by Galxe, Gravity is a high-performance blockchain that serves as the backbone of Galxe’s on-chain distribution platform. The Gravity alpha mainnet, launched this June, already caters to the needs of around 30
As companies ramp up their cybersecurity defenses, there is an emerging trend that hackers are shifting their focus to bigger targets with hopes for bigger payouts. With improved security measures in place, smaller organizations are becoming less tempting for cybercriminals, who now set their sights on multi-million-dollar enterprises with large revenue streams. This shift towards larger targets reveals a dark
In a significant breach that jeopardized a widely-used artificial intelligence tool, the Ultralytics AI library was compromised earlier this month, allowing attackers to infiltrate the system and deliver a cryptocurrency mining payload via the PyPI package repository. This incident, which came to light on December 4, exposed a critical vulnerability in the library’s build environment, exploited through a GitHub Actions
In a significant stride for Shiba Inu’s Layer-2 blockchain, Shibarium has achieved remarkable milestones that reflect its growing clout in the cryptocurrency realm. The network has impressively processed over 600 million transactions and has surpassed the 2 million mark for unique wallets, underscoring a surge in user activity and adoption within the decentralized finance (DeFi) ecosystem. According to recent data,
As the cryptocurrency landscape continues to evolve, meme coins, particularly those themed around dogs, have gained substantial attention and traction among investors and enthusiasts. What started as a joke with the inception of Dogecoin has now turned into a lucrative and fascinating segment of the cryptocurrency market. With 2025 on the horizon, industry experts are forecasting significant potential growth for
