On April 26, during routine maintenance on the UPS system of its Kyiv data center, De Novo, a prominent Ukrainian cloud provider, experienced an unexpected power outage. This incident stood out, highlighting vulnerabilities within data centers. The interruption, lasting 14 minutes from 8:03 am to 8:17 am local time, was caused by an unintended disruption in the power switching systems,
Equals Money and Railsr have announced a significant merger, forming one of Europe’s largest embedded finance platforms. The merger, supported by a consortium that includes TowerBrook Capital Partners, J.C. Flowers & Co, and Lingotto Investment Management, seeks to merge their strengths to offer enhanced embedded finance solutions to the market. This move aligns with a growing trend where non-financial companies
Payment processors are rapidly evolving from mere transaction handlers to comprehensive service platforms for businesses, particularly small and medium-sized enterprises (SMBs) in Europe. This transformation is driven by increasing market demands and the need for processors to stand out in a competitive landscape. Companies like Froda exemplify this shift by raising funds to expand embedded financing options, offering SMBs tools
The ever-evolving world of financial trading has seen significant strides as companies innovate to meet the diverse needs of modern investors. OTC Markets Group stands at the forefront of this transformation, revolutionizing the financial services industry with a wide array of new investor solutions. From seasoned traders to first-time investors, the company offers a wealth of resources, aiming to create
Over the past year, du Pay, the digital payment platform from du, has made significant strides in reshaping the UAE’s financial landscape. Since its inception, the platform has reached an impressive number of milestones, such as garnering over half a million app downloads and enabling transactions worth half a billion dirhams. This digital endeavor has demonstrated strong capabilities in offering
Agentic AI is at the forefront of transforming the financial services industry with its potential to significantly enhance autonomy, efficiency, and inclusion. Unlike traditional AI, Agentic AI operates with a higher degree of independence, offering capabilities that surpass the limitations of existing models. This new wave of AI technology is poised to overhaul financial systems by enabling independent decision-making, collaboration
In recent years, the global payment technology industry has faced significant changes driven by digital commerce growth and evolving business needs. VoPay has announced its Cross-Border Payments-as-a-Service solution, offering a transformative approach for software platforms and financial institutions engaging in international transactions. This development aims to enhance transparency, streamline compliance, and eliminate the complexity of establishing cross-border payment infrastructure. Industry
In the current landscape of Malaysia’s finance sector, digital innovation, embedded finance, and AI are pivotal forces reshaping traditional banking paradigms. These dynamic elements were at the forefront of discussions at the Asian Banking & Finance and Insurance Asia Summit – Malaysia this year, where industry leaders gathered to explore how these technologies challenge established norms and spearhead transformative changes
The financial services industry is witnessing a transformative era with embedded finance reshaping how financial products are delivered and experienced. This integration of financial services into non-financial platforms marks a departure from traditional banking practices, resulting in more seamless and engaging user experiences across various sectors. Neobanks, characterized by their innovative, digital-first operations, are uniquely positioned to leverage these advancements.
The explosive advancement of generative AI technologies has captured the interest of both the consumer sphere and the corporate world. Innovations in AI, exemplified by tools like ChatGPT, have revealed remarkable capabilities, yet transforming this initial enthusiasm into substantial enterprise adoption poses multiple challenges. The chasm between consumer engagement and business-level deployment is often underestimated, as there are key barriers
The alarming 26% increase in data breach victims within the United States during the first quarter of this year has sparked growing concerns across various sectors. While the total number of incidents remained mostly stable, dropping slightly from 841 incidents in the previous year to 824 incidents now, the number of victims surged from 72.5 million to an unprecedented 91.3
Artificial intelligence continues to redefine numerous industries, and its impact on the cryptocurrency sector is both profound and transformative. At the forefront of this digital evolution, FNT Crypto emerges as a pioneering figure, aiming to harness AI’s potential to elevate cryptocurrencies from speculative assets to integral components of modern financial infrastructures. The prevailing challenge lies in the apparent disconnect between
