UBS Asset Management, a leading global asset manager, has taken a significant step in the adoption of blockchain technology with the launch of its first live pilot of a tokenized Variable Capital Company (VCC) fund. This pilot is part of a broader initiative called Project Guardian, which aims to bring real-world assets on-chain using blockchain technology. By embracing this new
In a world where instant gratification is becoming the norm, consumers are seeking faster and more efficient payment options to gain greater flexibility and control over their transactions. Recognizing this growing need, Pidgin, a secure real-time payments platform built for the future, has partnered with Exchange Bank to provide account holders with instant payment capabilities. This partnership aims to revolutionize
Banking is on the cusp of a transformative shift as new technologies and evolving consumer demands reshape the industry. In a recent survey, banking executives shared their insights on the future of banking, revealing a consensus on the rise of embedded finance and the need to act as true digital ecosystems. This article delves into the survey findings, highlighting key
In today’s digital age, where data is the lifeblood of any organization, backup and recovery have become critical components of maintaining data security and ensuring business continuity. Backup and recovery involve the process of copying enterprise data, storing it securely, and being able to restore it in the event of a disaster or service interruption. However, it is not enough
AWS (Amazon Web Services) has unveiled MadPot, an internal threat intelligence decoy system designed to trap malicious activity, including nation-state-backed Advanced Persistent Threats (APTs) like Volt Typhoon and Sandworm. Developed by AWS software engineer Nima Sharifi Mehr, MadPot is a sophisticated system of monitoring sensors and automated response capabilities that mimics innocent targets to pinpoint and stop threats. This article
In the age of widespread cyber threats, it is crucial for software companies to promptly address any vulnerabilities in their products to ensure the security of their customers’ systems. Progress Software, a leading provider of software solutions, has recently issued an urgent call to its customers regarding a critical vulnerability discovered in its flagship file transfer software product, WS_FTP. This
The Storm-0558 hacking group has recently made headlines by successfully infiltrating the State Department’s email system, stealing a staggering 60,000 emails from 10 accounts. Nine of these compromised accounts were used by individuals specializing in East Asia and Pacific diplomacy, heightening concerns about the breach’s implications. This article delves into the extent of the hack, explores the vulnerabilities in the
In an unfortunate turn of events, the city of Fort Lauderdale, Florida, fell victim to a cunning scam orchestrated by fraudsters impersonating a construction company. The scammers managed to deceive the city authorities and successfully swindle a hefty sum of $1.2 million. Law enforcement agencies have initiated an investigation into this fraudulent activity, highlighting the need for increased vigilance and
The Brazilian government’s recent announcement regarding the implementation of blockchain technology for digital identity marks a significant milestone, with over 214 million Brazilians set to embrace this innovative system. This bold move aims to revolutionize the way identification documents are issued, paving the way for enhanced security and efficiency. Rio de Janeiro, Goiás, and Paraná will lead the charge as
SBI Holdings, a leading financial services company in Japan, has announced a joint venture with TradeFinex to promote the adoption of their enterprise blockchain platform on the XDC Network. This collaboration aims to revolutionize the trade finance industry by leveraging the benefits of blockchain technology for enhanced transparency, efficiency, and security. TradeFinex’s decentralized platform on the XDC Network TradeFinex operates
Digital asset-as-a-service platform Zumo has achieved a significant milestone by becoming the first cryptocurrency platform to integrate the financial promotions technical flow design outlined by the Financial Conduct Authority (FCA). This integration showcases Zumo’s commitment to regulatory alignment and user protection. With the FCA’s rules on financial promotions for cryptoassets coming into effect from October 8, Zumo’s early compliance demonstrates
The US Commodity Futures Trading Commission (CFTC) recently made headlines by filing a civil enforcement action against Mosaic Exchange Limited, a Pennsylvania-based crypto trading platform, and its owner, Sean Michael. The regulatory body revealed that the company had been operating a fraudulent digital asset commodity scheme, deceiving investors with false claims and misappropriating funds. This article will delve into the
