Financial literacy and inclusion are pivotal for economic empowerment, poverty reduction, and financial stability. In India, these elements are essential for fostering a more equitable and prosperous society. This article delves into the current state of financial literacy and inclusion in India,
The European Investment Bank (EIB), a pillar of the European Union's financial infrastructure, has recently been mired in controversy amid revelations of favoritism and alleged misuse of taxpayer funds under the leadership of Werner Hoyer. During his tenure as president, a toxic culture
In a significant court ruling that underscores the ongoing challenges in the fight against healthcare fraud, a Florida man, Jose Goyos, has been sentenced to 15 years in prison for his involvement in a massive healthcare fraud and money laundering scheme valued at $67 million. The intricate
A recent ransomware attack has brought a significant part of India's banking sector to a standstill. Affecting over 300 banks, the attack targeted critical payment systems, causing massive disruptions in everyday banking functions and leaving millions of customers without access to essential
The Swiss National Bank (SNB) is at the frontier of one of the most intriguing financial evolutions of the digital age: tokenization. This cutting-edge concept involves transforming the rights to an asset into a digital token, effectively enabling these assets to be managed and transacted on
As the financial landscape evolves, Moldindconbank's strategic partnership with Salt Edge marks a significant leap towards open banking in Moldova. This article delves into the transformative effects this move will bring to the finance sector, examining how compliance with the National Bank of
Receiving a message about unusual activity from your computer network can be unsettling, especially when it interrupts your browsing experience. The security systems responsible for monitoring internet activity are designed to protect users and ensure overall network integrity. When unusual
Operation Destabilise, a UK-led investigation, has unveiled a vast and intricate money laundering network that spans London, Moscow, and Dubai. This network, involving the use of cryptocurrencies, has been utilized by Russian spies and drug traffickers to evade economic sanctions. Launched by the
Guaranty Trust Bank (GTBank) of Nigeria has undertaken a significant step in modernizing its operations by adopting the Finacle core banking system supplied by Infosys. This move marks a comprehensive digital transformation aimed at enhancing operational efficiency and customer experience across
Meeting the digital moment in banking In modern times, the digital-first customer expects more from every interaction, including those with their bank—convenience, security, and seamless service are just the starting points. But with the rise of fintech companies and the demand for a unique touch
