The financial sector was recently shaken by a significant incident involving The Bank of Canton, which agreed to a $300,000 settlement following a 2023 data breach. This breach stemmed from a security vulnerability in the MOVEit file transfer software, heavily relied upon by Fiserv Inc., a
The UK is at a critical juncture in its ambition to revolutionize the retail payments ecosystem, aiming to establish a platform that is not only innovative but also robust in terms of security and competitiveness. Driven by the Payments Vision Delivery Committee, this initiative focuses on a
In an era where digital innovation is reshaping industries, the role of a Digital Implementation and Support Officer has emerged as a cornerstone in banking operations. This position is crucial for managing and enhancing digital banking offerings such as mobile banking and digital wallets, which
The advent of the Capital Markets Efficiency Promotion Act (CMEPA), also known as Republic Act No. 12214, has initiated a pivotal reform within the Philippine financial sector. Effective July 1, 2025, this significant piece of legislation introduces a straightforward and standardized approach to
The advancement of payment technology has ushered in an era where transactions occur without the spender ever consciously engaging in a payment process. This era is characterized by the adoption of invisible payment systems that utilize innovative technologies to streamline how financial exchanges
BBVA, a major player in the global banking industry, has embarked on a transformative journey to revolutionize digital banking in Italy by appointing Walter Rizzi as the Head of Digital Banking. This strategic hiring underscores BBVA's dedication to adapting its services to the unique demands of
