The current pandemic has forced rapid and wholesale changes to our lifestyles and opened the digital doorway for opportunistic fraudsters, escalating threat levels to new highs. This in turn has accelerated the pace of digital transformation for businesses and a pathway to securer online platforms. 

Last week, the troika of European Supervisory Authorities sent a letter to the European Commission. 

The Packaged retail investment and insurance products (PRIIPS) regulation is a piece of EU legislation with troubled origins.

Cash is in decline in every country around the world. That has only intensified since the emergence of the COVID-19 pandemic, swiftly leading us towards a cashless society. Many retailers have stopped accepting cash altogether, instead encouraging customers to use contactless card payments or mobile apps to pay in a touch-free, and more hygienic way. Given concerns around the virus staying on bank notes for around 48 hours, and ATMs potentially being touched by hundreds of hands without a deep clean in between, many of us have instead embraced touch-free payments.

HeimdalTM Security chief executive Morten Kjaersgaard has stated that cybercrime is already a profession. In an exclusive interview with Finbold.com, Kjaersgaard stated that tracking developments in the cybercrime sector will be a major trend in the coming year. 

New data published today reveals the regional distribution of loans under the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan Scheme (BBLS). The data, published by the British Business Bank, shows that the proportion of overall loans in each of the nine English regions and three Devolved Nations matches closely their respective share of the UK business population.

Alchemy, the world’s leading blockchain developer platform, has today introduced Alchemy Supernode, the industry leading Ethereum API with supercharged reliability, data correctness, and scalability for running world-class applications on the blockchain.

Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) today announced that the board of directors has elected Marc Huffman as chief executive officer, effective January 1^st, 2021.  Mr. Huffman currently serves as president and chief operating officer. Therese Tucker, who has served as CEO since founding BlackLine in 2001, will continue to serve on the company’s board as executive chair. 

CoinDCX, India’s largest and safest cryptocurrency exchange, has announced the launch of ‘Stake by CoinDCX’ which went/goes live on August 7^th. The platform will now help investors earn passive income on their crypto holdings in the form of staking rewards supported by partner Proof of Stake (POS) blockchains. 

India’s largest agent banking platform, PayNearby is happy to formally announce its partnership with Sub-K Impact Solutions Ltd (Sub-K), a leading player facilitating loans, savings and payments to underbanked households and micro-enterprises. The partnership will work towards enhancing shared goals of the two organizations, who are committed to enabling financial inclusiveness and economic wellbeing of the country’s masses.

Following the recent announcement that Yolt is heading into a substantial beta phase for a new alliteration of the app, it’s today been announced that the smart thinking money app, has been awarded the title of ‘Best Personal Finance App’ at the Wealth & Finance FinTech Awards 2020.