BasBanke, also known as Coybot, is a banking malware for Android designed to steal banking credentials from Brazilian entities. It started its malicious activity at the time of the Brazilian elections of October 2018 and has recently reappeared.

The Trojan has targeted Brazilian banking entities since its inception and its attacks have been very intermittent, with new samples appearing fairly infrequently.

MioTech announced today that it has closed its Series A+ funding round led by existing investor Horizons Ventures, the private investment arm of Mr. Li Ka-shing.

“The financing will be used to recruit more talents and invest in R&D. It will further strengthen MioTech’s data and technology edge, and help MioTech become the industry acknowledged platform for Green Finance and Sustainable Investment in Asia,” said Jason Tu, Co-founder and CEO of MioTech. “MioTech will continue to invest in Hong Kong while expanding its presence in Singapore and Mainland China.”

Integral, the technology partner trusted by leading banks, brokers, and asset managers to help them outperform their competition in the foreign exchange market, reported today average daily volumes (ADV) across Integral platforms totaled $36.3 billion in December 2019. This represents an increase of 6.8% compared to November 2019. 

Ahead of the two-year anniversary of its implementation on 13 January 2020, Robert McKechnie, Open Banking Expert at Equifax UK, believes broadening Open Banking platforms will be a turning point in its drive to mass adoption in the year ahead:

Robokassa, a payment service and part of the Paysend Group, has been recognised for its outstanding achievement in information technology and electronic communication.

The business, a universal tool for accepting and processing online payments, has won the Runet Award for ‘Economy and Business’.

A portmanteau of the words ‘Russia’ and ‘internet’, Runet is the country’s most prestigious technology award. It celebrates companies, organisations and individuals that have contributed to the development of Russia’s digital sphere.

As insurance carriers look to technology to meet customer demands at scale, how carriers react to competition and rising customer expectations today will define their success tomorrow. From providing bespoke products, instant customer service and real-time risk monitoring, the likes of AI, machine learning and other innovative technologies are proving the only means through which insurance carriers can meet the high demands of consumers today.

Nisir Microfinance Institution (Nisir MFI), an innovative and growing microfinance institution in Ethiopia, has selected 

Commerzbank AG will acquire an equity stake in comdirect bank Aktiengesellschaft ("comdirect") from institutional investor Petrus Advisers Ltd. through its subsidiary Commerzbank Inlandsbanken Holding GmbH. The purchase price has not been disclosed.

Emirates NBD, a leading banking group in the region, has completed the third phase of its international core banking system upgrade, as it forges ahead with its ongoing digital transformation efforts to boost innovation and efficiency across its domestic and international operations.