Sberbank has announced it has been forced to pull out of the European market, after it said it faced large outflows of cash in the region as well as threats to the safety of its employees and branches.
The bank, Russia’s biggest lender, said its European subsidiaries had faced “abnormal cash outflows”, meaning it could no longer supply them with liquidity. However, Sberbank said it had sufficient capital to be able to make payments to all of its depositors.
UK EV battery manufacturer invests in Infor CloudSuite Automotive for £3.8bn 38GWh Gigaplant
Infor, the industry cloud company, today announced that battery pioneer Britishvolt, the UK’s foremost investor in battery cell technologies and research and development, has selected Infor CloudSuite Automotive to manage business operations at its £3.8 billion, 38GWh Gigaplant in Cambois, Northumberland, UK.
NatWest’s multi-award-winning open banking payments solution Payit, has successfully made its first Variable Recurring Payment (VRP) in a live environment.
Visa, Mastercard and American Express have announced they will suspend all operations in Russia in protest at its invasion of Ukraine.
But Russia's major banks have already downplayed the impact the move will have on consumers.
Shoppers will still be able to use the cards for purchases within Russia until they reach their expiry dates.
But Visa, Mastercard or American Express cards issued abroad will no longer work at shops or ATMs in Russia.
KoronaPay, the EU-based online money transfer service with over 13 million users worldwide, has partnered with Clear Junction, the global payments solutions provider, to offer its users
The research experts at Babel Finance's Hong Kong and Singapore offices are confident in the long-term worth of crypto assets. Crypto-asset markets are evolving fast, long-term Bitcoin(BTC) investors have reaped substantial gains since the currency's inception, and more and more conventional financial institutions are recognizing it.
The mission of ADDX is to democratise private market investing – expanding access from institutions to accredited individuals, and ultimately to retail investors, she says
CEO Designate Oi-Yee Choo at the ADDX head office located at Aperia Tower One, Singapore
Singapore Exchange-backed private market platform ADDX has announced that Oi-Yee Choo will be appointed its Chief Executive Officer, subject to the Monetary Authority of Singapore’s (MAS) approval.
The Company’s Banking Division Attains Highest Maturity Level for New Product Release and Implementation |
With over 185,000 registered charities in the UK, millions of payment card and bank account details are at risk with weak systems in place to secure the sensitive data.
According to the latest update from the regulator, Charities reported 123 data security incidents to the Information Commissioner’s Office (ICO) in the first quarter of 2019-20. There has also been some high profile, expensive penalties issued as the British and Foreign Bible Society were fined £100,000 after cyber hackers gained access to more than 400,000 supporters’ personal data.
Blockpass and cryptocurrency exchange Crypto.com are delighted to reveal a brand new partnership as both companies seek to support tokens and identity verification options in the crypto sphere.
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