Higher interest rates that reduce debt affordability will increase banks' asset risk, but rising rates are a plus for many banks’ net interest margins and profitability. 

» In non-bank finance, insurers, and asset managers the implications are mixed, but high inflation is generally credit negative. 

"Many companies have distributed their data to a variety of storage locations and, as the fines would show, are having challenges in properly managing their archipelago of proprietary, siloed islands of data. No doubt, IT teams spend significant time and resources tackling governance, archiving, and compliance issues. This distorted image causes a number of glaring problems that grow with the amount of data and the number of regulations.

“This is further evidence that the world of payments is changing – no longer are traditional payment methods sufficing for consumers who have become technology natives, and want more choice and freedom when it comes to how they pay for their products. The future of payments lies in the merging of cryptocurrencies and cash, providing people with different currencies to complete financial transactions, but this would of course require retailers to innovate technologies to allow for that to happen smoothly.

 Evolve Bank & Trust ("Evolve"), a leading financial technology solutions provider, announced today it has joined the newly launched "Banking-as-a-Service (BaaS) Association." The group was formed by "Bankers Helping Bankers," a bankers-only social+platform for collaboration and education.

Bybit, one of the world's fastest growing cryptocurrency exchanges, has announced its expansion into crypto options trading, adding to its existing product line of perpetual futures contracts and expiration futures contracts.

 Eventus, a leading global provider of multi-asset class trade surveillance and market risk solutions, and FTX.COM (“FTX”), a leading global cryptocurrency exchange, announced today that FTX has contracted with Eventus to deploy the firm’s Validus platform for trade surveillance and risk monitoring on all FTX markets throughout the globe.

The Committee on Supervision and Regulation of Banks and Payment Systems of the National Bank of Ukraine confirmed the implementation of all economic standards by IBOX BANK, which allow the financial institution to become a second-tier bank. This information was published after the approval of the new edition of the charter of IBOX BANK by the National Bank. The charter was updated in connection with the increase of the authorized capital to the amount of UAH 741 million.

Logpoint has revealed that infrastructure and licensing costs are deeply concerning for businesses looking to consolidate cybersecurity tools and make a move into the cloud, according to findings from a recent poll. What’s more, almost a third of respondents believe they are ‘throwing money at nothing’ when it comes to their existing cyber security stack.

FinMapp has launched an all-new ‘Fixed Deposit’ feature in the FinMapp application. The Fintech major has updated the app by adding a new icon for an improved customer experience, collaborating with Bajaj Finance.