A new report from cybersecurity experts at FireEye claims a North Korea-led cyber campaign has swindled banks of hundreds of millions of dollars since 2014, and continues to operate as an “active and dangerous” entity. Analysts estimate the group has attempted to steal more than $1.1 billion. According to Wednesday (Oct. 3) reports in the […]
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When the American Production and Inventory Control Society, otherwise known as APICS, formed more than 60 years ago, its very name exemplified how organizations approached improvements in their supply chains. For APICS, that meant targeting companies’ inventory management and production processes. They’re both key parts of overall supply chain management – which itself is evolving […]
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Sierra Leone is set to create a national, blockchain-based credit bureau. On September 27, at the 73rd Session of the U.N. General Assembly (UNGA), Sierra Leone’s president Julius Maada Bio made an announcement where he declared that his country had set a new goal to create a national, blockchain-based credit bureau to “radically transform” the […]
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As investments in cryptocurrency have grown in popularity, and value, security breaches have increased in parallel, with millions of dollars in Bitcoin and other digital currencies stolen from digital currency wallets around the world. In a fintech environment, there are numerous standards that are followed to maintain a level of data security to protect people’s assets. […]
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A study into JPMorgan’s digital transformation initiatives has revealed that blockchain is a key technology for the bank’s roadmap. A study into JPMorgan’s digital transformation initiatives has revealed that blockchain is a key technology for the bank’s roadmap, according to a press release published by ResearchAndMarkets.com (RM) October 3. RM has analyzed JPMorgan’s enterprise-wide strategies […]
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Israel’s national securities regulator has started using blockchain to improve the cybersecurity of its messaging system. The Israel Securities Authority (ISA) has started to use blockchain to improve the cybersecurity of its messaging system, online newspaper Times of Israel reports today, October 3. The government regulator has reportedly embedded the technology into a system dubbed […]
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In a potential revival of the Toys R Us brand, lenders are looking to reorganize the company’s assets into a new company. The firm would be able to invest in new retail operating businesses and keep license agreements, Bloomberg reported. The rights to Toys R Us’ name, along with Babies R Us, are controlled by […]
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Welcome to The Axis, your late look at payments news from around the world. Coverage includes Marks & Spencer’s roll out of its “Mobile, Pay, Go” service in the U.K. In addition, Malaysia’s CIMB Bank is bringing multi-QR terminals to merchants, and First Abu Dhabi Bank (FAB) is using sound waves in a payment system. The […]
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What would you say about a computer geek who said he could protect your online identity, and while doing do would make a bold move against the likes of Facebook and Google? What would you say if that person happened to be the inventor of the World Wide Web? As consumers become more cautious — […]
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As financial institutions (FIs) invest in technology in an effort to position themselves more competitively against FinTech firms, the development of so-called chat bots and “robo advisors” has accelerated. Projects from Wells Fargo, JPMorgan Chase and RBS have all surfaced in recent years, as FIs deploy artificial intelligence (AI) solutions that both meet their customers’ needs […]
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