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Sep 19, 2024 | 
blog.qualys.com | Abhinav Paliwal
Black Basta is a ransomware group operating as ransomware-as-a-service (RaaS), first spotted in April 2022. It is known to use double extortion techniques where the group demands payment for the decryption and non-release of stolen data. Earlier versions of Black Basta share many similarities with Conti Ransomware. A wide range of industries and critical infrastructure in North America, Europe, and Australia have been impacted by Black Basta.
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Jul 31, 2024 | 
finextra.com | Benjamin Avraham |Sergiy Fitsak |Joris Lochy |Abhinav Paliwal
Embedded finance refers to the seamless integration of financial services, such as payments, into non-financial platforms. These services are embedded directly within the customer journey, providing a frictionless and convenient experience. We explore their
growing significance.
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Jul 31, 2024 | 
finextra.com | Sergiy Fitsak |Joris Lochy |Abhinav Paliwal |Raman Korneu
The volatility of global currency markets requires organizations that engage in international trade to adopt comprehensive risk management strategies. Fortunately, full automation is now possible when identifying, measuring, and mitigating the risk of financial
losses due to currency-rate fluctuations.
This shift away from traditional, manual-led approaches to currency risk management relies on data-driven insights.
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Jul 26, 2024 | 
finextra.com | Shiv Nanda |Abhinav Paliwal |José Pierre |Joris Lochy
The mobile application development industry is fast-growing, especially in the technologically advanced city of Dubai. More specifically, as organizations aim to remain relevant and satisfy their customers’ needs, it is necessary to determine the mobile
application development cost. In this article, the reader will learn about various noteworthy factors determining the cost of
developing mobile apps in Dubai and tips on selecting the right app development firm.
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Jul 15, 2024 | 
finextra.com | Steven Rackham |Tejasvi Addagada |Cheryl Chiodi |Abhinav Paliwal
KYC (Know Your Customer) and Due Diligence are key elements for the successful operation of any business, especially in today's globalized world, where the risks of fraud and financial crimes are increasing. These procedures help companies avoid legal problems,
preserve their reputation and protect their financial interests.
What is KUS and Due Diligence?
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Jul 9, 2024 | 
finextra.com | Andrei Scutari |Eddie Harrison |Abhinav Paliwal
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External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Buy Now, Pay Later (BNPL) is an emerging trend that has rapidly gained traction.
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Jul 9, 2024 | 
finextra.com | Andrei Scutari |Eddie Harrison |Abhinav Paliwal
In Sub-Saharan Africa, mobile money is now essential to boosting financial inclusion. Because of the innovative mobile network operators in Kenya and other countries, East Africa used to be the core of mobile money.
The availability of these services has expanded recently, to the point where by 2022 all 12 economies of the world are located in Sub-Saharan Africa, and more adults there have mobile money accounts than bank or other similarly regulated financial institution
accounts.
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Jul 9, 2024 | 
finextra.com | Andrei Scutari |Eddie Harrison |Abhinav Paliwal
In June 2023, The European Commission
announced its proposals on regulations governing the payment services industry within the union. The much-anticipated third Payment Services Directive (PSD3) represents the completion of the Commission's review of the second Payment Service Directive, released
nine years ago and is slated for release in the first half of 2025.
Since 2016, when
PSD2 was introduced, the payments landscape has undergone significant changes.
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Jul 8, 2024 | 
finextra.com | Abhinav Paliwal |Kaustuv Ghosh |Clare Rowley |Radi El Haj
It wasn't so long ago that people lived, worked, and died within just a few miles of where they were born. And while there are places in the world where this is still the case, the lives of people in many countries are increasingly mobile.
People on the move
Today, a growing number of workers seek out excitement, adventure, or better pay packets by travelling to new countries, and the rise of remote working means this is easier to do than ever.
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Jul 8, 2024 | 
finextra.com | Abhinav Paliwal |Kaustuv Ghosh |Clare Rowley |Radi El Haj
With many consumers still feeling the squeeze of the cost-of-living crisis, retailers are increasingly looking to e-commerce marketplaces to drive revenue. It's easy to see the draw; marketplaces require lower upfront costs compared to setting up a standalone
online platform, provide access to a larger pool of potential customers, and increase the visibility of the brands that use them.
