As a result of this, experts are anticipating that it will be easier for consumers to carry out safe shopping online without worrying about whether or not their private information will be compromised by malicious third parties.
Earlier iHodl reported that one of the oldest South Korea's financial institutions, Shinhan Bank, announced the launch of its blockchain-based verification system that can replace the verification process of certification documents required in Korea.
Hirander Misra, chairman and CEO at GMEX Group and vice chairman at Arabian Bourse, believes that the partnership will bring proven market expertise and technology, with a deep understanding of the exchange landscape in the Middle East.
Meantime, China’s central bank governor Yi Gang has kept a low profile during the meetings here, but he was spotted earlier Sunday.
ATO deputy commissioner Will Day has reportedly revealed that at least one of the investigations involves a global financial institution and its intermediaries, which is believed to have helped clients conceal assets and income data.
Voluntary disclosure of offshore accounts, financial assets and income in the run-up to full implementation of the AEOI initiative resulted in more than EUR 95 billion in additional revenue (tax, interest and penalties) for OECD and G20 countries over the
For family offices, cybersecurity ranked highly among key risks for the year, with a quarter (29%) highlighting the importance of protecting against cyber-attacks.
Jim Wadsworth, Mastercard’s SVP of open banking, states that the company sees “significant potential” in the Konsentus service.