ICBC, China's Top Lender, Hit by Ransomware Attack
ICBC, China's Top Lender, Hit by Ransomware Attack

On Thursday, another victim of ransom-demanding hackers joined the line today, as the U.S. arm of the Chinese bank, ICBC

UK racing to secure deal to protect firms from Silicon Valley Bank collapse
UK racing to secure deal to protect firms from Silicon Valley Bank collapse

The UK division of Silicon Valley Bank has already stopped operating, will soon be deemed bankrupt, and is no longer accepting new clients.

India Permits Banks to Employ Facial and Iris Recognition for Specific Transactions, As per Sources
India Permits Banks to Employ Facial and Iris Recognition for Specific Transactions, As per Sources

The Indian government is allowing banks to use facial recognition and iris scans to validate transactions over a set annual cap to prevent fraud and tax fraud,

RBI Unlikely to Extend Card Tokenisation Deadline Despite Payment Failures, Revenue Losses, Bankers
RBI Unlikely to Extend Card Tokenisation Deadline Despite Payment Failures, Revenue Losses, Bankers

The central bank has not yet made any indication that a deadline extension is possible, despite a request from smaller retailers to postpone the compliance date

Axis Bank and Samsung to Launch Co-branded Credit Card
Axis Bank and Samsung to Launch Co-branded Credit Card

A consumer electronics company, Samsung and Axis Bank have been a part of a partnership in order to launch a co-branded credit card, powered by Visa.

For the Use of WhatsApp US Big Banks have Collected Over $1 Billion Fine
For the Use of WhatsApp US Big Banks have Collected Over $1 Billion Fine

Banking giants like JPMorgan Chase & Co and Bank of America have collectively faced over $1 billion in regulatory fines for employees' use of WhatsApp.

Bank of Canada Explained about Higher the Interest Rates Lower Cost of Living
Bank of Canada Explained about Higher the Interest Rates Lower Cost of Living

The Bank of Canada desires to let people know that rising interest rates would suck, but ultimately it would make life more cost-effective.