Technology

The Global Research and Analysis Team (GReAT) at Kaspersky recently stumbled upon a shocking revelation. They found open-source packages crafted to download the Quasar backdoor and a cryptocurrency stealer. These harmful packages target users of the Cursor development environment specifically. Cursor, a tool based on Visual Studio Code, enjoys widespread popularity among developers and coders.…

Danantara Indonesia recently announced a partnership with Japan Bank for International Cooperation (JBIC). The goal is to stimulate investment in renewable energy and infrastructure, thereby aiding Indonesia’s transition to a green, digitally connected economy. It’s a significant development in the fintech sector, fostering sustainable and digital progress. They formalised the partnership through a memorandum of…

Pacaso, a digital marketplace for luxury vacation home co-ownership, is shaking up traditional real estate norms. Launched in 2020, its unique co-ownership model is sparking this revolution. Founded by former Zillow executives Austin Allison and Spencer Rascoff, Pacaso is charging ahead with rapid expansion. The company’s unique model allows individuals to co-own luxury holiday homes,…

stc group‘s venture capital arm, Tali Ventures, has made a strategic investment in Tarmeez Capital. This significant move boosts the Saudi Arabian fintech sector, especially in the sukuk and debt instruments space. This sector plays a crucial role in the Kingdom’s capital markets, set to grow with this investment. Tali Ventures’ investment leads a funding…

UK digital design and marketing agency, Zap, has launched a new payments product with its service, Zap Cashier. This move aims to provide a seamless payment experience, directly integrated into Zap’s technology platform. The leading Pay by Bank provider in Europe, TrueLayer, and DNA Payments, robustly support Zap’s payment functionality. Zap’s latest payment product simplifies…

Blockchain technology is quickly transforming the global financial landscape. Two recent developments highlight this change. First, Mercado Bitcoin revealed plans to tokenize $200 million in regulated financial assets on the XRP Ledger (XRPL). Second, Ripple has partnered with Tenity. Mercado Bitcoin, one of Latin America’s largest cryptocurrency exchanges, leads in financial innovation. The firm’s decision…

The recent Q2 CFO survey by Deloitte revealed the UK as a leading investment destination. Along with India, a net 13% of CFOs found the UK highly or somewhat appealing. The survey took place last month, specifically between the 16th and 19th. Additionally, this positive outlook on the UK as an investment hub isn’t a…

Leading professional services network, KPMG UK, has stepped forward with expert commentary on recent economic and regulatory changes. This move demonstrates the firm’s deep-rooted involvement with the financial aspects of the UK. The commentary draws on the firm’s extensive experience in financial services. The experts at KPMG have undertaken an in-depth examination of the Bank…

CyberCube, a global cyber risk analytics specialist, has identified Manufacturing, Education, IT, and Retail as the industries most susceptible to attacks from the infamous extortion crew, Scattered Spider. This information follows a series of high-profile cyber-attacks attributed to this group. Initially recognized as a social-engineering crew, Scattered Spider has quickly transformed into a complex and…

Thanks to Pacaso, co-owning a luxury vacation home is now a breeze. This tech-savvy real estate marketplace is shaking up the second-home market with its novel co-ownership model. Austin Allison and Spencer Rascoff, former Zillow executives, founded the company in 2020. Since then, it has grown rapidly, making luxury home ownership more accessible and stimulating…

In the dynamic world of blockchain, World Network, previously known as Worldcoin, is breaking new ground. It’s prioritising humans over bots and making strides towards financial inclusion and developer empowerment. This is reshaping the norms of digital identity and the financial ecosystem. World Network’s latest updates demonstrate its commitment to creating a global, human-centric blockchain…

Under its Start Path initiative, Mastercard recently launched a new program to strengthen digital security innovation. The Security Solutions program targets startups creating new technologies in fields such as cybersecurity, fraud mitigation, digital identity, and payment resiliency. Open to global startups, the program involves an intensive application and vetting process. Five startups, namely OneID, Scamnetic,…

Aliaswire, a leading fintech company, recently launched its latest product, DirectEmbed. This new product is a comprehensive and fully integrated receivables and payment processing solution. Specifically, it caters to the needs of Vertical SaaS providers. This development signifies a significant advancement in the fintech sector, with Aliaswire persistently innovating to solve complex financial challenges. DirectEmbed…

DigitalBridge Group Inc and La Caisse, Canada’s leading institutional fund manager, now own Yondr Group. Previously, Cathexis Holdings had ownership of this global hyperscale data centre developer and operator. This move marks a significant milestone in the digital infrastructure sector. Both companies announced this strategic acquisition, enhancing their digital infrastructure portfolio. Moreover, it increases their…

In a significant development, Bonx, a French startup, is revolutionizing the European industry with its operational software. They recently secured an $8.6 million seed round, led by 9900 Capital. Other contributors include Kima Ventures, Purple, OSS Ventures, and Dynamo Ventures. This funding marks a critical milestone for the startup, founded only in 2022. The funding…