Cyber Security news - Fintech News. Online ✅ by @dTechValley https://www.fintechnews.org/cyber-security/ And Techs news of your sector Wed, 05 Feb 2025 21:35:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.7 Navigating the Complexities of Global Business: The Smart Way Forward for SMBs https://www.fintechnews.org/navigating-the-complexities-of-global-business-the-smart-way-forward-for-smbs/ https://www.fintechnews.org/navigating-the-complexities-of-global-business-the-smart-way-forward-for-smbs/#respond Wed, 05 Feb 2025 05:56:00 +0000 https://www.fintechnews.org/?p=37194 In an increasingly interconnected world, small and medium-sized enterprises (SMEs) across Europe face the growing challenge of managing international operations. From receiving payments in multiple currencies to dealing with volatile exchange rates, the demands of global commerce often feel overwhelming. For SMEs, the stakes are high—currency fluctuations can erode profit margins, and inefficient payment systems […]

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In an increasingly interconnected world, small and medium-sized enterprises (SMEs) across Europe face the growing challenge of managing international operations. From receiving payments in multiple currencies to dealing with volatile exchange rates, the demands of global commerce often feel overwhelming. For SMEs, the stakes are high—currency fluctuations can erode profit margins, and inefficient payment systems can delay cash flow, hampering growth and innovation.

Enter okoora, a game-changing financial platform designed to solve these challenges. With over 20,000 satisfied customers and a robust suite of products, okoora is the ultimate partner for SMEs navigating the complexities of international trade.

Introducing Okoora: The Ultimate Financial Platform

Okoora simplifies global business operations by providing a unified, cloud-based platform that integrates all the tools SMBs need to manage multi-currency payments, mitigate FX risks, and optimize cash flow. Whether your business is sending payments, receiving funds, or managing day-to-day financial operations, okoora delivers seamless solutions tailored to your needs.

Okoora’s Products: Designed for Global Success

1. Global Accounts

Easily manage funds in over 100 currencies with okoora’s Global Accounts. These accounts allow businesses to hold, send, and receive payments as if they were local transactions, eliminating unnecessary conversion fees and delays.

Okoora

2. Send, Receive & Pay

Okoora makes international payments as simple and cost-efficient as domestic ones. With no intermediaries or correspondent banks, you save time and money while ensuring your transactions are processed swiftly and securely.

3. Manage FX Risks

Currency fluctuations can be unpredictable, but okoora’s FX Risk Management tools provide peace of mind. With real-time risk analysis and automated hedging strategies, businesses can protect their profit margins and ensure cost stability.

4. Cards

Streamline expense management with okoora’s Business Cards. Issue physical or virtual cards instantly, set spending limits, and track transactions in real-time for complete control over company spending.

Learn more on okoora’s smart business cards

Okoora

Why Choose okoora?

1. Transparent Pricing

Unlike traditional financial service providers, okoora offers transparent, competitive pricing with no hidden fees. SMEs can trust they’re getting the best value without surprise costs eroding their bottom line.

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2. Trusted by Over 20,000 Businesses

From startups to established SMBE, okoora has earned the trust of businesses worldwide. With a proven track record of delivering innovative financial solutions, okoora is a name businesses can rely on.

3. Efficient and Scalable

Okoora’s platform is designed for SMEs, offering tools that are both powerful and easy to use. As your business grows, the platform scales with you, providing the support needed to navigate new markets confidently.

4. Localized Solutions for Global Challenges

Okoora bridges the gap between international operations and local financial systems. By enabling local bank accounts and localized payment solutions, it removes barriers to global commerce.

Your Partner in Global Financial Management

With its new website at okoora.com, okoora provides SMBs with an even more intuitive and user-friendly experience. The platform is your one-stop solution for managing global transactions with ease, efficiency, and transparency.

Okoora

Whether you’re looking to expand into new markets, reduce currency risks, or simplify your international payments, okoora has the tools and expertise to help you succeed.

Visit Okoora Today

Join the growing number of businesses transforming their global financial operations with Okoora. Visit https://okoora.com/to learn more about how our platform can support your business’s global ambitions.

Experience the difference with okoora—the smarter way to manage global business.

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Are gaming Tokens the next big thing in virtual finance? https://www.fintechnews.org/are-gaming-tokens-the-next-big-thing-in-virtual-finance/ https://www.fintechnews.org/are-gaming-tokens-the-next-big-thing-in-virtual-finance/#respond Mon, 03 Feb 2025 13:55:24 +0000 https://www.fintechnews.org/?p=34265 Gaming tokens: The future of virtual finance and gaming industry By sumedha As crypto continues to boom, the introduction of gaming tokens has changed the cryptocurrency space. Gaming tokens are virtual currencies that are reshaping the gaming industry. Gaming tokens are a type of digital asset that is unique to a gaming environment. These digital tokens have real-world […]

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Gaming tokens: The future of virtual finance and gaming industry

By sumedha

As crypto continues to boom, the introduction of gaming tokens has changed the cryptocurrency space. Gaming tokens are virtual currencies that are reshaping the gaming industry. Gaming tokens are a type of digital asset that is unique to a gaming environment. These digital tokens have real-world value backed by blockchain meaning they can be used for trading outside of the gaming ecosystem. Here arises the question are gaming tokens the next big thing in virtual finance?

Gaming Tokens

Gaming has always been a technology and innovation-driven industry. Not only that, the use of gaming tokens in virtual finance creates a space for players to play. Digital games are like mini-worlds inside our computers, where people spend a considerable amount of time. In addition, digital games have alternate economies. Gaming and crypto go hand in hand. This is why the gaming community has been investing in digital assets for a long time.

The Emergence of Gaming Crypto Tokens

The integration of crypto into the gaming ecosystem has only raised the bar. Blockchain has completely changed the industry by introducing the concept of in-game ownership of digital assets. These tokens are the building blocks of a new game world reducing the gap between the digital and the physical. While they may not be as flashy as traditional currencies, they are the key to creating immersive, player-focused experiences. Web3 games promise decentralization, empower players, and create true digital ownership. They combine fun gameplay with token rewards and independence. The central element to this idea is the digital gaming token (DGT). A crypto asset is distributed to players based on how well they play the game, how committed they are, and their level of skill. However, game tokens are also a thorn in the side of the web3 community.

Uses of Gaming Tokens

Gaming tokens are valuable because they are one-of-a-kind and can be used within the context of a game. Players can use gaming tokens to buy in-game items or to trade with others. Developers can monetize their games by selling gaming tokens to players, or by building a marketplace where players can purchase and sell tokens.

Gaming tokens in virtual finance are a new way for players to play games. Players can use gaming tokens to buy rare or valuable items in the game. Players can also use gaming tokens to trade with other players to create a new economy in the game. Gaming tokens also provide players with a new way to make money while playing. When a player gets a rare or valuable gaming token, he or she can sell it for a profit to other players. This new way of making money while playing games is especially appealing to hobbyists.

Gaming tokens provide a new revenue source for developers. Developers can sell gaming tokens to players. They can also set up a marketplace where players can buy and sell gaming tokens. A percentage of each transaction is charged to the developer. Developers can use gaming tokens to create an engaging and immersive gaming experience. By creating tokens that are unique and valuable, developers can encourage players to play more and spend more money in-game.

Working of Gaming Tokens

Each token is recorded on a blockchain. A blockchain is a public record of all transactions in which the token is involved. As a result, ownership and transferability of tokens can be easily monitored. When a player obtains a gaming token, he or she owns the gaming token directly. He or she can use the gaming token in the game, trade the gaming token to other players or hold onto the gaming token as an investment. Since each gaming token is unique, the value of each gaming token is based on supply and demand, like any other asset.

Integration of NFT and DeFi

NFTs are a game-changer. They allow players to own and control digital assets in ways that have never been possible before. This is because NFTs are verifiable and unique. NFTs are here to stay. They will empower gamers, drive innovation, and completely transform the gaming industry. Because DeFi is decentralized, the game ecosystem is transparent and secure. Players can be confident that the game is governed by smart contracts and asset ownership is unchangeable.

GameFi is a fusion of gaming and DeFi. It uses play-to-win models and NFTs to build economies where players can make money from playing games. These ecosystems aren’t just fun, they also provide financial incentives, bridging the gap between fun and finance.

Blockchain gaming is projected to grow by 68.3% year-on-year (YoY) between 2023 and 2030. By comparison, at the same time -period, the total online gaming industry is projected to grow to 13.4%.

The numbers are driven by capital inflows and interest in the industry, setting it up for a meteoric rise in the years to come. The surge in crypto gaming tokens and play to airdrop campaigns are just two examples of the industry’s rapid growth.

Market Growth of Gaming Tokens

The growth of the gaming ecosystem is due to the following factors:

Crypto Gaming: Decentralized Economy Crypto gaming uses blockchain technology to create decentralized economies where players can earn money based on their skills, property, and accomplishments.

Tokenization & asset ownership: With the introduction of NFTs, gamers now can own real-world assets in-game, creating a flourishing digital asset marketplace.

Interoperability and cross-game engagement: Blockchain’s interoperability makes it easy to transfer assets and play games across different gaming platforms, improving user experience and retention.

Challenges & Risks of Gaming Tokens

User experience and accessibility

To boost the adoption of crypto games, it is vital to have a user experience that is smooth and easy to use. The better way to enhance accessibility is to make crypto games available to all players, from beginners to experts.

The act of introducing the uninitiated to cryptocurrency, digital wallet management, and crypto may be too much to handle. Making the user experience simpler, building intuitive interfaces, and creating intuitive wallet management systems are the best ways to improve accessibility and make crypto gaming more accessible to everyone.

Educating about Crypto Gaming

Education and awareness are the key factors for the rise of crypto gaming adoption. A lot of players are still ignorant of blockchain technology, NFTs, and the benefits they bring to the gaming ecosystem. Through the educational programs that teach the players the basics of blockchain technology, the advantages of owning crypto assets in-game, and the examples of successful use cases, the knowledge gap can be bridged.

Future of Gaming Tokens

Even though gaming tokens are still in their initial stages of development, they are already having a great influence on the gaming industry. Through the advancements in Web3 technologies, it is foreseen that gaming tokens will keep on increasing in popularity and value. A gaming token can be used to make decentralized gaming platforms. The gaming tokens would be used to construct decentralized gaming platforms that are based on blockchain technology. This would allow the players to own and trade assets across various games and platforms, thus, creating a new degree of gaming interoperability and liquidity.

Gaming tokens are a fascinating cross between gaming and finance. They have the potential to disrupt both industries, but so do the challenges. Whether gaming tokens become the next generation of virtual finance will be determined by the collective effort of developers, gamers, investors, and regulatory bodies to navigate this ever-changing landscape.

FAQs

What are gaming tokens?
Gaming tokens are digital or virtual currencies used within gaming ecosystems to facilitate in-game transactions, purchases, and rewards. These tokens can be earned through gameplay, achievements, or purchased with real money. They often exist on blockchain platforms, providing security, transparency, and decentralized ownership.

How do gaming tokens differ from traditional cryptocurrencies?

Gaming tokens differ from traditional cryptocurrencies primarily in their purpose and functionality. While both are digital assets, gaming tokens are specifically designed for use within gaming ecosystems, whereas traditional cryptocurrencies like Bitcoin or Ethereum have broader applications as digital currencies or investment assets. Gaming tokens are typically tied to specific gaming platforms or projects, used for in-game transactions, rewards, or other gaming-related activities.

What is the purpose of gaming tokens in the gaming industry?

The purpose of gaming tokens in the gaming industry is multifaceted. Primarily, gaming tokens serve as digital assets within gaming ecosystems, facilitating various in-game transactions, rewards, and interactions. They can be used for purchasing virtual goods, such as skins, weapons, or characters, unlocking premium features or levels, participating in tournaments or events, and earning rewards or incentives.

How are gaming tokens used within gaming ecosystems?

Gaming tokens are used within gaming ecosystems to facilitate various transactions and interactions. They serve as digital assets that players can acquire, trade, and utilize within games for a variety of purposes. These purposes include purchasing virtual goods such as items, skins, or characters, unlocking premium features or content, participating in in-game events or tournaments, earning rewards or incentives, and engaging in player-to-player transactions.

Are digital assets the future of gaming?

Digital assets are indeed shaping the future of gaming in many ways. As the gaming industry continues to evolve, digital assets such as in-game items, virtual currencies, and collectibles are becoming increasingly important. These assets offer players ownership and control over their gaming experience, enabling new forms of gameplay, economic systems, and social interactions.

 

Link: https://www.analyticsinsight.net/gaming/are-gaming-tokens-the-next-big-thing-in-virtual-finance

Source: https://www.analyticsinsight.net

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10 Top Skills Every Cybersecurity Expert Should Master https://www.fintechnews.org/10-top-skills-every-cybersecurity-expert-should-master/ https://www.fintechnews.org/10-top-skills-every-cybersecurity-expert-should-master/#respond Mon, 20 Jan 2025 10:38:23 +0000 https://www.fintechnews.org/?p=37093 Are you curious about what it takes to become a cybersecurity expert? In a world where cyber threats grow more sophisticated daily, businesses and individuals need skilled professionals to protect their sensitive information. But what skills make a cybersecurity expert truly stand out? If you’re considering a career in this field or want to improve […]

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Are you curious about what it takes to become a cybersecurity expert? In a world where cyber threats grow more sophisticated daily, businesses and individuals need skilled professionals to protect their sensitive information. But what skills make a cybersecurity expert truly stand out? If you’re considering a career in this field or want to improve your expertise, you’re in the right place.

In this blog, we will share the essential skills every cybersecurity expert should master to thrive in this dynamic industry.

1.     A Strong Foundation in Networking

Networking knowledge is at the core of cybersecurity expertise. Understanding how data flows across networks helps identify vulnerabilities and prevent attacks. Cybersecurity professionals must know how to configure firewalls, analyze traffic, and troubleshoot network issues.

Additionally, having a deep understanding of protocols like TCP/IP, DNS, and VPNs is essential. When you understand how these systems work, you can better predict how attackers might exploit them. By mastering networking, you’ll be well-equipped to secure systems against breaches.

2.     Expertise in System Administration

Managing and securing systems is a key responsibility for cybersecurity experts. Knowing how operating systems like Windows, Linux, and macOS function is vital. These systems have unique security challenges, and understanding their structure can help you defend against attacks.

For those looking to advance in the field, pursuing higher education, such as a masters in cyber security online, can enhance your knowledge. It offers flexibility for working professionals while diving into advanced topics like system hardening and endpoint protection. Combining this knowledge with practical experience creates a robust skill set.

3.     Proficiency in Ethical Hacking

Ethical hacking, often referred to as penetration testing, is a crucial skill. It allows cybersecurity experts to think like attackers and identify weaknesses before they can be exploited. Learning ethical hacking techniques helps professionals simulate real-world scenarios to uncover vulnerabilities.

This skill involves using tools like Metasploit, Nmap, and Wireshark. These tools allow you to test systems for weak spots and develop strategies to fix them. Ethical hacking is more than just a technical skill; it’s about adopting a mindset that prioritizes proactive security measures.

4.     Knowledge of Threat Intelligence

Understanding the latest cyber threats is critical for staying ahead of attackers. Threat intelligence involves gathering and analyzing data about potential risks to make informed decisions. Cybersecurity experts must stay updated on emerging trends, attack methods, and vulnerabilities.

Threat intelligence also involves collaborating with peers in the industry. Sharing insights and resources helps professionals stay ahead of cybercriminals. Developing this skill enables you to anticipate threats and implement defenses effectively, safeguarding systems against evolving risks.

5.     Strong Problem-Solving Abilities

Cybersecurity often involves solving complex problems under pressure. Attacks can happen anytime, and quick thinking is required to respond effectively. Cybersecurity experts must be able to analyze situations, identify the root cause of issues, and implement solutions.

Problem-solving skills go beyond technical knowledge. They involve critical thinking, creativity, and the ability to communicate solutions to others. Whether working in a team or independently, solving problems efficiently is a hallmark of a skilled cybersecurity professional.

6.     Familiarity with Security Frameworks and Standards

Security frameworks provide a structured approach to protecting systems and data. Frameworks like NIST, ISO 27001, and CIS Controls guide professionals in implementing best practices. These frameworks standardize processes, making it easier to manage security.

Cybersecurity experts should also understand compliance requirements, such as GDPR and HIPAA, depending on the industry. Familiarity with these standards ensures organizations meet legal obligations while maintaining high security. This knowledge is essential for building trust and credibility in the field.

7.     Proficiency in Programming

Programming skills are invaluable for cybersecurity experts. They enable professionals to analyze code, identify vulnerabilities, and create custom tools for specific tasks. Languages like Python, Java, and C++ are particularly useful in cybersecurity.

Beyond writing code, understanding how software works is critical. This includes knowledge of application development, databases, and web technologies. With these skills, you can analyze threats targeting applications and design solutions to mitigate them effectively.

8.     Communication and Collaboration Skills

Technical skills are essential, but strong communication is equally important. Cybersecurity experts often work in teams and need to explain technical concepts to non-technical stakeholders. Being able to present information clearly and concisely builds trust and ensures everyone understands the risks and solutions.

Collaboration is also vital in this field. Cybersecurity requires input from different departments, such as IT, legal, and management. Building relationships and working effectively with others ensures a comprehensive approach to security, creating a safer environment for everyone.

9.     Understanding Incident Response

Incident response is a critical skill for cybersecurity experts. When a breach or attack occurs, quick and effective action is necessary to minimize damage. Developing an incident response plan ensures you’re prepared to detect, contain, and recover from security incidents.

This skill also includes conducting post-incident analyses to learn from past events. By understanding what went wrong and how to prevent similar incidents, you can strengthen security measures and improve organizational resilience.

10. Advanced Knowledge of Cloud Security

As more organizations adopt cloud-based solutions, expertise in cloud security has become essential. Cybersecurity experts must understand how to secure cloud environments, including protecting data, applications, and workloads.

This skill involves managing access controls, monitoring for suspicious activity, and ensuring compliance with cloud security standards. With the rise of hybrid and multi-cloud environments, mastering cloud security positions you as a valuable asset in the industry.

In conclusion, mastering these skills can set you apart as a cybersecurity expert. This field demands a combination of technical knowledge, critical thinking, and effective communication. Whether you’re just starting your journey or looking to refine your expertise, focusing on these areas can help you excel. Cybersecurity isn’t just about protecting systems; it’s about staying adaptable in an ever-changing environment. As you build your skills, remember that learning is a lifelong process. Staying curious and proactive will help you make a meaningful impact in this essential field.

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Mandatory Digital Resilience: Understanding the Impact of DORA https://www.fintechnews.org/mandatory-digital-resilience-understanding-the-impact-of-dora/ https://www.fintechnews.org/mandatory-digital-resilience-understanding-the-impact-of-dora/#respond Thu, 16 Jan 2025 05:20:56 +0000 https://www.fintechnews.org/?p=36846 Digital resilience is finally becoming recognized for the importance it deserves. The idea refers to the capacity of an organization to maintain essential operations during disruptions – which we can think of as worst-case scenarios like cyberattacks or even natural disasters. The Digital Operational Resilience Act (DORA), is not a suggestion. It is mandatory. It’s […]

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Digital resilience is finally becoming recognized for the importance it deserves. The idea refers to the capacity of an organization to maintain essential operations during disruptions – which we can think of as worst-case scenarios like cyberattacks or even natural disasters.

The Digital Operational Resilience Act (DORA), is not a suggestion. It is mandatory. It’s a new EU regulation designed to reinforce the digital backbone of the financial sector and ensure stability.

Although many firms may roll their eyes at more red tape and hoop-jumping, DORA is important. It’s looking to standardize how financial firms manage digital risk across the bloc, and with cyber threats escalating, operational disruptions are actually more frequent.

Key Pillars of the Digital Operational Resilience Act (DORA)

DORA rests on a few key pillars.

ICT Risk Management

First, comprehensive ICT risk management is priority mandatory. Organizations must identify, assess and then mitigate all ICT-related risks. Clear lines of responsibility are essential.

Incident Reporting

Second, incident reporting is needed. ICT incidents must be reported to authorities promptly and a structured response protocol is required.

Resilience Testing

Third, DORA mandates digital operational resilience testing. This includes vulnerability assessments penetration testing and scenario analysis – companies like Tarlogic help to find system weaknesses.

Third Party Risk

Fourth, third-party risk management is heavily emphasized. Financial institutions are now required to perform due diligence on ICT service providers. Robust contracts and constant oversight are needed too.

Information Sharing

Finally DORA encourages information sharing. This allows for collaborative threat intelligence exchanges strengthening collective defenses.

Who is Impacted by DORA?

DORA directly affects regulated financial entities, and it has increase the demand for banking cybersecurity solutions. Banks insurance firms, investment companies and payment service providers are all in scope. But its reach is actually far broader than that, with third-party ICT service providers being included, as stated above. These are the essential technology partners that financial firms depend on. So, any organization supporting the financial ecosystem will feel DORA’s impact.

Supply Chain Impact

Even smaller companies offering cloud solutions or cybersecurity services are affected, with the intention to create a ripple effect – many businesses need to be aware of and understand the legislation as DORA’s influence is wider than some might assume.

What Must Organizations Do?

Frameworks and Reporting

A key implication is to begin establishing a strong risk management frameworks, with a focus on risk identification mitigation and clear accountability, along with an incident response processes. Regulators must be informed promptly of any significant cyber incident.

Testing and Due Diligence

Resilience testing will require frequent and thorough testing of systems and processes, with robust third-party management due diligence and continuous oversight is also vital. Remember,  contracts must clearly define responsibilities.

Organizational Culture

It’s important not to overlook the size of these implications, and the likely need for a culture change. Digital resilience awareness needs to be embedded at all levels of a business, achieved through training and awareness programs.

Implementing DORA isn’t without challenges, and investment will be needed. Smaller institutions may struggle with the resources, though they can often have an adaptive potential for fast change. Outside assistance is likely needed for both small and large firms, and adjacent industries need to take note – because they may be next.

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dLocal announces expansion of offering to UK merchants with new Authorised Payment Institution License and partnership with International Chamber of Commerce UK https://www.fintechnews.org/dlocal-announces-expansion-of-offering-to-uk-merchants-with-new-authorised-payment-institution-license-and-partnership-with-international-chamber-of-commerce-uk/ https://www.fintechnews.org/dlocal-announces-expansion-of-offering-to-uk-merchants-with-new-authorised-payment-institution-license-and-partnership-with-international-chamber-of-commerce-uk/#respond Sat, 11 Jan 2025 07:31:53 +0000 https://www.fintechnews.org/?p=37013 MONTEVIDEO, Uruguay, January 7th, 2025 — dLocal, the leading payment platform connecting global merchants to emerging markets, today announced that it has been granted the Authorised Payment Institution license from the Financial Conduct Authority (FCA) in the United Kingdom. This milestone positions dLocal to offer regulated payment services in the UK, bolstering its commitment to […]

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MONTEVIDEO, Uruguay, January 7th, 2025 — dLocal, the leading payment platform connecting global merchants to emerging markets, today announced that it has been granted the Authorised Payment Institution license from the Financial Conduct Authority (FCA) in the United Kingdom. This milestone positions dLocal to offer regulated payment services in the UK, bolstering its commitment to global compliance and expanding its service offerings for UK-based merchants.
This license enables dLocal to offer a comprehensive suite of regulated payment solutions to UK-based merchants, including seamless pay-ins and payouts, cross-border transactions, and advanced fraud controls. Merchants can now confidently expand their international reach with dLocal’s localized payment solutions, which include more than 900 alternative payment methods (APMs) tailored to consumer preferences in emerging markets, where international cards account for only 20% of transactions.
“Our new Authorised Payment Institution license goes beyond regulatory compliance—it enables us to empower UK-based merchants with access to the vast opportunities in high-growth markets across Africa, Asia, and Latin America,” said John O’Brien, Chief Revenue Officer and Managing Director UK at dLocal. “With this license, we are well-positioned to continue our strong relationships with existing customers and welcome new clients seeking pay-in and pay-out solutions in more than 40 markets that dLocal serves. Our innovative, secure, and efficient payment solutions are designed to help UK businesses scale globally and thrive in dynamic, emerging economies.”

Additionally, dLocal has been selected by the International Chamber of Commerce UK (ICC) as a partner in their flagship Trade for Prosperity program, supporting British businesses to expand into new markets. This partnership, along with the Authorised Payment Institution license, underscores dLocal’s market-leading ability to support British businesses to navigate the complexity of payments in emerging markets. Our services enhance the global reach of British business, especially those with an interest in high-growth Commonwealth markets across Africa, Asia and the Middle East.

As a NASDAQ-listed company, dLocal has long been committed to compliance leadership. With existing licenses in major jurisdictions, including the European Union, and over 30 regulatory licenses permissions and registrations across Africa, Asia, the Middle East, and LATAM, dLocal consistently adheres to the highest international standards in regulatory compliance. The company has built strong partnerships with governments globally, ensuring that it operates securely and in full compliance with local laws.

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Introducing Centiwise: Your Gateway to Simplified African Payments! https://www.fintechnews.org/introducing-centiwise-your-gateway-to-simplified-african-payments/ https://www.fintechnews.org/introducing-centiwise-your-gateway-to-simplified-african-payments/#respond Thu, 09 Jan 2025 16:20:12 +0000 https://www.fintechnews.org/?p=36975 Hey there, business trailblazers! ✨ Are you ready to take your business to the next level? Say hello to Centiwise, the ultimate payment gateway that’s shaking things up in Africa! We are not just another payment solution; we’re your new best friend in the world of transactions. Let’s dive into what makes Centiwise the game-changer […]

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Hey there, business trailblazers! ✨

Are you ready to take your business to the next level? Say hello to Centiwise, the ultimate payment gateway that’s shaking things up in Africa! We are not just another payment solution; we’re your new best friend in the world of transactions. Let’s dive into what makes Centiwise the game-changer you’ve been waiting for.

Why Centiwise?

Alternative Payment Methods (APMs): We know that one size doesn’t fit all, especially in a diverse continent like Africa. That’s why Centiwise offers a variety of APMs tailored to your customers’ needs. From mobile money to bank transfers. Your customers can pay the way they want, and you get paid faster. Win-win!

Disbursement/ Payout Solutions: Managing payouts can be a headache, but not with Centiwise. Our disbursement solutions are designed to make your life easier. Whether you’re paying suppliers, employees, or partners, our seamless system ensures that everyone gets their money on time, every time. No more stress, just smooth sailing.

What Makes Us Different?

  1. User-Friendly Interface: Our platform is as easy to use as your favorite social media app. No complicated jargon, just straightforward, intuitive design.
  2. Security First: We take security seriously. With top-notch encryption and fraud detection, your transactions are safe with us.
  3. 24/7 Support: Our support team is always here to help, no matter the time zone.

Join the Centiwise Revolution!

Ready to transform your business? Join the thousands of businesses across Africa and the globe that are already reaping the benefits of Centiwise. It’s time to say goodbye to payment hassles and hello to a brighter, more efficient future.

So, what are you waiting for? Let’s make payments fun, flexible, and fabulous with Centiwise!

For more information, visit our website or contact our friendly Business team on bizdev@centiwise.com.

Centiwise – From Africa to the World!

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Gaming needs tokenization https://www.fintechnews.org/gaming-needs-tokenization/ https://www.fintechnews.org/gaming-needs-tokenization/#respond Thu, 09 Jan 2025 14:22:43 +0000 https://www.fintechnews.org/?p=34167 If we get it right, the future of gaming will be a more open, collaborative and rewarding space for all By ALUN EVANS Imagine spending countless hours upgrading your race car in your favorite game, fine-tuning every detail and unlocking new features as you play to make it both beautiful and blazingly fast…only to lose […]

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If we get it right, the future of gaming will be a more open, collaborative and rewarding space for all

Imagine spending countless hours upgrading your race car in your favorite game, fine-tuning every detail and unlocking new features as you play to make it both beautiful and blazingly fast…only to lose it forever when you stop playing the game.
What if you could truly own and monetize your in-game creations? Enter the world of tokenized user-generated content (UGC).
Throughout history, humans have prized self-expression and individuality. And in the gaming sphere, this desire has reached new heights with the rise of UGC. Games like Roblox and Minecraft — which average hundreds of millions of players monthly — have revolutionized the industry by empowering players to create worlds, characters, and experiences.
Yet, one key aspect is missing in the majority of these types of games: true ownership.
While players can create and share content, they have little control over how it’s used or monetized. They spend hours making worlds and upgrading in-game items that add massive value for a studio, driving player retention and enjoyment, without benefiting from the rewards.
Think about it. The average Fortnite player spends a whopping ten hours a week playing, and some of the most popular builds in the game are player-created. Epic Games (its creator) is directly benefiting from the time these players put into playing and building in the game.
How can we address this challenge and empower players with real ownership and fairer rewards for their creations?
Tokenization offers a transformative solution.
By representing in-game assets as unique non-fungible tokens (NFTs) on the blockchain, players can assert ownership rights and track their creations’ provenance securely. Smart contracts can automate royalty payments, ensuring fair compensation for player contributions.
To demonstrate this further, imagine if my daughter’s Lego car creation was tokenized. By creating a digital token or NFT of the car, she can formally certify it as her own and earn rewards when it’s traded. She could even receive royalties if someone used her car in their own game. Tokenization makes this possible in the digital realm.

The billion-dollar opportunity

Deloitte predicts that UGC gaming platforms will pay out nearly $1.5 billion to content developers in 2024. But to realize tokenized UGC’s full potential, we must address negative perceptions surrounding blockchain technology in gaming.
To begin, we need to address the user experience issue. Many early blockchain games suffered from clunky interfaces, complicated wallet setups and a lack of intuitive design. Layer this with exploitative microtransactions (think Axie Infinity), and it’s no surprise mainstream gamers were left wary.
Imagine a gamer having to manually manage private keys or decipher cryptographic hash functions just to play. That’s a surefire way to deter adoption.
Instead, the focus should be on creating immersive worlds where the blockchain functions invisibly in the background, enabling ownership and monetization without compromising the gaming experience.
The NFT market has also been prone to wild speculation, with some assets selling for eye-popping sums while others go to zero. While this has generated buzz, it has also led to concerns about market stability and the potential for bubble-like behavior.
For tokenized UGC to gain mainstream acceptance, it’s crucial to foster a more stable, sustainable market driven by the inherent utility and value of the assets rather than mere speculation. This means designing in-game economies with balanced incentives, sinks and faucets to ensure long-term viability. By shifting the focus from speculation to utility, we can build trust and stability in the market.
As more games embrace tokenized UGC, blockchain networks will need to handle a massive influx of transactions. If the infrastructure can’t scale to meet demand, we risk congestion, high fees and a degraded gaming experience.
We want to avoid another Crypto Kitties-style Ethereum network breakdown. To prevent this, developers must choose scalable blockchain architectures that can grow with their player base. This may involve using layer-1 solutions that can bridgelessly connect to other blockchains, sharding or other techniques to increase throughput without sacrificing decentralization or security. It’s also crucial to optimize smart contracts and game logic to minimize unnecessary transactions and reduce the load on the network.
One of the most important prospects of tokenized gaming is the ability for a users’ in-game assets to move seamlessly between different game worlds. Imagine being able to take your hard-earned sword from one game and use it in another, or having your spaceship navigate through various universes. This level of interoperability would unlock incredible possibilities for player expression and engagement.

The road to mainstream adoption

Achieving this vision requires overcoming significant technical and coordination challenges. Different games may use different blockchain networks, token standards and data models. Bridging these gaps requires robust cross-chain communication protocols and standardized metadata formats.
It will take a concerted effort from developers, players and the wider blockchain community. But if we get it right, the future of gaming will be a more open, collaborative and rewarding space for all.
And we’re on the right track. Over the past two decades, the UGC gaming landscape has undergone rapid transformation, with what once seemed improbable now on the brink of becoming commonplace, thanks to the integration of blockchain technology.
Tokenization is the catalyst for creating this billion-dollar gamer-driven economy, where players have unprecedented control over their creations.
The ownership revolution is here; it’s up to us to seize it.

 

Link: https://blockworks.co/news/gaming-needs-tokenization?utm_source=pocket_saves

Source: https://blockworks.co

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STICPAY extends money transfer service to over 100 countries https://www.fintechnews.org/sticpay-extends-money-transfer-service-to-over-100-countries/ https://www.fintechnews.org/sticpay-extends-money-transfer-service-to-over-100-countries/#respond Wed, 08 Jan 2025 16:58:50 +0000 https://www.fintechnews.org/?p=36951 STICPAY, a leading global e-wallet service provider and payment gateway, today announces a major increase in the number of countries and currencies it offers money transfers to as it aims to meet the growing demand for cross-border payments. Its enhanced transfer service offers faster, more transparent and more convenient payments in 150-plus currencies, giving users […]

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STICPAY, a leading global e-wallet service provider and payment gateway, today announces a major increase in the number of countries and currencies it offers money transfers to as it aims to meet the growing demand for cross-border payments.
Its enhanced transfer service offers faster, more transparent and more convenient payments in 150-plus currencies, giving users the option to send and receive funds to bank accounts, via digital and mobile wallets and in cash. The platform also enables trackable payments and gives additional visibility on fees and estimated delivery times.
STICPAY will offer the new features to both its individual and corporate clients. Its global network reaches more than 1 million consumers worldwide, spread across over 160 countries.
STICPAY is also widely used by businesses and merchants that sell their services globally, with more than 5,000 businesses connected on the STICPAY e-wallet platform.
The new STICPAY features come at a time when cross-border transactions are increasing rapidly, with FXC Intelligence estimates putting the consumer-to-consumer market size at US$1.8 trillion in 2023. While consumer-initiated cross-border payments are expected to continue to be significantly lower than B2B transactions, they are predicted to grow more rapidly. FXC Intelligence predicts the size of this market will grow by 80% by 2030 to US$3.3 trillion.
Sean Park, CEO at STICPAY, said:
“We’re extremely excited to be expanding our offering as both our consumer and business customer bases continue to grow. We are always striving to enhance our offerings and provide users with greater transparency, ease of use and security. These enhancements, in turn, help us with our core mission of expanding access to financial services to an increasing number of people and countries across the globe.”

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Zivver Report Reveals Critical Challenges in Email Security for 2025 https://www.fintechnews.org/zivver-report-reveals-critical-challenges-in-email-security-for-2025/ https://www.fintechnews.org/zivver-report-reveals-critical-challenges-in-email-security-for-2025/#respond Wed, 08 Jan 2025 07:21:09 +0000 https://www.fintechnews.org/?p=36948 7th January 2025 – Zivver, a leader in secure communications, has published its latest report, shedding light on critical gaps in email security practices and their alignment with increasing regulatory requirements. The findings from Email Security Trends 2025: The Widening Disconnect Between Email Security and Risk Management highlight the often-overlooked threats in email security, and the scrutiny of regulatory demands on […]

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7th January 2025 – Zivver, a leader in secure communications, has published its latest report, shedding light on critical gaps in email security practices and their alignment with increasing regulatory requirements. The findings from Email Security Trends 2025: The Widening Disconnect Between Email Security and Risk Management highlight the often-overlooked threats in email security, and the scrutiny of regulatory demands on organisations.

Landmark directives such as NIS2, DORA, and GDPR demand rigorous risk management, information classification, and data leak prevention, with email firmly in the compliance spotlight. Email is a cornerstone of business communication, with 93% of employees ranking it as “important” or “very important” for their daily work. Yet, as the sophistication of cyber threats increases and compliance requirements evolve, the risks tied to email usage have become a pressing concern for organisations worldwide.

According to the report, which surveyed 400 IT decision-makers and 2,000 employees across the US, UK, Netherlands, France, Germany, and Belgium, over two-thirds of IT leaders report that vendors are not innovating quickly enough to address emerging risks, and 60% of employees admit to using workarounds to bypass email security policies. Additionally, only 24% of IT leaders feel their security spending is very well-aligned with actual risks, leaving organisations vulnerable to both inbound and outbound threats.

Other key findings from the report include:

  1. While 47% of IT leaders prioritise phishing and inbound threats, two-thirds admit that outbound email mistakes—such as misaddressed emails or improper encryption—cause more significant data losses.
  2. Over 50% of employees admit to email-related mistakes every few months, and 60% report using workarounds to bypass policies, indicating a need for better tools and training.
  3. While 73% of employees are aware of the security policies pertaining to email, only 52% adhere to them.
  4. Only 34% of email incidents are formally reported, leaving IT teams unaware of the full scope of security breaches.
  5. 54% of employees say they are more likely to make email mistakes when they are busy or overwhelmed, highlighting the need for supportive tools.

Rick Goud, Co-Founder and CIO at of Zivver said: “Compliance requirements today demand that organisations take a comprehensive view of email security, integrating robust solutions that address both inbound and outbound risks. By embedding security measures into existing workflows and ensuring they align with evolving regulations, businesses can create a safer and more compliant environment for employees. This report offers actionable insights to help organisations align their security measures with today’s challenges while maintaining the trust and productivity that email enables.”

To read the full report you can download a copy here.

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Breinrock: A Human-Centered Approach to Global Payments https://www.fintechnews.org/breinrock-a-human-centered-approach-to-global-payments/ https://www.fintechnews.org/breinrock-a-human-centered-approach-to-global-payments/#respond Tue, 07 Jan 2025 05:01:08 +0000 https://www.fintechnews.org/?p=36873 As businesses seek more agile financial solutions, Breinrock has emerged as a distinctive force in the global payments landscape. By combining cutting-edge technology with dedicated local support, the company has established itself as a crucial player in facilitating seamless cross-border transactions across major financial hubs. Global Reach, Local Touch Since its inception, Breinrock has rapidly […]

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As businesses seek more agile financial solutions, Breinrock has emerged as a distinctive force in the global payments landscape. By combining cutting-edge technology with dedicated local support, the company has established itself as a crucial player in facilitating seamless cross-border transactions across major financial hubs.

Global Reach, Local Touch

Since its inception, Breinrock has rapidly expanded its operational footprint, securing licenses in strategic markets including the European Union, United Kingdom, Canada, and the UAE. This extensive regulatory framework underpins the company’s ability to offer sophisticated payment solutions across 40 currencies, executing transactions within minutes while maintaining comprehensive human support.

“Our team members are highly qualified and trained to provide prompt, efficient, and confidential service,” explains Founder and CEO Zoran Radovanovic. “Through sophisticated payment products powered by the latest technology, we ensure accurate responses to client needs while maintaining the personal touch that complex financial transactions often require.”

Market Recognition

The company’s unique value proposition lies in its ability to provide local payment routes across major global markets—including the EU, UK, Canada, UAE. This strategic growth is supported by established physical offices in Toronto, London, Prague, Limassol, and Dubai, ensuring consistent service delivery across multiple time zones. The company has successfully built a robust international presence, demonstrating its commitment to providing comprehensive financial services in diverse markets.

By maintaining physical offices in these key locations, the organization leverages local expertise and infrastructure to deliver tailored payment solutions that meet the specific needs of each regional market. This approach allows for more efficient, localized financial services that go beyond traditional cross-border payment methods.

Technology-Driven, Human-Centered Approach

What sets Breinrock apart is its dual focus on technological advancement and personalized service. The platform leverages sophisticated data analytics for market trend analysis and fraud detection while maintaining a strong emphasis on human interaction through local support teams.

Over the years, Breinrock has proved a distinct ability to absorb market needs and mirror it into innovative, bespoke solutions that truly serve our clients’ evolving demands.” Radovanovic notes. “This paired with advanced technological capabilities allows us to make the impossible possible in cross-border payments.”

Compliance and Seamless Onboarding

At the forefront of Breinrock’s service excellence is a highly trained onboarding and compliance team that leverages advanced automated systems. This hybrid approach combines human expertise with technological efficiency to ensure thorough yet swift client onboarding while maintaining the highest standards of regulatory compliance. The team’s sophisticated screening tools and automated verification processes help protect clients from financial risks while streamlining their journey from initial contact to active account status.

Looking Ahead

As the financial services landscape continues to evolve, Breinrock stands ready to shape the future of global payments. By maintaining its focus on technological innovation while preserving the human element of banking, the company is well-positioned to meet the complex needs of modern businesses operating in an increasingly interconnected world.

For organizations seeking a banking partner that combines technological efficiency with personalized service, Breinrock offers a compelling solution. The company’s commitment to providing tailored, secure, and efficient financial services, supported by local expertise across major markets, makes it a standout choice for businesses navigating the complexities of global finance.

For more information about Breinrock’s payment solutions, contact their team at welcome@breinrock.com or register on their website.

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