Global-finance

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Banking With Kucredit: Make international Transfer today.

KuCredit is positioning itself as a pan-Europe and global challenger bank that champions financial empowerment. The brand identity reflects trust, innovation, and accessibility. Our growth strategy includes partnerships with remittance companies, fintech APIs, educational institutions, and gig platforms. Future roadmap items include physical debit card issuance, crypto wallet integration, merchant solutions, AI-driven financial coaching, and local agent banking in underserved communities. KuCredit also plans to integrate with regulatory sandboxes to expand compliance in new markets. By building a robust ecosystem around user needs, KuCredit is poised to redefine the future of inclusive digital finance.

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Telegram Abandons TON Blockchain

Earlier this month, Telegram Inc. announced that it was abandoning its development of the Telegram Open Network (TON). The move comes after the SEC won a preliminary injunction against Telegram in the Southern District of New York in March that blocked Telegram from launching TON and its native cryptocurrency, the Gram. The Court determined that the SEC had shown that there was a substantial likelihood it could prove that Telegram’s plan to distribute Grams into a secondary market constituted an unregistered securities offering. In a blog post accompanying the announcement, Pavel Durov, the founder of Telegram, acknowledged that the Court’s decision was the reason for TON’s shutdown.

Thoughts on how to limit fraud risks in the APAC region

The cryptocurrency and digital-asset ecosystem in the Asia-Pacific region has seen rapid growth over recent years and is generating opportunities for novel business models, but is also giving rise to various types of fraud. While fraud risk in this sector is being mitigated by service providers such as cryptocurrency exchanges and digital-wallet operators implementing practical safeguards for the protection and monitoring of assets and transactions, and while comprehensive regulatory frameworks are being introduced across the region to address operational risk, fraudulent actors remain able to exploit cybersecurity and control weaknesses.

Basel Committee on Banking Supervision publishes report on implications of open banking

On 19 November 2019, the Basel Committee on Banking Supervision (BCBS) published its report on open banking and its implications for banks and banking supervision. The report builds on the BCBS’ previous findings on open banking and application programming interfaces (APIs) in its 2018 report (“Sound practices on the implications of FinTech developments for banks and bank supervisors”). We highlight findings from the report from a data protection perspective below.

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