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Half a trillion dollars wiped off Bank stocks as rout continues
It has not been a good week for the global banking community. Starting with Silvergate Bank and ending (so far)...
Mastercard becomes a trusted provider of Digital ID in the UK
Mastercard announced it is now certified under the United Kingdom’s Digital Identity and Attributes Trust Framework (DIATF) as an Digital...
Silicon Valley Bank contagion poses little risk to European banks
As the contagion from the collapse of Silicon Valley Bank (SVB) and Signature Bank rips through the markets, European countries...
CBDC transactions to exceed $213 billion by 2030 globally
A new study has found the value of payments via CBDCs (Central Bank Digital Currencies) will reach $213 billion annually...
From Silvergate to Silicone Valley Bank – what went wrong?
Last week, after Payments Cards & Mobile reported on the failure of Silvergate Bank, an even bigger failure began to...
Silvergate Bank winds up and heads for insolvency
On the 3rd of March Payments Cards & Mobile reported on the dangers of banks betting big on the cryto...
UK financial services sector spending £22k per hour fighting fraud
UK financial services organisations are collectively spending £34.2 billion each year on financial crime compliance (FCC), according to the latest...
Silvergate: Beware banks that bet big on crypto
Silvergate, the small time US lender that bet big on crypto, has announced huge losses and may have to wind...