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Goldman Gets Green Light To Operate Bank In South Africa

PYMNTS

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. Africa’s working-age population is anticipated to go up to nearly one billion by 2030, up from 705 million in 2018, according to the African Development Bank.

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The Scary Success Rate Of Corporate Cyberattacks

PYMNTS

But cyberattacks cost these firms $2 trillion in damages, with researchers forecasting that figure to spike up to $90 trillion by 2030 if businesses don’t change the way they protect corporate data. The vast majority of breaches are reported by employees outside the firm’s security team, researchers added.

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Goldman Joins South Africa’s Johannesburg Stock Exchange

PYMNTS

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. Africa’s working-age population is anticipated to go up to nearly one billion by 2030, up from 705 million in 2018, according to the African Development Bank.

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TRENDING: Why Grocery Stores Want Autonomous Vehicle Delivery

PYMNTS

Investment in Intelligence of Things (IoT) is expected to surge in the coming years, with companies projected to increase spending on the design, creation and operation of IoT solutions from $186.1 Recently, the National Institute of Standards and Technology drafted a report advising federal agencies on IoT security. billion by 2023.

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Bahrain Development Bank Selects TCS BaNCS Global Banking Platform to Speed Up Innovation

Bobsguide

Through focused, innovative products, services, and a redefined operating model, BDB has been stimulating and driving entrepreneurial activity in the country. Furthering the government’s vision of moving operations and infrastructure to the cloud, BDB wanted to host the entire core banking platform on a public cloud.

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Deep Dive: Emerging Response To B2B, P2P Cross-Border Payments Pain

PYMNTS

Recipients are often allowed to collect funds within minutes of payers initiating transactions, but the funds take longer to actually move between money transfer operators (MTOs). The United Nations set a goal for remittance fees to amount to just 3 percent of each transaction’s value by 2030. Remittances from Filipinos totaled $2.8

Payments 102
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Your everything IBM at Sibos guide

Insights on Business

Please join Likhit Wagle, Global Industry General Manager Banking & Financial Markets, Jesse Lund, Global Vice President, IBM Blockchain, and Raj Venkatraman, Director, IBM Global Payment Solutions for an exclusive dinner to kick-off Sibos 2018 Sunday, 21 October 2018 at 7:00 pm at Doltone House Jones Bay Wharf, Sydney. Financial Risk.