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Banks Embrace Tech to Navigate Economic and Cyber Challenges, ISG Highlights

Banks Embrace Tech to Navigate Economic and Cyber Challenges, ISG Highlights

Global banking and financial services (BFS) firms are increasingly leveraging technology to improve customer experience and navigate the tumultuous landscape, according to a report by Information Services Group. The ISG TechXchange event in Paris will explore how BFS institutions can use data, automation, and AI to differentiate themselves in a saturated market. The event will feature prominent BFS leaders discussing the future of banking, emerging tech platforms, and the potential of the metaverse.

German Banks Authorized for Crypto Custody and Sales in 2020

German Banks Authorized for Crypto Custody and Sales in 2020

In 2020, German banks will be legislatively authorized to sell and provide custody of cryptocurrencies as reported by German newspaper Handelsblatt.

EU’s Latest Coronavirus Recovery Deal: What’s Wrong with Fiat and What’s Right with Crypto

EU’s Latest Coronavirus Recovery Deal: What’s Wrong with Fiat and What’s Right with Crypto

The recovery fund spearheaded by the EU is made up of €390 billion in grants and €360 billion in loans, which will be added to a new Multiannual Financial Framework (MFF), with the sum of €1.074 trillion as a seven-year budget. The heads of state and government have reached a unanimous agreement, resulting in a total financial package of €1.82 trillion.

40 German Banks Are Seeking Regulatory Approval to Offer Bitcoin Custody

40 German Banks Are Seeking Regulatory Approval to Offer Bitcoin Custody

Many German banks have filed a request to introduce a digital asset custody business. Germany’s Federal Financial Supervisory Authority, popularly identified as BaFin, has received over 40 applications from German banks interested in offering crypto custody services.

CoinShares Lists Chainlink, Uniswap ETPs on Germany’s Stock Market Xetra

CoinShares Lists Chainlink, Uniswap ETPs on Germany’s Stock Market Xetra

CoinShares has launched new physically-backed exchange-traded products (ETPs) for Chainlink and Uniswap cryptocurrencies.

German Finance Minister Calls for Speedy Interventions in the Rollout of a Digital Euro

German Finance Minister Calls for Speedy Interventions in the Rollout of a Digital Euro

German Finance Minister, Olaf Scholz, sees the digital euro as an ideal innovation to meet the high demand for digital money from businesses and consumers in Europe.

44% of Germans Optimizes Crypto for the Future of Finance, Study Shows

44% of Germans Optimizes Crypto for the Future of Finance, Study Shows

Given that Germany is the first nation to recognize Bitcoin as a unit of value, 44% of respondents in the country view crypto as part of the future of finance, according to a study by crypto exchange KuCoin.

Bitcoin Group Rumoured to be Engaging in Mulitple Takeover Negotiations

Bitcoin Group Rumoured to be Engaging in Mulitple Takeover Negotiations

Bitcoin Group SE is rumoured to have been engaging in takeover negotiations with several potential companies that are involved in deposit-taking or credit institutions from Germany.

German Authority Cautions Of New Banking And Crypto Malware "Godfather"

German Authority Cautions Of New Banking And Crypto Malware "Godfather"

On Jan. 9, Germany's Federal Financial Supervisory Authority (BaFin) issued a warning about Godfather, a spyware that steals user data from banking and crypto applications. The agency has yet to ascertain how the virus assaults consumers' devices. In December, reports indicated that Godfather was targeting Android users in 16 countries.

German Legacy Bank Hauck & Aufhäuser to Debut Crypto Investment Fund in 2021

German Legacy Bank Hauck & Aufhäuser to Debut Crypto Investment Fund in 2021

Germany’s legacy bank with over 222 years of financial services tradition Hauck & Aufhauser will be launching a cryptocurrency fund in January 2021.

German Sparkasse-Savings Banks to Launch Bitcoin and Ethereum Services

German Sparkasse-Savings Banks to Launch Bitcoin and Ethereum Services

A group of about 370 savings banks in Germany, collectively known as Sparkasse, are working on plans to launch services bothering around Bitcoin (BTC) and Ethereum (ETH) as early as the coming year 2022.

Scammers Target Australians in Cryptocurrency Call Center Scheme

Scammers Target Australians in Cryptocurrency Call Center Scheme

An Israeli-run cryptocurrency fraud targets Australians, according to a raid on Eastern European scam call centers.

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