Morgan Stanley has settled with the US Securities and Exchange Commission (SEC) over claims that the financial services corporation failed to properly protect customer-sensitive data. As part of the settlement, the company will pay $35 million, but will not admit to being guilty, or deny the findings of the SEC. The SEC found Morgan Stanley…
Monthly Archives: September 2022
The Swiss-based company behind Proton VPN have decided to shut off all its servers in India. This comes amid concerns over the new CERT-In regulations about to be enforced. Proton is only the last of the best VPN providers exiting the country to safeguard its customers’ privacy. In June, we saw ExpressVPN’s exit from India,…
The news: India’s mobile bank-to-bank instant payments system, the Unified Payments Interface (UPI), introduced UPI Lite and a credit card integration, per TechCrunch. Read the original article on Business Insider Read More
Josh Reeves, the cofounder and CEO of Gusto. Gusto Gusto, a software firm known for its payroll product, has grown profits alongside its customer base. Insider spoke to a Gusto cofounder and three investors about its winning strategy. This article is part of Enterprise Tech Blueprint, a series exploring the strategies leading-edge companies use to…
Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, U.S., November 28, 2017. Reuters/Joshua Roberts Investors on Thursday were pricing in 1.25 percentage points in additional rate hikes through the rest of the year The pricing suggests the fed…
Russian President Vladimir Putin (L), accompanied by Valery Gerasimov, the chief of the Russian General Staff, oversees the ‘Vostok-2022’ military exercises at the Sergeevskyi training ground outside the city of Ussuriysk on the Russian Far East on September 6, 2022. MIKHAIL KLIMENTYEV/SPUTNIK/AFP via Getty Images Putin’s announced Wednesday plans to draft up to 300,000 reservists…
US, UK, and Canadian insurers are striving to digitize their entire businesses to enhance their customer experience and cut costs. And overall IT/tech spend will begin climbing again from 2020 to 2024 across both insurance lines in all three countries. You can learn more in our Insurance Technology Spend Forecast. Do you work in the…
The news: Digital challenger Zopa Bank and credit marketplace ClearScore partnered to launch the Fintech Pledge, an initiative designed to help UK citizens with their financial lives during the cost of living crisis, per AltFi. Read the original article on Business Insider Read More
JPMorgan Chase CEO Jamie Dimon. Chip Somodevilla/Getty Images JPMorgan Chase CEO Jamie Dimon said Biden’s student-debt relief was “badly done.” He told lawmakers he wished the relief had been further targeted to those who need it most. Democrats have noted this one-time relief is only the first step toward addressing higher education costs. The CEO…
Xinhua/Wang Ying via Getty Images The housing market is in a slump. That’s a good thing, according to Fed Chair Jerome Powell. After years of “red-hot” prices, a correction can help boost home affordability, he added. The Fed is poised to keep raising rates into 2023, meaning the market decline is likely in its early…