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Report: Using Malware, Hackers Steal Millions From Banks
Putting in place a sophisticated digital racket, hackers were able to steal millions of dollars from up to 100 banks in what the Russian cybersecurity company Kaspersky Lab is calling "the most successful criminal cyber campaign we have ever seen."
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- Technology
- Tags
- cybersecurity
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Press Release: Moven Founder Brett King Appointed to Center for Financial Services Innovation Board of Directors
Moven, the first app and debit card to provide real-time behavioral feedback to help users change their spending habits and save more, announced today the appointment of Founder and CEO Brett King to the Board of Directors of the prestigious Center for Financial Services Innovation (CFSI).
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- Technology
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Kenya’s Mobile Money Use Swells to a Record $50,000 per Minute, $26.1 Billion Annually in 2014
Kenya's 2014 mobile money use surged to a record 26.1 billion U.S. dollars, an increase of about 4 billion dollars from previous year.
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- Technology
- Region
- Sub-Saharan Africa
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Nandan Nilekani Plans Tech Project ‘Ek Step’ to Hone Children’s Basic Skills
Infosys co-founder and billionaire Nandan Nilekani, who spearheaded the country's massive unique identification project, is gearing up for an equally ambitious project - to help elementary school children across the country improve their reading and arithmetic skills using low-end tablets and smartphones.
- Categories
- Education, Technology
- Region
- South Asia
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DAI, Souktel, and MFO Launch Mobile Financial Education Services with Facebook’s Internet.org
In low-income countries, good information about personal budgeting and saving is hard to find. Many people have limited schooling and little familiarity with financial institutions. Financial education efforts at the local level—often constrained by inadequate staff resources and transportation challenges—tend to be one-time events accessible only to a small slice of the population. Getting the information you need at the moment you need it is nearly impossible.
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- Education, Technology
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This App Wants You to Borrow Money From Friends, Not Banks
Long ago, your parents probably gave you some advice: never borrow money from a friend. More importantly: never let your friends borrow from you. If the movies have taught us anything, it’s that mixing money and friendship rarely ends in anything other than blood and tears.
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- Technology
- Tags
- lending
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Another Inconvenient Truth: Vice Pays
The politically correct and socially sustainable is, though certainly laudable, not particularly profitable. Investors shunning sin stocks manage portfolios that are, on average, significantly less profitable than those possessed by shareholders without similar scruples.
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- Technology
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Investing in Airtime: How an unlikely financial innovation is promoting economic security for girls in South Africa
Only 37 percent of women In the developing world have bank accounts, yet research has shown that poor women are inherent savers. Stellar has created an open source payments platform that’s being used to provide a mobile wallet in South Africa focused on promoting savings among girls. The wallet has a unique feature: along with cash deposits, it lets users deposit mobile airtime, and withdraw it later as cash.
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- Technology