The whole risk-off trade and the selloff that is happening in the financial markets is being reflected in the crude market, says the Founder & CEO, Vanda Insights.A whole lot of factors have been playing against crude and protracted demand continue to be one of the key concerns. What would you say looking at the kind of fall that we are seeing overnight?The rout in crude might not yet be done. Whatever expectations one has for the overall global financial markets direction can very much be applied to crude as well. The whole risk-off trade and the selloff that is happening in the financial markets is being reflected in crude and the two will remain converged for the time being. On the vaccine front there has been a major blow overnight as AstraZeneca had to pause its vaccine trials because of some issues with one of the recipients. So overall, the optimism that we have seen in the financial markets in the past several weeks over slow and steady recovery helped by vaccines, helped … [Read more...] about Financial markets and crude prices remain converged for now: Vandana Hari
Review of pacific basin financial markets and policies
The appointment of Injeti Srinivas as the chairman of the International Financial Services Centres Authority this July, just months before market regulator Securities and Exchange Board of India was to get a new chairman, sets the stage for the most interesting tussle. … [Read more...] about Will IFSCA be the boss of India’s financial markets?
India is among the top 10 countries facing cyber-attacks. These incidents have increased manifold during the lockdown period — almost three times increase in cases of phishing, spamming and scanning of ICT systems, particularly of critical information infrastructure. There is significant increase in incidents relating to hacking, injecting malware through spam mails and other forms of exploiting vulnerabilities. There was an almost 56% rise in malicious traffic on internet during the lockdown period also on account of the culture of work from home. This might be just the beginning which suggests even more increased interest in exploiting cyber breaches.A news daily too reported massive “denial of service” attacks on financial institution in the country which, however, could not be verified. The border stand-off has further increased worries about enhanced cyber attacks from China and its close allies. Several advisories have been published by the Indian Computer … [Read more...] about India needs to review its 2013 cyber security policy
NEW DELHI: With digital payments constantly growing, financial service providers need to collaborate with fintech developers to build "resilient front-ends" to safeguard consumer interest in view of rising cyber frauds, a top finance ministry official said on Monday.Speaking at a FICCI event on FinTech, K Rajaraman, Additional Secretary in the Finance Ministry, said an area that "needs to be highlighted is cyber security and fraud prevention. Now that there is an explosion in the use of digital platforms. A lot of the activities of fintech have been focused on how to provide resilient front-ends for the financial services providers".Financial service providers must not hesitate to actually collaborate with fintech (financial technology) innovators for beefing up cyber security and fraud prevention, he said. Citing an example of recent cyber attack on New Zealand's stock market, he said, cyber security should get continuous attention from all stakeholders.Last month, New Zealand's Stock … [Read more...] about Fintech cos need to focus on providing resilient front-ends for financial service providers: Govt
marketing agency, White Digital has launched Canvas, a platform where selected flexible services can be tapped by businesses facing the impact of COVID-19 and beyond.According to the company, Canvas offers a complete range of services from creative, technology, insights to media and being a prepaid service, it bypasses the lengthy processes of proposals and contracts.Inderjit Singh Matharu, founder and director, Canvas, said, “The purpose of launching a distinct service model under Canvas is two pronged - one, to help medium and small businesses in their digital journey by delivering high quality output without necessarily adding to their financial burden, and two - to productize the agency services, allowing businesses to pay-as-they-go and pay-as-used.” He further adds, “I believe that this will allow businesses and marketing teams who either had to let go of their agencies or reduce the scope and contract, to continue their marketing activities without any … [Read more...] about White Digital launches Canvas to provide ala-carte marketing solutions to businesses