Apple acquires UK’s open banking startup Credit Kudos
Credit Kudos, a UK open banking startup that helps lenders make better decisions, has been acquired by US tech giant Apple. The deal closed earlier this week, according to three…
New 20 rupee commemorative coin issued by Sri Lanka
Sri Lanka’s central bank said it has issued a 20 rupee coin commemorating the 150th anniversary of the Faculty of Medicine at the University of Colombo. The first coin was…
Fed increases interest rates by 25 bps and signals more hikes ahead
The Federal Reserve raised interest rates by a quarter percentage point and signaled hikes at all six remaining meetings this year, launching a campaign to tackle the fastest inflation in…
GemVault Fintech Becomes First-ever Sri Lankan Company to be listed on Bitcoin.com
GemVault Fintech (PVT) Ltd., the mother company of GemPay, a cryptocurrency payment gateway and processor has now been listed on Bitcoin.com under Bitcoin Maps. Bitcoin Maps is a leading tool…
Big four consultancy firms to cease operations in Russia and Belarus
The big four consulting firms — Deloitte, KPMG, EY and PwC have announced the withdrawal of operations in Russia and Belarus over Moscow’s invasion of Ukraine. A spokesperson for KPMG…
Coinbase Is Latest Exchange to Deny Ukraine Request to Block Russian Crypto Users
DeCrypt: Coinbase “will not institute a blanket ban on all Coinbase transactions involving Russian addresses,” despite a request from a Ukrainian government official to do so. A spokesperson for the popular…
DhanaMaga – Financial education is just a click away!
Asia Securities champions financial inclusion in Sri Lanka with a free, trilingual, short video-based Financial Literacy initiative First-ever comprehensive private sector initiative to promote Financial Literacy in Sri Lanka Asia…
Central Bank of Sri Lanka Launches the ‘National Remittance Mobile Application’
The Central Bank of Sri Lanka (CBSL) is currently taking steps to increase the inflows of foreign remittances to Sri Lanka as well as encourage the use of formal remittance…
Sri Lanka Publishes Much-Awaited Personal Data Protection Bill in Government Gazette
In a significant milestone, the Government has published the much-awaited Personal Data Protection Bill in the Government Gazette last weekend. The Proposed Act aims to facilitate the growth and innovation…
Sri Lanka’s Cabinet Clears the drafted Private Data Security bill to Present to the Legislature
The Cabinet of Ministers approved the drafted Private Data Security bill to be published in the n the gazette notification and to subsequently submit to the parliament. The Private Data…