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Deutsche Bank's plan to shut down its IT operations in Russia
Apr 12,2023
Deutsche Bank plans to shut down its remaining software technology operations in Moscow and St Petersburg as it seeks to end its reliance on Russian IT expertise, according to the Financial Times.  The bank is offering individual severance packa...
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UAE Cabinet approves establishment of Council for Digital Economy
Apr 12,2023
The United Arab Emirates (UAE) cabinet endorsed a new Digital Economy Strategy that is designed to increase the contribution of the sector to the gross domestic product (GDP) by 20% during the next 10 years. The strategy, which includes more than 30 ...
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South Korea fined Google for abusing global market dominance
Apr 11,2023
South Korea fined Google$32 million for blocking the growth of local rival app One Store Co. marketplace, in the latest regulatory challenge. South Korea's Fair Trade Commission (FTC) stated that Google Play's offers to game companies pushed One Stor...
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ORF publishes study on India`s Open Data Initiatives
Apr 10,2023
The Observer Research Foundation (ORF) has published an in-depth study of India`s Data Initiatives. The report named "Towards Evidence-Based Policymaking: India's Open-Data Initiatives" discusses India's progress towards evidence-based policymaking t...
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Burundi implements IMF`s Enhanced General Data Dissemination System
Apr 10,2023
Burundi has implemented the IMF's Enhanced General Data Dissemination System (e-GDDS) and launched the National Summary Data Page to publish essential macroeconomic and financial data. This move demonstrates Burundi's commitment to data transparency ...
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ENISA publishes a market analysis of IoT in Distribution Grid
Apr 08,2023
The European Union Agency for Cybersecurity (ENISA) publishes a market analysis of IoT in the distribution grid. The report analyses the IoT cybersecurity market in distribution grids in the European Union. The report highlights the following conclus...
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Mobile money industry processes a record of US$1 trillion in 2021
Apr 01,2023
GSMA published the tenth annual State of the Industry Report on Mobile Money which examines a decade of growth and explores the transformative effects of mobile money on the financial lives of those who, ten years ago, were left behind. The report re...
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Mobile money and humanitarian assistance: How open APIs enable a fast, low-cost, and secure delivery channel?
Mar 10,2023
The GSMA Inclusive Tech Lab revealed the result of a survey with nearly 100 third-party service providers across 12 industry verticals, which included the humanitarian sector, to understand the challenges of integrating with Mobile Money Providers (M...
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Russian countermeasures affect intellectual property in the tech sector
Mar 06,2023
As a countermeasure to Western tech sanctions over the conflict in Ukraine, the Russian Government has adopted a decree which allows local companies and individuals to use inventions, utility models and industrial designs held by owners from 'unfrien...
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Mobile Money achieved US$55.1bln record performance in 2021 in Kenya
Feb 22,2023
According to the Central Bank of Kenya, mobile money transactions amounted to US$55.1 billion between January and November 2021 with 1.9 trillion transactions on 67.15 million active accounts. This indicates a value of mobile money transactions that ...
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Saudi open-source government software to contribute US$1.3bn to Kingdom's digital economy
Feb 15,2023
The Saudi Digital Government Authority (DGA) governor Ahmed Mohammed Al Suwaiyan announced that the open-source government software is expected to contribute US$1.3 billion to Saudi Arabia's digital economy between 2023 to 2026 which will, in turn, c...
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Indonesia -Financial regulator warns against facilitating sales of crypto assets
Jan 25,2023
The Financial Services Authority (OJK) in Indonesia has warned financial firms not to offer, or facilitate crypto asset trading. As the value of crypto assets fluctuates, OJK warned that people buying them should understand the risks involved. It is ...
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