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Welcome to Finance, where we focus on bringing you the latest news from the world of finance and economics. We aim to help you stay informed about the latest developments and trends in the financial sector so that you can make informed and effective financial decisions. In this section, you will find reviews, analysis of financial instruments, management tips, and information on the latest developments. We strive to provide you with a full range of knowledge and tools to succeed in the world of finance. Join us to receive up-to-date news and analytics that will help you better understand the financial market, manage your money efficiently and plan for your financial future.
Ukrainian fintech service NovaPay has achieved a significant breakthrough in automating bank transfers by implementing artificial intelligence technologies for processing IBAN payments. The innovative system now processes almost 50% of all transfers, reducing transaction processing time from 153 to 12 seconds. Artificial Intelligence Transforms Bank Transfers Ukrainian fintech service NovaPay, part of the NOVA group, […]
On the evening of June 12, the Moscow Stock Exchange officially announced that trading in dollars and euros had been suspended. This happened after the US Treasury imposed powerful sanctions against the Russian trading platform. Main theses: The National Clearing Center, the National Settlement Depository, and insurance companies Sogaz and RNPK were hit by US […]
This week’s developments on Ukraine’s foreign exchange market have caused concern among banks, financial companies, and individuals. The dollar’s selling rate on the interbank market increased by 64 kopecks, rising from 39.52/39.54 hryvnia on Monday to 40.145/40.18 hryvnia on Friday, May 24. The euro also rose by almost 59 kopecks, reaching 43.5292/43.5953 hryvnia. The rise […]
Permanent Representatives of the European Union member states approved the transfer to Ukraine of the proceeds from taxed excess profits of frozen Russian assets. This was reported on the official website of the Belgian Presidency of the Council of the EU. At the meeting held on May 8, they decided to agree on measures for […]
The National Bank of Ukraine (NBU) has canceled the registration of Elayens, operating under the Fondy brand, as an indirect participant in the international payment systems Visa and MasterCard. This decision was made because the company’s activities posed risks to Ukraine’s national security. The NBU received this information from law enforcement officers in February-April 2024. […]
Python Package Index (PyPI), the world’s largest Python package repository, has stopped registering new accounts and projects again. Cybersecurity experts from Checkmarx and Check Point have detected a large-scale attack in which attackers attempted to upload hundreds of malicious packages to the platform. This tactic, known as “typosquatting,” involves the substitution of malicious versions of […]
Samsung Pay, a mobile payment service, has announced that it will stop working with the Russian payment system Mir. Adding and using cards in the program will be unavailable from April 3. In addition, all previously added Mir cards will be deleted from the program. Paying for public transportation using Samsung Pay will also be […]
Major Chinese banks stopped accepting payments in yuan from Russia and began returning such transactions to customers. According to Ukrinform, this was reported by The Moscow Times with reference to Oleksiy Poroshin, CEO of First Group JSC. According to him, at least eight credit organizations are among those who have refused to make Russian payments: […]
PrivatBank’s website published a message on how Ukrainians can receive large sums of money and what they need to do. So, we are talking about spring payments from Privat24 and Mastercard, namely, cash rewards for paying for services through Privat24 with Mastercard. Please note that the website emphasizes that you must first enter your phone […]
The upper house of the Swiss parliament has supported the government’s proposal to transfer frozen Russian assets to Ukraine, France24 reports. More than $8 billion of the Russian central bank is kept in this country. Twenty-one MPs voted in favor of this proposal, 19 were against, and three abstained. The Lower House passed the bill […]