Japan approves bill to develop 5G, drone technologies

On Tuesday, Japan’s cabinet approved a bill to support companies to develop secure 5G mobile networks and drone technologies midst a growing alarm from Tokyo policymakers over Chinese influence over the said technologies. The bill aims to provide companies, who want to develop the technologies, funds which will attract low-interest rate from government-affiliated financial institutions…

Consortium of companies led by Citigroup, DTCC and Zurich Insurance Group AG to develop cyber security standards for fintechs

The development is to be seen within the context of the SEC calling for improved clarity on cyber risk disclosures and adopt specific policies restricting executive trading in shares especially during an on-going investigation of a hack. On Tuesday, the Financial Times reported that a consortium led by Citigroup Inc, Depository Trust & Clearing Corp…