Hackers selling Chinese customer data related to banking & insurance sector: China’s banking and insurance regulator

On Wednesday, China’s banking and insurance regulator stated, it had detected sales of customer data from the insurance and banking sector by overseas criminals. It did not elaborate or specify how many individuals had been affected. During a briefing, Huang Hong, the vice chairman of the China Banking and Insurance Regulatory Commission said, the data…

Saudi Arabia’s IDB plans on introducing blockchain technology into its Islamic banking products

This development will help open up the banking sector in the Middle East, Asia, and Africa. Already Canadian and Indonesian firms have gained sharia-compliant certification for their banking products. The Islamic Research and Training Institute, the research arm of the Islamic Development Bank (IDB), said it plans on using blockchain technology to develop sharia-compliant banking…