In response to the ongoing Vladimir-Putin-led Russian invasion of Ukraine, Singapore has announced that it will implement sanctions against the Russian Federation. In a press release made by Singapore’s Ministry of Foreign Affairs, these sanctions and limitations are intended to limit Russia’s ability to wage war against Ukraine and weaken the country’s national sovereignty. To ensure this, Singapore will place sanctions on designated Russian banks, entities, and fund-raising activities. The financial measures also prohibit Singapore’s financial institutions from providing services that might assist Russia’s government in generating extra funds. These measures apply to all financial institutions in Singapore, including banks, finance companies, insurers, capital markets intermediaries, securities exchanges, and payment service providers. The press release said, “For a small state like Singapore, this is not a theoretical principle, but a dangerous precedent. This is why Singapore has strongly condemned Russia’s unprovoked attack on Ukraine.” Since the resolution of the United Nations Security Council to condemn Russia’s aggression against Ukraine was prevented due to Russia’s veto, this is the first time in decades that Singapore would be imposing financial measures on a foreign nation without support from the UNSC. Singapore Blocks Crypto Companies From Helping Russia In addition to blocking financial institutions in Singapore from providing services in Russia, digital payment token service providers are particularly forbidden from supporting transactions that might aid in the circumvention of these financial measures. As defined under the Payment Services Act 2019, cryptocurrencies are commonly referred to as digital payment tokens (DPTs) in Singapore. The sanctions on crypto providers are intended to prevent Russian businesses from using cryptocurrencies to circumvent financial restrictions placed on Russian banks. Russia is still being hammered by international sanctions. Major Russian banks have been barred from using the SWIFT international payments system, while billionaires and officials linked to Vladimir Putin have been subjected to travel restrictions and asset freezes. The central bank of Russia has also been denied access to its $630 billion in foreign reserves.

The post Singapore Imposes Financial Curbs On Russian Banks, Sanctions Crypto Transactions appeared first on Cryptoknowmics-Crypto News and Media Platform.

DUBLIN–(BUSINESS WIRE)–The “RNA Interference (RNAi) Drug Delivery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering. The global RNA interference (RNAi) drug delivery market reached a value of US$ 54.74 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 184.98 Billion by […]

The post Global RNA Interference Drug Delivery Market (2022 to 2027) – Industry Trends, Share, Size, Growth, Opportunity and Forecasts – ResearchAndMarkets.com appeared first on Fintech News.

CONSOB, the Italian government authority that oversees the country's stock exchange and financial services sector, announced on Friday the addition of five new websites to its blacklist.

Despite China’s blanket ban on all crypto-related activities in the country, residents of the country still account for roughly 10% of all global transactions involving digital assets.

The post China still accounts for 10% of Bitcoin transactions appeared first on CryptoSlate.

March 6th sees GAIMIN enter its fifth and most exciting year: GAIMIN’s distributed data processing application which rewards users for participation in the network will be launched in April 2022. GAIMIN’s Minecraft plugin is delivering blockchain and NFT functionality to the Minecraft Metaverse. GAIMIN’s SDK for the Unreal/EPIC platform extends blockchain and NFTs to games…

The post GAIMIN Poised for Significant Growth and Technology Advancement in 2022 appeared first on Bitcoin News Miner.

Cyber criminals and hacktivist groups are increasingly using the Telegram messaging app for their activities, as the Russia-Ukraine conflict enters its eighth day. A new analysis by Israeli cybersecurity company Check Point Research has found that "user volume grew a hundred folds daily on Telegram related groups, peaking at 200,000 per group." Prominent among the groups are anti-Russian cyber

No code or low code technologies can be a powerful tool for today’s financial institutions, offering the flexibility to streamline and automate many of their operations. However, it can be overwhelming for many FIs to decide where to best apply these solutions. Some of the most critical (and most important) areas to focus on when […]

An at-home bitcoin miner describes his setup, offsetting heat costs, tax incentives and his role in securing the Bitcoin network.

DALLAS, TX, Mar 4, 2022 - (ACN Newswire) - Trintech, a leading global provider of integrated financial close automation software solutions for the Office of Finance, today announced the latest release of CadencyDirect which extends digital workflows for the Office of Finance with journal entry automation. This provides key stakeholders across the business with visibility and transparency into historically siloed disciplines to create a more connected organization that opens the door to enterprise-wide digital transformation.

"With this release, we are helping to make work flow more seamlessly for CFOs and their financial teams by helping them achieve enhanced visibility and control of critical financial data in order to handle risk with confidence," said Michael Ross, Chief Product Officer of Trintech. "By supporting a fully configurable end-to-end workflow, CadencyDirect eliminates common challenges found in manual approaches when creating financial data by delivering real-time visibility, control and validation across the financial close process and a better employee experience."

A key capability delivered with this release includes the ability for critical journal entry tasks and issues to trigger notifications and workflows throughout the entire enterprise, regardless of function, within the Now Platform(R). Examples include:

- Topside Journal Visibility: A real-time trigger will generate a workflow task and tracked notifications for specific Disclosure & Reporting team members

- High-Risk Journal Posting Visibility: A real-time trigger will generate a workflow task and tracked notifications for specific senior finance leadership that a high-risk journal has posted

- Internal Audit Journal Entry Rejection Visibility: A real-time trigger will generate a workflow task and tracked notifications for journal rejections while also mapping to controls framework, such as Sarbanes-Oxley, managed within SerivceNow GRC to ensure real-time visibility to compromised controls

CadencyDirect is certified as part of the ServiceNow Built on Now(TM) program that complements and extends financial operations management so that CFOs and their teams can digitize workflows across the financial close process - helping to reduce complexity and risk, accelerating the overall process, and driving a greater experience for the entire enterprise. The platform combines all financial close activities into a single, seamless process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management and compliance and provides a connected, collaborative ecosystem by leveraging a mature and very robust set of financial controls, along with deep automation and integration capabilities that seamlessly connects with leading ERPs such as SAP(R), Oracle(R), and NetSuite(R).

Whether you're an experienced ServiceNow user looking to synchronize your mature or in-progress digital transformation, or just starting your transformation journey, CadencyDirect is where Financial Transformation meets Digital Transformation. For more information, please contact either your appropriate ServiceNow or Trintech representative or go to www.trintech.com/CadencyDirect for more information.

About Trintech

Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance - Trintech's portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide - including the majority of the Fortune 100 - rely on the company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

ServiceNow, the ServiceNow logo, Now, Now Platform, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries.

Media Contact:
Kelli Shoevlin
214-957-5009
[email protected]

SOURCE: Trintech, Inc.

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comTrintech, a leading global provider of integrated financial close automation software solutions for the Office of Finance, today announced the latest release of CadencyDirect which extends digital workflows for the Office of Finance with journal entry automation.

Based on the ripple effect of sanctions slapped on Russia because of its ongoing invasion of Ukraine, Russia continues to be starving for foreign currency. It might make Bitcoin mining an alternative to bypass sanctions. (Read More)

TOKYO, Mar 4, 2022 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has presented its "Best Innovation 2021" awards to 17 products, technologies and services related to its Group business activities and growth strategies that contribute to the preservation and protection of the global environment and mitigation of environmental impacts, thereby contributing to realization of a carbon neutral society. Through this in-house program, the Company aims to raise environmental awareness among its Groupwide employees and encourage further innovation.

MHI Group has adopted a corporate mission to "integrate cutting-edge technology into expertise built up over many years to provide solutions to some of the world's most pressing issues and provide better lives." Going forward, through its business activities the Company will continue to strive to resolve social issues and help achieve a sustainable society.

Of this year's 17 award-winning recipients, here we introduce 10 innovations related to the Company's strategic growth areas that will contribute to reduction of environmental impacts.

In 2020 MHI Group designated five items of "materiality": vital social issues whose resolution the Company should address as a means of enhancing its corporate value and achieving growth through the long term. Details are available at: https://www.mhi.com/sustainability/management/materiality.html

For more information, visit https://www.mhi.com/news/220304.html.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comMitsubishi Heavy Industries, Ltd. (MHI) has presented its "Best Innovation 2021" awards to 17 products, technologies and services related to its Group business activities and growth strategies that contribute to the preservation and protection of the global environment and mitigation of environmental impacts, thereby contributing to realization of a carbon neutral society.

As the ongoing Russia-Ukraine conflict continues to escalate, the Russian government on Thursday released a massive list containing 17,576 IP addresses and 166 domains that it said are behind a series of distributed denial-of-service (DDoS) attacks aimed at its domestic infrastructure. Some of the noticeable domains in the listing released by Russia's National Coordination Center for Computer