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The introduced service, named SAFr Auth, provides a passwordless and secure method to authenticate users without the need for manual intervention or multi-factor authentication.

Dalal brings over 25 years of experience with 14 years from within the bank and has held several leadership roles across equities and prime finance.

Earlier JPMorgan entered the British market with a digital-only retail offering last year and executives have signalled their aim is to expand this to other countries.

Iyer brings along 24 years of experience in the financial services sector across banking, data, capital markets and real-time systems.

According to FMI, the global out of band authentication market will reach $4.3 billion by 2032, expanding at a CAGR of 13.2 per cent between 2022 and 2032.

As part of the alliance, FidyPay will be enabling a seamless connected banking experience. FidyPay will also be the solution provider for UPI services.

The European Central Bank, led by former French minister Christine Lagarde is on alert for the threat of cyber attacks on banks launched from Russia.

The transaction that is pegged at around $1 billion puts extensive and diverse data sets and products including Health Insights, MarketScan and Clinical Development on the block.

Bhamrah with over a decade-long experience in complex digital products & platforms has an inspiring vision for building large-scale blockchain products.

The global sports betting market is suspected to be worth over $1 trillion including the underground market.