Insights

India's Cybersecurity Crisis: Ransomware Takes 300 Small Banks Offline

Pat Crawley Pat Crawley Send an email
0 15 28 minutes read
india's-cybersecurity-crisis:-ransomware-takes-300-small-banks-offline

Wednesday, 31/07/2024 | 20:40 GMT by Jared Kirui

  • The attack has affected transaction processing among lenders.
  • Despite the disruption, the affected banks represent only about 0.5% of India’s payment system volumes.

payments india

India’s small banks have been hit by a ransomware attack, forcing nearly 300 lenders offline, Reuters reported. The attack involved C-Edge Technologies, a key provider of banking technology. This unprecedented event has reportedly isolated these banks from the broader payment network, significantly impacting their ability to process transactions.

A Widespread Impact

The attack primarily affected C-Edge Technologies, which supplies banking technology to many of India’s small banks. Now disconnected from the National Payment Corporation of India (NPCI) system, these banks were unable to process payments .

In response, the NPCI issued a public advisory on Wednesday, stating that it had briefly isolated C-Edge Technologies from accessing the retail payments system operated by NPCI. This step aims to contain the attack and prevent its spread to other parts of the payment network.

Despite the disruption, the overall impact on India’s payment system remains minimal. According to regulatory officials, the affected banks constitute only about 0.5% of the country’s payment system volumes. India has around 1,500 cooperative and regional banks, most of which operate outside major cities. The affected institutions are a small subset of these.

Ongoing Security Audits

The NPCI is conducting a thorough audit to ensure the ransomware does not spread further. This proactive step aims to safeguard the integrity of the broader payment system. In recent weeks, the Reserve Bank of India (RBI) and Indian cyber authorities have already warned banks about the increasing risk of cyberattacks.

Both C-Edge Technologies and the Reserve Bank of India have remained silent on the issue and have not responded to requests for comments. This lack of communication has left many unanswered questions, heightening the urgency and concern among the affected banks and their customers.

Interestingly, the financial industry has lost $12 billion in the last 20 years due to over 20,000 cases of cyberattacks, the International Monetary Fund reported in April. This emerging trend in cybersecurity is reportedly due to a surge in digitalization and geopolitical tensions.

Since the COVID-19 pandemic, the number of cyberattacks experienced by financial firms has doubled. The direct losses affecting companies in the sector have also jumped, more than quadrupling since 2017 to $2.5 billion.

India’s small banks have been hit by a ransomware attack, forcing nearly 300 lenders offline, Reuters reported. The attack involved C-Edge Technologies, a key provider of banking technology. This unprecedented event has reportedly isolated these banks from the broader payment network, significantly impacting their ability to process transactions.

A Widespread Impact

The attack primarily affected C-Edge Technologies, which supplies banking technology to many of India’s small banks. Now disconnected from the National Payment Corporation of India (NPCI) system, these banks were unable to process payments .

In response, the NPCI issued a public advisory on Wednesday, stating that it had briefly isolated C-Edge Technologies from accessing the retail payments system operated by NPCI. This step aims to contain the attack and prevent its spread to other parts of the payment network.

Despite the disruption, the overall impact on India’s payment system remains minimal. According to regulatory officials, the affected banks constitute only about 0.5% of the country’s payment system volumes. India has around 1,500 cooperative and regional banks, most of which operate outside major cities. The affected institutions are a small subset of these.

Ongoing Security Audits

The NPCI is conducting a thorough audit to ensure the ransomware does not spread further. This proactive step aims to safeguard the integrity of the broader payment system. In recent weeks, the Reserve Bank of India (RBI) and Indian cyber authorities have already warned banks about the increasing risk of cyberattacks.

Both C-Edge Technologies and the Reserve Bank of India have remained silent on the issue and have not responded to requests for comments. This lack of communication has left many unanswered questions, heightening the urgency and concern among the affected banks and their customers.

Interestingly, the financial industry has lost $12 billion in the last 20 years due to over 20,000 cases of cyberattacks, the International Monetary Fund reported in April. This emerging trend in cybersecurity is reportedly due to a surge in digitalization and geopolitical tensions.

Since the COVID-19 pandemic, the number of cyberattacks experienced by financial firms has doubled. The direct losses affecting companies in the sector have also jumped, more than quadrupling since 2017 to $2.5 billion.

Jared Kirui

  • 1100 Articles
  • 14 Followers

Jared is an experienced financial journalist passionate about all things forex and CFDs.

  • 1100 Articles
  • 14 Followers

Finance Magnates Daily Update

Get all the top financial news delivered straight to your inbox. Stay informed, stay ahead.

Keep Reading

More from the Author

FinTech

Featured Videos

Louise Bedford | Trading Game| FMPS:24 Speaker Interviews

Louise Bedford | Trading Game| FMPS:24 Speaker Interviews

Louise Bedford | Trading Game| FMPS:24 Speaker Interviews

Louise Bedford | Trading Game| FMPS:24 Speaker Interviews

We had the pleasure to meet and interview bestselling author, trading expert and founder of the Trading Game, Louise Bedford and discuss her upcoming speaker sessions at the Finance Magnates Pacific Summit 2024. With over 30 years of trading experience, Louise shares insights on investing psychology secrets and emphasizes the importance of financial independence through trading. She highlights the current financial challenges, the need for personal responsibility, and the power of trading as a solution. Louise will cover mindset strategies, lessons learned from decades of trading, and practical advice to help traders achieve financial serenity and avoid common pitfalls. Get Your FREE Pass and meet Louise: https://bit.ly/4fsw6j2 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

We had the pleasure to meet and interview bestselling author, trading expert and founder of the Trading Game, Louise Bedford and discuss her upcoming speaker sessions at the Finance Magnates Pacific Summit 2024. With over 30 years of trading experience, Louise shares insights on investing psychology secrets and emphasizes the importance of financial independence through trading. She highlights the current financial challenges, the need for personal responsibility, and the power of trading as a solution. Louise will cover mindset strategies, lessons learned from decades of trading, and practical advice to help traders achieve financial serenity and avoid common pitfalls. Get Your FREE Pass and meet Louise: https://bit.ly/4fsw6j2 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

We had the pleasure to meet and interview bestselling author, trading expert and founder of the Trading Game, Louise Bedford and discuss her upcoming speaker sessions at the Finance Magnates Pacific Summit 2024. With over 30 years of trading experience, Louise shares insights on investing psychology secrets and emphasizes the importance of financial independence through trading. She highlights the current financial challenges, the need for personal responsibility, and the power of trading as a solution. Louise will cover mindset strategies, lessons learned from decades of trading, and practical advice to help traders achieve financial serenity and avoid common pitfalls. Get Your FREE Pass and meet Louise: https://bit.ly/4fsw6j2 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

We had the pleasure to meet and interview bestselling author, trading expert and founder of the Trading Game, Louise Bedford and discuss her upcoming speaker sessions at the Finance Magnates Pacific Summit 2024. With over 30 years of trading experience, Louise shares insights on investing psychology secrets and emphasizes the importance of financial independence through trading. She highlights the current financial challenges, the need for personal responsibility, and the power of trading as a solution. Louise will cover mindset strategies, lessons learned from decades of trading, and practical advice to help traders achieve financial serenity and avoid common pitfalls. Get Your FREE Pass and meet Louise: https://bit.ly/4fsw6j2 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

More Videos

  • Pere Monguió Montells | FXStreet

    Pere Monguió Montells | FXStreet

    Pere Monguió Montells | FXStreet

    Pere Monguió Montells | FXStreet

    Pere Monguió Montells | FXStreet

    Pere Monguió Montells | FXStreet

    In this video, @fxstreet Co-CEO Guillermo Parada met with us at iFX EXPO International 2024 to discuss their campaign to prevent scams in the trading industry. He highlights the importance of educating traders to protect themselves and clarifying what to expect from reputable brokers. Guillermo outlines three layers of protection: trader awareness, brand responsibility, and platform regulation. Guillermo concludes by detailing FXStreet’s future plans, including launching broker reviews and building strong trading communities on social media. #financemagnates #fxstreet #trading #scamprevention #financenews #financeindustry #financialnews #tradingnews 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    In this video, @fxstreet Co-CEO Guillermo Parada met with us at iFX EXPO International 2024 to discuss their campaign to prevent scams in the trading industry. He highlights the importance of educating traders to protect themselves and clarifying what to expect from reputable brokers. Guillermo outlines three layers of protection: trader awareness, brand responsibility, and platform regulation. Guillermo concludes by detailing FXStreet’s future plans, including launching broker reviews and building strong trading communities on social media. #financemagnates #fxstreet #trading #scamprevention #financenews #financeindustry #financialnews #tradingnews 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    In this video, @fxstreet Co-CEO Guillermo Parada met with us at iFX EXPO International 2024 to discuss their campaign to prevent scams in the trading industry. He highlights the importance of educating traders to protect themselves and clarifying what to expect from reputable brokers. Guillermo outlines three layers of protection: trader awareness, brand responsibility, and platform regulation. Guillermo concludes by detailing FXStreet’s future plans, including launching broker reviews and building strong trading communities on social media. #financemagnates #fxstreet #trading #scamprevention #financenews #financeindustry #financialnews #tradingnews 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    In this video, @fxstreet Co-CEO Guillermo Parada met with us at iFX EXPO International 2024 to discuss their campaign to prevent scams in the trading industry. He highlights the importance of educating traders to protect themselves and clarifying what to expect from reputable brokers. Guillermo outlines three layers of protection: trader awareness, brand responsibility, and platform regulation. Guillermo concludes by detailing FXStreet’s future plans, including launching broker reviews and building strong trading communities on social media. #financemagnates #fxstreet #trading #scamprevention #financenews #financeindustry #financialnews #tradingnews 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    In this video, @fxstreet Co-CEO Guillermo Parada met with us at iFX EXPO International 2024 to discuss their campaign to prevent scams in the trading industry. He highlights the importance of educating traders to protect themselves and clarifying what to expect from reputable brokers. Guillermo outlines three layers of protection: trader awareness, brand responsibility, and platform regulation. Guillermo concludes by detailing FXStreet’s future plans, including launching broker reviews and building strong trading communities on social media. #financemagnates #fxstreet #trading #scamprevention #financenews #financeindustry #financialnews #tradingnews 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    In this video, @fxstreet Co-CEO Guillermo Parada met with us at iFX EXPO International 2024 to discuss their campaign to prevent scams in the trading industry. He highlights the importance of educating traders to protect themselves and clarifying what to expect from reputable brokers. Guillermo outlines three layers of protection: trader awareness, brand responsibility, and platform regulation. Guillermo concludes by detailing FXStreet’s future plans, including launching broker reviews and building strong trading communities on social media. #financemagnates #fxstreet #trading #scamprevention #financenews #financeindustry #financialnews #tradingnews 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

  • Andrew Lane | Acuity

    Andrew Lane | Acuity

    Andrew Lane | Acuity

    Andrew Lane | Acuity

    Andrew Lane | Acuity

    Andrew Lane | Acuity

    During iFX EXPO International 2024, we had the pleasure to interview Andrew Loveridge from Acuity Trading. He discusses the evolving financial trading industry and the impact of AI, regulation, and technological advancements. He highlights the importance of natural language processing (NLP) and sentiment analysis in trading, detailing how these technologies are used to extract valuable data from text for trading purposes. Andrew also introduces their latest innovation, which merges technical analysis with sentiment analysis to provide more comprehensive trading tools. #financemagnates #Acuity #trading #AI #NLP #financenews #financeindustry #financialnews #tradingnews 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    During iFX EXPO International 2024, we had the pleasure to interview Andrew Loveridge from Acuity Trading. He discusses the evolving financial trading industry and the impact of AI, regulation, and technological advancements. He highlights the importance of natural language processing (NLP) and sentiment analysis in trading, detailing how these technologies are used to extract valuable data from text for trading purposes. Andrew also introduces their latest innovation, which merges technical analysis with sentiment analysis to provide more comprehensive trading tools. #financemagnates #Acuity #trading #AI #NLP #financenews #financeindustry #financialnews #tradingnews 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    During iFX EXPO International 2024, we had the pleasure to interview Andrew Loveridge from Acuity Trading. He discusses the evolving financial trading industry and the impact of AI, regulation, and technological advancements. He highlights the importance of natural language processing (NLP) and sentiment analysis in trading, detailing how these technologies are used to extract valuable data from text for trading purposes. Andrew also introduces their latest innovation, which merges technical analysis with sentiment analysis to provide more comprehensive trading tools. #financemagnates #Acuity #trading #AI #NLP #financenews #financeindustry #financialnews #tradingnews 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    During iFX EXPO International 2024, we had the pleasure to interview Andrew Loveridge from Acuity Trading. He discusses the evolving financial trading industry and the impact of AI, regulation, and technological advancements. He highlights the importance of natural language processing (NLP) and sentiment analysis in trading, detailing how these technologies are used to extract valuable data from text for trading purposes. Andrew also introduces their latest innovation, which merges technical analysis with sentiment analysis to provide more comprehensive trading tools. #financemagnates #Acuity #trading #AI #NLP #financenews #financeindustry #financialnews #tradingnews 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    During iFX EXPO International 2024, we had the pleasure to interview Andrew Loveridge from Acuity Trading. He discusses the evolving financial trading industry and the impact of AI, regulation, and technological advancements. He highlights the importance of natural language processing (NLP) and sentiment analysis in trading, detailing how these technologies are used to extract valuable data from text for trading purposes. Andrew also introduces their latest innovation, which merges technical analysis with sentiment analysis to provide more comprehensive trading tools. #financemagnates #Acuity #trading #AI #NLP #financenews #financeindustry #financialnews #tradingnews 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    During iFX EXPO International 2024, we had the pleasure to interview Andrew Loveridge from Acuity Trading. He discusses the evolving financial trading industry and the impact of AI, regulation, and technological advancements. He highlights the importance of natural language processing (NLP) and sentiment analysis in trading, detailing how these technologies are used to extract valuable data from text for trading purposes. Andrew also introduces their latest innovation, which merges technical analysis with sentiment analysis to provide more comprehensive trading tools. #financemagnates #Acuity #trading #AI #NLP #financenews #financeindustry #financialnews #tradingnews 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

  • James Glyde | Pipfarm

    James Glyde | Pipfarm

    James Glyde | Pipfarm

    James Glyde | Pipfarm

    James Glyde | Pipfarm

    James Glyde | Pipfarm

    In this video, James Glide from PipFarm discusses the current state and future of the prop trading industry. He explains how Pip Farm uses gamification to manage risk, allowing traders to unlock features like higher leverage and faster payouts by earning experience points through achievements. James addresses the inherent risk management challenges in prop trading and the importance of building a track record with traders. He touches on revenue structure, emphasizing the need for a larger client base to make trading initiatives profitable. James also discusses potential regulatory changes and Pip Farm’s readiness to adapt. The session concludes with a focus on consistency and continuous improvement in their offerings. #financemagnates #pipfarm #financialnews #tradingnews #PropTrading #RiskManagement #Gamification #TradingStrategies #FinancialRegulation 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    In this video, James Glide from PipFarm discusses the current state and future of the prop trading industry. He explains how Pip Farm uses gamification to manage risk, allowing traders to unlock features like higher leverage and faster payouts by earning experience points through achievements. James addresses the inherent risk management challenges in prop trading and the importance of building a track record with traders. He touches on revenue structure, emphasizing the need for a larger client base to make trading initiatives profitable. James also discusses potential regulatory changes and Pip Farm’s readiness to adapt. The session concludes with a focus on consistency and continuous improvement in their offerings. #financemagnates #pipfarm #financialnews #tradingnews #PropTrading #RiskManagement #Gamification #TradingStrategies #FinancialRegulation 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    In this video, James Glide from PipFarm discusses the current state and future of the prop trading industry. He explains how Pip Farm uses gamification to manage risk, allowing traders to unlock features like higher leverage and faster payouts by earning experience points through achievements. James addresses the inherent risk management challenges in prop trading and the importance of building a track record with traders. He touches on revenue structure, emphasizing the need for a larger client base to make trading initiatives profitable. James also discusses potential regulatory changes and Pip Farm’s readiness to adapt. The session concludes with a focus on consistency and continuous improvement in their offerings. #financemagnates #pipfarm #financialnews #tradingnews #PropTrading #RiskManagement #Gamification #TradingStrategies #FinancialRegulation 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    In this video, James Glide from PipFarm discusses the current state and future of the prop trading industry. He explains how Pip Farm uses gamification to manage risk, allowing traders to unlock features like higher leverage and faster payouts by earning experience points through achievements. James addresses the inherent risk management challenges in prop trading and the importance of building a track record with traders. He touches on revenue structure, emphasizing the need for a larger client base to make trading initiatives profitable. James also discusses potential regulatory changes and Pip Farm’s readiness to adapt. The session concludes with a focus on consistency and continuous improvement in their offerings. #financemagnates #pipfarm #financialnews #tradingnews #PropTrading #RiskManagement #Gamification #TradingStrategies #FinancialRegulation 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    In this video, James Glide from PipFarm discusses the current state and future of the prop trading industry. He explains how Pip Farm uses gamification to manage risk, allowing traders to unlock features like higher leverage and faster payouts by earning experience points through achievements. James addresses the inherent risk management challenges in prop trading and the importance of building a track record with traders. He touches on revenue structure, emphasizing the need for a larger client base to make trading initiatives profitable. James also discusses potential regulatory changes and Pip Farm’s readiness to adapt. The session concludes with a focus on consistency and continuous improvement in their offerings. #financemagnates #pipfarm #financialnews #tradingnews #PropTrading #RiskManagement #Gamification #TradingStrategies #FinancialRegulation 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    In this video, James Glide from PipFarm discusses the current state and future of the prop trading industry. He explains how Pip Farm uses gamification to manage risk, allowing traders to unlock features like higher leverage and faster payouts by earning experience points through achievements. James addresses the inherent risk management challenges in prop trading and the importance of building a track record with traders. He touches on revenue structure, emphasizing the need for a larger client base to make trading initiatives profitable. James also discusses potential regulatory changes and Pip Farm’s readiness to adapt. The session concludes with a focus on consistency and continuous improvement in their offerings. #financemagnates #pipfarm #financialnews #tradingnews #PropTrading #RiskManagement #Gamification #TradingStrategies #FinancialRegulation 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

  • Andreas C. Kapsos | Match-Prime Liquidity

    Andreas C. Kapsos | Match-Prime Liquidity

    Andreas C. Kapsos | Match-Prime Liquidity

    Andreas C. Kapsos | Match-Prime Liquidity

    Andreas C. Kapsos | Match-Prime Liquidity

    Andreas C. Kapsos | Match-Prime Liquidity

    We had the chance to meet with Match-Prime Liquidity’s CEO, Andreas Kapsos to discuss the evolving landscape of liquidity in the trading industry at the Cyprus Expo. He highlights the increasing demand for new asset types like crypto CFDs and the role of AI in predictive analysis and sentiment tracking. Emphasizing the importance of multiple liquidity providers, he explains that having more than one provider offers better security and comparison opportunities for clients. The conversation also touches on the consolidation trend in the liquidity space and the challenges new entrants face due to high entry barriers and sophisticated market demands. #financemagnates #financialnews #TradingIndustry #Liquidity #CryptoCFDs #AIinFinance #FinancialExpo 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    We had the chance to meet with Match-Prime Liquidity’s CEO, Andreas Kapsos to discuss the evolving landscape of liquidity in the trading industry at the Cyprus Expo. He highlights the increasing demand for new asset types like crypto CFDs and the role of AI in predictive analysis and sentiment tracking. Emphasizing the importance of multiple liquidity providers, he explains that having more than one provider offers better security and comparison opportunities for clients. The conversation also touches on the consolidation trend in the liquidity space and the challenges new entrants face due to high entry barriers and sophisticated market demands. #financemagnates #financialnews #TradingIndustry #Liquidity #CryptoCFDs #AIinFinance #FinancialExpo 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    We had the chance to meet with Match-Prime Liquidity’s CEO, Andreas Kapsos to discuss the evolving landscape of liquidity in the trading industry at the Cyprus Expo. He highlights the increasing demand for new asset types like crypto CFDs and the role of AI in predictive analysis and sentiment tracking. Emphasizing the importance of multiple liquidity providers, he explains that having more than one provider offers better security and comparison opportunities for clients. The conversation also touches on the consolidation trend in the liquidity space and the challenges new entrants face due to high entry barriers and sophisticated market demands. #financemagnates #financialnews #TradingIndustry #Liquidity #CryptoCFDs #AIinFinance #FinancialExpo 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    We had the chance to meet with Match-Prime Liquidity’s CEO, Andreas Kapsos to discuss the evolving landscape of liquidity in the trading industry at the Cyprus Expo. He highlights the increasing demand for new asset types like crypto CFDs and the role of AI in predictive analysis and sentiment tracking. Emphasizing the importance of multiple liquidity providers, he explains that having more than one provider offers better security and comparison opportunities for clients. The conversation also touches on the consolidation trend in the liquidity space and the challenges new entrants face due to high entry barriers and sophisticated market demands. #financemagnates #financialnews #TradingIndustry #Liquidity #CryptoCFDs #AIinFinance #FinancialExpo 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    We had the chance to meet with Match-Prime Liquidity’s CEO, Andreas Kapsos to discuss the evolving landscape of liquidity in the trading industry at the Cyprus Expo. He highlights the increasing demand for new asset types like crypto CFDs and the role of AI in predictive analysis and sentiment tracking. Emphasizing the importance of multiple liquidity providers, he explains that having more than one provider offers better security and comparison opportunities for clients. The conversation also touches on the consolidation trend in the liquidity space and the challenges new entrants face due to high entry barriers and sophisticated market demands. #financemagnates #financialnews #TradingIndustry #Liquidity #CryptoCFDs #AIinFinance #FinancialExpo 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    We had the chance to meet with Match-Prime Liquidity’s CEO, Andreas Kapsos to discuss the evolving landscape of liquidity in the trading industry at the Cyprus Expo. He highlights the increasing demand for new asset types like crypto CFDs and the role of AI in predictive analysis and sentiment tracking. Emphasizing the importance of multiple liquidity providers, he explains that having more than one provider offers better security and comparison opportunities for clients. The conversation also touches on the consolidation trend in the liquidity space and the challenges new entrants face due to high entry barriers and sophisticated market demands. #financemagnates #financialnews #TradingIndustry #Liquidity #CryptoCFDs #AIinFinance #FinancialExpo 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

Tags
Pat Crawley Pat Crawley Send an email
0 15 28 minutes read
Pat Crawley

Pat Crawley

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button