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Crypto

Kraken launches cryptocurrency payment card in UK and Europe with up to 2 percent cashback

Cryptocurrency exchange Kraken has begun issuing debit cards for users in Britain and the European Economic Area. Users can spend cryptocurrencies and cash held in their Kraken accounts, with payments running on the Mastercard network and conversions available for more than 600 currencies at purchase. Kraken says it does not charge its own payment or ATM fees. Cashback of up to 2 percent depends on average balances and is paid weekly in bitcoin, euros or pounds.

Finance

Financial sector \'digital risks\' rise, putting IT controls to the test

As financial companies expand use of AI, South Korean regulators are sharpening oversight of security and internal controls. The Financial Services Commission plans to exempt sanctions for minor system disruptions during AI security tests or emergency patches if conditions are met, while requiring swift recovery and consumer protection. The Financial Supervisory Service will intensively inspect IT basic controls in the second half and urged banks to build AI internal-control systems. A Woori Bank data leak and broader market and industry moves have also highlighted digital risks.

Finance

Hana Bank launches Narasarang card summer cashback event

Hana Bank is running a cashback event for customers who newly issue its Hana Narasarang Card. The bank said the \"Hana Narasarang Card Summer Cashback Event\" will run through the end of September. Customers who spend at least 10,000 won per transaction at CU, the Musinsa online mall, McDonald\'s or the public delivery app Meokkkaebi can receive 10,000 won cashback. Cashback is limited to 2 times in total, with a maximum benefit of 20,000 won per customer.