Blockchain Press Releases
Shield and LeapXpert Survey Report Highlights WhatsApp and Messaging Channels Remain Biggest Threat to Bank Risk Management Despite Massive Fines
Survey finds 73% of financial institutions lack confidence in their ability to monitor and regulate communication on unapproved channels
TEL AVIV, Israel and NEW YORK, July 12, 2023 /PRNewswire/ — Shield, solving communication compliance for financial institutions, and LeapXpert, the responsible business communication pioneer, partnered to release findings today that show only half of financial institutions (51%) are monitoring employee communications over WhatsApp. Even fewer institutions capture SMS, iMessage, LINE, WeChat, Telegram, and Signal, despite heavy fines issued by US regulators for failing to limit employees using messaging apps on their mobile devices.
The report reveals that while virtually all compliance officers surveyed plan to monitor WhatsApp and other messaging apps by the end of 2023, 73% of financial institutions still lack confidence in their ability to enforce bans on mobile communications over unapproved channels.
Last September, an SEC probe found that from 2018 to 2021, employees at several leading banks frequently used off-channel communications to conduct business. In the last 18 months, $2 billion worth of fines have been levied at more than a dozen financial firms.
Surprisingly, multi-million-dollar fines do not occupy the top spot among the concerns of compliance professionals. They come in second place with 34% of respondents selecting them as the top concern. The greatest fear revolves around regulatory audits themselves with a significant 64% ranking them as their primary concern. Internal audits follow behind at 32%, while concerns about reputation damage stand at 28%, and losing business data at 27%.
Other survey findings:
- 57% of US companies are already monitoring WhatsApp compared to 44% of their EU counterparts.
- Respondents expect a shift in mobile device policy, rising from currently 53% issuing corporate devices to 66% in 18 months.
- While only an average of 29% of respondents reported monitoring WhatsApp, SMS, iMessage, LINE, WeChat, Telegram, and Signal at the moment, this is set to skyrocket to an average of 90% by the end of 2023.
“When the massive SEC fines were issued, it seemed imminent that widespread changes across the industry would occur,” said Shield Co-founder and Chief Business Officer Eran Noam. “Our report shows that this has not happened. While data capture, monitoring, and user experience challenges are real, confidence in banning policies is low. Technology gives companies the option to monitor these channels rather than simply implementing policy bans, which don’t provide full coverage. This is where the Shield and LeapXpert partnership comes into play. LeapXpert offers compliant, governed and secure communications on messaging and voice channels, while Shield offers multi-layered AI surveillance to manage and mitigate communications compliance risks.”
“The surge in demand for comprehensive compliance solutions in 2023 reflects a clear realization among financial institutions that closing compliance gaps is imperative,” said Avi Pardo, Co-founder and CBO at LeapXpert. “From installing messaging capture solutions to seeking robust governance controls, organizations are now determined to transform all popular messaging apps used by their team members into approved and compliant channels. As regulatory scrutiny intensifies, companies understand the need for decisive action and solutions that help minimize risk by ensuring messaging compliance.”
Conducted in April 2023 by Global Surveyz, the survey examined the challenges financial compliance departments face in capturing and surveilling unmonitored communication channels, the effectiveness of banning these communications, which channels are the most concerning, and financial organizations’ plans to regulate employees. The survey polled 200 finserv professionals, 100 in the U.S. and Europe each.
About Shield
Shield enables compliance teams in financial services and other highly regulated industries to read between the lines to see what their employee communications are really saying. Many of these organizations struggle with compliance because they are unable to gain visibility into the mass of scattered data across all of their communication channels to mitigate against market abuse, internal bad actors and increasing regulatory risk. By applying advanced AI, NLP, and visualization capabilities, Shield is enabling enterprises and financial institutions to more effectively manage and mitigate communications compliance risks. Shield has helped leading financial organizations to reduce false positive alerts by 97%, conduct faster investigations, and save on compliance costs. Learn more at shieldfc.com.
About LeapXpert
LeapXpert, the responsible business communication pioneer, provides enterprises peace of mind through compliant and secure communication solutions. The LeapXpert Communications Platform is an enterprise solution that enables employees and clients to communicate on consumer messaging applications and voice channels in a compliant, governed, and secure manner. Founded in 2017, the award-winning company is headquartered in New York, with offices in the UK, Israel, and Asia. For more information on LeapXpert, visit https://leapxpert.com.
Media Contact
Josh Turner
Si14 Global Communications
shieldpr@si14global.com
+1-917-231-0550
Blockchain Press Releases
MEXC Launches DeepLink Protocol (DLC) with Spot and Futures Trading, Offering 16,000,000 DLC & 149,000 USDT to Fuel Decentralized Cloud Gaming
VICTORIA, Seychelles, March 17, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, announced the listing of DeepLink Protocol (DLC) on both spot and futures markets, scheduled for March 18, 2025, at 12:00 (UTC). To celebrate the launch, MEXC is introducing an Airdrop+ rewards pool totaling 16,000,000 DLC & 149,000 USDT, reinforcing its commitment to supporting cutting-edge blockchain projects.
Powering Decentralized Cloud Gaming: DeepLink Protocol (DLC) Now Listed on MEXC
DeepLink Protocol is a decentralized cloud gaming platform powered by AI and blockchain technology, merging Artificial Intelligence, GPU computing, Real-World Asset (RWA) Tokenization, and Decentralized Physical Infrastructure Networks (DePINs) into a unified ecosystem. With ultra-low-latency game rendering, DeepLink enables cloud-based esports, cybercafés, AAA gaming, and immersive virtual experiences, enhancing resolution and clarity through AI-driven optimization. Backed by leading investors such as Amber, DePIN X, and NeoVentures, and with 2.6 million+ users and 1.4 million+ DLC holders, DeepLink is rapidly scaling its ecosystem and sponsoring major blockchain events like WebX, KBW, and TOKEN 2049.
As a global exchange, MEXC actively supports projects across sectors such as gaming, AI, and DePIN by providing market access, liquidity, and broader exposure. By listing DeepLink Protocol (DLC), MEXC enables more users to capture the investment opportunities in this sector, contributing to the expansion of decentralized gaming within the Web3 ecosystem. Beyond listing, MEXC plays a key role in helping emerging projects build market traction. With an active trading community and deep liquidity, MEXC will support the growth of DLC, ensuring accessibility for both retail and institutional participants. Additionally, through marketing initiatives, ecosystem collaborations, and trading events, MEXC enhances DLC’s visibility, driving engagement among Web3 users and expanding its adoption. By integrating DLC into its diverse asset offerings, MEXC continues to provide a launchpad for innovative projects, bridging blockchain technology with real-world applications.
Celebrate the DLC Listing with a 16,000,000 DLC & 149,000 USDT Prize Pool
MEXC continues its mission to support innovative blockchain projects by listing DeepLink Protocol (DLC) in the Innovation Zone on March 18, 2025, at 12:00 (UTC). The DLC/USDT spot market will be available first, followed by the DLC USDT perpetual futures launch at 12:10 (UTC), offering up to 50x leverage in both cross and isolated margin modes.
To mark the occasion, a 16,000,000 DLC & 149,000 USDT prize pool will be available through a series of exclusive events from March 17, 2025, at 10:00 (UTC) to March 27, 2025, at 10:00 (UTC).
Event 1: Airdrop+ Rewards
- Deposit and share 10,000,000 DLC & 99,000 USDT (New user exclusive)
- Futures Challenge — Trade to share 50,000 USDT in futures bonuses (Open to all users)
- Invite friends and share 6,000,000 DLC (Open to all users)
Event 2: Spread the Word and Win DLC Rewards
- Share the Airdrop+ event on social media between March 17 – March 23, 2025, and win additional DLC rewards.
Your Easiest Way to Trending Tokens
MEXC aims to become the go-to platform offering the widest range of valuable crypto assets. The platform has grown its user base to 34 million by offering a diverse selection of tokens, high-frequency airdrops, competitive fees, and comprehensive liquidity. In 2024, MEXC launched a total of 2,376 new tokens, including 1,716 initial listings and 605 memecoins, with total airdrop rewards exceeding $136 million.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
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DUBAI, UAE, March 17, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is proud to announce a major milestone in the evolution of digital finance, with the issuance of over 1.5 million Bybit Cards worldwide. From now to Apr. 6, 2025, Bybit Card users and successful new users may embark on a celebratory journey with rewards all around.
Bybit Card reached its first million users in Jan., 2025. In less than two months, the crypto-native payment solution provider has issued another half a million cards. Bybit and Mastercard hosted an anniversary event at the Bybit headquarters in Dubai on Mar. 7, celebrating the achievement.
The virtual and physical card on the Mastercard network is shaping up to be one of the most popular fully digital consumer options in the integration of cryptocurrencies into everyday spendings, enhancing convenience and accessibility for users.
To commemorate this achievement, the Bybit Card is introducing a series of enhanced rewards and benefits, including increased cashback opportunities and exclusive discounts.
- 2 Years in Review
Bybit Card holders can learn about their spending preferences through a a customized Bybit Card Wrapped experience, showcasing each user’s top spending categories, frequent purchases, and personal spending habits, reflecting two years of seamless transactions, rewards, and cashback perks with Bybit. - Spending Passport: Collect Stamps and Unlock Rewards
Spending $10 in any category leads to opportunities to unlock up to 0.001 BTC in rewards. Users can collect exclusive stamps across various categories such as fashion, transport, dining, and digital goods to increase rewards. - Boosted Cashback: Earn up to 12% Back
An additional 2% cashback on all purchases is available for a limited time, allowing for up to 12% cashback on eligible transactions, enhancing the value of spending. - Exclusive 12% Off in the Bybit Rewards Market
Rewards can be redeemed in the Bybit Rewards Market for 12% off selected items.
In addition, the first 5,000 new users who qualify for the Bybit Card and spend $50 may unlock a $5 bonus.
As the Bybit Card continues to evolve with the crypto community, the focus remains on fostering an innovative platform that supports the dynamic needs of its users. By combining convenience and a rewarding experience with cutting-edge technology, the Bybit Card empowers users to participate in the digital economy, transforming their crypto holdings into practical purchasing power with a few taps and swipes.
Bybit Card holders and new applicants may find out more about the terms and conditions at: Bybit Card – Second Anniversary
#Bybit / #TheCryptoArk / #TheBybitCard
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Blockchain Press Releases
Term Structure Institutional (TSI): The Future of Institutional Fixed-Rate Digital Asset Lending and Borrowing
HONG KONG, March 17, 2025 /PRNewswire/ —
As institutional adoption of digital assets accelerates, the demand for reliable, predictable, and efficient lending and borrowing solutions has never been greater. Term Structure Institutional (TSI) is at the forefront of this transformation, offering a cutting-edge fixed-rate borrowing and lending platform designed to meet the needs of institutional investors.
With a robust foundation built on Fireblocks’ industry-leading Multi-Party Computation (MPC) technology and as an advanced Electronic Communication Network (ECN), TSI eliminates the risks of volatile lending and borrowing markets, providing institutions with seamless access to fixed-income opportunities in the digital asset space.
Despite the rapid growth of digital asset markets, institutional participants continue to face significant barriers:
- Unpredictable Borrowing Costs – Open-term loans expose institutions to fluctuating interest rates, making financial planning challenging.
- Security Concerns – The on-chain DeFi ecosystem is prone to hacks and vulnerabilities, deterring institutional involvement.
- Limited Trading Flexibility – Traditional custodian solutions often restrict institutions from executing sophisticated borrowing and lending strategies.
- Inefficiencies in OTC Markets – A lack of transparency and standardized pricing leads to suboptimal execution.
TSI directly addresses these pain points, delivering a reliable and efficient fixed-income platform purpose-built for institutional engagement.
Enhanced Security with Fireblocks MPC Technology
TSI integrates Fireblocks’ cutting-edge MPC technology, ensuring that institutional assets remain protected at all times. By eliminating single points of failure, TSI significantly enhances risk management and compliance.
Predictable, Fixed-Rate & Fixed-Term Borrowing & Lending
TSI enables institutions to lock in stable interest rates and predefined loan durations, providing much-needed certainty for long-term financial strategies.
Efficient Market Access
TSI’s ECN-powered platform revolutionizes price discovery and liquidity aggregation, bringing the standardization and efficiency of traditional finance into the digital asset ecosystem.
Institutional-Grade Over-Collateralized Lending
To mitigate default risks, TSI requires borrowers to provide collateral exceeding the loan value, ensuring robust lender protection and market stability.
Streamlined Collateral Liquidation
TSI’s structured liquidation process ensures collateral is efficiently managed, safeguarding institutional participants from unnecessary losses.
TSI is more than just a platform—it’s a game-changer for institutional digital asset lending and borrowing. By combining enhanced security and fixed-rate certainty, TSI is setting a new standard for institutional finance in the digital asset space.
Are you ready to experience the next evolution of institutional digital asset lending? Join TSI today and unlock the power of predictable, reliable, and institutional-grade financing. Follow us on X to stay updated!
Term Structure Labs Limited is a company registered in BVI, primarily focused on DeFi research with an emphasis on fixed-rate solutions. Term Structure Institutional (TSI) is one of its products, designed specifically to cater to institutional users, offering tailored solutions within the broader Term Structure ecosystem.
View original content:https://www.prnewswire.co.uk/news-releases/term-structure-institutional-tsi-the-future-of-institutional-fixed-rate-digital-asset-lending-and-borrowing-302401796.html
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