Category Archives: Finance

21Dec/22

The European Commission selected the EU Digital Identity Wallet Consortium for the EU Digital Identity Wallet Pilots

December 21, 2022FinanceDigital identity, European Economic Area, European Free Trade Association, Federated identity, International trade, Organizations, World economyadmin

The EU Digital Identity Wallet Consortium (EWC), was selected by the European Commission to run one of the Large Scale Pilots for the new EU Digital Identity Wallet (EUDI) ecosystem. Avast, a leading digital security and privacy brand of Gen™, sits on the Executive Team of the consortium, having been closely involved in its formation. The EUDI Wallet is a part of the proposed eIDAS2.0 regulation, which will provide all European citizens access to a trusted digital identity provided by their government and accepted by all EU Member States and EFTA. Continue reading

13Dec/22

The Swiss financial industry has successfully traded and settled tokenized investment products

December 13, 2022FinanceBlockchain, Counterparty, Cryptocurrencies, Economy, Finance, Futures contract, Moneyadmin

For the first time, key players in the Swiss financial industry successfully developed and tested a novel settlement mechanism for tokenized investment products on a public blockchain testnet infrastructure. A smart contract, developed by the Capital Markets and Technology Association (the CMTA), allows for streamlined processes, reduces complexity, raises security, and eliminates counterparty risks from trades. The CMTA’s proof of concept marks a milestone for the Swiss financial industry. Continue reading

09Dec/22

79% of risk pros prioritize credit risk transformation in race to digitalize banking

December 9, 2022FinanceActuarial science, Analytics, Articles, Bank, Bhutan Centre for Media and Democracy, Credit risk, Economy, Finance, Financial law, Financial risk, Manitoba Provincial Road 272admin

Regulatory demands, calls for greater transparency and accessibility, plus customers jumping ship to more agile fintech counterparts – banks are feeling pressured to enact a digital revolution, according to risk professionals on the ground. A key pillar of this modernization, credit risk transformation (CRT), is the focus of a new risk technology study by the Global Association of Risk Professionals (GARP) and analytics leader SAS. Continue reading

07Dec/22

Wirex Launches 52 Tokens for Accessing Web3

December 7, 2022FinanceArticles, Cryptocurrencies, Decentralization, Economy, Financial technology, Money, Token coin, Uberisationadmin

Wirex, a banking alternative built for Web3, has listed 52 new tokens on their app. The cryptocurrencies will provide their 5 million customers straightforward access to the benefits of DeFi. Continue reading

01Dec/22

FTX collapse crushes crypto dreams in Africa and beyond

December 1, 2022FinanceAlfred Lee, Bahamas, Bangkok, Binance, Bitcoin, Cryptocurrencies, Cryptography, Economy, Edward Choy, Elisha Owusu Akyaw, Ghana, Japan, Kenya, Lagos, monetary authority of singapore, Money, Morocco, Nigeria, Osarieme Aghedo, Sam Bankman-Fried, Singapore, South Africa, South Korea, Stablecoin, Thomson Reuters Foundation, TikTok, United Statesadmin

FTX’s bankruptcy hurts small investors across the world
Young African crypto backers fret about damage to sector
Regulators repeat warnings about risks of crypto dealing

LAGOS/BANGKOK – Days before his FTX cryptocurrency exchange collapsed, co-founder Sam Bankman-Fried tweeted “Hello, West Africa!” – his latest nod to a region where a growing number of kitchen table investors had put their faith, and savings, in FTX.
Continue reading →

01Dec/22

Research shows nearly three-quarters of social housing residents would not be able to cope with an unexpected expense

December 1, 2022FinanceUnited Kingdomadmin

The Resident Voice Index™ (RVI), a project that gathers the views of social housing residents from across the UK, released its latest report, Cost of Living: Crunch Time, which indicated most respondents are experiencing a lower quality of life. Based on a survey of 5,700 respondents, the report reveals that almost three-quarters (73%) said they would not be able to cope with an unexpected expense, such as a higher-than-expected household bill. Continue reading

29Oct/22

Elon Musk takes Twitter private – here’s what that means for the company and its chances of success

October 29, 2022FinanceBain Capital, Corporate finance, Creative Commons, Dell, Donald Trump, Economy, Elon Musk, Equity securities, Erik Gordon, Finance, Hyperloop, Kanye West, KKR & Co., Michael Dell, Money, Patrick, Private equity, San Francisco, Seth Wenig, TESLA, The Boring Company, Toys "R" Us, Twitter, Vornado Realty Trust, Walmart, Wenig, Yeadmin

Elon Musk has said he intends to complete his purchase of Twitter after earlier trying to wriggle out of the deal.
Patrick Pleul/Pool via AP

Erik Gordon, University of Michigan

Elon Musk has finally completed his US$44 billion deal to acquire Twitter and take it private.

Continue reading →

23Oct/22

Centurion Invest empowers African mass adoption of digital assets payments to Mpesa, Airtel, Orange through its partnership with ImpalaPay

October 23, 2022FinanceAfrica, Articles, Demography, Geography of Africa, Growth of religion, Human overpopulation, Population ecology, Population growth, Sub-Saharan Africa, World, World populationadmin

The UN predicts that between now and 2050, at least half of the world’s population growth will originate from Africa, which currently has the fastest-growing population. The use of cryptocurrencies is increasing worldwide, and Is Quietly Thriving in Sub-Saharan Africa. Continue reading

11Oct/22

Prudential plc and Google Cloud Announce Strategic Partnership to Make Healthcare and Financial Security More Accessible Across Asia and Africa

October 11, 2022FinanceCompanies, Holborn, Prudential, Prudential Financial, Prudential plcadmin

Leading insurance group, Prudential plc (Prudential) and Google Cloud today announced a strategic partnership to enhance health and financial inclusion for communities across Asia and Africa. Continue reading

06Oct/22

Largest Bank in the CEE Region to Enter Metaverse

October 6, 2022FinanceArticles, Digital media, Digital technology, Gruza, Information and communications technology, Internet, Media technology, Metaverse, Paweł Gruza, PKO, PKO Bank Polski, Virtual reality in fictionadmin

It will be used as a laboratory to broaden experience and to test relevant technological solutions. According to Paweł Gruza, vice president of the management board of PKO Bank Polski managing the work of the management board, in the perspective of a decade, Metaverse may become such development impulse for the global economy as the emergence of a PC, Internet and smart phones in the past. Continue reading

Category: Finance