Tag Archives: Economy

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.
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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.

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27Oct/22

The whole world is facing a debt crisis – but richer countries can afford to stop it

October 27, 2022EconomyArgentina, Asian financial crisis, Austerity, China, Creative Commons, Debt, Debt relief, Economy, Egypt, Financial crises, Financial crisis, Foreign exchange reserves, Ghana, International macroeconomics, International Monetary Fund, Kenya, Pakistan, Patrick E. Shea, Qatar, Russia, Saudi Arabia, SHUTTERSTOCK, Sri Lanka, Stock market crashes, Turkey, Ukraine, United Arab Emirates, United Nations Development Group, United States, Zambiaadmin

Patrick E. Shea, University of Glasgow

Countries across the world are drifting towards a debt crisis. Economic slowdowns and rising inflation have increased demands on spending, making it almost impossible for many governments to pay back the money they owe.

Continue reading →

17Oct/22

Will South Africa’s street vendors go bust in a cashless world?

October 17, 2022EconomyCashless society, Chantal Maritz, Digital currency, Economy, Finance, First National Bank, Ghana, JOHANNESBURG, Kenya, Kim Harrisberg, Lebogang Ramathoka, Michael Thomson, Money, Payment card, Payment systems, PricewaterhouseCoopers, QR code payment, South Africa, Thomas Nhassavele, Timothy, Yocoadmin

Kim Harrisberg

Published: October 12, 2022

Digital payments on the rise in South Africa
People without mobile phones, bank accounts excluded
Calls for innovation to include informal economy

JOHANNESBURG – For more than a decade, musician Thomas Nhassavele has been busking next to the parking payment machine at Johannesburg’s Rosebank Mall, where drivers often dropped their change into his guitar case. Continue reading →

12Oct/22

New Book, “The Unicorn Within: How Companies Can Create Game-Changing Ventures at Startup Speed,” from Founder and CEO of Mach49, the Growth Incubator for Global Businesses

October 12, 2022BusinessArticles, Business, Business incubators, Economy, Entrepreneurship, Harvard Business Review, Linda Yates, Manitoba Provincial Road 272, Meir Joe, Private equity, Startup company, Welshpool and Llanfair Light Railwayadmin

Mach49, the leading growth incubator for global businesses, announces the upcoming release of the book The Unicorn Within: How Companies Can Create Game-Changing Ventures at Startup Speed, authored by its founder and CEO, Linda Yates. Harvard Business Review (HBR) Press will publish the book on October 25, 2022. Continue reading

12Oct/22

How many work projects are too many? Here’s why you should tell your boss to stop at five

October 12, 2022BusinessAnatoli Colicev, Articles, Creative Commons, Economic growth, Economy, Management, Manufacturing, Productivity, Resource management, SHUTTERSTOCK, Tuuli Hakkarainenadmin

Anatoli Colicev, University of Liverpool and Tuuli Hakkarainen, University of Liverpool

Working across several projects is the norm for most jobs these days. In fact, more than 80% of employees juggle multiple work projects at once, according to recent research.

Continue reading →

06Oct/22

Banking in 2035: Trust, climate risks and geopolitical rivalry shape a purpose-driven industry, forecasts study

October 6, 2022FinanceAnalytics, Articles, Bank, Banking, Economic history of Italy, Economy, Impactadmin

As disruptive forces roil today’s financial sector, banking execs are scrutinizing the evolving role of banks in the most competitive market they’ve ever faced. What does the future hold? And how can they meet the challenges ahead to forge a brighter future – both for the industry and the greater world? Such is the focus of a new future of banking study, Banking in 2035: three possible futures, by Economist Impact and sponsored by AI and analytics leader SAS. Continue reading