Islamic finance continues to be a significant and growing part of the global financial landscape, with a $3 trillion finance market. It offers alternatives to the mainstream UK financial structure that align with Shari’ah law, including ethical, interest-free finance. Continue reading
Following the recent 0.5 percentage point reduction in the US Federal Reserve’s interest rate, global financial markets are reacting. While the move primarily affects American borrowers and savers, its effects are expected to ripple into the UK, particularly within London’s property market. Walter Soriano London Management (WSLM) examines the potential impacts on property landlords and investors in London’s rental sector. Continue reading
June 20, 2023 /Business/ — Africa is the second-most populous continent in the world, with over 1.3 billion people. The continent’s economy is also growing rapidly, with an average annual growth rate of 5.5%. This means that there is a huge potential market for African startups. Africa is a continent with a lot of diversity, both in terms of its people and its economies. This can present both challenges and opportunities for businesses. However, the opportunities are significant, and there are a number of government initiatives in place to support innovation. Continue reading
Andrew Urquhart, University of Reading
The US Securities and Exchange Commission (SEC) sued the cryptocurrency platform Coinbase shortly after launching a lawsuit against the world’s largest cryptocurrency exchange, Binance.
This isn’t the first time Binance and Coinbase have caught the SEC’s attention – it’s not even the first time this year. But the latest charges are much more serious, including accusations that the exchanges are operating without the correct registration.
Flutterwave, Africa’s leading payments technology company, has collaborated with Token.io, Europe’s leading account-to-account (A2A) payment infrastructure provider, to power Pay By Bank transfer capabilities for Flutterwave’s platform. The announcement was made today at the Money20/20 Europe fintech conference in Amsterdam. Continue reading
LONDON, May 2, 2023 /Finance/ — Whether or not you should hold on to XRP is a decision that only you can make. You should consider your own financial situation, risk tolerance, and investment goals before making a decision. Continue reading
New York, May 1, 2023 – The U.S. banking crisis that began in March 2023 was the result of a number of factors, including:
The collapse of Silicon Valley Bank: Silicon Valley Bank was a large regional bank that specialized in lending to technology companies. The bank’s collapse in March 2023 was a major blow to the banking industry and shook confidence in the financial system.
April 25, 2023 /Finance/ — Open banking is a financial services term for the practice of allowing third-party financial service providers to access customer data held by other financial institutions, through the use of application programming interfaces (APIs). The goal of open banking is to promote innovation and competition in the financial services industry by giving consumers more choices and control over their financial data. Continue reading
Eun Young (EY) Oh, University of Portsmouth
From chatbots and virtual assistants to fraud detection and risk management, artificial intelligence (AI) is now being used in many areas of finance. But what could an AI system like ChatGPT do for your bank balance?
AI tools might seem overly complex or expensive to non-experts, but advances in natural language processing and machine learning could turn ChatGPT and similar products into virtual personal finance assistants. This would mean having an expert on hand to help you make sense of the latest financial news and data.
April 19, 2023 /Legal/ –The issue of Apple and Goldman Sachs discriminating against married women who apply for Apple Card escalated after a number of women came forward with their stories. These women said that they were offered lower credit limits than their husbands, even though they had similar credit scores and income. Some of the women said that they were even denied credit altogether.
The women who came forward with their stories said that they were frustrated and angry. They felt like they were being discriminated against because of their gender. They also felt like Apple and Goldman Sachs were not taking their concerns seriously. Continue reading