Tag Archives: Finance

20Jun/23

Africa is not a jungle, it’s an innovation hub

June 20, 2023InnovationAngelHub, Business incubators, Economy, Entrepreneurship, Finance, Financial technology, Fintech, Fintech awards, Ghana, Google for Startups, Kigali, LINKEDIN, Money, Nigeria, Private equity, Rwanda, Senegal, Startup company, Unicorn, United States, Varun Mittal, Venture capital, Zambiaadmin

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 →

19Jun/23

US regulators continue crypto crackdown – but here’s why the latest charges are different

June 19, 2023FinanceAndrew Urquhart, Binance, Bitcoin, Blockchain, Cayman Islands, Changpeng Zhao, Coinbase, Coinbase Global Inc, Creative Commons, Cryptocurrencies, Cryptocurrency bubble, Cryptocurrency exchange, Economy, Finance, Gary Gensler, Howey, Initial coin offering, Money, Ripple, Ripple Labs, Shutterstock Global, United Kingdom, United Statesadmin

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.

Continue reading →

06Jun/23

Flutterwave and Token.io Team Up to Provide Pay By Bank Transfer to Users in UK and EU

June 6, 2023FinanceAmsterdam, Economy, Finance, Financial technology, Mobile payments, Money, Online payments, PayMe, Paymentadmin

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

02May/23

Does XRP really have a future? Advise to XRP hodlers

May 2, 2023FinanceAsset classes, Binance, Blockchain, Cryptocurrencies, Economy, Ethereum, Finance, London, Money, Ripple, Ripple Labs, Solana, Stablecoin, Tetheradmin

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 →

01May/23

Why is J.P. Morgan helping First Republic Bank?

May 1, 2023FinanceBank, Bank regulation in the United States, Banking, Chase Bank, China, Deposit insurance, Federal Deposit Insurance Corporation, Finance, Financial services, First Republic Bank, Goldman Sachs, Government intervention during the subprime mortgage crisis, House of Morgan, J.P. Morgan & Co., JPMorgan Chase, Morgan Stanley, New York, Silicon Valley Bank, Ukraine, United Statesadmin

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.

Continue reading →

25Apr/23

The current state of open banking regulation around the world.

April 25, 2023FinanceAustralia, Bank, Brazil, E-commerce, Economy, Finance, Financial markets, Financial technology, Mobile banking, Money, Open banking, Payment Services Directive, Payment systems, Personal financial management, Singapore, United Kingdom, United Statesadmin

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 →

25Apr/23

ChatGPT: how to use AI as a virtual financial adviser

April 25, 2023FinanceAcademic disciplines, Applications of artificial intelligence, Articles, Artificial intelligence, Computational neuroscience, Creative Commons, Cybernetics, Eun Young, Finance, Financial risk, SHUTTERSTOCK, Stock market, Technologyadmin

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.

Continue reading →

19Apr/23

Class Action Accuses Apple, Goldman Sachs of Discriminating Against Married Women Who Apply for Apple Card

April 19, 2023LegalApple, Apple Card, Apple Inc., Articles, Artificial intelligence, Companies, Finance, Goldman Sachs, Subprime mortgage crisis, Yaoiadmin

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 →

18Apr/23

The National Pension Scheme Authority (NAPSA) of Zambia allows partial pension withdrawals

April 18, 2023FinanceEconomy, Finance, Money, Napsa, National Pension System, Pensions, Personal finance, Social law, Zambiaadmin

April 18, 2023 /Finance/ — The law allows NAPSA beneficiaries to withdraw a portion of their pension savings before they reach retirement age. The amount that can be withdrawn is limited to 50% of the accumulated savings, and the withdrawal can be made in installments over a period of up to 10 years.

To qualify for partial pension withdrawal, beneficiaries must meet the following criteria: Continue reading →

18Apr/23

Debt dangers in Africa: how defaults hurt people, and why forgiveness isn’t the answer

April 18, 2023EconomyAngola, Austerity, Cabo Verde, Caroline Southey, Creative Commons, Debt, Debt of developing countries, Debt relief, Economy, Egypt, Eritrea, Finance, Fiscal policy, Ghana, Ghanaian Cedi, Government debt, International Monetary Fund, Malawi, Money, Namibia, Philippe Burger, Republic of Congo, Rwanda, Senegal, Sierra Leone, South Africa, Sudan, United Kingdom national debt, United States, Zambia, Zambian Kwacha (Rebased Jan 2013), Zimbabweadmin

Philippe Burger, University of the Free State

Public debt repayments in some African countries are at their highest levels since 1998. The Conversation Africa’s founding editor Caroline Southey talks to dean and economics professor Philippe Burger about the danger of debt problems some African countries face.

Continue reading →

Tag: Finance