Tag Archives: Finance

28Dec/22

Japanese fintech leader Smartpay first to launch the next phase of digital consumer finance through open banking

Japan-based fintech Smartpay has launched Smartpay Bank Direct, the country’s first digital consumer finance service that allows customers to pay for online installment purchases straight from their bank accounts. Smartpay Bank Direct emphasizes user security while delivering convenience for the consumer, through a network of 67 partner banks across Japan[1]. Smartpay is Japan’s first digital consumer finance company to utilize Japan’s open banking system. Continue reading

13Dec/22

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

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

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

08Dec/22

The Metaverse and NFTs of The Abode of Chaos dixit NYT, Contemporary Art Museum and headquarters of Artprice by Artmarket.com – a reality according to n°2208 of the monthly magazine Géomètre (creation 1847)

Taking into account Artmarket.com’s shareholder equity, equity of the market, and their access to any information likely to impact the share price, Artmarket.com must inform the market and its shareholders of the publication of a long article by Marielle Mayo, entitled “Abode of Chaos, a Metaverse in the making” which appears in the December 2022 n°2208 issue of the monthly magazine Géomètre© (creation 1847).

This article reports on the Metaverse of the Organe Contemporary Art Museum which manages La Demeure du Chaos / Abode of Chaos (dixit The New York Times), extended to Artprice’s headquarters, specifically the NFT Marketplace linked to the Blockchain. Continue reading

29Oct/22

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

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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17Oct/22

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

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

23Sep/22

Rise Start-Up Academy Opens Applications to FinTech Experts

Rise, created by Barclays – a global community of the world’s top innovators working together to create the future of financial services – has opened applications for the next cohort of the Rise Start-Up Academy. The theme for this cohort is specifically focused on supporting budding founders who find themselves out of their FinTech jobs due to the current economic climate. Continue reading

05Aug/22

UK interest rate rise: what the Bank of England’s historic hike means for your money

Jonquil Lowe, The Open University

The Bank of England has raised its base rate by 0.5 percentage points, the largest single upward jump in 27 years. It takes the base rate to 1.75%, its highest level since 2008. This latest interest rate hike will affect personal finances and reflects the Bank’s efforts to control rampant inflation amid the cost of living crisis in the UK.

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