The Fintech Trifecta: 5G, Blockchain and AI
Numerous technologies are in the race to play a center stage role in building a state of the art global fintech ecosystem. Industry experts agree that there are a few candidates who can markedly accelerate this process and potentially even lead to large scale fintech adoption globally. In this article we propose that the optimal fintech trifecta includes: 5G, Blockchain and AI.
Are Cryptocurrencies a bank´s business? Oh Yes!
The recent open letter published by the OCC is nothing less than a door opener for Banks into the world of cryptoassets/-currencies. Now any national bank can hold onto the unique cryptographic keys for a cryptocurrency wallet, clearing the way for national banks to hold digital assets for their clients. With this regulatory gap now closed and banks as intermediaries trusted by investors being able to move into the cryptosphere, a massive inflow of investment into this market is likely to be expected. However, given this banking revolution, banks now need a new type of infrastructure. They must be able to hold, store, or transmit cryptographic assets that are being kept, managed, and secured for others. And this is where Fintechs come into play! FinTechs, like the silicon-valley based Vesto descirbed in the article, have moved beyond just offering custodial services to supporting a complete end-to-end crypto banking-as-a-service platform.
Emergence of New Breed of Tax Professional in Digital VAT World
Emergence of New Breed of Tax Professional in Digital VAT World By Alia Noor, FCMA, CIMA, MBA, Oxford fintech programme, GCC VAT Comp Dip, COSO Framework Associate Partner Ahmad Alagbari Chartered Accountants Being able to track information ‘has always been the taxman’s dream’ – Pascal…
Universal Financial Inclusion in the Era of Fintech and COVID19
Universal Financial Inclusion in the Era of Fintech and COVID19 By Sebastian J. Olivera ,Spain Country Manager Spain – TaxScouts , Co-founder Women in FinTech – Interamerican Network and Founder Montevideo FinTech Forum. What is Fintech? One of the most common question I’d been answering for…
Fintech Innovations in Mobile Finance
Fintech Innovations in Mobile Finance By Alia Noor, Associate partner, Ahmad Alagbari Chartered Accountants, UAE The Payment Space goes back! As long as Mankind goes back! But what is Exciting in Payments? Mode of payment has become fast, faster, fastest. “Technology” had moved…
Quantum Computing- A Pathway to Exponential Fintech Adoption?
By deploying quantum at a larger scale within the fintech ecosystem it is foreseeable that quantum technology can become a major catalyst for adoption of fintech solutions globally.Fintech lies at the crossroads of exponential technologies and has been identified by the World Economic Forum and the World Bank as one of the major drivers of economic recovery. The WEF Global Future Council on Quantum Computing has recently laid out the future trends and highlighted how this new technology can transform multiple industries. The global impact on economic growth can be optimized by optimizing digital and financial inclusion, as well as fostering the development of an exponential economy where cross- and inter-disciplinary silos are overcome.
Are you Weaving Digital Mindset!
Are you Weaving Digital Mindset! By Alia Noor, Associate partner, Ahmad Alagbari Chartered Accountants, UAE Is it Exciting? …No! It’s interesting! What’s exciting is What can I do with this technology! World is changing profoundly and quickly… Information is king in today’s world ! where competitive…
Bitcoin – Gold of the Future – Update July 2020
Bitcoin – Gold of the Future – Update July 2020 By Frank Schwab, Germany Strategic Advisor, Speaker,Board Member at Gulf International Bank and at PayU, Co Founder FinTech Forum Since peaking at just under $ 20,000 on December 17, 2017, Bitcoin has lost more than…
FINTECH AND FINANCIAL INCLUSION IN THE ERA OF THE DIGITAL ECONOMY
FINTECH AND FINANCIAL INCLUSION IN THE ERA OF THE DIGITAL ECONOMY By Sebastian J. Olivera ,Spain Country Manager Spain – TaxScouts , Co-founder Women in FinTech – Interamerican Network and Founder Montevideo FinTech Forum. The 21st century poses a constant disruption. The new behavioral schemes based…
The Path Towards Creating A Sustainable Global Fintech Ecosystem
The Global Fintech Ecosystem of the future will hopefully be characterized by an increased financial diversity, financial inclusion, optimized digital fluency, enhanced socially responsible capital deployment, robust digital ethics programs and a human centric design. Only by investing in disruptive innovation and digital transformation, can the Global Fintech Ecosystem remain a key driver of the global economy. It is essential to collaborate with all other key players to further harmonize laws, regulatory guidelines or policies in order to facilitate a large scale adoption of state of the art financial technologies and financial instruments.