GAME OF FINTECH
Fintech-The Great Enabler of the Next Industrial Revolution
When compared with other contenders of the industrial revolution, one could argue that fintech is a gateway for all emerging technologies, the conduit towards financial inclusion and paving the way towards building a revitalized post-pandemic economy. Stakeholders within the fintech ecosystem need to collaborate and develop legal and regulatory frameworks that are harmonized with the pace of technological development. Only by fully leveraging the benefits of a hyperconnected world can we rebuild a strong economy that is resilient and sustainable.
As a society, we must continue to invest and promote innovation in the fintech space, while at the same time focusing on building a culture of ethics and maintaining a social impact mindset so future generations can look back at the major accomplishments achieved within this current industrial revolution era.
A Digital Ruble. A Government’s Forbidden Fruit Growing in the Garden of Eden
𝒜 𝒹𝒾𝑔𝒾𝓉𝒶𝓁 𝑅𝓊𝒷𝓁𝑒. 𝒜 𝒢𝑜𝓋𝑒𝓇𝓃𝓂𝑒𝓃𝓉`𝓈 𝒻𝑜𝓇𝒷𝒾𝒹𝒹𝑒𝓃 𝒻𝓇𝓊𝒾𝓉 𝑔𝓇𝑜𝓌𝒾𝓃𝑔 𝒾𝓃 𝓉𝒽𝑒 𝒢𝒶𝓇𝒹𝑒𝓃 𝑜𝒻 𝐸𝒹𝑒𝓃? 🍎 By Rene Gruner, C₿P, Chief Editor and Futurist at BankSith.com.Switzerland Background The Bank of Russia intends to enhance the payment system so that it meets the changing…
Crypto – Is it the Gift that could keep Giving?
Crypto – Is it the Gift that could keep Giving? By Dr Jane Thomason “Some who have become rich from early adoption of bitcoin and other cryptocurrencies, have chosen to turn to philanthropy and a number of prominent figures in crypto have made sizable…
Digital Identity- A Fintech Catalyst
The fintech industry is widely regarded as a major driver for financial inclusion and establishment of digital identities, however one could also argue that the global effort to create digital identities acts as a catalyst for the proliferation of neobanks, large scale mobile payments adoption and digital currency utilization.
Artificial Intelligence the Next key in the Banking Transformation
Artificial Intelligence the Next key in the Banking Transformation. By Arturo Alejandro Canseco, Legal & fintech associate at Ramos Ripoll Schuster firm Payments – Fintech Foreign Advisor at Etisalat, Mexico Artificial intelligence has represented a drastic change in the evolution of the technological…
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…