Fintech, crypto under scrutiny in high-stakes global AML efforts
The fintech and cryptocurrency industries have recently found itself under the stern gaze of global anti-money laundering (AML) watchdogs. This shift marks a significant pivot from traditional financial institutions to these burgeoning sectors. In an unprecedented turn of events, the fintech and crypto sectors have outpaced their conventional counterparts in terms of penalties for failing […]
Dubai DFSA regulator to allow local crypto investment funds and more
DFSA ( Dubai Financial Services Authority) the regulatory arm of Dubai’s International Financial center will be updating its crypto assets regulatory framework with some new amendments that would cover crypto assets, crypto custody DeFi, stablecoins, crypto investment funds and crypto in insurance as well as money laundering and terrorist financing. As such it has come […]
Fintech 2024: Key Trends Shaping the Financial Landscape
The fintech industry is in the midst of a transformational shift driven by a wave of emerging technologies poised to reshape the financial landscape. In 2024, stakeholders face unprecedented competition, and business models are evolving acceleratedly. As we explore the key trends that will define fintech this year, one thing is clear: innovation, for its […]
Abu Dhabi ADGM to amend its virtual asset regulations and introduce DeFi regulations
The Abu Dhabi financial free zone hub, ADGM (Abu Dhabi Global Market) and its regulatory body the FSRA (Financial Services regulatory Authority) have published their business plan for 2024 which outlines introducing DeFi regulations as well as amendments to its virtual assets regulatory framework. ADGM which announced its virtual assets framework back in 2018 has […]
African banks in panic mode as fintech and telcos gain ground
The banking landscape in Africa is at a crossroads, with nearly half of the continent’s financial institutions identifying fintechs and telecommunications companies as significant threats, according to the most recent African Banker annual report. With the rapid digital transformation across industries, the banking sector in the continent is being compelled to adapt or risk being […]
Britain leans on Fintechs to shake up banking services
In a bid to spur more competition in the banking sector, Britain’s financial regulators announced plans to establish a new body over the next two years that will promote the use of third-party fintech applications. The move is aimed at expanding the country’s open banking initiatives and maintaining London’s status as a global fintech hub […]
Jordan Financial Expo & Award, where the past embraces the blockchain-based future
What does the Chairman of the Board of Directors of the Amman Stock Exchange, half of the elected Government cabinet of Jordan including the Prime Minister and Mr. KEY, have in common? Well, they all speak this week at the Jordan Financial Expo, 1st-2nd November 2022 | Mövenpick Hotel | Amman – Jordan! The roster […]
Lord Hammond assumes a new thrilling advisory role at Copper
TL;DR Breakdown Lord Hammond takes up a new strategic advisory role at Copper. The firm hopes to use Lord Hammond’s expertise to guide its plans for global expansion. Copper, a UK-based cryptocurrency startup, has announced that Philip Hammond will be joining its team. Lord Hammond is a former UK Chancellor of the Exchequer. He served […]
FinCEN’s crypto wallet regulations frozen by President Biden
TL;DR Breakdown Joe Biden orders all federal agencies to suspend all regulatory processes. FinCEN had earlier proposed that all crypto wallets enforce KYC rules. Members of the crypto community show support for the new President’s order. United States President, Joe Biden, has ordered all federal agencies to suspend all regulatory processes for the next 60 […]
Why FinTech should love Content Marketing
The FinTech industry is changing rapidly and now faces the question: Is the technology growth forcing fintech to evolve? Or conversely, do the needs of fintech urge the technology to step up? Why should I bring it up, or how does it relate to content marketing? You ask. Well, hold your horses. I would say […]
Navigating through the challenges of Blockchain Tech to fast track development of the FinTech Market
What the FinTech Market must know about Blockchain Tech When you look at this whole scenario, you have, on one hand, the whole FinTech market, which has been there for a very long time. It is the cornerstone for years right now, everything in the world functions because of the FinTech system. On the other […]
Preparing for massive FinTech Marketing demands in 2021
Introduction Why would there be a massive demand for marketing with the FinTech world? That’s a pretty interesting question because if you look at the current trends that we have, there are more and more FinTech companies coming in every single day. This was not the case in the past. Even 10 years ago, five […]
Ripple is one of the largest Fin-tech companies
Ripple has been crowned the fourth most prestigious VC-backed Fin-tech company in the world, according to CB. CB, a global market intelligence, released a report with its findings. The international company put together data about the most significant VC-backed Fin-tech organizations. Ripple is one of the largest Fin-tech companies Ripple has been crowned the fourth […]
Decentralized electric car charging network: Honda and GM unveils standards
Mobility Open Blockchain Initiative, MOBI, initiative chaired by Honda and General Motors yesterday announced how decentralized electric car charging network can be integrated into a blockchain network. In a statement released to pressmen yesterday, MOBI made it known that it had designed a basic requirement system that lays the groundwork for decentralized electric car charging […]
BMW Korea launches blockchain-based token rewards platform
Through its South Korea Branch, BMW Korea, Luxury automobile giant BMW has released a reward system called “BMW Vantage” based on blockchain to its client based in the Asian country. The main objective of the reward program is to encourage the clients of the German carmaker to use the products and services of the firm […]
Lemonway partners with RippleNet for faster Euro-to-Euro payouts
French Europe’s leading payment institution, Lemonway, was announced to have joined RippleNet by its parent company, Ripple, on 6 October 2020. The new burgeoning partnership, which seeks to make transactions across European borders faster, secured, and more transparent, would see Lemonway try to use the strong Ripple’s blockchain network for its current euro-to-euro payments, which […]
Access to DeFi Oracles: Radix integrates Chainlink
DeFi oracles would become easily available to Radix developers as Radix yesterday declared that it would be integrating the popular Chainlink system into its works. The pioneer layer-1 built for the basis of a decentralized monetary network, Radix, made this decision so that its developers would easily benefit from the wide range of access it […]
Ethereum scalability and speed issues edges SingularityNET towards Cardano
SingularityNET has announced that it would make a partial move away from the Ethereum Blockchain stating Ethereum scalability issues as the main push. With the partial move away due to happen anytime soon, SingularityNET has said that it is looking at the possibility of shifting to the Cardano blockchain. A move to the Cardano blockchain […]
IOTA Access partners with Jaguar Land Rover
IOTA has announced its partnership with Jaguar Land Rover and other firms in a bid to unveil its newest innovation, IOTA Access. According to IOTA, the new software is an infrastructure that is used to gain entrance into the control systems of various smart devices via its open-source infrastructure. If the launch of the new […]
Crypto transactions: Columbia government launches a pilot program that allows less regulatory oversight
Columbian government has announced a pilot program that would allow companies to carry out crypto transactions with reduced regulatory oversights. Columbia has further made a massive move in its quest to use blockchain technology to check crypto transactions after inviting companies to try out the program. According to the authorities, the trial is currently open […]
Blockchain gaming: Team3D launches VIDYA token
Team 3D has achieved yet another remarkable feat in the blockchain gaming industry after it launched the new VIDYA token. According to Team 3D, the creation of the VIDYA token was a move by the company to widen their reach in the current budding blockchain gaming industry. Furthermore, the company wants to use the new […]
BitMart Exchange partners with top cybersecurity solutions provider
Renowned crypto exchange firm, BitMart Exchange, has recently revealed its intentions to enter into a partnership with a cybersecurity firm, Hacken, to make crypto trading safer. In the tweet that was released, BitMart Exchange lamented the number of losses that clients have had to endure while saying this new development will be a groundbreaking innovation. […]
BRD collaborates with other blockchain enterprises to expand banking possibilities
BRD wants to meet banking industry regulatory needs Tech company partners with others to provide KYC and AML solutions This collaboration will provide a framework for third-party custody solutions BRD starts the collaboration with other tech companies in an effort to improve its offerings for the banking sector. The crypto wallet provider took this step […]
Blockchain experts: the Bank for International Settlements’ new hope
BIS, one of the most important banking institutions in the world, is hiring blockchain experts New hirings will be leads of development projects employing the blockchain technology It can be expected that such projects will be adopted by central banks of major economies The Bank for International Settlements (BIS) has today announced that they are […]
The DAML connects BNP Paribas with major global stock exchanges
“The DAML connects BNP Paribas with major global stock exchanges” the news of the day in the blockchain technology world. BNP Paribas Securities Services is partnering with Digital Asset to develop a number of the DAML-based apps that will provide real-time access to trade and settlement services for customers in the Asia Pacific region. The […]
Crypto tax payment system launched in Switzerland
Bitcoin adoption has seen a further boost in the region of Zug after authorities announced that holders of crypto are now allowed to make crypto tax payments. The area is famous for its crypto-related activities and has been dubbed ‘crypto valley’ by crypto savvy experts around the world. In the report that was submitted by […]
Pornhub premium subscription: Bitcoin and Litecoin now accepted
Popular porn platform, Pornhub has announced that it has started accepting payments for Pornhub premium subscription via Bitcoin and Litecoin. The announcement of the new payment method was announced by the company on its official Twitter handle. To buttress the point, Vice President at Pornhub, Corey Price, said he and his team have been working […]
Swipe to launch crypto-supporting US Dollar Checking Accounts
Swipe has announced that in its quest to bring US Dollar Checking Accounts services to its clients in the United States, it has partnered with Evolve Bank &Trust. Swipe offers digital assets and debit cards services across the United States of America and boasts of a huge pool of clients across the country. In the […]
Ripple dragged to court in Australia over the PayID trademark
Ripple is set to spend the next few months arguing a court case after it was slammed with a PayID trademark infringement lawsuit. The National Payments Platform Australia (NPPA) has decided to sue Ripple following the use of the PayID trademark by the digital assets outfit. According to the NPPA, Ripple’s infringement on their brand […]
Big Four accounting firm EY named top enterprise Blockchain solution provider
One of the “Big Four” accounting companies, Ernst & Young (EY) has been ranked as a leading enterprise Blockchain solution provider. EY provides enterprise-grade solutions using its Blockchain tools like the OpsChain tool and more. Its focus on enabling enterprises to operate and conduct several transactions securely and safely. EY named top-three enterprise Blockchain solution […]
Crypterium VISA Europe partnership official with new crypto payment card
The Crypterium VISA Europe partnership has been confirmed officially. The collaboration is a natural choice as Crypterium works towards making digital currencies at par with cash by partnering with appropriate services and companies. Crypterium Diversifies Its Card Offering With The New Crypterium Card VISA Edition! #Crypto #Blockchain #Visa #Crypterium https://t.co/d3TZwGLrxq — The Capital Platform (@thecapital_io) […]
Dedicated fintech jobs board in Singapore to aid COVID-19 recovery
A fintech jobs board built by the Singapore Fintech Association is set to erase the COVID-19 job losses. The Singapore Fintech Association announced the noble project on Monday, and the platform has already had more than 500 vacancies for the candidates to apply. The newly launched portal is a bridge between employers and job seekers […]
DeFi space welcomes REN and renBTC Bancor V2 launch pools
The upcoming REN and renBTC Bancor V2 launch pools are set to expand the already booming DeFi realm. Such quick pace of advances in DeFi is partly due to the great crypto wealth shift that is currently underway. The REN and renBTC Bancor V2 launch pools represent the growing acceptance of alternative finance powered by […]
Former Wirecard CEO Markus Braun has been detained by Munich police
Former Wirecard CEO Markus Braun has been arrested by Munich police under suspicion of falsifying its accounts. As Cryptopolitan previously reported, Wirecard, a German Fintech company, misrepresented 1.9 billion euros ($2.1 billion), which accounts for nearly one-third of the company’s claimed assets. Company in trouble Wirecard was stuck between a rock and a hard place […]
PayPal and Venmo set to delve into cryptocurrency industry?
If Coindesk sources are to be believed that two prominent names in the online payments industry Paypal and Venmo are planning to offer buying and selling of cryptocurrencies to their 305 million user base. Fintech giant Paypal and its mobile payment service Venmo are ready to delve into the vast and complex world of the […]
Asia Blockchain Summit 2020: The future of blockchain is here
Preparations are in full swing as one of blockchain’s industry’s most anticipated events – Asia Blockchain Summit 2020, will be making a virtual appearance this year in July. Asia Blockchain Summit 2020 brings prominent figures, influential CEOs, and the most outspoken founders and CEOs from the blockchain industry under one roof. Although it is its […]
Blockchain technology a front runner in Hong Kong’s fintech industry
Blockchain technology was the most preferred fintech category for investments and growth in Hong Kong in 2019, revealed a recently shared report by the region’s Financial Services and the Treasury Bureau, a regulatory body for finance and treasury. Asia’s World City, Hong Kong, not only serves as the gateway to China but also a thriving […]
Blockchain sandbox launched in Lithuania
The official spokesperson of the Bank of Lithuania has announced that the financial outfit has rolled out plans to back up the sector of the country that are not in the finance sector. According to the report submitted to Europe World News, the financial powerhouse commenced and completed a Blockchain sandbox known widely as the […]
Fintech in Latin America boom calls for regulation
Though FinTech in Latin America is a bit late to the party, yet it has been growing phenomenally. Recently, the sector was given a valuation of over $150, and it keeps on expanding year-on-year. Meanwhile, the long-term impact of the prevailing pandemic is yet to be realized; however, the demand for fintech solutions would eventually […]
Samsung Pay to roll out debit card this summer
South Korean technology giant Samsung has teamed up with American online fintech company SoFi to launch Samsung Pay debit card sometime around this summer, confirmed an official blog post from Thursday. It appears that the financial services space is the new hotbed for innovation and growth for most technology companies. Last month, it was the […]