#fintech News

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New “Code of Practice” Bolsters Cryptocurrency Regulation in Singapore

August 20, 2019 by Edoardo Vecchio at Regulation

The Association of Cryptocurrency Enterprises and Start-ups, Singapore (ACCESS) together with the Monetary Authority of Singapore (MAS) developed a new ‘Code of Practice’ to set standards of good practice regarding Anti-Money Laundering (AML) and countering the financing of terrorism measures for crypto-related businesses. This according to news published by The...

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Research: Global Financial Services Executives Believe Blockchain is Essential

July 23, 2019 by Ogwu Osaemezu Emmanuel at Business

Nine out of ten global executives in the financial services and insurance industry (FS&I) believe in the need for transformational digital change through the use of distributed ledger technology (DLT) and artificial intelligence (AI) amongst other new technologies. They say these innovative technologies are needed to stay ahead of the...

Scope of DAI Use Cases are Exponentially Widening

June 9, 2019 by Ashwath Balakrishnan at News, Stablecoins

A recent report from MakerDAO digs into the growing adoption of the DAI stablecoin. Issuance of DAI may be done through Maker debt contracts, but usage is being leveraged across the Ethereum dApp ecosystem, June 8, 2019. DAI Use Case Bolsters Ethereum DeFi As a landmark year for cryptocurrency development...

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Wharton Collaborates with Coursera to Offer Fintech and DLT Courses

May 31, 2019 by Ogwu Osaemezu Emmanuel at Education, News

The Wharton School of the University of Pennsylvania, the world’s first collegiate business school, has joined forces with Coursera to launch a new online program dubbed “Fintech: Foundations and Applications of Financial Technologies,” to equip students with the essential skills they need to function in the rapidly changing business ecosystem...

Hong Kong and Thai Authorities Sign Fintech MoU

May 16, 2019 by Ogwu Osaemezu Emmanuel at Business, Finance, News, Regulation

The Hong Kong Monetary Authority (HKMA) has signed a memorandum of understanding with the Bank of Thailand (BOT), in a bid to promote financial technology (fintech) collaborations between the two regulators, according to a Crowdfund Insider report on May 14, 2019. The Basel Connection Per sources close to the matter,...

Revolut Attempts to Wash the Sins amidst Increasing Controversy

April 30, 2019 by Mohammad Musharraf at Business, Commentary, Development, News

Backed by leaked internal messages, Revolut’s senior staff has been accused of attacking critics for speaking against them while job applicants complained about the company demanding them to fulfill requirements such as getting ten users to sign-up on their platform to qualify for the job, WIRED reported April 29, 2019....

Regulatory Sandbox to Be Established Soon in Austria

April 29, 2019 by Mohammad Musharraf at Adoption, Development, News, Regulation

According to a report released on April 25, 2019, Austria is planning to review and establish a fintech regulatory sandbox in an attempt to align financial markets around digitized services, ICOs and cryptocurrencies with the country’s law and help grow the market. Strengthening Austria’s Financial Services Last year, the FinTech...

South Korean Prosecutors Create Task Force to Combat Crypto Criminals

March 7, 2019 by Nuno Menezes at Crime, News, Regulation, Tech

Seoul prosecutors announced on March 5, 2019, that they are forming a "Task Force" with the sole purpose of fighting off crypto and fintech-related crimes of fraud as reported by the country’s News1 Agency. Crime Fighting in Korea To fight off an 800 percent increase in crypto-related and fintech-related crimes...

Circle Internet Financial Acquires SeedInvest Crowdfunding Platform

March 6, 2019 by Ogwu Osaemezu Emmanuel at Business, Finance, News, Regulation

Circle, a U.S-based fintech firm has completed the acquisition process of SeedInvest in a bid to establish a robust token marketplace that would allow businesses as well as individuals to raise capital via open crypto rails and infrastructure, according to a blog post March 4, 2019. Circle Officially Takes Over...

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Indian Institute of Management Plans Advanced Blockchain and Fintech Course

February 28, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, News

The Indian Institute of Management, (IIM) has joined forces with TalentSprint, a digital platform involved in placement of banking workers, teachers, and technical education, to roll out an advanced programme in financial technology (fintech) and blockchain technology for management and finance professionals, this according to local news source The Asian...

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