Search Results for: financial services

January 6, 2025 @ 10:35 am By Omar Faridi  |  

Chiliz Group, the global enabler of blockchain technology for sports and entertainment, is pleased to announce that its platform, Socios.com, has secured authorization from the Malta Financial Services Authority (MFSA), building upon the in-principle approval announced in October last year. This milestone reinforces Chiliz Group’s… Read More

December 29, 2024 @ 1:38 pm By Omar Faridi  |  

The Financial Services Regulatory Authority of ADGM (FSRA) has signed a Memorandum of Understanding (MOU) with the UAE Ministry of Interior, to enhance coordination in combating financial crime related to virtual assets. The agreement aims to facilitate the exchange of information, strengthen risk mitigation frameworks,… Read More

December 28, 2024 @ 11:31 am By Omar Faridi  |  

Milan based Habacus has reportedly finalized a $5 million seed funding round in order to offer students / learners an ecosystem of services, including various financial services and products. Habacus, the Milan-headquartered student service ecosystem, has raised the new funding in order to develop its… Read More

December 17, 2024 @ 1:25 pm By Omar Faridi  |  

Digital identity verification is a term that is evolving and often given different definitions, according to an update from Juniper Research. Juniper Research considers digital identity to be defined more formally as follows: ‘A digital representation of an entity; this can be one or more… Read More

December 16, 2024 @ 10:19 am By JD Alois  |  

The Committee on the Judiciary and the Select Subcommittee on the Weaponization of the Federal Government issued its interim report this month outlining the abuse of financial data by the federal government. Whether you are a Republican or Democrat, you should be outraged by this… Read More

December 12, 2024 @ 4:51 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has announced a final rule that addresses the overdraft system for consumers who need credit beyond an existing balance. The new rule allows large banks several options for overdrafts: They can choose to charge $5; To offer overdraft as… Read More

December 12, 2024 @ 4:11 pm By JD Alois  |  

Representative French Hill is slated to take over the powerful House Financial Services Committee following the exit of popular Chairman Patrick McHenry. Multiple news outlets are reporting the selection of Hill, who has edged out several others interested in the chairman position. The Digital Chamber… Read More

December 10, 2024 @ 3:00 pm By JD Alois  |  

The team at the Cambridge Centre for Alternative Finance (CCAF), along with the WEF [World Economic Forum] and Max Planck Institute, have published a report on Artificial Intelligence (AI), claiming that Agentic AI is poised to revolutionize financial services. Agentic AI is tech that can… Read More

December 5, 2024 @ 5:03 pm By Omar Faridi  |  

With the aim of attaining “high” compliance standards within the financial service industry, including the investment sector, the Malta Financial Services Authority (MFSA) conducts a range of supervisory activities using a set of diversified tools, such as “on-site Inspections, off-site work and meetings.” As a… Read More

December 4, 2024 @ 4:26 pm By Omar Faridi  |  

PwC announced a collaboration agreement with Amazon Web Services (AWS) to help drive innovation using the advancements in cloud and generative AI (GenAI) services. The collaboration will now aim to bring together PwC’s industry insights with AWS’ GenAI services, including Amazon Bedrock, which offers a… Read More

December 4, 2024 @ 11:59 am By JD Alois  |  

President-elect Donald Trump has emerged as the top advocate of digital assets and the need to enable crypto innovation. This contrasts with the outgoing President Joe Biden, whose administration sought to crush digital asset innovation at every opportunity. Today, during a House Financial Services Committee… Read More

December 3, 2024 @ 2:59 pm By JD Alois  |  

Tomorrow, the House Financial Services Committee is holding a Hearing on Fintech. Entitled Innovation Revolution: How Technology is Shaping the Future of Finance, multiple well-known entities in the Fintech sector will share their knowledge with the Committee. Those scheduled to testify, include: Denelle Dixon, CEO &… Read More

November 30, 2024 @ 6:09 pm By Tony Zerucha  |  

This week, Zetaris, a provider of AI data hub solutions, launched a suite of agentic AI capabilities for financial services, including AI Digital Brokers, AI Bankers, and other specialized AI solutions. Zetaris AI agents augment human expertise and empower financial professionals to focus on complex,… Read More

November 26, 2024 @ 12:06 pm By JD Alois  |  

The House Financial Services Committee has scheduled a full Committee hearing to discuss Fintech. Entitled “Innovation Revolution: How Technology is Shaping the Future of Finance,” this may be the last Fintech hearing under Committee Chairman Patrick McHenry, who has announced his retirement from Congress. The hearing… Read More

November 25, 2024 @ 8:31 am By Omar Faridi  |  

10x Banking, the cloud-native core banking platform, has partnered with Alloy, an identity and fraud prevention platform, to deliver a frictionless customer onboarding, perpetual KYC and KYB monitoring, and credit decisioning platform for financial institutions globally. The partnership brings together 10x’s meta-core platform with Alloy’s… Read More

November 10, 2024 @ 9:46 pm By Omar Faridi  |  

Denis Beau, the First Deputy Governor of the Banque de France noted recently the use of Artificial intelligence (AI) is on the rise and that the possibilities offered by this set of technologies seem “immense.” Beau added in a blog post from the Banque de… Read More

November 3, 2024 @ 10:48 pm By Omar Faridi  |  

More than 130 countries, representing 98% of global GDP are exploring Central Bank Digital Currencies (CBDCs) to boost financial inclusion and transaction efficiency. Mathias Studach, Head Finance, Risk & Organizational Development at SIX Digital Exchange (SDX) has shared key insights with CI on these developments…. Read More

November 3, 2024 @ 6:15 pm By Omar Faridi  |  

Asia’s economies can embrace services in order to boost growth and productivity, according to an update from the International Monetary Fund (IMF). The latest report from the IMF noted that manufacturing has been the engine of growth in Asia, but a transition to “modern, tradable… Read More

November 3, 2024 @ 4:09 pm By Michael Wong  |  

Warburg AI, a UAE-based artificial intelligence company specializing in financial services, has raised $250,000 in seed funding to accelerate the development of its AI-driven financial solutions, according to an announcement. Founded in September 2024 in Sharjah by entrepreneurs Ben Feaver, Lancelot de Brier, and Madiyar… Read More

October 28, 2024 @ 2:50 pm By Omar Faridi  |  

More than three quarters (76%) of financial services professionals across the UK are planning to increase office attendance in the next 12 months, according to new research from KPMG UK. The survey, shared by KPMG UK, of 150 executives working across banking, insurance, asset and… Read More