Tagged: wef

The Future of Global Fintech: CCAF Presents Report at Davos

  The Cambridge Centre for Alternative Finance (CCAF) was at Davos, Switzerland, today to present their latest findings on the Fintech revolution at the World Economic Forum.  The Future of Global Fintech: Towards Resilient and Inclusive Growth was published this month and introduced today, outlining… Read More

Climate Finance Remains Key Priority, Funding to Reach Net-Zero Still Falling Short – WEF Report

Climate finance was central to discussions at COP28 in Dubai and funding to reach net-zero and restore biodiversity is still falling short, according to an update shared by the World Economic Forum (WEF). New research published by WEF highlights priorities “for action and shows how… Read More

$13.5 Trillion in Investments Needed by 2050 to Transition to a More Sustainable Future – WEF Report

Transitioning to a more sustainable and carbon-neutral future, $13.5 trillion in investments will be needed by 2050, particularly in the production, energy and transport sectors, according to a World Economic Forum report. The Net-Zero Industry Tracker 2023, “published in collaboration with Accenture, takes stock of… Read More

Generative AI Poses Novel Risks But Offers Transformational Opportunities, According to World Economic Forum

The World Economic Forum’s AI Governance Summit brought together more than 200 influential leaders from the Forum’s AI Governance Alliance (AIGA) and the broader artificial intelligence community “to exchange insights and collaborate on the establishment of action plans to promote the responsible development and deployment… Read More

Brazil Is Facing Climate Financing Challenges, New Report Reveals

Brazil will require an estimated $200 billion (BRL 1 trillion) investment to reach its 2030 climate goals, according to a new study released by the World Economic Forum. That’s over $100 Billion USD more “in climate transition investments than the country is currently on track… Read More

Artificial Intelligence: Asia’s Generative AI Professionals Call for Guardrails, “Responsible” Design

Researchers are “cautiously optimistic” about where generative artificial intelligence (GenAI) will lead humanity, but they say that we “must develop more guardrails.” This is according to Pascale Fung, Chair Professor, Department of Electronic and Computer Engineering, Hong Kong SAR, China. She was speaking at the… Read More

WEF: Crypto Industry Report Identifies Barriers, Potential Solutions in Global Digital Asset Regulation

From fragmented monitoring and enforcement to differing classifications of crypto assets, many barriers hinder global coordination on crypto-asset regulation efforts. A new study from the World Economic Forum identifies “the importance of a global approach to crypto-asset regulations and provides potential solutions to these barriers.”… Read More

Centre for Fourth Industrial Revolution Malaysia to Focus on Green Transition, Digital Transformation

The Centre for the Fourth Industrial Revolution Malaysia (C4IR Malaysia) was officially launched by the Prime Minister of Malaysia, Anwar Ibrahim, and the President of the World Economic Forum, Børge Brende. C4IR Malaysia will “play a crucial role in driving the advancement of the digital… Read More

Jobs Report: 25% of Roles May Change in Next 5 Years, with AI, Machine Learning, Digital Tech Transforming Role of Workers

The Future of Jobs Report 2023 suggests that “almost a quarter of jobs (23%) are expected to change in the next five years through growth of 10.2% and decline of 12.3%.” According to the estimates of the 803 companies surveyed for the report, employers “anticipate… Read More

Buy Now Pay Later (BNPL), Cyberattacks: WEF Report Examines Solutions for Tech Risks in Financial Services Ecosystem

A report published by the World Economic Forum (WEF) explores how technology-driven risks originating in financial services sectors “could become systemic threats to the global financial system.” Pushing Through Undercurrents, developed in collaboration with Deloitte, “examines how different forces influence the way tech-driven risks spread and… Read More

Global Risks Report: Tensions Peak between Cost of Living Crisis, Sustainable Climate Action

For the past 17 years the World Economic Forum’s Global Risks Report has warned about “deeply interconnected” global risks. Conflict and geo-economic tensions have “triggered a series of deeply interconnected global risks,” according to the World Economic Forum’s Global Risks Report 2023. These include energy… Read More

Small Business, “Big Problem,” Report Reveals that 67% of SMEs Worldwide Are “Fighting for Survival”

Small- and medium-sized enterprises (SMEs) and mid-sized companies are the backbone of the global economy, according to an update from the World Economic Forum (WEF). They create “close to 70% of jobs and GDP worldwide.” But, amid warnings of a global recession, research from the… Read More

ASEAN Survey: Digitalization Advances Financial Inclusion for Women, Micro Business Owners

The World Economic Forum has launched the ASEAN Digital Generation Report 2022, the sixth edition of the report since 2017. This year’s report “examines digital financial services, gaps in access and where businesses, governments, and civil society organizations need to improve financial inclusion.” The report… Read More

Taskforce on Nature-related Financial Disclosures to Support Nature-Risk Framework Development

The World Economic Forum in Davos, Switzerland, the Taskforce on Nature-related Financial Disclosures (TNFD) recently unveiled three different initiatives in order to expand consultation with market/industry participants and various stakeholders on the design and development of the TNFD’s recommendations on nature-related risk and opportunity management…. Read More

First Quantum Computing Guidelines Introduced as Investment into Sector Increases, WEF Reports

National governments have reportedly invested more than $25 billion into quantum computing research and more than $1 billion in VC deals have closed in the past year – “more than the past three years combined,” according to an update shared by the World Economic Forum… Read More

A Clear Divide Exists Between High-Income and Emerging Economies in Attitude Towards AI, World Economic Forum Reports

A recent survey highlights a “clear divide” between high-income and emerging economies in “attitudes” toward artificial intelligence (AI), with “optimism” considerably higher in emerging economies. Those in emerging economies noted that they are “more familiar with AI tools and products than those in developed economies.”… Read More

Sheila Warren and Sumedha Deshmukh from WEF Explain Why Effective Crypto Regulations Take Time and Caution

Sheila Warren, Deputy Head of the C4IR; Member of the Executive Committee, World Economic Forum,  and Sumedha Deshmukh Platform Curator, Blockchain and Digital Currency, World Economic Forum, recently published their views on why effective cryptocurrency regulations will take time to develop. As noted (on August… Read More

DeFi: Wharton School of the University of Pennsylvania Publishes Comprehensive Report on Decentralized Finance

The Wharton School of the University of Pennsylvania, the business school of the University of Pennsylvania, a private Ivy League university in Philadelphia, has released a report titled, “DeFi Beyond the Hype – The Emerging World of Decentralized Finance.” The extensive report, which has been… Read More

Fintech Veteran and Crypto Thought-Leader Diana Biggs Joins Switzerland’s Valour, which Helps Investors Acquire Digital Assets

Crypto pioneer and early Bitcoin thought-leader Diana Biggs has reportedly decided to join Switzerland-headquartered firm  which allows investors to easily acquire digital assets through their banking provider or brokerage firms.  Biggs will lead the company’s expansion, following the recent launch of Bitcoin Zero, Valour’s Bitcoin… Read More

UK’s National Standards Setting Organization, BSI, Releases Security Token Specification, Blockchain Industry’s First Cross-Chain Standards

The United Kingdom’s national standards organization, the British Standards Institute (BSI), had recently released the Security Token Specification, which is one of the industry’s very first cross-chain standards. The specification is referred to as “PAS 19668” and has been supported or sponsored by blockchain advisory… Read More

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