Tagged: world economic forum

Establishing Proper Standards Is Key to Ensuring Blockchain or DLT Sector Moves Forward: Report

Establishing proper standards is the key to ensuring that the blockchain sector moves forward, according to a recent blog post published by the World Economic Forum (WEF). The blog post’s authors (Sumedha Deshmukh, Mercina Tillemann-Dick, Sofia Arend) note that standards for blockchain or distributed ledger tech… Read More

Sheila Warren from the World Economic Forum Explains Why She’s “Quite Bullish” about Blockchain and Its Future Impact

Sheila Warren, Head of Blockchain, Data, and Digital Assets at the World Economic Forum (WEF), an independent international organization committed to improving the state of the world by engaging business leaders of society to shape global agendas, says that she’s “quite bullish” about blockchain and… Read More

AI and Machine Learning Technologies Are On the Rise Globally, with Governments Launching Initiatives to Support Adoption: Report

Kate MacDonald, New Zealand Government Fellow at the World Economic Forum, and Lofred Madzou, Project Lead, AI and Machine Learning at the World Economic Forum have published a report that explains how AI can benefit everyone. According to MacDonald and Madzou, artificial intelligence can improve… Read More

World Economic Forum Recommends Adopting Clear and Actionable Cybersecurity Guidelines for Fintech Firms

The World Economic Forum (WEF) Fintech Cybersecurity Consortium was established in 2018. It aims to help protect the global financial ecosystem, which now includes large organizations with “high levels of cybersecurity maturity” and fast-growing Fintech firms that are offering emerging technologies such as AI, Big… Read More

Fintech Is Emerging as a “Crucial Means of Support” for MSMEs during COVID-19, According to the First Circle Growth Finance Team

Benedict Carandang and Lee-Anne Tobias from First Circle Growth Finance, a company that offers financing services to qualified SMEs in the Philippines that sell to other businesses or government agencies, note in a blog post published on the World Economic Forum’s (WEF) official website that… Read More

World Economic Forum: Fintech has been able to lower transaction and service costs and reach populations otherwise unable to participate in the formal financial system

The World Economic Forum (WEF) is a highly influential global organization that engages with top political leaders, business executives and other prominent members of global society to demonstrate that combined with integrity and high standards of governance, entrepreneurship is in the global public interest. Among… Read More

Initial Doubts about Blockchain or DLT’s Usefulness are “Fading” As Fintech Businesses See it As “Integral”: Report

Big Four auditing firm Deloitte claims that Fintech industry professionals no longer think that blockchain or distributed ledger technology (DLT) is “groundbreaking and merely promising.” The professional services firm’s 2020 Global Blockchain Survey polled around 1,500 senior management professionals and found that: “Initial doubts about… Read More

EquityZen Recognized by World Economic Forum as Tech Pioneer, Alongside Other Fintechs

EquityZen, a secondary marketplace for private securities, has received a nice recognition from the World Economic Forum (WEF), according to a note from the firm. The WEF has selected EquityZen as a company in the list of the 100 of the most promising Technology Pioneers… Read More

CCAF: New Global Research Initiative Targets the Impact of COVID-19 on Global Fintech Markets

Joint study to provide timely data and actionable insights on how the pandemic has affected the Fintech industry globally The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School is partnering with the World Bank Group and the World Economic… Read More

Blockchain Interoperability: World Economic Forum Releases Paper Explaining Importance of Effective Communication Between DLT Networks

During the past few years, blockchain or distributed ledger technology (DLT) has been adopted by a large number of companies from several major industries. There are currently hundreds of different DLT platforms being operated across the globe. Most of these blockchain-enabled networks are unable to… Read More

World Economic Forum Establishes Consortium Focused on Creating Governance Framework for Virtual Currencies

The World Economic Forum (WEF) has established what it says is the world’s first ever global consortium focused on creating a framework for the transnational governance of virtual currencies, which include stablecoins (digital currencies that are usually pegged to national fiat currencies). According to a… Read More

Bakkt’s New Consumer App will Look Like Traditional Fintech Apps, Will Support All Digital Assets, Not Just Crypto

Adam White, president at Bakkt, recently shared some details regarding a major development currently underway at the Intercontinental Exchange (ICE)-owned digital assets trading desk while attending a conference at Davos. White noted during a panel discussion held at the World Economic Forum (WEF) in Davos,… Read More

World Economic Forum to Help Seven Metal and Mining Companies Use Blockchain Tech to Reliably Source Materials

The World Economic Forum (WEF), a Cologny-Geneva, Switzerland-based NGO that’s committed to improving the state of the world by engaging world leaders to shape global agendas, is working with seven major mining and metal companies on a project that uses blockchain tech to source materials… Read More

The Cambridge Centre for Alternative Finance Joins with World Economic Forum in Research Project Regarding Artificial Intelligence and Financial Services

The Cambridge Centre for Alternative Finance (CCAF) has partnered with the World Economic Forum (WEF) to jointly launch a research project addressing Artificial Intelligence (AI) in financial services. CCAF is an academic research institute at Cambridge Judge Business School, University of Cambridge, and is the… Read More

World Economic Forum Publishes Report on the Value of Blockchain

The World Economic Forum and the International Organization for Public-Private Cooperation, with the support of Accenture, has published a report on the value of blockchain. While there has been more than enough hype regarding distributed ledger technology (DLT) and there remains an ongoing debate as… Read More

World Economic Forum Charts Central Bank Digital Currency Usage and Research

Earlier this week, the World Economic Forum (WEF) published an interesting report covering the usage and investigation of Central Bank Digital Currency (CBDC).  It has been widely reported that many central banks have been kicking the tires of CBDC with some making proclamations regarding the… Read More

World Economic Forum Convenes New Consortium Including Citigroup, Zurich Insurance Group & Kabbage to Address Fintech Cybersecurity

The World Economic Forum announced the creation of a new consortium to strengthen cybersecurity for fintech companies and data aggregators. The consortium’s founding members include global bank Citigroup, insurance company Zurich Insurance Group, fintech lender Kabbage, infotech company Hewlett Packard Enterprise (HPE), and financial infrastructure… Read More

World Economic Forum Releases New Report “Beyond Fintech: A Pragmatic Assessment Of Disruptive Potential In Financial Services”

This week, the World Economic Forum released its latest report, Beyond Fintech: A Pragmatic Assessment Of Disruptive Potential In Financial Services. According to the organization, the report represents the culmination of three years of research into the transformation of financial services prepared by the World Economic Forum… Read More

Video from Davos: The Global Fintech Revolution

The 2017 World Economic Forum held in Davos, Switzerland last week, will soon become a distant memory as participants and observers jet back to their day jobs. But one of the interesting topics tackled as the seminal gathering was the emerging environment of financial innovation… Read More

Lloyds: Low Interest Rates & Fintech are the Most Important Trends that Will Shape Banking Over the Next 10 years

Speaking at the World Economic Forum in Davos, Lloyds Banking Group Chief Executive Officer Antonio Horta-Osorio made the statement that “low-interest rates and fintech are the most important trends that will shape banking over the next 10 years.” The pronouncement comes as Lloyds has been enduring… Read More

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