Silvergate Capital Corp, one of the biggest banks in the cryptocurrency industry, said on Wednesday it was planning to wind down operations and liquidate voluntarily. MARKET REACTION Shares of crypto-related companies fell on Thursday, as the bank’s collapse sparked a crisis of confidence in the industry. Silvergate shares were down 26% while peer Signature Bank […]
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In the digital age, telcos have become the natural partner of many industries, including the metaverse. Our interest in this article lies in the fintech sector. In a previous article, we stated why telecom companies are attractive to the fintech industries. Through such a partnership, these two industries hope to expand their services to the […]
The world is intensifying its adoption of digital means to conduct its finances. The accelerated use of the Internet and smartphones has impacted the burgeoning of digital banking and any financial ecosystem. The United Arab Emirates (UAE) is no stranger to transforming one of its primal sectors’ frameworks as the financial sphere becomes increasingly technologically […]
“MyMonty is a life project. Building a bank is a very complex endeavor. It will become the flagship of the Monty Finance brand. This means added responsibility while focusing on the team’s passion and accepting challenges wholeheartedly,” Cesar Jabr, Deputy CEO, Monty Holding What is MyMonty’s scope of activity? The financial company’s sole focus is […]
The current digital transformation in the UAE banking sector is thriving. What we are witnessing today is more than just a simple change in how we make transactions; it goes well beyond simply transitioning from a traditional into a digital world. This entire concept of digital transformation strategy in banking is integral to how banks […]
When comparing traditional and digital banking, we will find a remarkable number of advantages for digital banks. Their capabilities exceed those of ordinary banks with the mounting flexibility wave of financial technology’s (Fintech) emerging new technologies with the likes of cloud computing securing businesses globally. But what does digital banking really provide to both the consumers […]
As Americans shop for the holidays, they will likely see a swarm of offers to get their gifts now but pay for them later in fixed monthly installments. Fueled by several hot Silicon Valley startups as well as a push by the big credit card companies, “buy now, pay later” is now available for purchasing […]
As the world goes full steam ahead toward a digital economy, both the private and public sectors are looking to bolster their online capabilities across the board, and especially through digital identity verification. A new study from Juniper Research has found that spending on digital identity verification by businesses will reach $16.7 billion in 2026, […]
Over the past few years, Africa has become a hotbed for FinTech across the board, gulping up investments higher than any other sector on the continent. This is a natural occurrence, as 66 percent of Sub-Saharan Africa (SSA) remains unbanked, these innovative financial startups have mushroomed all over to meet the rising demand for financial […]
When sitting down to attend MoneyFest 2020, one cannot miss the level of sophistication the webinar offered; it was similar to watching a high production financial show that stretched out for days, allowing a seamless level of connectivity between the speakers and attendees. Hosting a plethora of experts, executives, and tech gurus from around the […]