The world of finances has seen a technological overhaul. Modern problems require modern solutions. A cloud bank is the updated solution to a chronic problem of what to do with your financial assets, an age-old matter you need to settle down as soon as you strive for financial independence. At this point, it is not […]
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Financial messaging system SWIFT has laid out its blueprint for a global central bank digital currency (CBDC) network following an 8-month experiment on different technologies and currencies. The trial, which involved France and Germany’s national central banks as well as global lenders like HSBC, Standard Chartered and UBS, looked at how CBDCs could be used […]
Intel Corp’s self-driving unit Mobileye on Friday unveiled its filing for a U.S. initial public offering, testing support for a high profile stock debut even as the market for new issues has virtually collapsed. The tech IPO market globally is in the middle of its worst drought in nearly two decades. U.S. listings have raised […]
Voyager Digital said on Monday crypto exchange FTX, whose bailout proposal the bankrupt lender had rejected earlier this year, has won its assets in a $1.42-billion bid at an auction. The FTX bid comprises a fair market value of all Voyager cryptocurrency, at a to-be-determined date, which is pegged at about $1.31 billion at current […]
The financial sector has come to understand how revolutionary blockchain technology can be for increasing revenue, enhancing the end-user experience, streamlining the delivery process, increasing efficiency, and lowering business risk. Like any other sector in technology, fintech is ever developing. Every day, a number of new finance applications emerge that provide improved and innovative methods […]
Blockchain has already made its mark on the world. The cryptocurrency world has blockchain at its core, moving many industries forward and changing lives. This distributed ledger technology (DLT) might disrupt many carrier fields, but that doesn’t mean it won’t benefit many others. Blockchain is already finding its way to mainstream appeal, but when will […]
Day by day, the world is recognizing the global technological uprising, with economies worldwide preparing for the next wave of economic development. In this digital insurgency comes a shift in dynamic for financial sectors, as services initiate a new thriving phase, integrating two industries to enable a more advanced financial inclusion. Telcos are spearheading the […]
Gains in actively traded assets that can be easily attained are what is driving the first wave of applications in banking and finance. These include improved data security, simplified customer verification required by Know Your Customer (KYC) and anti-money laundering (AML) standards, faster processing, and recordkeeping facilitation. Trading is supported by the common denominator of […]
The world is entering the new age of digital finance, and financial technology is a pivotal element that will help shape the industry’s future. There is no denying that the COVID-19 pandemic played an integral role in altering the UAE’s financial services, going from unconnected traditional ones to becoming a critical and essential factor that […]
The world of artificial intelligence (AI) hasn’t stopped surprising us. As AI algorithms are evolving towards the ultimate target of mimicking the learning process in the human brain, increasingly sophisticated applications are emerging. Lengthy procedures, complex operations, and data-intensive decision-making problems are gradually being replaced by AI-based automated paradigms that try to learn from the […]