Managers of Wealth Fintech

EU Banks Fast-Track Instant Payments Post Libra Launch

One of the advantages of tech firms, he said, is that they are global companies, as opposed to just fragmented financial entities in one region.

Should Blockchain Be Armed With its Own Regulations?

Blockchain appeared in 2008 with the peer-to-peer electronic cash system developed by Satoshi Nakamoto (called Bitcoin), and it is on the verge of revolutionising how we interact and conclude transactions in the digital world.

Swiss Stock Exchange Introduces Ethereum Tokens via R3 Tech

The Swiss security token firm BlockState plans to introduce six ERC-20 tokens from Ethereum blockchain onto the Swiss Stock Exchange supported by mirroring them on R3’s Corda platform.

Anum lists crypto basket on SIX Swiss Exchange

Matt Hougan, Global Head of Research for Bitwise Asset Management, adds: “We are thrilled to be working with Amun to help investors gain diversified exposure to the most important crypto projects.

Financial Action Task Force moves to regulate crypto exchanges

The FATF is giving countries 12 months to implement the guidelines into their laws and regulations and has set a review for June 2020.

Crypto craze: WMs react to Facebook’s Libra setting up shop in Geneva

Four wealth managers detail their initial reactions towards Libra’s Swiss arrival, and what the future holds for cryptocurrency firms.

CMC Markets to launch range of crypto indices

Crypto index spreads will also typically be tighter than those of the individual underlying coins.

Bitcoin climbs above US$11,000 amid renewed mainstream interest, but observers warn caution is warranted

The largest cryptocurrency had a furious run higher in late 2017 that culminated with a top above US$19,500

Global money-laundering watchdog launches crackdown on cryptocurrencies

The move by FATF, which groups countries from the United States to China and bodies such as the European Commission, reflects growing concern among international law enforcement agencies that cryptocurrencies are being used to launder the proceeds of crim

Russian Ministry of Finance Considers Allowing Cryptocurrency Trading

A bill prohibiting the use of crypto assets as a means of payment in the Russian Federation passed in May of last year.

Will PwC’s New Software Solve the Cryptocurrency Auditing Problem?

The new tool reportedly allows PwC to establish crypto asset ownership and gather information about transactions and balances from blockchains.

Uses of blockchain in the M&A process

Blockchain technology can also assist in recording intellectual property assets.

Israel: First court decision issued on taxation of Bitcoin transactions by individuals

The tax authorities took the position that Bitcoin should not be regarded as currency or foreign currency.

Global Banking Giant HSBC Launches Tokenization-Based Receivables System for India

The instrument is designed to automate the accounts receivable (AR) process for HSBC’s corporate customers and their network of buyers, enabling a secure communication layer between network participants and reducing manual work such as invoice payme

Lawmakers Slam Facebook Over Crypto Plan, Call for Moratorium

"With the announcement that it plans to create a cryptocurrency, Facebook is continuing its unchecked expansion and extending its reach into the lives of its users."

AI to reorganise Asia's insurance landscape

The insurance industry in Asia is mostly welcoming of AI, and, according to Srikanth Venkatesan, Asia-Pacific head of insurance at Cognizant, the region is at the forefront of adopting newer technologies.

The Age of AI and Wall Street

Broadridge's 2019 Artificial Intelligence (AI) Outlook Survey reveals majority of financial services firms see value in AI for data mining, but legacy technology is a continuing impediment

Libra: Facebook launches cryptocurrency in bid to shake up global finance

Digital currency will let billions of users make transactions, but is already facing opposition from US lawmakers amid privacy concerns

Bank ABC Partners with Jumio to Become First Bank in the Middle East to Employ Biometric-Based Digital KYC Functionality

The company’s partnership with Jumio streamlines digital onboarding, eliminating the need for customers to visit branch offices when creating new banking accounts

Cryptocurrency platform HAYVN approved by Abu Dhabi regulator

The platform also plans to get approvals from UK regulators.

Bitcoin, Blockchain & AI