Various measures to uplift financial technology in the finance sector: UK launched the cryptocurrency task force as a part of its larger financial technology strategy. Further highlights of the day included the signing off an agreement to facilitate the UK Fintech firms to sell their products and services in Australia...
EU Looks To Pass Bloc-Wide Laws To Help Crowdfunding Efforts. European Union officials say all companies could benefit from crowdfunding bloc-wide laws.
The EU is passing new guidelines and rules about crowding, in the hopes that it brings in more startup companies. For example, a suggestion has been made on...
A the Fintech industry grows, many governments want to partner Fintech companies but understanding the cybersecurity these companies offer will be what may finally tip the balance in favor of a partnership between the government and these companies. Blockchain sandboxes provide a medium for such to happen. The sandboxes...
Mexico just made a significant effort for an open banking revolution in their country.
Recently, the Mexican Congress as approved a bill to regulate the fintech sector, setting rules for things like cryptocurrencies and crowdfunding, and paving the way for an open banking revolution.
The bill which was already approved by...
The Securities and Exchange Commission is dead serious to punish the agencies that cause disruption to market events.
Recently, SEC ordered the New York Stock Exchange to pay $14 million fine for multiple breakdowns and regulatory violations.
The SEC move came after they conducted five separate investigations on Nyse.
These five investigations...
Italy Makes a Big Fintech Statement: The Fintech market in Italy keeps growing with over four hundred and twenty-five thousand customers and about €253 million in investment capacity. Outside Italy, the Fintech industry is growing ever faster. The country’s government knows this and has taken steps to ensure that...
DIFC And MEVP Strike MoU To Explore Investment Opportunities: The Dubai International Financial Center, a leading international financial hub in the MAESA community, and Middle East Venture Partners made an agreement to probe the investment and management opportunities in the Fintech’s $100Million fund. Walida Hanna, CEO at MEVP, a regional-based...
Viewing the changing landscape of the financial world, the Taiwan’s regulatory and other government agencies are intending to take the leap in this technology by launching a dedicated agency, providing various funding schemes and collaborating with the market participants.
In February 2015, the FSC (Financial Supervisory Commission) took the initiative...
Ways GCC Can Flourish In Fintech: In the last decade, digital and mobile inventions have caused distortions in key sectors and changed the expectations of consumers immensely. These technological advancements have turned the tables in the procurement of basic commodities, transportation, and socialization with the exception in the finance sector...
The government after economic analysis expects a growth of about 3.8% in the country's GDP.
Innovation and comprehensive technology advancement have been planned for, and the country has earmarked more than HK$ 50 billion ($6.4 billion) as stated by Paul Chan the country's Financial Secretary
The Public health...
