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Open Banking in Australia Open banking initiatives are suddenly popping up all over the world from Brazil and India to Japan and New Zealand, but of all markets, Australia looks to have learned most from what has happened so far in the US and Europe. The concept of open banking is hardly new because some […]
Japanese telco, SoftBank Corp, said on Wednesday it would spend $4 billion to up its stake in Yahoo Japan Corp and turn the Internet company into a subsidiary, a move that would help boost its profit by 24 percent this year. The telco said it would buy 456.5 billion yen ($4.2 billion) worth of new […]
Turkish industrial companies will get a new competitive mode of transport for large distances with the construction of the country’s first privately-run inland cargo terminal, or railport. The new project is being developed by Turkey’s Arkas Holding, a logistics firm that integrates sea, land, rail and air transportation, and Duisport, Germany’s full-service provider in the […]
The U.S. House Financial Services Committee has unanimously adopted two resolutions establishing task forces for fintech and artificial intelligence. The Task Force on Financial Technology will examine issues including “the current legal framework for fintech, how fintech is used in lending and how consumers engage with fintech,” the committee stated. The chair of the task […]
With mobile money continuing to dominate the continent’s commerce growth, opening doors for business to everyone from a rural farmer to an entrepreneur, and cross-border seeing inter-country transactions on the rise, the continent is making a play to be the world’s biggest e-commerce opportunity. According to Visual Capitalist, 13 of the world’s largest urban centres […]
ubai ranked first globally in attracting foreign direct investments (FDI) for artificial intelligence and robotics; while the UAE ranked sixth in the global Smart Service Index, surpassing the US, UK and South Korea. The Emirate has attracted from 2015 to 2018 $21.6 billion worth of FDI in high-end technology transfers, with the most from the […]
[dropcap]S[/dropcap]ince its inception over 30 years ago, Islamic financing has become diverse with a wide plethora of industry players from sectors such as legal, accounting, technology, commodity trading platforms and rating companies. Malaysia has spearheaded a number of innovations and inclusions in Islamic banking and finance to emerging as the global leader in this area.
Mobile money accounts have surpassed bank accounts in Africa The financial technology industry is shaping the structure of financial industry in Africa. New technologies have been innovated, developed and implemented in Africa creating a competitive business landscape in the financial industry. Africa which at one point was lagging behind most countries is now emerging as […]
China’s exports tumbled the most in the last couple of years this February 2019 whilst its exports also has slumped three months in a row.
[dropcap]M[/dropcap]iddle Eastern country Bahrain, in a move to promote itself as a financial tech hub has extended invitation to India to set up its fine tech companies there. There are a plethora of avenues for Indian finch companies in areas like crypto assets, the blockchain, robot advisory, open banking and remittances in Bahrain.
