Economy
Cryptocurrencies replacing traditional fiat currencies; wealth inequality; the economic impact of automation and the next industrial revolution—this page covers the trends and news that will influence the economies of the future.
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Signals
https://www.financemagnates.com/fintech/uaes-fintech-market-rises-92-amidst-global-funding-slowdown/
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Financemagnates
Global
investments in financial technology companies saw a significant decline in
2023, falling 48% to $51.2 billion from the previous year's $99 billion,
according to data from Innovate Finance. While
funding decreased in major fintech hubs like the UK and the USA, the United
Arab Emirates (UAE)...
investments in financial technology companies saw a significant decline in
2023, falling 48% to $51.2 billion from the previous year's $99 billion,
according to data from Innovate Finance. While
funding decreased in major fintech hubs like the UK and the USA, the United
Arab Emirates (UAE)...
309641
Signals
https://www.pymnts.com/news/banking/2024/british-consumers-complaints-about-banking-sector-rise-amid-record-high-fraud/
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Pymnts
than they did a year ago. In total, the number of complaints leaped from 61,995 in financial year 2022-23 to 80,137 in financial year 2023-24, according to the release. "It's always concerning when you see cases rise so significantly, particularly when so many people are struggling in the current economic climate," CEO and chief ombudsman of the Financial Ombudsman Service, said in the release.
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https://www.finnt.com/evolution-of-fintech/
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Finnt
Fintech has emerged from the wings to center stage, dramatically transforming the way we perceive and interact with money. This transformation has been both rapid and profound, fundamentally altering the landscape of traditional finance. This article delves into this evolution, offering financial...
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https://www.pr.com/press-release/925999
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Pr
Long Island, NY, November 26, 2024 --(PR.com)-- Today, BitMart announced the upcoming listing of Toronet's governance token on their public exchange. Other exchanges are likely to follow much later.Notably, Toronet has always prioritized building a robust infrastructure to deliver payments and...
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https://www.retailbankerinternational.com/features/interview-google-clouds-zac-maufe-on-the-use-of-cloud-services-in-the-banking-industry/
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Retailbankerinternational
At Google Cloud's biggest event of the year, Google Cloud Next, Google Cloud made a number of announcements with financial services leaders as they modernise their technology stack, migrate to the cloud at scale and deploy gen AI experiences.
The event reflects the growing importance of cloud...
The event reflects the growing importance of cloud...
FUTURE TIMELINE
COUNTRY FORECASTS
315046
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https://financialit.net/news/security/fireblocks-launches-self-service-suite-startups-empower-builders-amid-crypto-sentiment
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Financialit
Fireblocks Launches Self-Service Suite for Startups to Empower Builders Amid Crypto Sentiment Shift Fireblocks, an easy-to-use platform for building blockchain applications and managing digital asset operations, announces the launch of Fireblocks for Startups, a suite of self-service tools...
FUTURE TIMELINE
COUNTRY FORECASTS
114775
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https://wattsupwiththat.com/2023/10/01/eu-launches-a-carbon-tax-attack-on-the-us-economy/
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Wattsupwiththat
Essay by Eric Worrall
This new carbon tax is a slap in the face for every non-EU nation which has contributed to Europe's attempts to contain Russia.
Europe takes climate fight global as carbon border tax goes live
The Carbon Border Adjustment Mechanism enters a trial phase on Sunday.
BY...
This new carbon tax is a slap in the face for every non-EU nation which has contributed to Europe's attempts to contain Russia.
Europe takes climate fight global as carbon border tax goes live
The Carbon Border Adjustment Mechanism enters a trial phase on Sunday.
BY...
FUTURE TIMELINE
COUNTRY FORECASTS
164686
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https://nypost.com/2023/12/25/opinion/city-legislators-must-step-up-to-make-albany-help-nyc-handle-migrants/
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Nypost
Albany has a duty to help ease New York City's migrant pain, and the more than 40% of the Legislature hailing from the city — including Assembly Speaker Carl Heastie — have no excuse for instead letting their own constituents suffer.
Mayor Adams faces a monster $7 billion shortfall beginning July...
Mayor Adams faces a monster $7 billion shortfall beginning July...
FUTURE TIMELINE
COUNTRY FORECASTS
267263
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https://www.financemagnates.com/cryptocurrency/okx-enters-australia-launches-spot-and-derivatives-crypto-exchange/
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Financemagnates
FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa's premium financial event for a transformative experience that combines the...
FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa's premium financial event for a transformative experience that combines the...
FUTURE TIMELINE
COUNTRY FORECASTS
333186
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https://techcrunch.com/2024/08/16/uk-neobank-revolut-valued-at-45b-after-secondary-market-sale/
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Techcrunch
Revolut has confirmed a new valuation of $45 billion via a secondary market share sale, shortly after the U.K.-based neobank secured its own banking license in the U.K. and in Mexico.
The news positions Revolut as one of Europe's most valuable private tech companies.
Founded out of London in...
The news positions Revolut as one of Europe's most valuable private tech companies.
Founded out of London in...
FUTURE TIMELINE
COUNTRY FORECASTS
360502
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https://www.pymnts.com/news/artificial-intelligence/2024/fca-head-nikhil-rathi-says-ai-has-benefits-risks-financial-inclusion/
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Pymnts
The hyper-personalization of insurance enabled by artificial intelligence could benefit some customers but render others "uninsurable," (FCA), said Thursday (Sept. 19). in Leeds, Rathi cited this as an example of how regulators must consider both the risks and the benefits of AI and other technology when promoting financial inclusion.
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https://finovate.com/finovate-global-nigeria-trust-and-the-challenge-of-digital-transformation-in-banking/
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Finovate
Formerly known as TeamApt, Moniepoint is the largest business payments platform in Nigeria. The company processes $170 billion in annualized total payments volume (TPV), and became QED Investors' first investment in Africa last year.
Headquartered in London, with offices in Nairobi and Lagos, as...
Headquartered in London, with offices in Nairobi and Lagos, as...
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https://oilprice.com/Finance/the-Economy/Digital-Pound-Could-Be-a-Fiscal-Game-Changer-for-the-UK.html
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Oilprice
tens of billions through increased seigniorage revenue, a new report has argued. Research from Positive Money estimates that, by 2029, the government could gain around £15bn a year if 20 per cent of bank deposits were switched to a digital pound. the report argued. Seigniorage is the profit made by a government for issuing currency.
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https://www.fintechfutures.com/2024/06/indian-fintech-fibe-bags-90m-in-series-e-funding-round/
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Fintechfutures
Fibe, the Indian digital lending platform formerly known as EarlySalary, has secured $90 million in a Series E funding round co-led by new investors Amara Partners, TR Capital, and Trifecta Capital. In addition, the investment round was supported by several of Fibe's existing backers, including Chiratae Ventures, TPG Rise Fund, Norwest Venture Partners, and Eight Roads Ventures.
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https://www.forbes.com/sites/forbestechcouncil/2023/11/22/playing-with-fire-mitigating-the-pitfalls-of-ach-payment/
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Forbes
Shams Syed is CEO of AptPay, Inc.
getty
According to a 2022 study commissioned by NACHA, over 80% of millennials receive their paychecks by ACH direct deposit, and in 2022 alone, some 30 billion ACH Network payments were made (valued at nearly $77 trillion). For the uninitiated: ACH stands for...
getty
According to a 2022 study commissioned by NACHA, over 80% of millennials receive their paychecks by ACH direct deposit, and in 2022 alone, some 30 billion ACH Network payments were made (valued at nearly $77 trillion). For the uninitiated: ACH stands for...
280341
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https://www.finsmes.com/2024/06/spycloud-receives-35m-in-growth-financing.html
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Finsmes
SpyCloud Receives $35M in Growth Financing
SpyCloud, an Austin, TX-based cybersecurity firm whose solutions help organizations investigate and protect against cybercrime, received a $35m growth financing from CIBC Innovation Banking.
The company intends to use the funds to...
SpyCloud, an Austin, TX-based cybersecurity firm whose solutions help organizations investigate and protect against cybercrime, received a $35m growth financing from CIBC Innovation Banking.
The company intends to use the funds to...
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https://techcrunch.com/2023/07/21/fednow-is-finally-live-in-the-us/
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Techcrunch
The U.government's instant payment system,. on what that is: FedNow is an instant payment infrastructure for transferring money that promises to be a faster payment rail for financial institutions, offering immediate access to funds no matter the day or time. As you know, this is huge because banks aren't traditionally open 24/7 or let you receive money and use it on the same day. .
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https://venturebeat.com/games/team-liquid-launches-myblue-fan-platform-on-sui-blockchain/
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Venturebeat
Team Liquid, the global professional esports organization, launched MyBlue, a native fan engagement platform built on the Sui blockchain and smart contact platform.
The launch of MyBlue is the result of a collaboration between Team Liquid and Mysten Labs, the original contributor to Sui. The two...
The launch of MyBlue is the result of a collaboration between Team Liquid and Mysten Labs, the original contributor to Sui. The two...
70009
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https://www.paymentsdive.com/news/cfpb-chopra-open-banking-regulation-payments/652961/
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Paymentsdive
Dominant payments players and financial services companies will not have leeway to dictate the terms of open banking in the U.S., Consumer Financial Protection Bureau Director Rohit Chopra made clear in a post on the agency's website Monday. The CFPB, which polices and regulates the financial services market, is preparing to issue a rule proposal with respect to open banking later this year.
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https://www.koreaherald.com/view.php?ud=20240823050550
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Koreaherald
BUSAN -- Seoul Mayor Oh Se-hoon and Busan Mayor Park Heong-joon met Friday to discuss innovative strategies for the future of South Korea at Dongseo University in Busan.Friday's meeting was part of a three-day conference hosted by the Korean Political Science Association, titled "World in Crisis,...
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Insight posts
Insight posts
ESG's rise in IPO evaluations marks a profitable shift towards transparency, transforming investor priorities and powering sustainable growth.
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https://www.softwaresuggest.com/blog/ecommerce-trends/
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Softwaresuggest
Online shopping and selling are always evolving. With the. by 2027, staying on top of the trends is crucial for businesses aiming to thrive. This article covers the top 14 trends in eCommerce that are expected to rule the marketplace in the coming years. From advanced personalization techniques to the rise of visual search, these top trends are pivotal for understanding the future of online commerce.