Hong Kong: Launch of Spot Crypto Trading Services
Hong Kong has given conditional approval for the launch of exchange-traded funds (ETFs) that directly invest in bitcoin and ether, two major cryptocurrencies. This move positions Hong Kong as a key player in the evolving and often volatile virtual asset…
Ghana Adopts Blockchain Technology to Combat Fraud
Ghana secured a $3 billion loan from the International Monetary Fund (IMF) last year. Now, the country plans to be the first in Africa to tackle public corruption by implementing blockchain technology across government operations. Vice President Mahamudu Bawumia announced…
China’s Sales of US Debt Prompt Speculation
The discussion of de-dollarization has resurfaced following new data from the US Treasury Department, which shows that China sold nearly $50 billion in US Treasuries during the first quarter of 2023 and reduced its holdings by over $100 billion for…
AI-Powered Treasury Solutions: What’s New and What’s Real
As AI continues to evolve, it holds promise for transforming financial services. Andreas Lutz, CEO of Fides, a leader in global treasury solutions, shares insights on how AI is being integrated into their offerings, and the practical implications for clients….
Wealth Management Opportunities in the GCC Are Increasing
The Gulf Cooperation Council (GCC) states are already among the wealthiest regions globally and are poised to further enhance their status as a key hub for global wealth. According to Boston Consulting Group, the region’s financial wealth is projected to…
UBA – Recognized as a Leading Frontier Markets Bank in 2024
Global Finance has announced the winners of its 26th annual World’s Best Banks awards, including the 2024 World’s Best Frontier Market Bank, UBA. “United Bank for Africa has demonstrated a strong commitment to serving both domestic and international businesses and…
Addressing Challenges in Achieving Sustainable Cost Optimization in Banks
While banks globally are adjusting their IT strategies to optimize costs, a survey by Infosys reveals that only about 25% are seeing the expected results from these initiatives. The survey covered banks in North America, Europe, and Asia Pacific, focusing…
Converse Bank: Advancing Financial Solutions in Armenia
After 30 years of contributing to Armenia’s financial sector, Andranik Grigoryan, CEO of Converse Bank, continues to focus on innovation through a range of mobile and digital services designed to enhance the customer experience. Converse Bank has a notable history,…
Accounting Firms Explore Innovative Financing Strategies for Growth
Mid-tier accounting firms are seeking new approaches to finance their growth. In November, the US accounting firm Forvis acquired the US operations of the French firm Mazars to strengthen its audit and advisory capabilities. Earlier, BDO implemented an employee stock…
RBI Taps Into Instant Payment Systems Project Nexus
The Reserve Bank of India (RBI) has joined Project Nexus, an initiative set to develop a multilateral cross-border instant payment system (IPS) by 2026. Launched in 2022 by the Bank for International Settlements (BIS), Project Nexus represents the BIS’s first…