Hong Kong is making significant strides to solidify its position as a global leader in the fintech sphere by fostering growth and innovation. The government, in close cooperation with financial institutions and industry stakeholders, has been actively working on enhancing the financial ecosystem to
In recent years, retail investors have increasingly turned towards private markets, seeking new opportunities beyond traditional equities and fixed income. The growing interest can be attributed to innovative financial products that make private market investments more accessible. As a result,
In recent years, the regulatory environment for stablecoins in the United States has seen significant developments, particularly with the introduction of the STABLE Act and the GENIUS Act. As digital assets continue to gain traction in both global and local markets, these pioneering legislative
The recent decision by the Federal Reserve to lift growth restrictions on Wells Fargo marks a significant turning point for the bank, prominent for its 2016 fake-accounts scandal. This scandal was a striking example of the institution's problematic sales culture, where employees, driven by
The financial landscape is continuously evolving as technological advancements and changing demographics reshape how individuals engage with financial planning. One of the most promising developments in this arena is the use of managed accounts within defined contribution (DC) retirement plans,
FirstBank has recently reached a remarkable milestone in advancing financial inclusion through the innovative Agent Credit Scheme, known as FirstMonie, by successfully disbursing an impressive N1 billion in a single day. This achievement underscores the bank's commitment to enhancing the
The repercussions of data security lapses become apparent as the widely used mobile payment platform Cash App, owned by Block Inc., navigates a significant class action settlement. A $15 million legal settlement has been finalized after the exposure of sensitive user data between 2018 and 2024
In a country known for its burgeoning population of over 240 million, a significant leap towards modern financial inclusivity has just been made with the pilot launch of the Raqami Islamic Digital Bank. As Pakistan's first fully digital and Shariah-compliant retail bank, this initiative,
The UK discretionary wealth management market has reached a staggering £1.1 trillion, driven by strong investment performances and the strategic outsourcing by financial advisers. Powered by the MSCI PIMFA Private Investor Balanced Index’s remarkable 10.73% return, the market reflects strong growth
The United Arab Emirates (UAE) is setting a remarkable precedent in the world of fintech, showing the global financial sector how innovation can be harnessed to redefine conventional practices. Rapid digital transformation, an increasing number of tech-savvy individuals, and heightened demand for
