In a strategic financial move, Abel Avellan, Chairman and CEO of AST SpaceMobile, Inc., entered into a variable prepaid forward contract on November 20, 2024. This transaction, conducted through a wholly-owned special purpose vehicle (SPV) and with an unaffiliated dealer, represents approximately
In a significant move to bolster regulatory oversight and curtail regulatory arbitrage, the Bangko Sentral ng Pilipinas (BSP) is scrutinizing lenders operating similarly to digital banks, potentially necessitating them to obtain digital banking licenses. This initiative, led by BSP Director for
The financial services industry is undergoing a profound transformation driven by advancements in financial technology (fintech) and artificial intelligence (AI). These innovations are reshaping how financial institutions operate and how customers interact with financial services. This article
In today's rapidly evolving corporate landscape, reputational risk has emerged as one of the most significant challenges for board members and institutions. Traditional methods of managing these risks are proving inadequate, necessitating innovative strategies. One such strategy is the use of
Retirement should be defined by leisure, enjoyment, and relaxation. This is the period of your life where working should be optional, not necessary. Hopefully, you’ve saved and invested enough money over the course of your career, and now your money is going to work for you. Today, more Americans
The persistence of financial crime enforcement by U.S. banking regulators continues to be a significant aspect of the financial landscape. Regardless of political shifts, particularly during the Trump administration's period of deregulation, the commitment to combating financial crimes such as
