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Nov 4, 2024

Bank of Canada Puts Central Bank Digital Currency (CBDC) Plans on Hold

In a notable development within the realm of digital currencies, the Bank of Canada has decided to pause its efforts toward the implementation of a Central Bank Digital Currency (CBDC). This decision reflects a cautious approach as the institution evaluates the evolving economic landscape and the implications of a digital currency for the Canadian financial system.

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Nov 4, 2024

Standard Chartered Secures Approval to Launch Digital Asset Custody Service in DIFC

In a significant milestone for the financial services industry, Standard Chartered has received regulatory approval to establish a digital asset custody service within the Dubai International Financial Centre (DIFC). This development marks a pivotal step in the bank’s commitment to advancing its capabilities in the rapidly evolving realm of digital assets, offering clients secure and innovative solutions for managing their investments.

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Nov 4, 2024

Engaging Generation Z: A Call for the Financial Services Industry to Cultivate Loyalty

As Generation Z begins to enter the workforce and exert their purchasing power, the financial services industry faces a crucial challenge: how to effectively engage and retain this unique demographic. According to insights from ZBD, a leading consultancy in consumer behavior, financial institutions must adapt their strategies to meet the distinct preferences and values of Gen Z to foster loyalty and sustained engagement.

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Business
Nov 4, 2024

Accelerating FinTech in Africa: Insights from Hasan Kazmi of Visa

In recent years, Africa has emerged as a dynamic landscape for financial technology (FinTech) innovation. With its unique challenges and opportunities, the continent is witnessing a rapid transformation in how financial services are delivered. To delve deeper into this evolution, we spoke with Hasan Kazmi, Vice President of Visa for the East and Southern Africa region. His insights highlight the potential for growth and the collaborative efforts required to drive FinTech forward in Africa.

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Business
Nov 4, 2024

Navigating the Future of WealthTech and Investment in the Middle East and Africa: Insights for 2024

As the global financial landscape continues to evolve, the Middle East and Africa (MEA) are emerging as vibrant hubs for WealthTech innovation and investment opportunities. The year 2024 promises to be pivotal for these regions, driven by technological advancements, changing consumer behaviors, and a growing appetite for financial services that cater to diverse needs.

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Business
Nov 4, 2024

Undostres Partners with Unlimit to Deliver Faster and Safer Payments in Mexico

In an exciting development for the Mexican fintech landscape, Undostres, a leading payment solutions provider, has announced a strategic partnership with Unlimit, a global technology company specializing in payment processing. This collaboration aims to enhance the speed and security of transactions, making payments more efficient for businesses and consumers across Mexico.

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