The number of people driving while on vacation has grown exponentially in recent years, which has seen the number of cars being rented annually rise to about 120 million vehicles. This trend has resulted in 322,000 monthly Google searches (in 17 major countries including the UK, the USA and Hong Kong) regarding ‘online fines payments…
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A new report titled Early Lessons on Regulatory Innovations to Enable Inclusive Fintech indicates that regulatory sandboxes are not the sole vehicle that can be used by regulatory authorities to encourage financial inclusion, and that there are other tools such as innovation offices that could achieve the same results/goal. The report was commissioned by the United Nations Secretary…
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Paris in the middle of winter can be brutal, but one year ago, attendees at the Paris Fintech Forum were hot with crypto fever. When one of Europe’s biggest annual gatherings of its kind convened this year in the City of Light, over 3,000 entrepreneurs, investors, bankers, and regulators braved the cold once again, but…
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The London-based fintech firm Humaniq has announced the concurrent signing of two Memoranda of Understanding (MoU) with Hope for Lives in Sierra Leone and FinTech4Good. Both are prominent US-based organizations that will be part of Humaniq’s new strategy, with the company aiming to position itself as a technology platform facilitating new blockchain-based charity solution for the developing…
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The financial services industry has never been as exciting as other technology-driven genres. Things, however, changed a few years back, when blockchain technology and cryptocurrencies seized the imagination of the public, and more importantly, the imagination of entrepreneurs, investors, and the venture funding establishment. The new buzzword around town became “FinTech”, a bit sexier than…
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When we think of regulators, we normally envision government officials auditing financial service firms, incarcerating fraudsters, and generally being a pain in the neck for all those within their purview, but one key part of their mission statement is also to educate the investing public and keep them aware of important trends. In that latter…
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Japan’s Financial Services Agency (FSA) has just announced that it has signed two cooperation frameworks, respectively with the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) of France to promote innovation in their respective markets. This will lead to increased exchanges regarding innovative trends, regulatory issues and any…
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The United Arab Emirates are already in the "bull" graph when it comes to cryptocurrencies and their adoption. Dubai is one of the most technologically advanced countries in the world, and it has set a mission to become a global tech hub in the very recent future. Dubai has set the ambitious goal to have…
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The Chancellor of the Exchequer, Philip Hammond, has revealed that he will position Britain as the “natural global home” of new and innovative financial services after Brexit at the IMF Annual Meeting in Bali (10 – 13 October). With financial technology as the designated theme of the gathering, the Chancellor will herald Britain’s approach to…
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The Luxembourg Commission de Surveillance du Secteur Financier (CSSF) and the Australian Securities and Investments Commission (ASIC) have signed a Cooperation Agreement which provides a framework for cooperation to understand financial innovation in each jurisdiction. The Agreement provides a framework for information sharing between the two regulators on financial technology (fintech) and regulatory technology (regtech).…
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