Search Results for: Global banks
West Africa now has its own digital currency
December 30th, 2016
Senegal will soon begin using a digital currency in 2017. It’s another opportunity for financial technology (fintech) to help emerging markets leapfrog traditional banking systems and bring financial inclusion to more people. If the Senegal roll-out is successful, the ...
Blockchain shows great promise to improve accounting issues
December 29th, 2016
While blockchain tech is poised to disrupt a wide variety of industries, it is also poised to dramatically impact those professions that serve all industries. One area that appears primed for massive change is the accounting field. Here, the ...
Dollar dips, Nikkei slugged by Toshiba selloff
December 29th, 2016
Asian shares were subdued on Thursday after Wall Street suffered a mild setback after weeks of gains, while a pullback in U.S. yields prompted year-end profit taking in the dollar. Japan’s Nikkei shed 1.3 percent as the yen firmed ...
Law Firms’ Accounts Pose Money-Laundering Risk
December 27th, 2016
Law Firms’ Accounts Pose Money-Laundering Risk Hundreds of millions of dollars allegedly siphoned from Malaysian state fund 1MDB passed through firms’ pooled accounts in U.S., prosecutors say Tens of billions of dollars every year move through opaque law-firm bank ...
Outlook for 2017
December 26th, 2016
We exit 2016 on a tide of investor optimism. At long last, there will be a businessman in charge of the US economy in the form of a new president, and the stimulation he will provide is of tax ...
The dawn of financial technology in Islamic finance
December 23rd, 2016
Over the past decade, financial technology — widely referred to as FinTech — has grown primarily due to growing Internet access worldwide and the emergence of smartphones and apps. According to the Ericsson Mobility Report published last year, 70 ...
British Pound vs Dollar, Euro: The Only Way is Up in 2017 Forecasts Nordea
December 22nd, 2016
After one of the worst years in its history, the British Pound could make a comeback in 2017 according to Nordea Market’s FX Strategist Aurelija Augulyte. “2016 was a disaster for the GBP, as the unexpected Brexit vote knocked ...
CFTC Orders Goldman Sachs to Pay $120 Million Penalty for Attempted Manipulation
December 22nd, 2016
The U.S. Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against The Goldman Sachs Group, Inc., and Goldman, Sachs & Co. (collectively, Goldman or the Bank). The Order finds that, beginning in January 2007 ...
Bitcoin crushed every other currency in 2016. Here are five reasons why
December 20th, 2016
Bitcoin, that nebulous digital currency that trades in cyberspace and is “mined” by code-cracking computers, emerged as a better bet this year than every major currency, stock index and commodity contract. The electronic coin that trades – and is ...
Hong Kong to Start 2017 Disruption With Fintech Festival
December 20th, 2016
The first fintech event of 2017 will see 24 startups from across the globe heading to Hong Kong as part of the week long StartmeupHK Festival. 2017 is expected to be another year of disruption with more financial technology ...
