Search Results for: World Bank
Deloitte Unveils Five Blockchain Partnerships and 20 Prototypes
May 4th, 2016
One of the largest accounting firms in the world, Deloitte, says it has partnered with five blockchain startups and built a wide range of prototypes to service industries including insurance, employee management and cross-border payments. The ‘Big Four’ accounting ...
Financial Services industry losing £165 million in invoice fraud
April 28th, 2016
Businesses in financial services (FS) are losing more than £165 million in invoice fraud every year. According to the new research published today by Tungsten, this amounts to £1,969 per business. Of those affected, one in five believes the ...
5 reasons Why someone would use Bitcoin
April 28th, 2016
It has now been eight years since Satoshi Nakamoto released his peer-to-peer digital cash system to the world, and the debate over whether or not the payment network and currency have any real, long-term value is still undecided. Having said that, ...
Bitcoin becoming regulated currency in the European Union
April 27th, 2016
Slovenian startup Bitstamp just did something that no other digital currency startup was able to do – launch the first nationally licensed Bitcoin exchange (BitEx). As it usually goes, the startup could not receive a license in its home country, so ...
‘Panama Papers’ Database Will Soon Go Public, Allowing Online Search Of More Than 200,000 Offshore Entities
April 27th, 2016
The International Consortium of Investigative Journalists (ICIJ) said Tuesday that the Panama Papers, a massive trove of documents about offshore companies and the people who established them, will be available online as a searchable database beginning May 9. The anonymously ...
What Apple’s first revenue decline in 13 years means for the stock market
April 27th, 2016
Apple Inc.’s disappointing corporate results late Tuesday may be a bad omen for a skittish market fretting about the health of the U.S. and global economy. Apple AAPL, -0.69% CEO Tim Cook pinned some of the blame for the Cupertino, Calif.-based company’s ...
Artificial Intelligence seen as opportunity and threat by financial services sector
April 26th, 2016
New global survey reveals tensions between optimism and unease Majority believe AI and other fintech will make financial markets more competitive by 2018 But more than three-quarters say regulators are unable to keep pace with changing technology Sixty percent ...
City of London Police seized £30 million suspected to have been generated in FX markets and Ponzi schemes
April 26th, 2016
A South Wales man has been arrested by the City of London Police in possession of bankers’ drafts worth £30 million in what is believed to be the biggest ever money seizure made by UK law enforcement. The funds ...
Asian Stocks Retreat as Oil Falls With Copper; Yen Strengthens
April 25th, 2016
Japanese currency advances after steepest drop since 2014 Crude retreats from five-month high; British pound gains Asian shares were set for the first back-to-back declines in a month as commodities prices retreated and the yen strengthened, reflecting investor caution ...
EU referendum: Seven Brexit myths debunked by economists
April 22nd, 2016
With so many unknowns going into the EU referendum, there have been plenty of claims and counter-claims being made about the impact leaving the union could have on the UK. Economists at Berenberg claim the debate has been “shrouded in myths, ...
