Search Results for: financial market infrastructures

The Middle East Is the Fastest Growing Real-Time Payments Market Globally, Finds ACI Worldwide Report
Digital Payments News

The Middle East Is the Fastest Growing Real-Time Payments Market Globally, Finds ACI Worldwide Report

Business Wire
by Business Wire0
According to ACI’s 2023 Prime Time for Real-Time report, transactions in the region are expected to grow from $675 million in 2022 to $2.6 billion by 2027, representing a CAGR of 30.6% The Middle East is fast becoming the global hotspot for the real-time payments revolution sweeping the globe. The region......
EquiLend Selects Digital Asset as Distributed Ledger Technology for Securities Finance Market Initiative
Finance News

EquiLend Selects Digital Asset as Distributed Ledger Technology for Securities Finance Market Initiative

PR Newswire
by PR Newswire0
Digital Asset to provide the underlying technology for the new industry-driven 1Source initiative led by EquiLend EquiLend announces that it has selected Digital Asset to provide the distributed ledger technology underpinning the EquiLend 1Source initiative. Unveiled in July 2022 as part of EquiLend’s Digital Transformation Working Group, which consists of many of the world’s largest banks......
The Swiss Financial Industry Has Successfully Traded and Settled Tokenized Investment Products
Blockchain News

The Swiss Financial Industry Has Successfully Traded and Settled Tokenized Investment Products

Fintech News Desk
by Fintech News Desk0
Credit Suisse, Pictet and Vontobel have conducted a proof of concept to issue tokenized investment products recorded on a public blockchain and traded on BX Swiss, the Swiss regulated stock exchange For the first time, key players in the Swiss financial industry successfully developed and tested a novel settlement mechanism......
Dragonfly Financial Technologies Launches as a Market Leader in Digital Business Banking Solutions
Banking Fintech News

Dragonfly Financial Technologies Launches as a Market Leader in Digital Business Banking Solutions

Fintech News Desk
by Fintech News Desk0
Large base of commercial bank customers in 11 countries with $6 trillion in combined assets to benefit from laser-like focus on API strategy, innovation and customer success Dragonfly Financial Technologies Corp., a digital banking and treasury management fintech, announced its official launch as an independent company following the completion of One Equity......
Data Management and AI Automation Tools Are the Top Investment for Financial Firms, Broadridge Survey Finds
Fintech News

Data Management and AI Automation Tools Are the Top Investment for Financial Firms, Broadridge Survey Finds

Fintech News Desk
by Fintech News Desk0
57% of respondents confirm financial firms still have progress to make, before they reach the advanced stages of innovation and technology efforts Investing in technology to better optimize data and modernize data management are the top priorities for financial services firms according to new research by global Fintech leader, Broadridge Financial......
Parallel Finance Continues Rapid Product Expansion With Launch of Omni: NFT Money Market
Finance News

Parallel Finance Continues Rapid Product Expansion With Launch of Omni: NFT Money Market

Fintech News Desk
by Fintech News Desk0
Announcement comes on the heels of seven recent product launches, advancing Parallel Finance’s mission to mainstream decentralized finance Parallel Finance, the leading decentralized lending and staking protocol that aims to bring decentralized finance to the mainstream, today announced the launch of Omni NFT Money Market built on Ethereum. Latest Fintech......
Fireblocks Appoints Former Head of Fintech from Bank of England As New Director of CBDC and Market Infrastructure
Finance News

Fireblocks Appoints Former Head of Fintech from Bank of England As New Director of CBDC and Market Infrastructure

Fintech News Desk
by Fintech News Desk0
Fireblocks the industry leader and award-winning digital asset and crypto technology provider, announced today it has appointed the former Head of Fintech at the Bank of England, Varun Paul, as its new Central Banking Digital Currency (CBDC) and Market Infrastructure Director. In this new role, Paul will serve on Fireblocks’ Corporate Strategy......
Study Shows Financial Services Organizations are in Early Phases of Multicloud Adoption
Cloud Finance News

Study Shows Financial Services Organizations are in Early Phases of Multicloud Adoption

Fintech News Desk
by Fintech News Desk0
Research Reveals Hybrid Multicloud is the Ideal IT model, but the Financial Services Industry is Slower to Adopt Nutanix, a leader in hybrid multicloud computing, announced the financial services findings of its global 2022 Enterprise Cloud Index (ECI) survey and research report, which measures enterprise progress with cloud adoption in the industry. The......
By 2030, 74 Percent Of Consumer Payments Will Be Handled by Non-traditional Financial Service Providers
Digital Payments News

By 2030, 74 Percent Of Consumer Payments Will Be Handled by Non-traditional Financial Service Providers

Fintech News Desk
by Fintech News Desk0
“Future ready” paytech investment to date by Financial Services Institutions has not been sufficient in slowing down this shift, resulting in a loss of $250 billion in payments revenue by 2030 According to a new study by IDC Financial Insights commissioned by Episode Six, a payments technology company, 74% of consumer payments will be handled by non-traditional financial service institutions (FSIs) by 2030[i]. This figure is an increase from 60% in......
Kakao Pay Takes a Quantum Leap Through the IPO to Become the Nationwide One-stop Platform for All Digital Financial Services
Digital Payments Fintech News

Kakao Pay Takes a Quantum Leap Through the IPO to Become the Nationwide One-stop Platform for All Digital Financial Services

Fintech News Desk
by Fintech News Desk0
Kakao Pay plans to empower users by placing diverse financial services at their fingertips The company showed strong growth in the numbers of the user base, partnerships with financial institutions, total transaction volume, and revenue The IPO proceeds will be used in the capital expansion of the subsidiaries, reinforcement of the......
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