India’s financial crime-fighting agency said on Friday it had frozen the assets of WazirX, linked to the world’s largest digital currency exchange Binance, as part of its investigation into suspected violation of foreign exchange regulations. The federal Enforcement Directorate (ED) said that it froze assets worth 646.70 million rupees ($8.16 million). “We have been fully […]
FinTech
Gains in actively traded assets that can be easily attained are what is driving the first wave of applications in banking and finance. These include improved data security, simplified customer verification required by Know Your Customer (KYC) and anti-money laundering (AML) standards, faster processing, and recordkeeping facilitation. Trading is supported by the common denominator of […]
What is GTE technology, and why are tech moguls betting big on it? GTE technology stands for Global Token Exchange. If you are remotely familiar with the potential of financial freedom that the advent of blockchain-enabled finance has to offer, then those words should give you goosebumps. Billionaires do not get to their level of […]
The current digital transformation in the UAE banking sector is thriving. What we are witnessing today is more than just a simple change in how we make transactions; it goes well beyond simply transitioning from a traditional into a digital world. This entire concept of digital transformation strategy in banking is integral to how banks […]
In times where technology titans are capturing the market, telcos are forced to reimagine their business and embrace a future-back approach to transformation in order to survive and thrive in such a competitive environment. In fact, taking the digital leap is no longer an option especially that following the pandemic, customer behaviors leap-frogged five to […]
Due to our success in marking our presence as one of the leading media outlets covering the tech industry, highlighting its rises and dives, we are pleased to announce the release of Inside Telecom Magazine Issue 1. In our first issue, we concentrated on the ascend of the GCC and the Gulf regions as they […]
One of the digital age’s most relentless discussions circulates around the connection of blockchain in trade finance. Blockchain has the power to reshape trade finance as it has the utmost capacity to decrease unnecessary frictions and inefficiencies taking over the trade finance value chain. This cryptographic ledger is a vital apparatus that would optimize any […]
The world is entering the new age of digital finance, and financial technology is a pivotal element that will help shape the industry’s future. There is no denying that the COVID-19 pandemic played an integral role in altering the UAE’s financial services, going from unconnected traditional ones to becoming a critical and essential factor that […]
Advanced technologies such as machine learning, artificial intelligence (AI), cloud storage, and big data endorsed the financial industry’s digital transformation, allowing banks to heighten their market competition. Big data is one of the leading technologies that helped support and implement digital transformation for large-scale trading banks through storing and analyzing new and advantageous data to […]
The digital era has expanded its limitations of deliverance to reach financial services. The World Bank is implementing a strategy to enlarge the adoption of digital financial services in developing countries to answer poverty and suffering economies. The integration of technology and finance (Fintech) in countries where an economy based on traditional services is suffering […]