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400+ Investors Support African Fintech Till September 2022
In the first three quarters of 2022, there were 414 individual investors in Africa's FinTech market, up 12% from the same period the year before. African FinTech investors took part in 536 investment rounds in total, which is an...
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Fintech Future of Europe Has Shades of Traditional Banking
Giant fintech companies in Europe were founded on the promise of innovative financial methods. Their future moves are starting to resemble tried-and-true traditional banking as a result of the pressure from increasing interest rates and anxious investors.
Following US-Irish rival...
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SEC Wants Public Listed Firms To Report Cryptocurrency Risk
The quick and dramatic collapse of cryptocurrency trader FTX and its sibling companies has prompted the Securities and Exchange Commission (SEC) to demand that publicly traded corporations disclose information about their exposure to troubled crypto firms to investors.
The SEC...
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NYDFS Wants Cryptocurrency Businesses Pay For Supervision
The New York Department of Financial Services (NYDFS) put up a proposal that would let the department charge crypto firms with state licences for supervision and examination expenses. According to a department press statement, the fees, which are a...
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Fintech Leaders Deeply Concerned About Regulations In 2022
According to the results of a poll of 100 industry leaders conducted in 2021 and 2022, regulatory constraints have doubled in importance for fintech leaders.
As per a Fintech 2022 poll by Alloy and Gartner Peer Insights, nearly one-third (32%)...
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U.S. Treasury Promotes New Crypto Regulatory Legislation
Top financial regulators from the Financial Stability Oversight Council (FSOC), a U.S. regulatory body, recommended to Congress on October 3rd that it pass legislation that addresses the risks that digital assets pose to the financial system, including initiatives to strengthen...
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Banks In The US Utilise Automation To Increase Efficiency
According to VP analyst at Gartner, Saikat Ray, executives across sectors are looking to automation to achieve cost minimization and increased productivity goals, as reported by CIO Dive in August. By the end of 2022, the market for robotic process...
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