Financial Innovation

64 groups and individuals support UN withdrawal of Matt Hancook as ECA special envoy

They expressed fears that what they said could be a “damaging fallout from the failed nomination attempt.” In a statement, the 64 signatories expressed concern about the consequences and lessons of this appointment, saying the Hancock debacle has damaged UNECA as well as the credibility and reputation of its executive …

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Addepar Acquires AdvisorPeak to Streamline Rebalancing and Portfolio Trading for Asset Managers

AdvisorPeak’s team of experts joins Addepar to complement the company’s rapid pace of innovation and growth MOUNTAIN VIEW, CALIFORNIA., 22 October 2021 / PRNewswire / – Addepar, a leading wealth management technology platform designed specifically for investments, today announced the acquisition of AdvisorPic. As a strategic technology partner within Addepar’s …

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AfDB and MTN commit $ 500,000 to study women’s access to financial services in Nigeria

The African Development Bank (AfDB) has announced that it has signed a grant agreement worth $ 500,000 with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of MTN. The fund will help study the economic, religious and social factors hampering women’s access to finance in northern Nigeria. Olufemi Terry, AfDB …

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State of North Carolina Adds FinTech Sandbox to Encourage Innovation in Financial Services

The North Carolina Regulatory Sandbox Act of 2021 was enacted, making the state one of the few seeking to encourage innovation in financial services. The Mountaineer reported that the legislation received unanimous support in both the State House and Senate. North Carolina is consistently ranked high for its business-friendly government. …

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New report identifies leaders in fast-growing integrated finance

opening, a Geneva-based strategy consulting firm specializing in financial services, has just launched an integrated finance report that includes a market map of 45 providers. Integrated finance differs from banking as a service (BaaS) in that it is offered through consumer-oriented businesses that offer access to financial services along with …

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How the Fed’s easy money spurred today’s financial frenzies – OpEd – Eurasia Review

By Joseph Solis-Mullen * Although the effective federal funds rate remains below 0.1%, the reaction of the markets and the financial press when the ten-year Treasury yield crossed the 1.5% threshold near the start of the month reminds us to how fragile the underlying monetary framework of our economy has …

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The pandemic is turning millions of people into entrepreneurs – is it the right financial decision for you?

nensuria / iStock.com There have been a record number of new businesses since the start of the pandemic. According to data from the US Census Bureau, there have been 4.3 million new business applications in 2020 and 3.8 million so far this year. Find Out: What Do Small Businesses Really …

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Where does the Fed stand on crypto and digital currencies

The central bank of the United States, the Federal Reserve System, has explored policy responses to the rise of cryptocurrencies and digital currencies. For example, in his press conference after the FOMC meeting that ended on September 22, 2021, Federal Reserve Chairman Jerome Powell acknowledged that the Fed is actively …

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ECB slams Bitcoin, talks CBDC within 5 years – Ledger Insights

Today at the SIBOS banking conference, Ulrich Bindseil of the European Central Bank (ECB) said that Bitcoin as an efficient payment instrument is an illusion and painted a picture of what a digital currency could look like central bank (CBDC) in five years. Meanwhile, the Hong Kong Monetary Authority (HKMA) …

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ABN AMRO intends to appoint new members of the Management Board,

ABN AMRO to the intention of appoint a new board of directors members, simplifies organizational setup In order to further strengthen the execution of its strategy and serve its clients as a personal bank in the digital age, ABN AMRO is simplifying its organizational setup and intends to appoint new …

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