Central bank

ETA Welcomes the Federal Reserve's CBDC Discussion Paper

Retrieved on: 
Thursday, January 20, 2022 - 10:39pm

WASHINGTON, Jan. 20, 2022 /PRNewswire/ --The Electronic Transactions Association (ETA) today welcomes the Federal Reserve Board's discussion paper Money and Payments: The U.S. Dollar in the Age of Digital Transformation.

Key Points: 
  • WASHINGTON, Jan. 20, 2022 /PRNewswire/ --The Electronic Transactions Association (ETA) today welcomes the Federal Reserve Board's discussion paper Money and Payments: The U.S. Dollar in the Age of Digital Transformation.
  • The paper discusses and seeks comment on whether and how a Central Bank Digital Currency (CBDC) could improve the current domestic payments system.
  • To this end, ETA released "7 Guiding Principles for CBDC" against which any proposed CBDC should be measured.
  • As policymakers and the Federal Reserve consider implementing a CBDC, ETA supports a CBDC that advances these 7 guiding principles:

Beazley further expands Deadly Weapons Protection and Safeguard team in US

Retrieved on: 
Thursday, January 20, 2022 - 3:30pm

New York, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Beazley has appointed Nisar Siddiqui as Production Underwriter Deadly Weapons Protection (DWP) and Safeguard in the USA, underpinning the specialist insurers commitment to expanding its DWP and Safeguard books, and further expanding its reach in the United States.

Key Points: 
  • New York, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Beazley has appointed Nisar Siddiqui as Production Underwriter Deadly Weapons Protection (DWP) and Safeguard in the USA, underpinning the specialist insurers commitment to expanding its DWP and Safeguard books, and further expanding its reach in the United States.
  • Nisar joins Beazley from Donyati LLC, where he provided strategic advisory services to clients in various (re)insurance functions.
  • Alongside advanced insurance coverage, Beazleys DWP and Safeguard products provide critical prevention and crisis response services as standard, delivering specialist protection against two serious and potentially catastrophic business risks.
  • Lucy Straker, Political Violence and Deadly Weapons Protection Underwriter at Beazley, added: With mass shootings in the US increasing, the need for effective risk management has never been greater.

WISeKey Signs Agreement with Universa Blockchain to join the La Linea, Gibraltar 4th Industrial Revolution Center of Excellence

Retrieved on: 
Wednesday, January 19, 2022 - 1:00pm

WISeKey Signs Agreement with Universa Blockchain to join the La Linea, Gibraltar 4th Industrial Revolution Center of Excellence

Key Points: 
  • WISeKey Signs Agreement with Universa Blockchain to join the La Linea, Gibraltar 4th Industrial Revolution Center of Excellence
    Geneva, Moscow, Gibraltar, La Linea January 19, 2022 WISeKey International Holding Ltd (WISeKey ) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, AI, Blockchain and IoT company, announces the signing of a strategic partnership with Universa Blockchain.
  • Alexander Borodich, CEO of Universa Blockchain stated: There should be a digital hub of expertise for the whole world.
  • The fourth industrial revolution is a way of breaking down the boundaries between the physical and digital worlds.
  • The Industrial Revolution Center of Excellence started its operations with the successful launch of WISeSAT Fossa Systems satellites aboard SpaceX transporter rideshare 3 mission last week.

Somalia Telecoms, Mobile and Broadband Markets, Statistics and Analyses Report 2021: Somalia's Government Making Strides in Improving Telecom Sector Regulation - ResearchAndMarkets.com

Retrieved on: 
Wednesday, January 19, 2022 - 5:00pm

The "Somalia - Telecoms, Mobile and Broadband - Statistics and Analyses" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Somalia - Telecoms, Mobile and Broadband - Statistics and Analyses" report has been added to ResearchAndMarkets.com's offering.
  • Having undergone almost three decades in which there was no effective management over Somalia's telecom sector, there have been considerable changes made in recent years.
  • These have mainly been in response to the government, having been newly elected in 2017, being determined to promote ICTs and to bring the country into line with international developments.
  • In addition, the poor currency conversion rate made it easy for locals to make transactions which would otherwise involve large amounts of currency.

KBRA UK Releases Research – The European Securitisation Market in Q4 2021: Strong Finish to the Year

Retrieved on: 
Wednesday, January 19, 2022 - 3:13pm

KBRA UK (KBRA) releases research that provides insight into the types of transactions circulating in the European securitisation market, with a focus on Q4 2021.

Key Points: 
  • KBRA UK (KBRA) releases research that provides insight into the types of transactions circulating in the European securitisation market, with a focus on Q4 2021.
  • European securitisation performance in 2021 was productive following a disrupted year due to the onset of the COVID-19 pandemic in 2020.
  • European securitisation in 2021 reached a post-global financial crisis (GFC) high in terms of issuance sold and distributed to investors.
  • European securitisation in 2021 reached a post-global financial crisis (GFC) high in terms of issuance sold and circulated to investors.

Hurricane Electric Expands Global Network in Frankfurt with New Point of Presence at Maincubes FRA01 Data Center

Retrieved on: 
Wednesday, January 19, 2022 - 7:30am

Hurricane Electric , the worlds largest IPv6-native Internet backbone announced today that it has deployed a new Point of Presence (PoP) at Maincubes FRA01 data center .

Key Points: 
  • Hurricane Electric , the worlds largest IPv6-native Internet backbone announced today that it has deployed a new Point of Presence (PoP) at Maincubes FRA01 data center .
  • Maincubes FRA01 data center is an ultra-modern facility, that minimizes costs with innovative technology and unbeatable energy efficiency.
  • The expansion of Hurricane Electrics presence at Maincubes FRA01 data center will provide Frankfurts bustling economy a variety of new connectivity options and access to Hurricane Electrics extensive global network, said Mike Leber, President, Hurricane Electric.
  • Hurricane Electric operates its own global IPv4 and IPv6 network and is considered the largest IPv6 backbone in the world.

Rubicon Opens New Chile Office to Support Increasing Growth Across Latin America

Retrieved on: 
Tuesday, January 18, 2022 - 2:00pm

The opening of the Chilean office, which represents Rubicons third in the region, supports the firms continued global growth and investment in Latin America, which Rubicon considers a key growth market for the firm.

Key Points: 
  • The opening of the Chilean office, which represents Rubicons third in the region, supports the firms continued global growth and investment in Latin America, which Rubicon considers a key growth market for the firm.
  • The opening of the Chile office will allow clients unparalleled access to the Southern Cone together with on-the-ground experience, contacts, and market expertise.
  • Thanks to a stable regulatory framework and supportive business environment, Chile possesses one of the most developed transport and energy infrastructure networks in Latin America.
  • Over the next few months, Rubicon will be seeking to hire further outstanding talent within the digital, infrastructure, and renewables sectors across its global office network.

Al Mulla Exchange teams up with Nium to improve global payment options

Retrieved on: 
Tuesday, January 18, 2022 - 9:31am

DUBAI, UAE, Jan. 18, 2022 /PRNewswire/ -- Global payments and cards issuance leader Nium announced today a strategic partnership agreement with Al Mulla Exchange, a member of Al Mulla Group and Kuwait's leading remittance and exchange company, to enhance the operation of transfers for Al Mulla Exchange clients to key markets and regions globally.

Key Points: 
  • DUBAI, UAE, Jan. 18, 2022 /PRNewswire/ -- Global payments and cards issuance leader Nium announced today a strategic partnership agreement with Al Mulla Exchange , a member of Al Mulla Group and Kuwait's leading remittance and exchange company, to enhance the operation of transfers for Al Mulla Exchange clients to key markets and regions globally.
  • "We are happy to announce our partnership with Al Mulla Exchange today.
  • Al Mulla Exchange customers will be able to access beneficiaries in countries all over the world and make payments in local currencies thanks to our global network of licences and banking relationships", says Rohit Bammi, Global Head of Institutional Sales at Nium.
  • Nium will enable Al Mulla Exchange to provide their customers with:
    Commenting on this strategic tie-up, Mr. Abdulla Najeeb Almulla, Chairman of Al Mulla Exchange Company said: "Al Mulla International Exchange Company has always focused on delivering consistent and seamless remittance experiences to its customers, through the use of cutting-edge technology in partnership with correspondent banks and service providers.

Rubicon Advises Elgin Energy on the Sale of the UK’s Largest Portfolio of Solar PV Projects

Retrieved on: 
Friday, January 14, 2022 - 11:50am

The portfolio sale marks the UKs largest solar PV transaction to date, consisting of 12 projects at the pre-construction stage located across England, Wales and Scotland, with a combined capacity of 519MW.

Key Points: 
  • The portfolio sale marks the UKs largest solar PV transaction to date, consisting of 12 projects at the pre-construction stage located across England, Wales and Scotland, with a combined capacity of 519MW.
  • We are delighted to have reached this significant milestone and partnered with Iberdrola / ScottishPower Renewables on this portfolio.
  • In addition to the above, Elgin Energy delivered 21 solar projects, totalling 230MW, before the UK Governments Renewables Obligation (ROCs) scheme ended in 2017.
  • Elgin Energy works with long-term strategic partners to deliver projects to energisation and provides asset management services through their operational life.

Nuvei Releases In-depth Research on Cryptocurrency’s Future as a Payment Method

Retrieved on: 
Wednesday, January 12, 2022 - 2:00pm

It uncovers detailed facts and compelling statistics on cryptocurrencies as a viable payment method in eCommerce.

Key Points: 
  • It uncovers detailed facts and compelling statistics on cryptocurrencies as a viable payment method in eCommerce.
  • The white paper, Mystery to Opportunity: The Future of Crypto Payments, can be downloaded from the Nuvei site here.
  • We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands.
  • Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates.