Financial innovation

Central bank digital currency and monetary policy implementation

Retrieved on: 
Thursday, April 18, 2024
E41, Central bank digital currency, Atlantic Council, Research Papers in Economics, Remuneration, Norges Bank, People's Bank of China, Policy, Central Bank of Myanmar, Bank for International Settlements, Blog, Financial innovation, Sveriges Riksbank, Bank of Canada, Mechanics, Journal of Monetary Economics, Insurance, Bank of England, E42, Corridor, Quarterly Journal of Economics, Report card, Frankfurt, Appetite, American Economic Association, Digital rupee, Rosolin, RBI, PDF, Private, ECB, Committee, Inden, North Rhine-Westphalia, Bank, Canadian International Council, Social science, JEL, JMD, ECCB, Digital, Journal, Research, POC, European Central Bank, ENaira, M.A, Monetary economics, Section 5, Government, ISSN, The, Central bank, Finance, Buffer, Parliament, CBN, EONIA, Asset, ATM, Risk, International Monetary Fund, Interbank, Section 4, Ministry, Press release, Section 3, Human, Waterfall, Cryptocurrency, Economy, Swiss National Bank, PIB, Section 2, Conference, Reserve Bank, Reserve Bank of India, GBP, Progress, Road, American Economic Review, CBB, Digital currency, Agur, European Commission, International Settlement, Constraint, Money, Community business development corporation, City, Equivalence, Eligibility, Ministry of Finance, Report, Control, Civil service commission, EUR, Uncertainty, Eastern Caribbean Central Bank, Abadi, Rest, Reproduction, Fintech, IMF, Federal Reserve, LCR, Data
Key Points: 

    Galaxy Asset Management Chief Compliance Officer Lagan Srivastava Appointed to FINRA FinTech Committee

    Retrieved on: 
    Thursday, December 14, 2023
    Galaxy, Security (finance), Financial Industry Regulatory Authority, NASAA, FINRA, Education, TSX, Financial innovation, Fintech, Financial adviser

    NEW YORK, Dec. 14, 2023 /CNW/ - Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy") is pleased to announce that Galaxy Asset Management's Chief Compliance Officer, Lagan Srivastava, has been appointed to the Financial Industry Regulatory Authority (FINRA) FinTech Committee.

    Key Points: 
    • NEW YORK, Dec. 14, 2023 /CNW/ - Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy") is pleased to announce that Galaxy Asset Management's Chief Compliance Officer, Lagan Srivastava, has been appointed to the Financial Industry Regulatory Authority (FINRA) FinTech Committee.
    • "I'm honored to be representing Galaxy on the FINRA FinTech Committee and playing a role in advancing meaningful, common-sense regulations for the digital asset industry," said Ms. Srivastava.
    • As a self-regulatory organization, FINRA deeply values the contributions of all who lend their time and expertise to participate in this important process."
    • This appointment reaffirms Galaxy's dedication to collaborating with U.S. regulators to drive innovation while ensuring investor protection and market integrity.

    Quantum Computing Has Potential to Reshape Securities Industry, New FINRA Report Says

    Retrieved on: 
    Monday, October 30, 2023
    Software, Research, Internet, Professional Services, Fintech, Data Management, Technology, Artificial Intelligence, Security, Data Analytics, Science, Finance, Comment, FINRA, Quantum computing, Economics, Artificial intelligence, Quantum, Computer security, Computer, Risk assessment, Financial innovation, AI, Mechanics, Medical device, Cryptocurrency, Risk management

    FINRA released today a new report, Quantum Computing and the Implications for the Securities Industry .

    Key Points: 
    • FINRA released today a new report, Quantum Computing and the Implications for the Securities Industry .
    • The report provides an overview of quantum computing’s potential ability to solve problems too large or complex for traditional computers and thereby reshape the securities industry by presenting newfound capabilities and challenges.
    • “We look forward to collaborating with the securities industry to understand the implications that quantum computing could have on the financial markets.
    • Quantum computing is seen as potential accelerant of AI, which has become a prominent topic and tool in the industry .

    The United States Remains A Key Player In The Global Crypto Industry, Despite Recent Regulatory Challenges: PayBito CEO Raj Chowdhury

    Retrieved on: 
    Tuesday, August 8, 2023
    Crypto, Cloud, CFTC, SegWit, UI, Customer support, FTX, PALO, Miner, KYC, United States House of Representatives, Risk management, Innovation, Financial innovation, Committee, AML, Running, As a service, Century, Growth, Ecosystem, AI, United States Department of the Treasury, Hunger, Synovial joint, Legislation, Cryptocurrency

    PALO ALTO, Calif., Aug. 8, 2023 /PRNewswire-PRWeb/ -- The global crypto community is viewing recent US policies as an overreaction to the FTX aftermath. The consensus feels strict crypto regulations can stifle innovations and limit market growth. PayBito CEO Raj Chowdhury however stays bullish on the US remaining a global crypto hub in upcoming years, adding the nation's talent pool will prevent the scales from tipping.

    Key Points: 
    • PayBito CEO Raj Chowdhury discusses the US's continued role in the global crypto industry, despite the recent SEC crackdown.
    • PALO ALTO, Calif., Aug. 8, 2023 /PRNewswire-PRWeb/ -- The global crypto community is viewing recent US policies as an overreaction to the FTX aftermath.
    • PayBito CEO Raj Chowdhury however stays bullish on the US remaining a global crypto hub in upcoming years, adding the nation's talent pool will prevent the scales from tipping.
    • PayBito CEO and blockchain pioneer Raj Chowdhury states, "Brokers have solutions that can empower their capabilities and expand their portfolios.

    ClearSale’s $15.5 Million in New Sales Part of Strong Q4 Earnings Report

    Retrieved on: 
    Wednesday, May 24, 2023
    Technology, Payments, Security, Fintech, Electronic Commerce, Professional Services, Software, Internet, Retail, Online Retail, IPO, Agility, ClearSale, Intelligence, Financial innovation, USD, Silver, P&L, Acquisition, Diving, Growth, Disposable household and per capita income, Video game, Management, New Ventures

    The company’s impressive end of year earnings included an 11.4% increase over 2021, totaling more than USD$102 million.

    Key Points: 
    • The company’s impressive end of year earnings included an 11.4% increase over 2021, totaling more than USD$102 million.
    • ClearSale’s Adjusted Gross Margin returned to pre-IPO levels, with the company’s success in 2022, and in particular in Q4, following changes to both direction and organizational structure.
    • During the year, the company shifted strategy to balance growth with profitability, resulting in a 15.1% growth rate in Q4 of 2022, compared with Q1’s 7.6% growth rate.
    • These changes, and the associated growth and profitability, have not changed ClearSale’s position as a customer service leader and as an employer of choice.

    AIF Institute Announces the Launch of its Center for Private Capital Investing and the Addition of Former Oklahoma Deputy State Treasurer Andrew Messer as its Executive Director

    Retrieved on: 
    Friday, February 10, 2023
    State, Head, The Carlyle Group, Finance, Pennsylvania Public School Employees' Retirement System, CBRE, Oklahoma State Bond Advisor, Digital, National Institute of Public Finance and Policy, Pepperdine University, Faculty, Chicago, California State Treasurer, ESG, Machine learning, Administration, Coinbase, Executive, Research, Data, Public policy, Oklahoma Public Employees Retirement System, Sustainability, Symposium, State Board of Administration of Florida, Cboe Global Markets, National Association, Blockchain, Artificial intelligence, The Center, Financial innovation, GCM Grosvenor, Capital, CIO, State treasurer, Center of excellence, Public finance, Cryptocurrency, Management

    NEW YORK, Feb. 10, 2023 /PRNewswire/ -- The AIF Institute, which is the educational arm of independent economic think tank AIF Global (https://aifglobal.org), announced the launch of its fourth Center of Excellence—the Center for Private Capital Investing—at its 2023 Annual Investors' Meeting in New York City.

    Key Points: 
    • The AIF Institute also announced the addition of former Oklahoma Deputy State Treasurer Andrew Messer as its new Executive Director.
    • The Center will enable the AIF Institute to drill deeper in its study of alternative investments and to serve as a continuous, real-time resource to the world's largest institutional asset owners."
    • AIF Institute President Melissa Waller added, "We are thrilled and honored to have Andrew Messer join AIF senior leadership as the Executive Director of the AIF Institute.
    • Prior to joining AIF Global, Mr. Messer served as Deputy Treasurer for the state of Oklahoma.

    China's Dishui Lake - World's Financial Bay

    Retrieved on: 
    Thursday, December 8, 2022
    Neumark, Speech, Bank for International Settlements, HSBC, Development, Conference, Silicon Valley Bank, Nobel Memorial Prize in Economic Sciences, Emerging, IMF, Bank, International Monetary Fund, BIS, Openness, Intelligence, Government, South Korean IMF (International Monetary Fund) Agreement,1997, Financial innovation, Silicon, Petroleum, BOCOM, Turing Award, Renewable energy, Economics, Dishui Lake station

    SHANGHAI, Dec. 8, 2022 /PRNewswire/ -- On December 8, the Dishui Lake Emerging Finance Conference, themed Financial Innovation and Openness in China's New March to Modernization, took place at the permanent venue for the World Laureates Forum, located on the shore of Dishui Lake in the China (Shanghai) Pilot Free Trade Zone Lin-gang Special Area. The event highlighted the area's strengths in artificial intelligence, integrated circuits, intelligent electric vehicles, high-end equipment manufacturing, and other cutting-edge sci-tech industries, and invited leaders from government and financial regulatory authorities, as well as industry experts and leaders. The event reinforces the area's tagline "China's Dishui Lake - World's Financial Bay", with discussions on finance, technology and openness.

    Key Points: 
    • SHANGHAI, Dec. 8, 2022 /PRNewswire/ --On December 8, the Dishui Lake Emerging Finance Conference, themed Financial Innovation and Openness in China's New March to Modernization, took place at the permanent venue for the World Laureates Forum, locatedon the shore of Dishui Lake in the China (Shanghai) Pilot Free Trade Zone Lin-gang Special Area.
    • The eventreinforcesthe area's tagline"China's Dishui Lake - World's Financial Bay", with discussions on finance, technology and openness.
    • To this end, new and emerging financial modelswill provide a powerful solution for the zone's efforts in seeking new areas forindustrial growth and creating a new ecosystemfor financial services.
    • The financial center of the future is taking shape, withDishui Lake Financial Bay well on its way to becoming aworld-class financial hub at the forefront offinancial opening, promotingvalue innovation and paving the way forthe next generation of new and emerging industries.

    FINRA Promotes Jonathan Sokobin to Executive Vice President and Head of the New Office of Regulatory Economics and Market Analysis

    Retrieved on: 
    Thursday, December 1, 2022
    Finance, Law Enforcement, Emergency Services, Professional Services, Legal, Public Policy, Government, General counsel, Regulatory economics, Kellstadt Graduate School of Business, Research institute, Majlis Research Center, Methodist University, Economics, University, Doctor of Philosophy, Policy, MBA, Education, Cox School of Business, Graduate school, Office of Financial Research, Department of the Treasury, Senior, REMA, Security (finance), Financial innovation, FINRA, Faculty, OFI, Pennsylvania Office of General Counsel, Chicago (franchise), Office of Intelligence and Analysis (Treasury Department), Research, Risk assessment, OCE, Division, Business, Office, Management, Risk management, Financial adviser, Risk

    The Office works closely with the Office of General Counsel and other departments in assessing the economic implications of FINRAs policies and programs.

    Key Points: 
    • The Office works closely with the Office of General Counsel and other departments in assessing the economic implications of FINRAs policies and programs.
    • OCE also works collaboratively with FINRAs Regulatory Operations team to provide data, statistical and economic analyses to identify and measure regulatory risks and investor harm.
    • OCE regularly publishes its research, including the Industry Snapshot , which provides a high-level overview of the industry informed by regulatory data collected by FINRA.
    • I am excited to lead the Office of Regulatory Economics and Market Analysis and our team of talented professionals, said Sokobin.

    Web3 Foundation Announces Polkadot Blockchain’s Native Token (DOT) Has Morphed and Is Software, Not a Security

    Retrieved on: 
    Friday, November 4, 2022
    Blockchain, Software, Internet, Web3, Professional Services, Technology, Fintech, Digital Cash Management, Digital Assets, Financial innovation, Foundation, DAO, Compliance, Time, Sale, Complaint, Polka dot, Marketing, Framework, Asset, Heel, DOT, Kik, SEC, Ceylon Biscuits Limited, Software, Web3, Cryptocurrency, Telegraphy

    Web3 Foundation announced today a landmark achievement towards the realization of Web 3.0: the Polkadot blockchains native digital asset (DOT) has morphed and is no longer a security.

    Key Points: 
    • Web3 Foundation announced today a landmark achievement towards the realization of Web 3.0: the Polkadot blockchains native digital asset (DOT) has morphed and is no longer a security.
    • At the time, the Web3 Foundation was still six (6) months away from taking the initial step to launch the Polkadot network in May 2020, and concluded with the launch of parachains in December 2021.
    • For purposes of U.S. federal securities laws, there was a possibility that it would no longer be a security.
    • In the Web3 Foundations view, current offers and sales of DOT, the native token of the Polkadot blockchain, are not securities transactions.

    FINRA Launches Machine-Readable Rulebook Initiative

    Retrieved on: 
    Friday, October 21, 2022
    Finance, Law Enforcement, Emergency Services, Professional Services, Legal, Public Policy, Government, Risk management, API, SEC, Efficiency, Education, Financial innovation, Research, Nokia 3210, Technology, Industry, 3rd millennium, FINRA, Associate, FIRST, Head, Nokia 3220, Compliance, Financial adviser

    FINRA announced today that it has launched a machine-readable rulebook initiative designed to enhance firms compliance efforts, reduce costs and aid in risk management.

    Key Points: 
    • FINRA announced today that it has launched a machine-readable rulebook initiative designed to enhance firms compliance efforts, reduce costs and aid in risk management.
    • As part of this initiative, FINRA has created a prototype of a rulebook search toolthe FINRA Rulebook Search Tool (FIRST).
    • The taxonomy applied to the FINRA rulebook, as part of the machine-readable rulebook initiative, is made available through FIRST using a browse functionality that allows users to explore the summary topics and detailed topics before selecting search terms.
    • Through the rulebook API on the FINRA API Platform, firms can ingest the rule content along with taxonomy terms applied to each of the 40 tagged FINRA rules.