International Financial Services Centre

State Street Officially Opens its New Kilkenny Office

Retrieved on: 
Monday, March 25, 2024

State Street Corporation (NYSE: STT) one of the world's leading providers of financial services to institutional investors, today marked the official opening of its new office building in Kilkenny.

Key Points: 
  • State Street Corporation (NYSE: STT) one of the world's leading providers of financial services to institutional investors, today marked the official opening of its new office building in Kilkenny.
  • State Street established its Irish operations in 1996 and has grown to become one of the largest international financial services employers in Ireland.
  • With a presence in Kilkenny for over 20 years, State Street was the first company in the International Financial Services Centre (IFSC), to establish a regional base outside of Dublin.
  • “Our new office and global cybersecurity centre reflects State Street’s commitment to Ireland and our confidence in the South-East region's exceptional talent pool” said Ron O ’Hanley, chairman and chief executive officer of State Street.

Global Fintech Fest 2023

Retrieved on: 
Thursday, September 7, 2023

“Introduction of Central Bank Digital Currency (CBDC) in Nepal shall be envisioned in a phased manner,” said Mr. Maha Prasad Adhikari, Governor, Nepal Rastra Bank, during a special address on ‘Empowering Financial Inclusion through Fintech Innovation: Nepal's Journey towards a More Inclusive Financial Landscape’ at the Global Fintech Fest 2023.

Key Points: 
  • “Introduction of Central Bank Digital Currency (CBDC) in Nepal shall be envisioned in a phased manner,” said Mr. Maha Prasad Adhikari, Governor, Nepal Rastra Bank, during a special address on ‘Empowering Financial Inclusion through Fintech Innovation: Nepal's Journey towards a More Inclusive Financial Landscape’ at the Global Fintech Fest 2023.
  • Mr. Adhikari said that the government of Nepal considered digitalisation as its top priority and accordingly formulated its Digital Nepal Framework in 2019.
  • In alignment with this the issuance of the Nepal Pay Card, like India’s RuPay card, is in progress.
  • Highlights of Global Fintech Fest 2023:
    3 days | 13 tracks | 800+ Speakers | 15+ Thought Leadership Reports |81 Academic Papers| 50+ Workshops | 125+ Countries | 250+ Sessions | 250+ Investors |500+ exhibitors |150K Sq.

Global Fintech Fest 2023 - AFAQ and BUNA Systems Have Improved Payments in GCC: Khaled Al Basias of Saudi Central Bank

Retrieved on: 
Friday, September 8, 2023

MUMBAI, India, Sept. 8, 2023 /PRNewswire/ -- Speaking at Global Fintech Fest 2023, H.E.

Key Points: 
  • MUMBAI, India, Sept. 8, 2023 /PRNewswire/ -- Speaking at Global Fintech Fest 2023, H.E.
  • Khaled Al Basias, Director Financial Sector Development, Saudi Central Bank highlighted that the AFAQ and BUNA systems have helped improve payments in the GCC region.
  • AFAQ system was created in 2020 to link all the GCC countries' RTGS payments and central banks for foreign exchange transactions.
  • Highlights of Global Fintech Fest 2023:
    3 days | 13 tracks | 800+ Speakers | 15+ Thought Leadership Reports | 81 Academic Papers | 50+ Workshops | 125+ Countries | 250+ Sessions | 250+ Investors | 500+ exhibitors | 150K Sq.

Global Fintech Fest 2023: Standardisation Across Regulators Key for Interoperability Success: Adeeb Ahamed, MD, Lulu Financial Holdings

Retrieved on: 
Thursday, September 7, 2023

The session was hosted by Maria Francis, Incharges for Americas, NPCI International Payments Limited.

Key Points: 
  • The session was hosted by Maria Francis, Incharges for Americas, NPCI International Payments Limited.
  • Honor Gunday said, "For a foreign merchant wanting to process payments from India, it is difficult to take money out.
  • Besides, when consumers want to buy something from outside, their credit cards get blocked and mostly not open for foreign transactions.
  • Speaking on the complexity of interoperability, Tom Greenwood said, "UPI is the shining beacon example of successful implementation of RTP globally.

Global Fintech Fest 2023: Standardisation Across Regulators Key for Interoperability Success: Adeeb Ahamed, MD, Lulu Financial Holdings

Retrieved on: 
Thursday, September 7, 2023

The session was hosted by Maria Francis, Incharges for Americas, NPCI International Payments Limited.

Key Points: 
  • The session was hosted by Maria Francis, Incharges for Americas, NPCI International Payments Limited.
  • Honor Gunday said, "For a foreign merchant wanting to process payments from India, it is difficult to take money out.
  • Besides, when consumers want to buy something from outside, their credit cards get blocked and mostly not open for foreign transactions.
  • Speaking on the complexity of interoperability, Tom Greenwood said, "UPI is the shining beacon example of successful implementation of RTP globally.

Global Fintech Fest 2023: Talent Biggest Challenge for Dubai Fintechs: Mohammad Alblooshi, CEO, DIFC Innovation Hub

Retrieved on: 
Thursday, September 7, 2023

Talent is now the biggest challenge for fintechs in Dubai," said Mohammad Alblooshi, CEO, DIFC Innovation Hub.

Key Points: 
  • Talent is now the biggest challenge for fintechs in Dubai," said Mohammad Alblooshi, CEO, DIFC Innovation Hub.
  • This has led to Dubai being an importer of talent rather than producing its own.
  • He was speaking at a panel discussion on 'Roadmap to establish a thriving FinTech hub: Navigating challenges and driving FS innovation' at the Global Fintech Fest 2023 (GFF 2023).
  • He was joined by Takeshi Kito, Vice-Chair, Fintech Association of Japan, Nezar Alhaidar, Director, Fintech Saudi and Rehan D'Almeida, General Manager, Fintech Australia.

Global Fintech Fest 2023: Fireside Chat - AI Helps Improve Efficiency, Lower Organizational Costs: Thomas Kurian

Retrieved on: 
Wednesday, September 6, 2023

MUMBAI, India, Sept. 6, 2023 /PRNewswire/ -- AI helps financial institutions improve efficiency, change customer relationships and lower costs in the organization, said Thomas Kurian, CEO, Google Cloud.

Key Points: 
  • MUMBAI, India, Sept. 6, 2023 /PRNewswire/ -- AI helps financial institutions improve efficiency, change customer relationships and lower costs in the organization, said Thomas Kurian, CEO, Google Cloud.
  • He was engaged in a fireside chat with Renny Thomas, Senior Partner, McKinsey and Company on 'The Future of Fintech: Empowering Fintech with AI' at the Global Fintech Fest 2023.
  • With initiatives such as UPI and ONDC, many of the products are increasingly going to shift from traditional batch to real-time.
  • Highlights of Global Fintech Fest 2023:
    3 days | 13 tracks | 800+ Speakers | 15+ Thought Leadership Reports | 81 Academic Papers | 50+ Workshops | 125+ Countries | 250+ Sessions | 250+ Investors | 500+ exhibitors |150K Sq.

Global Fintech Fest 2023

Retrieved on: 
Wednesday, September 6, 2023

“Information & Communication Technology and Digital Economy are the backbone of Rwanda’s economic development,” said Soraya M. Hakuziyaremye, Board Vice Chairperson and Deputy Governor, National Bank of Rwanda, during a fireside chat on ‘Innovation for Inclusion’ at the Global Fintech Fest 2023 (GFF 2023).

Key Points: 
  • “Information & Communication Technology and Digital Economy are the backbone of Rwanda’s economic development,” said Soraya M. Hakuziyaremye, Board Vice Chairperson and Deputy Governor, National Bank of Rwanda, during a fireside chat on ‘Innovation for Inclusion’ at the Global Fintech Fest 2023 (GFF 2023).
  • Today, fintech has become a robust and dynamic financial inclusion tool,” Smt.
  • Sitharaman said, dwelling at length on the role of fintechs in building a global responsible financial ecosystem.
  • Highlights of Global Fintech Fest 2023:
    3 days | 13 tracks | 800+ Speakers | 15+ Thought Leadership Reports | 81 Academic Papers | 50+ Workshops | 125+ Countries | 250+ Sessions | 250+ Investors | 500+ exhibitors | 150K Sq.

Global Fintech Fest 2023: An Early Adopter of Technology, Australia is a Thriving Market for Innovators - AusPayNet CEO Andy White

Retrieved on: 
Wednesday, September 6, 2023

MUMBAI, India, Sept. 6, 2023 /PRNewswire/ -- "Australia was an early adopter of tap-and-go technology, effectively combating frauds.

Key Points: 
  • MUMBAI, India, Sept. 6, 2023 /PRNewswire/ -- "Australia was an early adopter of tap-and-go technology, effectively combating frauds.
  • During COVID, there was an incredible adoption of digital wallets, moving away from physical cards while retaining the tap-and-go convenience.
  • In another session on 'Australian Capabilities in Tech Sector', hosted by Vik Singh, Trade and Investment Commissioner, Austrade, Rehan D Almeida, General Manager, Fintech Australia, said that Australia and India could benefit from each other's strengths.
  • "Australia's new trade agreement brings opportunities for people with high skills to get access to the market and find opportunities in Australia.

Global Fintech Fest 2023: Banks and Fintechs Should Explore Partnerships, Navigate Regulations, Leverage Technology For Industry Innovation

Retrieved on: 
Tuesday, September 5, 2023

"Fintechs in India are driving more inclusion and influencing India's financial ecosystem.

Key Points: 
  • "Fintechs in India are driving more inclusion and influencing India's financial ecosystem.
  • Sitharaman said, dwelling at length on the role of fintechs in building a global responsible financial ecosystem.
  • Speaking on how banks and fintechs innovate, Christine Tan (Jang) said, "Banks have infrastructure to provide API access to fintechs and collaborate to scale up their offerings.
  • The alliance between banks and fintechs is the direct access to the latest technology, usually delivered in the form of white labels to banks and financial services."