Blog

Since financial technology is now expanding globally, a great number of start-up and established businesses are proving that they could flow along with the innovating industry. It started with intellectual e-commerce products and services that turned traditional financial markets into digital systems such as cryptocurrency wallets and foreign payment solutions. From there, it was revolutionized […]

The megabank previously launched its own digital challenger bank in the United Kingdom and is now making good progress, quieting down investor concerns, and showing potential global success as the bank eyes international expansion. Last September 2021, JPMorgan Chase & Co., the America’s biggest bank, piloted a digital lender bank in the United Kingdom under […]

Mastercard’s new biometric programme called “wave to pay” uses gestures for identification, however, analysts raised concerns on potential security risk. With an attempt to break-in the biometrics industry, Mastercard Inc., a multinational financial services corporation and a global pioneer in payment innovation and technology, has recently piloted its new biometric initiative called ‘wave to pay’ […]

Cryptocurrency has survived for the longest time without being controlled by the authorities, but now there are proposed laws and regulations about it. Hence, the meaning of this for the crypto industry is currently unclear. Back when crypto was just starting, it was considered the “wild west” of the financial industry – some kind of […]

Several enthusiasts of virtual financial markets expressed their disapproval of the move of Celsius, but some agreed to say that it could be for the protection of their users; ETH plunged to 17%. Crypto Prices : Bitcoin (BTC): USD 22, 209 (-16.6%) Ether (ETH): USD 1, 193 (-17%)   Coin Returns DACS Sector ETH −16.4% Smart Contract […]

Fintech unicorn was once an unfamiliar term in the industry with rare sightings around the world. Ten years had passed, this once-atypical concept had developed immensely, becoming more common with almost 200 fintech unicorns across the globe. These new cohorts of unicorns are changing fintech as we know it, competing with traditional banks, equipped with […]

The United Kingdom government is set to release new restriction frameworks for cryptocurrency and related businesses. The rest of the industry hopes that this will provide more clarity to fill in the current gaps and loopholes. Early this April 2022, Her Majesty’s (HM) Treasury of the United Kingdom publicized that the government’s economic and finance […]

All financial transactions are regulated by a multitude of laws, legal acts, and rules that all legitimate companies must comply with. All financial systems use certain principles to verify their users and customers, allowing them to fight money laundering and illegal money circulation more effectively. Understanding the modern principles of how financial institutions work is […]

In nearly two decades, the U.S. dollar and Euro are close to parity for the first time. Here’s what to know and how it would impact the economy. Due to the recent economic tremors in Europe, the Euro has recently continued with its five-year decline, raising the possibility of parity with the U.S. dollar for […]

Until recently, a substantial gap existed globally in the scope of financial regulations, specifically concerning numerous crypto-related activities that were not covered by the legacy regulations Efforts have been made by Europe and other countries worldwide to address and fill these gaps. Hence the Markets in Crypto-Assets (MiCA) Regulation, initiated by the European Commission (EC), […]

Top 5 Split Management Applications Whenever a group of friends in a restaurant, on a weekend getaway, or when neighbors in a shared house pay something, dividing bills and computing how much each one owes another can be a dreary and laborious process when a large group of people is involved. How do you divide […]

There are a hundred news today in the Financial Technology world. There are booming startup companies, merger of two established financial firms, cryptocurrency issues, fiat concerns, new banking schemes and payment solutions. We have listed below the current news today that will surely catch your attention and may be make up your mind for a […]

These days, financial institutions are not immune to problems, including bankruptcy and liquidation. For example, the Czech National Bank has recently published information on its website www.cnb.cz that Safe Payments Solutions s.r.o., acting under the Koalapays brand, https://www.koalapays.com (hereinafter “Koalapays”) lost its licence as a small electronic money issuer on 26.05.2022. Pursuant to the peremptory […]

Cryptocurrency in UAE About twenty years ago, United Arab Emirates (UAE) was considered one of the nations to incorporate technology into its economy. They are one of the leading countries in the Middle East to apply digital transformation in the financial and real estate sectors. As such, blockchain technology is not a stranger to UAE. […]

Developers from the European Central Bank are set to take a centralized solution in building its digital euro, facing issues on privacy matters. Multiple central banks around the globe have previously started their preparations to build CBDCs (Central Bank Digital Currency), also called digital money. In basic terms, these are digital versions of our regular […]

U.S. President Joe Biden has recently released an executive order pushing forward studies and development for digital assets. Since its release, this had garnered attention and different opinions from the public. Most experts have greeted this as a possibility for better regulations and development of the digital asset industry. But what does this exactly mean […]

The cryptocurrency industry in Estonia through the years Estonia is one of the first countries to venture into cryptocurrency. They are the first member of the European Union to provide standard regulations and exercise control over cryptocurrencies. Hence, Estonia was known to be one of the top crypto-friendly countries in Europe. Three years ago, in […]

History of Decentralized Finance Decentralized Finance, or DeFi, originated with the hopes of having a financial system that would allow its end users to trade currencies without the need to undergo any government control. In 2009, bitcoin (BTC) was introduced as the first DeFi asset in the cryptocurrency industry. It was a big hit, especially […]

The Czech National Bank has long been known for its devotion to transparency. Just recently, it won the prestigious Central Banking Transparency Award 2022 for its top tier initiatives in terms of programs and initiatives for disclosure. Just in 2021, the Czech National Bank has taken the bar to a new level, by introducing its […]

Fintech and crypto experts show support for a U.S. central bank digital currency, but the Fed’s has not taken an explicit stand yet, but instead provided a detailed illustration of  how establishing one in the U.S. could impact American banking. Central Bank Digital Currencies or CBDCs are electronic or digital tokens like cryptocurrencies, being regulated […]

Crypto stands still and it is here to stay. However, we have a problem. Compliance is not only the tip of the iceberg, but rather a whole new one we are yet to break-off. Throughout the years, the crypto market and how we view it had immensely evolved. Now, it is no longer perceived as […]

Central banks have been the heart of financial systems since the very beginning. They use a variety of strategies to achieve their countries’ mandates, which we call monetary policies. These banks control the money supply and interest rates, and their actions greatly impact imports, exports, and local and foreign investments. However, take note that central […]

What is Bitcoin Mining? In cryptocurrency, there is a variety of coins to be traded. One of those is bitcoin (BTC). Bitcoin enthusiasts often acquire them through mining. It is the process of producing new bitcoin by solving mathematical puzzles. More specifically, computers are equipped with specialized microchips where the puzzles are loaded. Miners are […]

JPMorgan launches its own virtual world in the metaverse, predicting huge market opportunity in virtual gaming and virtual real estate properties. Marking as the pioneering bank to set foot in the metaverse, JP Morgan had officially opened its own “lounge” in Decentraland, currently one of the most popular blockchain-based virtual reality gaming platforms. This makes […]

In any business, the basic rule is simple – how you provide your service dictates how satisfied the customers would be. Is the transaction fast? Are the requirements easy to acquire? Or the is process too complex? In the current financial market, many companies have already transitioned their processes to a more modernized and digitized […]

What is bitcoin? Created in 2009, Bitcoin (BTC) is a digital currency operating through peer-to-peer technology. Unlike the traditional currencies we know, it does not rely on bank or government operations, but instead, on cryptography. To those who are interested in the convenience of transacting through the internet, BTC is a big help since it […]

Have you ever thought about why Decentralized Finance (DeFi) emerged quickly in the financial technology world? Well, let us explain to you what the hype is all about. First off, let’s get to know Decentralized Finance or DeFi per se. DeFi is a system that provides financial services without the need for intermediaries. For better […]

Diving in with the NFT craze this year? Here’s the top 5 NFT projects that are best for your investments. Have you ever heard of NFTs? Who am I kidding, of course you have. Over the years, cryptocurrency has immensely changed our view of finance and investments. Its unprecedented rise in the market shocked economies, […]

Have you ever thought of how blockchains can directly connect with each other? Like, how can they operate to vitally enable crypto owners to exchange their data and multiple cryptocurrencies without compromising the time and cost for the said trade? The answer? Bridge protocols. These bridges work by taking a fund in crypto using one […]

The United States of America is the most attractive country for doing business. America cannot be called offshore, but the taxation system here is quite adaptable and developed, one of the most progressive in the world. Consequently, if you are planning to set up a business in America, you need to understand the taxation mechanism […]

All matters concerning TM registration in Italy are handled by the TM and Patent Office. The main legal source of TM regulation in Italia comes from the Industrial Property Code but also does not exclude international agreements and conventions. According to the Industrial Property and Civil Codes, unregistered TMs can be protected too. Protection is […]

Acquiring a business is always a complex and multiple-step process. Buyers need to evaluate all risks connected to the deal as precisely as possible to ensure the profitable results. Among many other aspects to analyze, tax due diligence is often disregarded when evaluating a target company. Especially in the case of share purchases overlooking tax […]

Financial planners sometimes have a dilemma: should we add a securities license to the portfolio of our current services? The truth is, this service is quite requested by clients nowadays and can be very lucrative. By adopting this qualification, companies can be a one-stop-shop of financial services. However, it is important to prepare for the […]

Capital is a crucial part of economic growth. However, some countries cannot meet their capital requirement. This is when foreign investments come and help. The most common ways of investing in other countries are foreign direct investment (FDI) and foreign portfolio investment (FPI). With FDI, investors put their money directly in the productive assets of […]

South Korea does not consider cryptocurrencies legal. While exchanges are deemed legal, they still need to obey a set of strict regulations. Since transactions in crypto cannot be viewed either as cash or financial assets, they are not taxed which makes crypto taxing a grey area in South Korea. Nevertheless, the local government has stated […]

Nowadays, prepaid cards allow people to have direct and fast access to their money, yet they do not have to be carrying any cash around. There are a few options for companies to choose from when they plan to issue prepaid cards to employees, customers, or others. One of the options is white labeling. The […]

Generally, codes, source code, programs, and all related software are protected by copyright law. Not only the database structure but also its content must be thoroughly protected. The reason for this is the expenses spent on the financial, material, organizational, and other aspects. However, costs like these are assumed once the number of materials reaches […]

It is such an easy concept if you think about it. But let’s put in words its real definition and discuss different types of companies. A company is a legal entity that is created to operate a business. The creator can be either a group or a sole individual who would like to conduct commercial […]

The procedures Know Your Customer and Customer Due Diligence can seem similar at a first glance. Nevertheless, we can spot differences between them. KYC aims at creating a risk profile of a customer: before starting any kind of business relationship, it is useful to retrieve the customer’s information. Alternatively, CDD is a way of confirming […]

When a group of companies and customers concentrate around one certain niche and become all interconnected, they basically create a vertical market. Vertical markets have specialized needs: companies customize their goods and services according to those needs and normally do not serve broader markets. An opposite of a vertical market is a horizontal market where […]

The year 2021 is marked to host another M&A forum in Japan. A series of interactive panel discussions is planned for September, but we can discuss Japanese M&A already now. Let’s take a closer look at the procedure of mergers and acquisitions and how they are done in Japan. Typically, the process contains the following […]

In order to match the level of returns one expects from their portfolio, it is necessary to rebalance the portfolio on the regular basis. Basically, rebalancing means buying some stocks and selling some bonds or vice versa – a similar maintenance procedure like visiting a dentist regularly. This procedure also helps match the asset portfolio […]

Large corporations and even small businesses often have problems with protecting their intellectual property. We will mainly focus today on protecting IP in the United States. Protecting intellectual property is not only ethics but even modern-day politics. The reason for this is that materialized ideas are valued extremely highly. The United States, being a very […]

The process of transforming funds achieved in criminal activity into legal properties is defined as money laundering. Its goal is to disguise the illegally earned money as funds from a non-criminal activity. For proving that a certain case can be deemed money laundering, it must meet the following three elements. The awareness about a fraud […]

Since Bulgaria is a member of the European Union, it is rightly considered to be a favorable location for developing business. The same reason applies to the active growth of financial technologies and crypto asset operations in this country. Are you also planning to start a crypto company there? Then you have stumbled upon the […]

The selling company that extends credit to buyers needs to consider allowance for credit losses. It is an estimate of debt that probably will not be recovered by the company. Typically, companies do not conduct cash transactions with each other but rather use payment on credit. Selling goods or services on credit can be viewed […]

The abbreviation of SEPA means the single euro payment area. It was created by the EU in order to harmonize the transfer process of cashless payments among euro countries. The SEPA architecture was designed as a convenient tool for European consumers, businesses, and government agents while making direct debit or credit payments. Besides, this system […]

Hungary has a significantly leading position in international trade, lending services, property registration, and enforcing contractual conditions as it was stated in the World Bank ratings. This country has many advantages as a business destination thanks to having a stable political situation, developed infrastructure, skilled labor force, and high living standards. Moreover, Hungary is considered […]

Particularly since 2018 cryptocurrencies have been experiencing unseen growth. Yet there are not the only attractive products present on the market today. Among others, there are NPLs which represent a series of “financial instruments”. Many economists and investors are greatly interested in them. However, we will focus on another subject: the use of state-created virtual […]

The modern community of financial advisory is well aware of how important the services such as retirement and investment planning as well as general financial counseling are. Nevertheless, the general public can underestimate the value of these services which is intensely influenced by the smartphone accessibility to financial services, robo-advisory, and low-cost brokerage services. Yet […]