GK Singh’s Post

A wave of technological advancements is propelling the growth of GCC fintech. From emerging trends like blockchain and AI to the expansion of digital payments and financial services, technology is playing a pivotal role in shaping the region’s financial sector. To a degree, the GCC fintech environment mirrors global progress in financial technology – but in many cases GCC fintech’s cutting edge reflects local needs. This article explores the key trends and technologies that are driving innovation and growth in GCC fintech. Read more: https://lnkd.in/eA_DY8es Authored by: Hasan Kazmi, head of strategic partnerships, Visa Central and Eastern Europe, Middle East and Africa. #GCC #Technology #Fintech #technologynews #finance

💬Türkiye is definitely among the global leaders in fintech adoption. Last year, at Istanbul Fintech Week, I was amazed at how much cutting-edge fintech is in production at Turkish banks and financial institutions. For example, Turkish banks already offer blockchain payments, while most global banks still consider that a taboo. I am honored to host this year’s installment of Istanbul Fintech Week and look forward to experiencing the creative energy of the global attendees the event attracts. ➡️ Evgeni Mitkov, Managing Director @ Seven Seas Trading #IstanbulFintechWeek #IFW24 #Istanbul #Fintech #Finance #DigitalFinance

The banking revolution in Africa is here! How are innovations reshaping the industry? From mobile banking to blockchain technology, the financial landscape in Africa is undergoing a massive transformation. These innovations are not only enhancing accessibility and convenience but are also driving financial inclusion and economic growth across the continent. Join industry leaders and experts at ADFS 2024 as they delve into the latest trends and advancements that are revolutionizing banking in Africa. Register now at http://adfs.africa #BankingRevolution #FutureOfFinanceInAfrica #DigitalBanking #DeFi #ADFS2024 #AfricaDigitalFinanceSummit

Switzerland’s Crypto Playground: Navigating the Regulatory Maze 🌍 Switzerland: The Global Crypto Hub Robust Regulatory Framework: -Switzerland is at the forefront of the crypto revolution, offering a stable financial environment. -FINMA's technology-neutral approach ensures that crypto assets adhere to existing financial market laws. -Comprehensive Licensing Requirements: -Crypto businesses must navigate various licences, including Banking, FinTech, and DLT Trading Facility licences. -The regulatory environment, while stringent, offers high legal certainty. Crypto Valley & Tax Benefits: -The Canton of Zug, known as "Crypto Valley," provides favourable tax conditions, making it an attractive location for crypto businesses. Comparison with UAE: -While Switzerland offers stability and reputation, the UAE provides flexibility and faster licensing processes, offering a different path for crypto enterprises. 🔗 Navigating Switzerland’s crypto regulatory maze requires careful planning, but the benefits of operating in one of the world’s most reputable financial hubs are unparalleled. CoinDCX CoinSwitch Coinbase Binance CoinGape News #Crypto #Blockchain #FinTech #Switzerland #CryptoValley #Regulation #CryptoBusiness #Excluziv Read more at https://lnkd.in/dTrE-5gc

We just wrapped up an incredible experience at The Payments Canada SUMMIT 2024. Here are some key takeaways from the event: 🔄 ISO 20022 Migration: It's an evolution, not a revolution. This shift is set to streamline and enhance global payment systems. 🌍 Focus on CBPR+: Our main focus should be on the ability to send #CBPR+. Ensuring seamless cross-border transactions is more important than ever. 💡 Innovative Payment Technologies: Advancements in blockchain, digital currencies, and real-time payment systems have the potential to revolutionize the financial landscape in Canada. 🤝 SWIFT Working Group: SWIFT has formed a special working group of banks and corporates to test Straight Through Processing (STP) and leverage the additional data capabilities of ISO 20022. We’re feeling energized and ready to leverage these insights to drive our initiatives forward. A big thanks to George Wishart, #Fides Sales Director, Americas, for representing us at this event. Let's continue to innovate and lead in the payments space! #CanadaPaymentsSummit2024 #ISO20022 #PaymentsInnovation

#IndustryTrends2024WithSC 🌍 What's Inside: The Future of Finance & FinTech in MENA The MENA region is on the brink of a financial revolution. Traditional banking is evolving, and digital-only banks are on the rise. Key trends include: 🔹 Mobile Banking Surge: Over 85% of MENA consumers now prefer digital banking. 🔹 Regulatory Developments: UAE leads with comprehensive crypto regulations. 🔹 Blockchain in Action: From trade finance to healthcare, blockchain is transforming sectors. 🔹 Islamic FinTech Growth: Digital Islamic banking and AI-powered Sharia advisory are setting new benchmarks. Ready to dive deeper? Swipe through for an in-depth look in the Finance & FinTech sector.. You can also connect with StartegyConnect to explore tailored insights for your business needs. 🚀 #FinTech #DigitalBanking #Blockchain #FinanceTrends #MENAregion #FinancialSector

Unlock the potential of the GCC's Fintech Market The GCC region is transforming into a global hub for financial innovation, with the fintech market projected to grow at a CAGR of 22% through 2030. From digital payments and blockchain to AI-driven solutions, this dynamic ecosystem is set to redefine financial services. Our latest GCC Fintech Market Report dives into: 📈 Emerging trends like Buy Now, Pay Later (BNPL) and open banking. 🏦 How traditional banks and fintech startups are driving collaboration. 🌍 Country spotlights, including Saudi Arabia, UAE, Qatar + more. Don’t miss out on exclusive insights that can help you stay ahead in this rapidly evolving sector. Download your FREE copy today and explore the opportunities shaping the future of fintech in the GCC: https://lnkd.in/g8W8qGfx #Fintech #GCC #DigitalPayments #Innovation #MarketReport

Exploring DLT and Digital Innovation in Supply Chains ➡️ Read All : https://lnkd.in/eva9zhC9 The Border Transformation and Digitization (BTD) program, also powered by IOTA’s DLT, enables real-time data exchange across supply chain stages. It helps UK border agencies... [...] #IOTATechnology #DigitalSupplyChain #BorderSecurity #DLT #TradeInnovation #Crypto #Altcoins #NBTC

EU Unified Ledger for tokenization proposed by Banque de France . the Banque de France is one of the seven central banks involved in the BIS Project Agorá, the proposed unified ledger for cross border payments. Unified Ledger as “a new public-private infrastructure built around a distributed ledger that would include a wholesale central bank digital currency (CBDC), tokenised commercial bank money and tokenised financial instruments, and potentially the digital euro later on. This shared infrastructure would streamline transactions, reduce risks and costs, and thus foster CMU, while preserving the two-tier financial system. Bank for International Settlements – BIS Atlantic Association of CBDCs CBDC Conference FSV Capital FSV Labs Prasanna Lohar Xaults Centre for Digital Public Infrastructure - CDPI Pramod Varma #tokenization #dlt #digitalassets #blockchain #fintech Source: https://lnkd.in/dFsjeTfU

#Blockchain | #CBDC | #Payments | #FinTech : Executive Board member Piero Cipollone's presentation on "The case for a digital euro in the European payment landscape". Key Takeaways : European payments landscape is fragmented and lacks a digital form of cash covering all the euro area.  • 13 out of 20 euro area countries have no national card scheme • European merchants are highly dependent on non-European digital payment providers, which settle 64% of all digital transactions in the euro area Digitalisation and fragmentation may jeopardise the euro area’s strategic autonomy 1. The European payments landscape is changing fast, and Europeans need to adjust. 2. A digital euro would offer new possibilities, and ECB is working with all stakeholders to reap the benefits. 3. Implementing a digital euro across the euro area would take several years but market participants need clarity. EmpowerEdge Ventures