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Arka Fincap: Iceberg Training helps manage operations & emotions

Rashmi Warange, Vice President, Human Capital Management, Arka Fincap, discusses the company’s HR strategies for a happy workforce: The culture of a company is...

Reported by: editor Updated: November 20, 2023

IMF launches comprehensive guide on CBDCs

IMF launches comprehensive guide on CBDCs

Digital Transformation

IMF launches comprehensive guide on CBDCs

In a significant move to shape the future of digital finance, the International Monetary Fund (IMF) has unveiled a detailed Central Bank Digital Currency...

Reported by: editor Updated: November 20, 2023

To mentor & coach emerging leaders

To mentor & coach emerging leaders

Articles

To mentor & coach emerging leaders

Manish Shah, MD & CEO of Godrej Capital, outlines his focus areas today and in the future: Ravi Lalwani: What are the top 3...

Reported by: editor Updated: November 18, 2023

U Gro: Algorithm is the Boss

U Gro: Algorithm is the Boss

Articles

U Gro: Algorithm is the Boss

Irem Sayeed, Chief Credit Officer at U GRO Capital, dwells into business focus and modernization at the lender: Manoj Agrawal: What are the approval...

Reported by: editor Updated: November 17, 2023

Insurance

Golden Peacock for HDFC Life

India’s noted private sector insurance company HDFC Life Insurance has added another feather to its cap – it has bagged the prestigious Golden Peacock...

Reported by: editor Updated: November 17, 2023

Banking

RBI announces tighter regulations on consumer credit and bank credit to NBFCs

In a decisive move to stabilize the financial market, the Reserve Bank of India has introduced new regulatory measures focusing on consumer credit and...

Reported by: editor Updated: November 17, 2023

Dubai FinTech Summit 2024 launches FinTech World Cup at Singapore FinTech Fest

Dubai FinTech Summit 2024 launches FinTech World Cup at Singapore FinTech Fest

Digital Transformation

Dubai FinTech Summit 2024 launches FinTech World Cup at Singapore FinTech Fest

Dubai FinTech Summit, organized by Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA)...

Reported by: editor Updated: November 17, 2023

MAS launches blueprint outlining technology infra to facilitate digital money transactions

MAS launches blueprint outlining technology infra to facilitate digital money transactions

Digital Transformation

MAS launches blueprint outlining technology infra to facilitate digital money transactions

The Monetary Authority of Singapore (MAS) has published the Orchid Blueprint, which sets out the technology infrastructure that would be required to facilitate digital...

Reported by: editor Updated: November 17, 2023

CBDCs: A future beyond cash and enhanced cross-border payments, says IMF Chief In a compelling keynote address at the Singapore Fintech Festival, Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), called for robust public sector engagement in digital finance. Georgieva emphasized the transformative impact of fintech innovation on global finance and advocated for the exploration and adoption of Central Bank Digital Currencies (CBDCs). Addressing an audience of global leaders and fintech enthusiasts, Georgieva lauded Singapore's pioneering role in the fintech landscape and its significant contribution to bridging global financial divides. Georgieva's address centered on four key themes: the advancements in researching and developing CBDCs, the ongoing journey in the fintech sector, the critical role of the public sector in preparing for future deployment of CBDCs and related platforms, and the necessity for these platforms to be designed to facilitate cross-border payments. Highlighting the potential of artificial intelligence in revolutionizing the fintech industry, Georgieva cited the rapid adoption of ChatGPT as indicative of the swift pace of technological advancements. She noted that while the adoption of CBDCs is in its nascent stages, about 60 percent of countries are actively exploring them, underlining their potential for enhancing financial inclusion, resilience, and efficiency. Georgieva announced the launch of a new CBDC Handbook, aimed at equipping policymakers globally with insights and guidelines on CBDCs. She also discussed the criticality of efficient cross-border payments, the innovative efforts of banks and fintech companies in developing new platforms, and the public sector's initiatives, including the Monetary Authority of Singapore's project Guardian. In concluding, Georgieva emphasized the necessity of collaborative efforts among international institutions, central banks, and finance ministries to steer this new era effectively. She quoted Marcel Proust, highlighting the value of fresh perspectives and the collective strength represented at the Singapore Fintech Festival.

CBDCs: A future beyond cash and enhanced cross-border payments, says IMF Chief In a compelling keynote address at the Singapore Fintech Festival, Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), called for robust public sector engagement in digital finance. Georgieva emphasized the transformative impact of fintech innovation on global finance and advocated for the exploration and adoption of Central Bank Digital Currencies (CBDCs). Addressing an audience of global leaders and fintech enthusiasts, Georgieva lauded Singapore's pioneering role in the fintech landscape and its significant contribution to bridging global financial divides. Georgieva's address centered on four key themes: the advancements in researching and developing CBDCs, the ongoing journey in the fintech sector, the critical role of the public sector in preparing for future deployment of CBDCs and related platforms, and the necessity for these platforms to be designed to facilitate cross-border payments. Highlighting the potential of artificial intelligence in revolutionizing the fintech industry, Georgieva cited the rapid adoption of ChatGPT as indicative of the swift pace of technological advancements. She noted that while the adoption of CBDCs is in its nascent stages, about 60 percent of countries are actively exploring them, underlining their potential for enhancing financial inclusion, resilience, and efficiency. Georgieva announced the launch of a new CBDC Handbook, aimed at equipping policymakers globally with insights and guidelines on CBDCs. She also discussed the criticality of efficient cross-border payments, the innovative efforts of banks and fintech companies in developing new platforms, and the public sector's initiatives, including the Monetary Authority of Singapore's project Guardian. In concluding, Georgieva emphasized the necessity of collaborative efforts among international institutions, central banks, and finance ministries to steer this new era effectively. She quoted Marcel Proust, highlighting the value of fresh perspectives and the collective strength represented at the Singapore Fintech Festival.

Digital Transformation

CBDCs: A future beyond cash and enhanced cross-border payments, says IMF Chief

In a compelling keynote address at the Singapore Fintech Festival, Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), called for robust...

Reported by: editor Updated: November 16, 2023

Digital Transformation

MAS-Led Consortium Develops AI-Powered System to Support Sustainable Finance in Real Estate Sector

The Monetary Authority of Singapore (MAS) has announced the development of a Minimum Viable Product (MVP) to assist banks in utilizing Artificial Intelligence (AI)...

Reported by: editor Updated: November 16, 2023

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