Financial Services Industry News
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Equalisation levy: ESS EQL may require financial services players to relook at their commercial arrangements
With models of e-businesses evolving at a rapid pace, the taxation around the same has become a huge debate between countries. The G20 recognised this as a major issue requiring guidance around how countries should tax such e-businesses. The OECD…
Motilal Oswal Financial Services launch new campaign- 'PHYGITAL'
Recent WFH has emphasised the need to transact digitally. However recent stock market volatility has also emphasised the need for advice while investing. This is especially true for the millions of new investors who have entered the markets and are…
Digital Financial Services partners with MoneyGram to offer eWallet services in the UAE
Digital Financial Services LLC has partnered with MoneyGram to offer international remittance services in the UAE. Digital Financial Services LLC is a joint venture between Etisalat and Noor Bank and was acquired earlier this year by Dubai Islamic…
Brexit shutout looms for UK funds as market access talks falter
The risk of UK funds being frozen out of the European market at the end of the year has risen after Brexit negotiators missed a key milestone aimed at securing market access for the City of London. The EU and the UK failed to meet their June 30…
Where Insights Meet Privacy: Privacy-Preserving Machine Learning
Artificial intelligence (AI) and machine learning (ML) have the power to deliver business value and impact across a wide range of use cases, which has led to their rapidly increasing deployment across verticals. For example, the financial services…
Banks urge Britain and EU to sort out financial market access
LONDONLONDON (Reuters) - Britain and the European Union need to make progress on EU financial market access given that the coronavirus crisis will make it even harder to cope with potential disruption if there is no agreement, banking lobby AFME…
Oracle sees uptick in adoption of AI-enabled chatbots in India
BENGALURU: Global technology firm Oracle Corp. has seen a rise in the adoption of artificial intelligence (AI)-enabled digital assistants or chatbots in India, as customers look to enrich user experience and improve productivity. Global technology…
Sunak mulls new lifelines for Covid-struck firms
The Treasury is considering ways of making it easier for businesses to access coronavirus support loans - ahead of expected measures from the Chancellor designed to create “jobs, jobs, jobs” in an effort to kick-start the economy.
Digital Assets Deliberations: The Role of ISINs in Relation to Digital Assets
Institutional interest in digital assets has been growing. The Chicago Mercantile Exchange's volume of Bitcoin (BTC) options hit a high of $40 million on May 13, 2020. The world's largest digital currency asset manager, Grayscale, posted…
Abu Dhabi's MidChains closes latest funding from Mubadala and ADIO
Abu Dhabi: The fintech company MidChains announced its latest funding round, with investments from Mubadala Capital, Abu Dhabi Investment Office (ADIO), Miami International Holdings and others. Operating at Abu Dhabi Global Market (ADGM), MidChains…
Rising COVID-19 cases, unfavourable policies drag NSE's index by 1.99%
Analysts blame proposed electricity tariff hike, PMS increment The Nigerian Stock Exchange (NSE) suffered another week of losses, amid rising COVID-19 cases, and the persisting foreign exchange (forex) illiquidity in the market. Consequently, the…
2 FTSE 100 stocks I'd buy before the next stock market crash
This year's stock market crash caught many investors by surprise. The global pandemic also caught many blue-chip companies unawares. However, while some businesses have struggled to cope, others have thrived. It could be sensible to buy some of…
Does the Human Touch + AI = The Future of Work?
There's no doubt, AI certainly has its place. And most business leaders agree that AI is important to the future success of their company. A recent survey found CEOs believe the benefits of AI include creating better efficiencies (62 percent)…
Cash Market | Geojit to continue strong upmove
Last Updated: Jul 06, 2020 07:15 AM IST | Source: Moneycontrol.com Moneycontrol Contributor @moneycontrolcom Personalised News You can Use (App only) Insights, Analyses, and Trends that Make Sense of The News Technical Analysis by Professional…
NSE closes week negative with 1.99% loss
Thirteen equities appreciated in price during the week, lower than 18 equities in the previous week rading activities on the floor of the Nigerian stock market finished last week on the negative route as the NSE All-Share Index and Market…
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