The Digital Yuan, also called e-CNY, became the first CBDC to be issued by a major economy after China launched its trial program in 2021. China has recently announced an expansion of the pilot program into major cities such as Beijing, Tianjin, and Guangzhou. Meanwhile, the West is still playing catch-up. Continue reading China Expands CBDC Pilot as Others Play Catch-Up
The concept of P2P FX has been floating around for years, with new entrants popping up to disrupt the industry, but none have taken off so far. Why is this the case? Continue reading Why Hasn’t P2P FX Taken Off?
Remember when Goldman Sachs chief David Solomon called remote work an “aberration”? In a recent survey published by The Partnership for New York City, major employers indicated their needs for office space would decline drastically over the next five years. 13% of total employers surveyed expect a reduction in jobs located in New York City, with most of the losses coming from the financial sector. Continue reading The Remote Work “Aberration” set to hit Wall Street Workforce
While the rise of fintech and digital banking has been a significant source of disruption for legacy FI’s, many of these firms have turned these challenges into opportunities by embracing BaaS. Continue reading BaaS Effect
Standard Chartered is teaming up with Singapore’s National Trades Union Congress (NTUC) to launch a digital-only bank. Continue reading Standard Chartered to Launch Digital-Only Bank in Singapore