The regulation of Buy Now, Pay Later (BNPL) products under the Business Laws (Amendment) Act, 2024, passed by Kenya’s National Assembly, marks a significant step forward in ensuring consumer protection and fostering sustainable growth in the BNPL sector. This legislative move recognizes the need to safeguard consumers while supporting the expansion and sustainability of BNPL services in the country. BNPL
Artificial intelligence (AI) has rapidly become a transformative force across various industries, and its integration in the finance sector presents unique challenges and opportunities. CFOs are now at the forefront of this technological evolution, tasked with harnessing AI to improve decision-making processes, ensure compliance, and drive overall efficiency. The focus remains on tapping into AI’s potential while maintaining a human-centric
Coinbase has made significant strides in strengthening its political and regulatory strategy by appointing an impressive lineup of advisors. The list includes notable figures such as former US Senator Kyrsten Sinema, Chris LaCivita, ex-Federal Reserve Bank of New York President Bill Dudley, and former Inter-American Development Bank President Luis Alberto Moreno. These prominent individuals bring a wealth of experience and
Increasing concerns have surfaced in the UK regarding whether Microsoft’s and Amazon’s cloud computing practices are undermining competition and harming businesses. The UK Competition and Markets Authority (CMA) has expressed its intent to investigate the immense control these two tech giants wield in the multimillion-pound cloud services sector. This initiative forms part of the new digital markets legislation focused on
The introduction of the digital euro, expected around 2028, is set to revolutionize the banking sector. As banks prepare for this significant shift, proactive planning and strategic foresight are essential. This article explores how banks can navigate the impending digital transformation, focusing on four key hypotheses that will guide their preparatory efforts. The Need for a Holistic Payments Strategy Evolving
The landscape of global payments for remote workers is undergoing a significant transformation thanks to a burgeoning partnership between a fintech startup from Y Combinator’s Winter 2022 batch, Grey, and Clear Junction Limited, a prominent global payment solutions provider. This collaboration is set to offer faster, more efficient, and cost-effective payment solutions worldwide, aiming specifically to cater to digital nomads
The Chinese AI app DeepSeek has come under intense scrutiny from both US and European regulators. Concerns are mounting over national security, data privacy, and potential intellectual property theft. The US National Security Council (NSC) and Italy’s data protection authority, the Garante, are leading investigations into the app’s activities. This scrutiny reflects broader fears about the implications of Chinese advancements
South Korea is rapidly becoming a significant player in the global cryptocurrency market. With over 30% of its population actively investing in digital assets, the country is embracing the potential of cryptocurrencies and decentralized finance (DeFi). The surge can be attributed to several factors, including user-friendly platforms, proactive regulation, and global market influences. At the forefront of this trend is
As the world of cryptocurrency continues to evolve, investors and enthusiasts alike are eagerly anticipating the next major bull market, projected for 2025. This future surge is expected to bring forth significant opportunities for selected digital assets to shine. In this context, understanding which cryptocurrencies possess the necessary fundamentals and growth potential to lead the pack is crucial. This article
The U.S. Property & Casualty (P&C) insurance market stands as a vital component of the financial services industry, providing essential coverage for property damage and liability. As we turn our focus towards 2025, the market is influenced by a variety of factors, including economic conditions, technological advancements, and regulatory changes. This examination sheds light on the key players, emerging trends,
Imagine a world where medical records are universally accessible, healthcare costs are significantly reduced, and patient data is immune to the threat of tampering. Blockchain technology promises to revolutionize the healthcare landscape by offering innovative solutions that enhance patient care, streamline processes, and reduce costs. The advent of blockchain in smart healthcare systems is gradually transforming the way healthcare providers
As AI technologies continue to reshape the finance sector, Chief Financial Officers (CFOs) face a landscape filled with both opportunities and challenges. The integration of AI, including traditional AI and generative AI (GenAI), promises significant productivity gains but also brings ethical, regulatory, and workforce complexities. This guide explores how CFOs can navigate these changes effectively. The Transformative Power of AI
