Latest News
Unveiling Key Insights from Day Two of The London Blockchain Conference
As the inaugural London conference continues into day two, attendees heard from industry experts on Reducing Risk & Improving Trust with Blockchain.
LONDON, May 22, 2024 /PRNewswire/ — The London Blockchain Conference continued to captivate attendees with yet another day filled with informative and thought-provoking speakers. The discussions revolved around crucial topics such as regulatory frameworks for Digital Currencies, enabling the growth of blockchain and Blockchain Venture Capital.
Today we heard from Steven Bartlett, Entrepreneur, Investor and Author of “The Diary of a CEO”, who kickstarted Day 2 with a fireside chat with Mark Lobel from the BBC. He delved into how B2B enterprises can adapt, thrive, and stay ahead in an ever-changing marketplace. The session highlighted the dynamic landscape of B2B interactions in the digital era, exploring innovative strategies, emerging trends, and invaluable insights to empower businesses for success.
Other sessions included:
- Universal Plastic and Next-Gen Verification: Blockchain, AI, and Social Engagement – Alvaro Bravo, CEO of Universal Plastics, discussed how technologies like Blockchain and AI revolutionise verification processes, making them user-friendly and accessible to all and how the Universal Plastic initiative is a prime example of how these technologies can draw corporate interest and promote environmental responsibility.
- The Role of Governments in Fostering Innovation – A distinguished panel including Dean Armstrong KC from Maitland Chambers, Alun Cairns MP of UK Parliament, Tom Spiller, Legal Director (Rosenblatt), Stefan Kromolicki from APCO, Mayor Hillary Schieve from City of Reno, and Elizaveta Palaznik, Independent Consultant, discussed whether effective policymaking and government intervention can catalyse growth and societal progress or if the market should determine its destiny.
- Currency of Tomorrow: Navigating the Future of Money – This session featured insights from Amarachi Amaechi, Co-founder at Bitpowr Technologies Inc, Kaj Burchardi, Head of Emerging Technology at Boston Consulting Group, Vincent Mele, Founder at Otranto, Blake O’Donnell, Partner at Punter Southall Law, and Simit Naik, Director, Commercial & Strategy at nChain. They dissected emerging trends, technological innovations, and regulatory dynamics shaping the next era of monetary systems.
- Navigating the Academic Landscape of Blockchain Research: Opportunities, Challenges, and Collaborative Initiatives – Alessio Pagani, Research Director at nChain, dived into the latest blockchain research within academia, examining the opportunities, challenges, and real-world impacts stemming from blockchain innovation in higher education.
- Monetizing Strategies for Content in Web3 – This session featured Utkarsh Amitabh, CMO, at 5ire, Anuradha Chowdhary, Founder of ZeroTo3 Collective, Tony Mugavero, CEO of Rad, and Sunny Jiang, Founder of MaasDAO, who presented innovative strategies for content creators to thrive in the decentralized, blockchain-powered ecosystem of Web3. They discussed how Web3 technologies can revolutionize content creation economics, enabling them to establish new revenue streams and engage with their audiences in novel ways.
- Breaking Barriers: Paving the Way for the UK to Emerge as a Global Digital Asset and Emerging Tech Hub – Professor Naseem Naqvi MBE, President of British Blockchain Association, Sean Kiernan, Founder of Greengage, and Marcus Foster, Head of Policy Campaigns at Startup Coalition, dissected the puzzle pieces required for the UK to lead the global tech race.
- Mining and Transaction Processing: How Mining Will Evolve Post-Halving – Jim Niemeijer Partner at Pantheon, Kurt Wuckert Jr, Chief Bitcoin Historian and Co-Founder of GorillaPool, and Jacopo Gil Casas, VP Business Development & Strategy, CS Global Energy explored the upcoming Bitcoin halvening event’s impact on miner profitability. They discussed Bitcoin mining economics, the difference between mining subsidies and transaction fees, and why mining operations need to turn into transaction processors to compete in the future.
- Block Dojo Global Venture Builder – the audience heard from two lively speakers who demonstrated Blockchain use cases driving value today. The first was Michael Olagunju, CEO of ExamSolutions – the multi-modal AI learning platform. Michael discussed ExamSolution’s unique B2C and enterprise offering for STEM-based learning, via an AI model which captures a student’s responses as they’re written, and offers feedback in real-time. Today, the company is amongst the world’s largest online exam preparation providers, with over 4,000 video tutorials and live streaming support. Next up was Robin Russel, co-founder of Satva Trust – the ClimateDataTech company leveraging blockchain technologies to drive decarbonisation. Satva provides independent data on ship emissions and fuel consumptions, enabling global benchmarking across the world’s fleet in real-time.
- Best Practices For Enterprise Blockchain Adoption: Tibor Mérey – MD and Partner at Boston Consulting Group – discussed why he remains bullish on Web and Blockchain. Tibor shared lessons from 150+ blockchain and web3 projects BCG has done in the enterprise space. He outlined the four burning questions any blockchain or web3 project needs to answer: i) Does it matter? ii) Will it work? iii) Can we win? iv) Will it grow?
Please register here if you would like to attend or listen to any of the sessions today.
About the London Blockchain Conference
NETWORK. LEARN. ENGAGE.
At the London Blockchain Conference, we show how Blockchain will change the world and help people see another way to manage data, build scalable on-chain solutions and achieve great things. We do this by creating valuable, insightful, and engaging events that educate and inform, allowing you to connect and network to build strong business relationships. Our conference is the best avenue to see blockchain innovations, ecosystem announcements, product launches, technology updates, keynote speeches, panels, and fireside chats from blockchain leaders. Join us and experience it for yourself.
View original content:https://www.prnewswire.co.uk/news-releases/unveiling-key-insights-from-day-two-of-the-london-blockchain-conference-302153318.html
Latest News
Reserve Bank of Australia set to conduct “holistic review” of retail payments regulation
The Reserve Bank of Australia (RBA) is set to review the nation’s retail payments regulation, aiming to encourage the payments industry to address efficiency, competition, and safety issues independently.
Ellis Connolly, head of payments policy at the RBA, announced this review during his speech at the Merchant Risk Council Conference in Melbourne this week.
The review will commence after the Australian government completes its evaluation of the current Payment Systems Regulation Act 1998 (PSRA), which defines the RBA’s regulatory powers.
The initial phase will update the definitions of a payment system and participant to ensure newer players can be regulated if needed. It will also assess prominent systems and participants in online retail payments, such as payment gateways, facilitators, digital wallet providers, and buy now, pay later (BNPL) services.
Following this, the RBA will conduct a comprehensive review of retail payments regulation, focusing on the transparency and cost of payment services for consumers and merchants, surcharging frameworks, mobile wallets, and cross-border payments, Connolly confirmed.
The central bank plans to address policy issues related to card payments, including the cost of card payments for end users, least-cost routing for online debit card transactions, competitive payment services among e-commerce platforms, and the introduction of tokenization standards for online card payments.
Regarding BNPL services, Connolly disclosed the RBA’s intention to revisit no-surcharge rules, potentially allowing retailers to pass operational costs on to BNPL consumers.
“In 2021, the RBA concluded that merchants should be allowed to surcharge BNPL services,” Connolly stated. “The RBA’s view was that the benefits of no-surcharge rules for supporting new market entrants were outweighed by the costs in terms of efficiency and competition in the payments system. However, it was unclear if the RBA had the authority to require the removal of these rules. After the PSRA reforms, the RBA plans to reexamine this issue as part of a broader review to determine if the surcharging framework remains fit for purpose.”
Source: fintechfutures.com
The post Reserve Bank of Australia set to conduct “holistic review” of retail payments regulation appeared first on HIPTHER Alerts.
The Reserve Bank of India (RBI) has finalized the framework for recognizing self-regulatory organizations (SROs) in the fintech sector.
On January 15, the RBI released a draft framework for public comment, which has now been reviewed and finalized as the “Framework for Recognizing Self-Regulatory Organizations for the FinTech Sector.”
This initiative aims to encourage fintech companies to establish and adhere to their own industry standards and best practices through SROs. To be recognized as an SRO, entities must be set up as not-for-profit companies, meet specific net worth and infrastructure requirements, and maintain a non-discriminatory membership fee structure. Additionally, SROs are responsible for monitoring and enforcing compliance among members, establishing standards, and implementing grievance redressal mechanisms.
SROs will serve as a bridge between the industry and the RBI, providing sectoral insights, updating the RBI on developments, and helping to create a regulatory environment that fosters innovation while ensuring consumer protection. Interested entities can apply for recognition through the RBI’s official website.
Source: law.asia
The post RBI finalises fintech self-regulation framework appeared first on HIPTHER Alerts.
Treasury Prime, a leading embedded banking software company, has announced a strategic partnership with FS Vector, a regulatory advisory firm.
This collaboration will integrate FS Vector’s regulatory compliance training platform, Headmaster
, into the Treasury Prime Partner Marketplace.
The partnership aims to bolster the compliance capabilities of fintechs and banks within Treasury Prime’s network. By focusing on compliance, this collaboration will provide valuable training resources and ensure reliable consulting support as needed.
Treasury Prime connects banks and enterprise partners seamlessly, offering embedded banking software and a robust partner marketplace. FS Vector specializes in building, launching, and scaling Banking-as-a-Service (BaaS) platforms, providing compliance support and regulatory training.
Through this partnership, Treasury Prime will offer FS Vector’s Headmaster platform, which delivers comprehensive regulatory education and tracking for fintech companies. The platform ensures that fintechs are well-prepared for compliance obligations, fostering successful BaaS relationships.
Kyle Costello, Treasury Prime’s head of partnerships, stated, “FS Vector’s team has worked with fintechs and banks in Treasury Prime’s network over the past few years and has played a vital role in ensuring they are ready for their BaaS journey. With sponsor banks more focused on compliance than ever, we’re thrilled to officially partner with FS Vector to bring valuable compliance training resources to our network and peace of mind for our customers that a reliable consulting firm is ready to step in when needed.”
FS Vector Principal Justin Muscolino emphasized the importance of compliance in BaaS relationships. “Successful BaaS relationships hinge on a shared understanding of and respect for the compliance obligations that a bank and their fintech program are subject to. Our Headmaster platform provides fintechs with the education that sets these relationships up for success in a cost-effective way. We believe that compliance and risk management training should be something that employees enjoy taking, and with the Headmaster, fintechs have a user-friendly platform that makes training relevant, accurate, and role-specific.”
Source: fintech.global
The post Treasury Prime and FS Vector team up to enhance BaaS compliance appeared first on HIPTHER Alerts.
-
Latest News6 days ago
TradeFlow Capital Management advances collaborations with Obligate through further USDC-denominated eNote™ issuances
-
Latest News6 days ago
TradeFlow Capital Management advances collaborations with Obligate through further USDC-denominated eNote™ issuances
-
Latest News6 days ago
Fisher Investments Selects Advent International and ADIA as Strategic Partners in Minority Common Stock Investment
-
Latest News6 days ago
Buzz Dealer Set to Make a Splash at iFX Expo International 2024 In Limassol
-
Latest News6 days ago
TradeFlow Capital Management advances collaborations with Obligate through further USDC-denominated eNote™ issuances
-
Latest News5 days ago
Millionaires on the Move: Where are the World’s Wealthy Migrating to and from in 2024?
-
Latest News6 days ago
Personetics Recognized by Celent as a Global Leader in Personal Financial Engagement (PFE) for Retail Banking
-
Latest News6 days ago
PSP Investments delivers solid financial returns in a complex investment environment