Fintech
The Family Office Landscape – A Forever Moving Target at Anthony Ritossa’s 9th Global Family Office Investment Summit Under the High Patronage of HSH Prince Albert II of Monaco
The 9th Global Family Office Summit hosted by Anthony Ritossaconcluded in Monaco this week as a global forum for 400+ leading family offices and ultra-high net worth individuals representing $4 trillion+ in investor wealth. Held June 18-20 and themed “The Rise and Rise of Family Offices,” the Summit surpassed previous events in terms of the quality of family participants and 600 total delegates.
In keeping with the Ritossa tradition, the elite family offices, prominent business owners, Sheikhs, Royal Families, Private Investment Companies, International Business Executives, Sovereign Wealth Funds, and Industry Professionals from throughout Europe, the Middle East and around the globe convened at the Fairmont Monte-Carlo under the High Patronage of His Serene Highness Prince Albert II of Monaco.
A crowd-pleasing talk by Formula 1 World Champion and Monaco resident Nico Rosberg proved to be a highlight and he received a standing ovation for his comments on transitioning from World Formula 1 Champion in 2016 with Mercedes AMG Petronas, Monaco, to head of the Nico Rosberg Family Office dedicated to improving the world through activities such as his Greentech Festival in Berlin. His presentation was part of the session entitled “Iconic Monaco Family Offices At Work” moderated by SVG Hon. Consul Giuseppe Ambrosio, President of the Monaco Single & Multi Family Office Association.
Importantly, The Knights Society of Elviña, formed to exalt the British and Spanish chivalric values that favored the triumph in the Battle of Elviña during the Spanish War of Independence, named Sir Anthony Ritossa as a Knight. He is now one of only 55 members of the limited society that recognizes a select group of political class, nobility, royalty as well as great writers and entrepreneurs under the Royal Patronage of His Highness Mahmoud Salah Al Din Assaf.
SVG Hon. Consul Giuseppe Ambrosio, President of the Monaco Single & Multi Family Office Association and a fellow philanthropist, presented seven prestigious award to honour select recipients for their contributions to our global society and the family office community.
Family Office Lifetime Achievement in Philanthropy 2019 Award – Presented to His Serene Highness Prince Albert II of Monaco to recognize his Prince Albert II of Monaco Foundation which addresses our planet’s alarming environmental situation by supporting initiatives of public and private organizations, in the fields of research and studies, technological innovation and socially aware practices. This prestigious award was presented to Sir Stelios Haji-Ioannou in 2018 and is intended to honour stellar philanthropic accomplishments on a global level.
Family Office Shipping and Yachting 2019 Award – Presented to Manfredi Lefrevre d’Ovidio, Chairman, Heritage Group and Silversea Cruises, Monaco.
Family Office Private Debt 2019 Award – Presented to Evgene Denisenko, Managing Director, Apolis, Monaco.
Family Office Social Responsibility 2019 Award – Presented to Kerry E. Adler. As Founder, President and Chief Executive Officer of SkyPower, the leading global developer, owner and operator of large utility-scale solar projects with an active presence in over 36 countries and multibillion dollar electricity contracts, he is recognized as one of the early pioneers of solar energy and a leading authority on renewable energy around the world. (The 2018 award was presented to Guido Giannotta of Ferrero.) Presented to Ferrero and collected by Guido Giannotta.
Family Office Innovation in Private Equity with Impact 2019 Award – Presented to Mungo Parks, Chairman of Innovator Capital and Co-Founder of CleanEquity, Monaco.
Family Office Enlightened Governance 2019 Award – Presented to Mohamed Al Ali, CEO & Advisor, Sheikh Ahmed Al Maktoum International Investments Enterprise, UAE.
Family Office Asset Manager 2019 Award – presented to Michael S. Young, CEO of Mediatrix Capital, Inc., The Bahamas, as his second consecutive award.
“I am humbled by the tremendous success our Summits continue to enjoy. It is an honour to be able to further cooperation and collaboration between European families and their counterparts in the Middle East, the United States, Asia and Latin America by presenting an opportunity for leading family offices to meet in a private, invitation-only, confidential and closed-door environment,” said Anthony Ritossa, Chairman of Ritossa Family Office, a family business dating back 600 years to the Venetian Empire in Europe.
“This is the third time that Monaco has hosted this important Summit and the 9th time this Summit has been held around the world. Every time, it is larger and larger and the quality of the attendees is better and better. This year we had at least five continents represented and all attendees are all to be commended for their tremendous accomplishments, including shared vision, values and passion for the environment and sustainability. The greatest asset of this event is the quality of family offices attending and Anthony, myself and our Summit Advisory Board are committed to protecting these assets for the future,” said SVG Hon. Consul Giuseppe Ambrosio, President of the Monaco Single & Multi Family Office Association.
“The Summit is a good mix of families, of products and services. This sharing of current activities, and future trends is very important in such gatherings as a vehicle to move forward through the balance of 2019,” said H.R.H. Prince Michel de Yougoslavie, Grandson of King Umberto of Italy & Prince Paul of Yugoslavia, Monaco.
“The 9th Global Family Office Summit event in Monaco was a great achievement for Anthony Ritossa, local & international partners, and everyone who participated. Attendees traveled from all over the world for high level discussions regarding strategic partnerships that are changing the world. Phenomenal days with Multi billions in deals signed during the event. East Meets West is a theme that will continue for future Summits and we look forward to hosting the group in Dubai in November,” said Mohamed Al Ali, CEO & Advisor, Sheikh Ahmed Al Maktoum International Investments Enterprise, UAE.
“The Ritossa Family Office Summit greatly surpassed my expectations. Anthony and his team put together an agenda filled with timely and thought provoking topics combined with outstanding panelists. It was an incredible way to meet and network with so many interesting and successful people from around the world and at the same time to make new friends,” H.S.H. Prince Hermann zu Leiningen, Grandson of King Boris III of Bulgaria and Grandduchess Maria of Russia and Managing Director, Family Office Investments of Royal Bank of Canada.
Among the events and topics that were top of mind included:
Great Wealth is Created and Destroyed by Human Beings – Families must communicate about important topics, including monetary wealth, in order to move forward. Throughout history, families will struggle and have challenges yet they must stay connected, find a safe space and understand their shared vision.
Technology is the Answer – Families are comfortable with and understand technology, its moving parts and its broad spectrum, and are now delving into new areas referred to as Deep Tech. This is the future and is used to combine different technologies to solve some of mankind’s biggest challenges such as longevity and inequality, according to Nick Ayton, Founder and CEO of Chainstarter and a family office advisor.
Sustainability, Impact + ESG Themes in High Demand – Investors increasingly seek returns that align with doing good for the world and are eager to embrace such opportunities, especially when they incorporate artificial intelligence, machine learning and ESG metrics. Next generation investors, in particular, view this as essential to the future of our society.
Invest in Oneself + The Family– In addition to investing our money, it is essential to invest in oneself and in the family in order to make continued wise decisions. Family stewardship and philanthropy is integral to family governance and the preservation of human capital. Practicing gratitude improves family-business balance.
Elite Investor Insights – Among the investment themes favoured by Summit speakers are: IoT/artificial intelligence/machine FinTech and lending, technology, healthcare, ecommerce, education, aquaculture, entertainment, disruption, start-ups, venture, alternative assets, real estate, solar power, art, clean energy, and digital assets.
SOURCE Ritossa Family Office
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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