Fintech
David Gokhshtein of G Media: Announces Congressional Run
NEW YORK, NY, Nov. 06, 2019 (GLOBE NEWSWIRE) — (via Blockchain Wire) Gokhshtein Media is a multi-platform media and marketing company comprised primarily of Gokhshtein Magazine. Gokshtein Magazine is a subscription based monthly online magazine focused on fintech project reviews, tech reviews, as well as travel, insight, and lifestyle pieces. Services to clients include multi platform marketing, merchandising, advertisement, and native ad/ advertorial services.
Financial professionals, blockchain technology enthusiasts, and marketing guru are probably the first things that come to mind. David Gokhshtein is also a major figure in the field of nascent technologies. Known by many as the “anti-hero of the blockchain world”, DG is known for not pulling punches and telling it like it is. In similar fashion as well known business motivators like Gary Vaynerchuk & Grant Cardone, David is helping take entrepreneurs and emerging businesses to the next level- not by telling these greenhorn startups and High Net-Worth individuals what they want to hear, but rather what they need to hear.
The industry is taking notice. In the current landscape of the world of tech and finance, businesses are struggling to do two things:
Adapt to an ever-evolving market where tech goes from cutting edge to obsolete in the blink of an eye (effectively endeavoring to future-proof themselves and provide scalable solutions).
Find some way of standing out in a field where user experience and marketing are kings. The best ideas not marketed well or providing sleek UI are quickly cast aside like peanut shells or the remnants of a thin foam inside a $6 glass of warm beer at a Yankees game. The price doesn’t accurately reflect the value, and (once the utility is used up) it is quickly forgotten
“I got involved with Blockchain technology first by reading about it and doing quite a bit of research, after I had fallen in love with the idea of how useful this can be and understanding the fundamentals of how it worked, I started digging deeper into startups and ICOs that are trying to develop this tech. I’m passionate about it because this is going to be the technology of the future that we are laying the foundation for. Much like the internet’s foundation was laid before us.”
This is where many industry leaders are now turning to David Gokhshtein as their new secret weapon. As the market grows, so does the pile of Non Disclosure Agreements on his desk in Long Island. Many a stymied project have turned to David as their last hope to help carve their name into the quickly growing tree that is the fintech industry. His name has become synonymous as a whispered code among entrepreneurs… “Better call Gokhshtein”.
David is also an esteemed member of the Forbes Finance Council and a contributing writer for Forbes Magazine. Even though he primarily focuses on the emerging field of cryptocurrency, he couldn’t shake the feeling that “it wasn’t enough”. So, in late 2018, he turned to longtime friend, Vinny Riley with a proposition. There wasn’t that much of an outlet for really getting the word out about this new industry. Beyond a few publications and podcasts aimed at existing cypherpunks and knowledgeable investors, there was a huge opportunity for creating content. So the two went about the task of creating what is now Gokhshtein Media.
They scoured message boards and online communities (many of which David helped create) in search of the cream of the crop of writers, content creators, analysts, traders, product reviewers, and industry experts. Their head-hunting mission paid off, with many jumping on with vigor the moment they heard it was to be a Gokhshtein project. The magazine would be the spark that ignited the passion projects stemming from a singular vision: inclusion in the blockchain space.
“I didn’t want to just spit out articles hastily thumbed through in bumper to bumper traffic by the bridge and tunnel crowd. Didn’t want to simply cater to those already in the know. This is still a market in its infancy. Huge swaths of demographics underrepresented in the space. I wanted to hire a team with diverse backgrounds. Different races, religions, genders, and socioeconomic backgrounds. Different political views, levels of knowledge, realms of expertise, and motivations. This isn’t a “one size fits all” nation, and the crypto community should reflect that.”
David is especially motivated to help insure that women get their due credit in the industry.
“I do feel there is a gender equality gap because for years, since the inception of the IT industry, it is and always has been for the most part a male dominated industry. I feel like this has put a stigma on the “women of crypto” as much as it has the IT industry. To see a female network analyst is surprising but not unwelcome or as uncommon as people may think, much as it is in crypto. Women are welcome everywhere but in male dominated industries I think it comes as a surprise to other IT professionals because the stigma is that women aren’t interested in tech enough to work in the industry, which is a largely false conception.”
The first issue was released in March of 2019 and was blessed to have none other than Tron CEO Justin Sun grace the cover. Since then, it’s been riding hell for leather with a huge variety of tech and project reviews, insights, lifestyle pieces, and a focus on the arts.
Contact:
Shazir Mucklai
Imperium Group
[email protected]
Fintech
Central banks and the FinTech sector unite to change global payments space
The BIS, along with seven leading central banks and a cohort of private financial firms, has embarked on an ambitious venture known as Project Agorá.
Named after the Greek word for “marketplace,” this initiative stands at the forefront of exploring the potential of tokenisation to significantly enhance the operational efficiency of the monetary system worldwide.
Central to this pioneering project are the Bank of France (on behalf of the Eurosystem), the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Swiss National Bank, the Bank of England, and the Federal Reserve Bank of New York. These institutions have joined forces under the banner of Project Agorá, in partnership with an extensive assembly of private financial entities convened by the Institute of International Finance (IIF).
At the heart of Project Agorá is the pursuit of integrating tokenised commercial bank deposits with tokenised wholesale central bank money within a unified, public-private programmable financial platform. By harnessing the advanced capabilities of smart contracts and programmability, the project aspires to unlock new transactional possibilities that were previously infeasible or impractical, thereby fostering novel opportunities that could benefit businesses and consumers alike.
The collaborative effort seeks to address and surmount a variety of structural inefficiencies that currently plague cross-border payments. These challenges include disparate legal, regulatory, and technical standards; varying operating hours and time zones; and the heightened complexity associated with conducting financial integrity checks (such as anti-money laundering and customer verification procedures), which are often redundantly executed across multiple stages of a single transaction due to the involvement of several intermediaries.
As a beacon of experimental and exploratory projects, the BIS Innovation Hub is committed to delivering public goods to the global central banking community through initiatives like Project Agorá. In line with this mission, the BIS will soon issue a call for expressions of interest from private financial institutions eager to contribute to this ground-breaking project. The IIF will facilitate the involvement of private sector participants, extending an invitation to regulated financial institutions representing each of the seven aforementioned currencies to partake in this transformative endeavour.
Source: fintech.globa
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Fintech
TD Bank inks multi-year strategic partnership with Google Cloud
TD Bank has inked a multi-year deal with Google Cloud as it looks to streamline the development and deployment of new products and services.
The deal will see the Canadian banking group integrate the vendor’s cloud services into a wider portion of its technology solutions portfolio, a move which TD expects will enable it “to respond quickly to changing customer expectations by rolling out new features, updates, or entirely new financial products at an accelerated pace”.
This marks an expansion of the already established relationship between TD Bank and Google Cloud after the group previously adopted the vendor’s Google Kubernetes Engine (GKE) for TD Securities Automated Trading (TDSAT), the Chicago-based subsidiary of its investment banking unit, TD Securities.
TDSAT uses GKE for process automation and quantitative modelling across fixed income markets, resulting in the development of a “data-driven research platform” capable of processing large research workloads in trading.
Dan Bosman, SVP and CIO of TD Securities, claims the infrastructure has so far supported TDSAT with “compute-intensive quantitative analysis” while expanding the subsidiary’s “trading volumes and portfolio size”.
TD’s new partnership with Google Cloud will see the group attempt to replicate the same level of success across its entire portfolio.
Source: fintechfutures.com
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Fintech
MAS launches transformative platform to combat money laundering
The MAS has unveiled Cosmic, an acronym for Collaborative Sharing of Money Laundering/Terrorism Financing Information and Cases, a new money laundering platform.
According to Business Times, launched on April 1, Cosmic stands out as the first centralised digital platform dedicated to combating money laundering, terrorism financing, and proliferation financing on a worldwide scale. This move follows the enactment of the Financial Services and Markets (Amendment) Act 2023, which, along with its subsidiary legislation, commenced on the same day to provide a solid legal foundation and safeguards for information sharing among financial institutions (FIs).
Cosmic enables participating FIs to exchange customer information when certain “red flags” indicate potential suspicious activities. The platform’s introduction is a testament to MAS’s commitment to ensuring the integrity of the financial sector, mandating participants to establish stringent policies and operational safeguards to maintain the confidentiality of the shared information. This strategic approach allows for the efficient exchange of intelligence on potential criminal activities while protecting legitimate customers.
Significantly, Cosmic was co-developed by MAS and six leading commercial banks in Singapore—OCBC, UOB, DBS, Citibank, HSBC, and Standard Chartered—which will serve as participant FIs during its initial phase. The initiative emphasizes voluntary information sharing focused on addressing key financial crime risks within the commercial banking sector, such as the misuse of legal persons, trade finance, and proliferation financing.
Loo Siew Yee, assistant managing director for policy, payments, and financial crime at MAS, highlighted that Cosmic enhances the existing collaboration between the industry and law enforcement authorities, fortifying Singapore’s reputation as a well-regulated and trusted financial hub. Similarly, Pua Xiao Wei of Citi Singapore and Loretta Yuen of OCBC have expressed their institutions’ support for Cosmic, noting its potential to ramp up anti-money laundering efforts and its significance as a development in the banking sector’s ability to combat financial crimes efficiently. DBS’ Lam Chee Kin also praised Cosmic as a “game changer,” emphasizing the careful balance between combating financial crime and ensuring legitimate customers’ access to financial services.
Source: fintech.global
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