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NexChange Interview Series: Musheer Ahmed, Fintech Association of Hong Kong, Part 2
Welcome to part two of the NexChange Interview Series with Fintech Association of Hong Kong General Manager Musheer Ahmed. Musheer -- a former global markets trader and strategy consultant with a keen interest in disruptive technologies -- recently helped publish a major report on fintech in the Greater Bay Area and, in this part, he shares more of his thoughts
China Accelerates Own Cryptocurrency Plans in Response to Facebook’s Libra
The People’s Bank of China is apparently worried about Facebook’s digital currency, Libra. SCMP: “If [Libra] is widely used for payments, cross-border payments in particular, would it be able to function like money and accordingly have a large influence on monetary policy, financial stability and the international monetary system?” asked Wang Xin, director of the People’s Bank of China (PBOC)’s
Human-Machine Interaction Failings Cause Worldwide Ship Groundings
AI, Smart Cities
Serious safety issues have been revealed about failures in human-machine interaction to safely navigate ships and watercraft of all kinds around the ocean. The issue came to light in an Australian Transport Safety Bureau (ATSB) investigation report "Grounding of ABFC Roebuck Bay." The report details how and why a highly qualified, experienced and well-rested crew of a Border Force cutter
The FCA Is Banning Crypto CFDs And Russia Is Elated
The Financial Conduct Authority, which is the regulator of the United Kingdom has announced that they will be introducing a ban on Contracts for Difference on cryptocurrencies. mohamed_hassan / Pixabay For those who don’t know. Contracts for Difference allow traders to make investments on assets without having to buy the actual thing. Meaning that the contract itself is what carries
NexChange Interview Series: Musheer Ahmed, Fintech Association of Hong Kong, Part 1
In this installment of the NexChange Interview Series, NexChange’s Olga Yaroshevsky sits down with Fintech Association of Hong Kong General Manager Musheer Ahmed. Musheer has an extensive background in financial services and technology, having been a global markets trader for a decade and a strategy consultant following his MBA. He also has a keen interest in technologies impacting or disrupting
BMW Group And Daimler AG Partner To Put Autonomous Cars On The Road By 2024
AI, Smart Cities
German original equipment manufacturers (OEMs) BMW Group and Daimler AG inked a partnership on July 4 for a long-term strategic cooperation in autonomous driving, focusing on jointly developing next-generation technologies for driver assistance systems, automated driving on highways, and self-parking – in essence, an SAE Level 4 autonomous vehicle. Commercial deployment of the technology in passenger car systems is expected
What’s the Long-Term Oil Outlook? Watch How the Majors Invest
What’s the long-term outlook for oil in a world shifting to renewable energy? Oil majors publicly say supply-and-demand dynamics will support the market. But their investment choices suggest that they’re preparing for a much weaker oil price in the distant future. Forecasting long-term oil trends is very complicated work. Demand is affected by variables, including the economic growth of emerging
Bitcoin Scam Generated $135,000 Daily From Thousands of Investors
MichaelWuensch / Pixabay South African investors are livid today, as reports surfaced yesterday regarding a Bitcoin scam that has defrauded thousands of people. The scam originated within a company called Bitcoin Wallet in Ladysmith, South Africa The firm allegedly claimed that it could produce profits of 100% for investors within 15 days. These promises of high returns turned out to
Economist: 'Bitcoin Is a Gambling Instrument for Chinese, Koreans and Japanese'
Economists seem to be really bagging on crypto lately. Speaking to the Korea Times, noted economist Andy Xie said that there’s basically no way that cryptocurrencies will be recognized as legal currency. "Bitcoin is primarily a gambling instrument for Chinese, Koreans and Japanese," Andy Xie, a vocal critic of the bitcoin craze, told The Korea Times. "Even though so many
NCR Acquires Online Banking Platform D3 Technology
FinTech
NCR Corporation NCR has acquired D3 Technology, Inc., a provider of online and mobile banking for the large financial institution market. Read more at Benzinga. Photo: uberof202 ff