Technology Updates

A recent blogpost by WealthTech firm Kidbrooke has examined the key technological factors that ensure the flexibility of digital financial services.

One of the key factors for companies in the digital age is ensuring that consumers can access their information quickly and efficiently. When these processes become too slow, this can have a damaging effect on the user experience.

The Monetary Authority of Singapore (MAS) and the National AI Office (NAIO) have launched a national initiative aimed at strengthened AI abilities in its financial sector.

Xalles Holdings has teamed up with Aktary Enterprises to launch cryptocurrency trading solution GioBot to capitalise on the market opportunity.

Solidus Labs, a risk monitoring and market surveillance platform, has scored a strategic investment round of $15m, which comes hot off the heels of its $20m Series A in May.

Global cryptocurrency financial platform AscendEX has secured $50m in its Series B round, which will support its international growth.

Cryptocurrency earning and borrowing platform Celsius Network hits a $3bn valuation following the close of a $400m investment.

With workforces becoming increasingly dispersed, methods of communication have escalated, making security compliance a key challenge for firms.

Singapore-based digital assets institution Cabital raised $4m in seed funding led by SIG, Dragonfly, and GSR, pushing the company’s valuation to $40m.

UK watchdog Financial Conduct Authority (FCA) has fired a warning shot at the cryptocurrency industry, signalling it could soon come under greater regulatory scrutiny.