Currencies stories - Page 2

Financial crime compliance costs have soared, driven by increased regulations, technology costs, and ongoing battles against evolving financial crimes.

JBL launches JBL Land, a unique immersive world on Roblox, blending music, gaming, and creativity to engage a new generation of audio lovers with personalised sound experiences.

Bitcoin's value has soared past $72,000 for the first time ever, fueled by increased acceptance of the cryptocurrency by influential financial institutions and the anticipation of the upcoming halving event.

Financial crime compliance costs in Australia have soared beyond AUD $5 billion, with 98% of institutions reporting a rise, driven largely by increasing technology and labour costs.

BEPS Pillar Two has firms grappling with data management and understanding specifications for tax reforms due to its intricate criteria for tax calculations across international borders.

UK fintech company Payhawk aims to expand its London team by 44% following a successful year and the acquisition of its UK EMI Licence.

The gaming industry must increase cybersecurity efforts amid growing threats; risks include data theft and game manipulation, leading to financial losses and a decrease in public trust, says Mindera's Gaming lead, Teresa Matos.

Currencycloud secures In-Principle Approval for a Major Payment Institution licence from the Monetary Authority of Singapore, bolstering its Asia Pacific services.

UnaFinancials predicts a twofold increase in Southeast Asia's fintech firms by 2027, driven by a robust super-platform economy, supportive regulations and favourable economic conditions.

Zoom's fiscal year 2024 report reveals a 3.1% YoY rise in revenue, bolstered by growth in enterprise revenue and a successful launch of their AI digital assistant.

Bitcoin hits an all-time high against the NZD, nearing a similar historic landmark in USD, amid burgeoning global interest in the cryptosphere.

Ransomware gangs increase pressure on victims by implementing ruthless extortion techniques enabled by the proliferation of cryptocurrencies and AI.

Australian gaming company, VHS, pioneers a successful approach, integrating crypto, blockchain and cloud ERP in a virtual horse racing platform.

As businesses expand, basic accounting systems like Xero can limit growth. For more complex needs, businesses should consider transitioning to a flexible cloud ERP.

Digital payment giant Telr collaborates with climate fintech Fils in a strategic effort to reduce emissions within payment infrastructures, bolstering UAE's Net Zero by 2050 strategy.

Kyriba's latest CIR unveils a $30bn FX impact on 1,200 multinational firms in Q3 2023, highlighting FX's influence on revenues and cash flows.

Stablecoins, an innovative class of cryptocurrency, combine the advantages of digital security and rapid transactions, despite myths and misunderstandings.

State Street Corporation is set to go global with its Fund Connect ETF portal due to soaring demand, primarily from Europe and the APAC region, increasing automation's efficiency and reducing risk.

Banking without borders is pivotal for 40% of UK adults considering relocation abroad amid concerns about financial difficulties.

AI-driven transformation is set to revolutionise Australia's freight industry, addressing challenges like driver shortages, underutilisation of capacity, and demand for real-time pricing and visibility.