Dive into the dynamic world of finance with our latest analysis highlights, exploring hot topics from the fintech industry.
Ether ETFs approval could drive up the price of Ether by 60%, according to a crypto firm (Quartz)
QCP Capital predicts Ether could surge by 60% to $6,000 if the SEC approves spot Ethereum ETFs. The SEC’s decisions on Van Eck’s and Ark 21Shares’ ETF applications are due this week. Approval would be a landmark event for the crypto industry, similar to the boost seen when spot Bitcoin ETFs were approved earlier this year. The DTCC listing of Van Eck’s ETF suggests approval and trading could start soon. Financial giants like BlackRock and Fidelity have amended their filings to remove staking provisions, aiming to facilitate approval. Bloomberg analysts have raised the approval odds for Ethereum ETFs from 25% to 75%, influenced by political support for crypto from President Biden and Donald Trump. Currently, Bitcoin is at $68,000 (down 2.5%) and Ether at $3,800 (up 1.9%), according to CoinMarketCap. Read more
Snowflake: How Finserv Organisation Should Approach DORA (Fintech Magazine)
Rinesh Patel of Snowflake advises financial services companies to proactively prepare for the EU’s Digital Operational Resilience Act (DORA), effective January 2025. DORA aims to enhance resilience against ICT-related incidents, requiring significant adjustments and investments. Key steps include conducting gap analyses, regular risk assessments, and reviewing third-party partnerships to comply with DORA’s five pillars: ICT Risk Management, Incident Management, Resilience Testing, Third-Party Risk Management, and Information Sharing. Patel emphasizes starting preparations now for better compliance, ultimately leading to a safer and more efficient financial system. Read more
How machine learning is transforming AML controls in payments (Fintech Global)
Giacomo Austin from Paysafe underscores the transformative role of machine learning in bolstering anti-money laundering (AML) controls within the payments industry. By automating risk assessments, fraud detection, and compliance reporting, machine learning enhances processes like Know Your Customer (KYC). Establishing trust in machine learning involves transparency, compliance with privacy laws, and mitigating biases through effective data management and diverse perspectives. While it significantly boosts compliance efficiency, it demands a steadfast commitment to data hygiene, collaboration, and long-term investment. Read more
The transformative impact of payments orchestration on airline growth and profitability (The Paypers)
Kristian Gjerding, CEO at CellPoint Digital, highlights the intricate challenges faced by the airline industry in managing payments amidst diverse fare rules, governmental regulations, and a complex ecosystem of payment forms. Payment orchestration emerges as a transformative solution, enhancing operational efficiency, customer experience, and revenue streams for airlines. By automating processes, optimizing transaction routing, and offering diverse payment options, payment orchestration shifts from a cost center to a strategic enabler of growth and innovation. CellPoint Digital’s Payment Orchestration Platform provides airlines with the infrastructure needed to navigate these complexities, optimize transactions, and future-proof payment operations, ultimately driving superior customer experiences and sustainable revenue growth. Read more
White-paper: Bridging the gap between data science and decision-making in financial services (Fintech Futures)
The white paper addresses the urgent necessity for financial firms to modernize and effectively utilize data science in their decision-making processes to maintain competitiveness. Challenges include efficiently communicating data insights, managing large and complex datasets, and enhancing team productivity. It emphasizes the importance of democratizing data accessibility across all levels of the company and eliminating inefficient processes to foster innovation. The paper proposes solutions to accelerate insight delivery, enhance collaboration, and facilitate company-wide data-driven decisions, ultimately aiming to improve competitiveness in the sector. Read more
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