Skills gaps holding financial institutions back

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The latest study from Banking Circle has revealed the new challenges faced by CIOs and CTOs working in Banks and FinTechs.

   Skills gaps holding financial institutions back

The insight from the Payments bank for the new economy found that more than half have skills gaps in their organisations that could hold them back from capitalising on the latest technology, seriously undermining their post-COVID recovery.

Key data

  • All FinTechs and 99% of Banks confirmed they have skills gaps in their organisation
  • 63% of FinTechs (56% of banks) expect to see their Payments IT team/resource increase in the next 12 months
  • 34%
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R3 acquires regulated markets stablecoin issuance capability with Ivno

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R3 has acquired the technology and team of the financial asset tokenization specialist Ivno, enabling the use of Ivno-developed capabilities across the Corda platform.

R3 acquires regulated markets stablecoin issuance capability with Ivno

This acquisition further strengthens R3’s capabilities in the digital assets and currency space.

Ivno’s secure, dynamic smart contract and tokenization platform is designed for regulated financial services firms. It enables users to rapidly tokenize assets such as gold, cash, collateral and artwork, providing a modern way to increase liquidity, improve security and enable the rapid and low-cost transfer of assets.

The solution was developed to comply

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82 Greatest Business Ideas For Newbie Entrepreneurs 2020 Edition

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With our greatest-promoting course Start-a-Business one zero one. Some local businesses don’t need to undergo all of the essential steps to do their inbound advertising and marketing themselves. They’d rather have you simply do it all for them and ship results in their doorstep. If you happen to go into this enterprise I would recommend that you just take into account constructing your experience for a particular trade, instead of a selected location, because the results for a selected trade usually tend to be repeatable.

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Hong Kong shows strong signal to enter CBDC market with e-HKD

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The Hong Kong Monetary Authority (HKMA) has recently published a technical whitepaper on retail central bank digital currency (CBDC), becoming one of the 82 countries now exploring the move to launch a digital fiat.

Hong Kong shows strong signal to enter CBDC market with e-HKD

The HKMA began researching CBDC under Project LionRock in 2017.

In collaboration with the three note-issuing banks, the Hong Kong Interbank Clearing Limited, and the R3 consortium, the HKMA commenced a study on CBDC in 2017 with a view to better understanding its feasibility, implications, and possible benefits through exploring its use in domestic inter-bank

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