In the cryptocurrency and art scene, “Non-Fungible Tokens (NFTs)” is one of the latest buzzwords that have been going around. In fact, ‘NFT’ was designated as Collins Dictionary’s word of the year for 2021. “It’s unusual for an abbreviation to undergo such a stratospheric spike in usage,” said Alex Beecroft, Managing Director of Collins Learning, […]Read full post
In recent years, the cryptocurrency market has received a lot of attention, driving cryptocurrency adoption up at an increasing pace. Global cryptocurrency adoption has increased by 880% over the previous year and an estimated more than 300 million individuals are using cryptocurrencies worldwide. However, as the public’s interest in cryptocurrencies grows, so does the number […]Read full post
How do you know if you’re choosing the right compliance solution for your company? Regulatory compliance is becoming increasingly uncompromising and demanding in this technological age. It is difficult for companies to not only continuously comply with these regulations, but to also perpetually keep up with the ever-changing rules and regulations. Regulatory compliance is based […]Read full post
According to the United Nations, it is projected that 68% of the total global population will be living in urban areas by 2050. With this growing number of individuals moving to urban areas, efficient and effective management becomes increasingly essential for the sustainable development and growth of these urban areas. In order to solve this […]Read full post
As decentralised finance (DeFi) is slowly becoming more widely adopted around the world, being able to understand the technology behind DeFi allows for better security protocols to prevent fraud and lower the risks involved. One of the key building blocks that allow the DeFi ecosystem to thrive is liquidity pools. Why are Liquidity Pools Needed? […]Read full post
Fraud is a serious issue. In 2020 alone, the total global loss from payment fraud rose to $32.39 billion. This amount is expected to rise even further to reach $40.62 billion in 2027. As businesses selling online goods and services are likely to encounter fraud cases, the rise of the digital economy could bring about […]Read full post
Money laundering is a rampant issue in the financial world, defined as the conversion or transfer of financial assets for the purpose of concealing and disguising their illicit origin. According to the United Nations, 2-5% of the global GDP is estimated to be laundered annually. As a result, regulators around the world have necessitated the […]Read full post
With the continual developments in blockchain technology, the adoption and use of decentralised finance (DeFi) is becoming more and more common. Broadly defined as any peer-to-peer financial service that does not require the regulation of a centralised intermediary, the use of DeFi enables one to engage in financial services (such as normal transactions) without the […]Read full post
For businesses that deal with cryptocurrencies, there are many terms, such as Digital Asset Entity (DAE), Digital Asset Customer (DAC), Money Service Business (MSB) and Virtual Asset Service Provider (VASP) that are thrown around and used interchangeably. Combined with the fact that they are often used to describe very similar things, one might think that […]Read full post
As part of the KYC process, the onboarding process for new customers can include a lot of form filling. However, having too many fields in a signup form can hurt conversion as it slows down. It was found that single-click sign up processes can increase signup rates by a whopping 8.2 percent. This means that […]Read full post
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