WealthRyse turns spreadsheets into rocket-fuelled AI portfolios for everyone. Global private wealth has climbed past US$140 trillion as of 2022, and it continues to expand at
As markets ebb and flow with noise, WealthRyse provides wealth advisors and asset managers with the perfect AI “co-pilot” to rebalance portfolios for and engage
Are you ready to revolutionize your investment approach and maximize your profits? Consider robo-advisors—the AI-powered automated investment advisor that uses algorithms to provide financial advice and manage investments. They are typically much cheaper than traditional advisors, and they can be a good option for investors—even beginners—who are looking for an automated and efficient way to manage their portfolios.
SAS, an analytics company, has unveiled a strategic plan to invest US$1 billion over the next three years towards the development of advanced analytics solutions. With a focus on meeting the specific needs of industries such as banking, government, insurance, healthcare, retail, manufacturing and energy, SAS aims to enhance its offerings and strengthen its position in the market.
Innovation in the financial technology (FinTech) space has reached new heights, thanks to the rise of technology. With the rapid transformation of the financial industry, FinTech companies are at the forefront of this change, using technology to disrupt traditional banking and offer innovative solutions to meet our financial needs.
Technology has transformed our lives in countless ways, from the way we work and communicate to the way we shop and entertain ourselves. But with all the incredible innovations and advancements come a whole host of confusing tech terms that can leave even the savviest of users scratching their heads. Fear not, as we have compiled a list of ten popular tech terms and simplified them into easy-to-understand explanations.
Copy trading has been gaining popularity in the world of finance as an investment strategy where one trader’s position is automatically copied by another trader’s account. With numerous platforms available, both in the cryptocurrency and foreign exchange (forex) markets, it has become easier for new investors to copy the investment strategies of seasoned investors.
As of 2021, the global online gambling market has reached a staggering US$57.54 billion. The mainstreaming of blockchain technology has been a driving force behind this growth, particularly with the use of cryptocurrency in online gambling. With faster transactions and enhanced security measures, cryptocurrencies have become a favorite among gamblers seeking anonymity.
In 1988, Gautam Adani, a school dropout, launched Adani Enterprises. The primary focus of the conglomerate’s portfolio remained transport and energy, then expanded to mining, airports and more. Adani was so successful in the venture that last year, he was crowned the richest man in Asia and the third richest worldwide, with US$120 billion to his name.
Nearly everyone aspires to make billions of dollars on crypto investments. Still, only a few have been able to accomplish this. In 2022, a mere 19 crypto trailblazers made it to the Forbes Billionaire list.
For Hong Kong to elevate its status as a world-leading innovation hub, it needs to continue to evolve as a smart and sustainable city. The reason is simple: Smart city initiatives can serve as a catalyst for start-up-led innovation, particularly from the city’s already well-developed fintech sector.
FinTech startups are on the rise nowadays. Thanks to innovative technologies like blockchain and artificial intelligence (AI), it’s easier than ever to revolutionize the finance sector. However, getting a FinTech startup off the ground is far from simple. It requires immense amounts of research and planning in order to be properly ready for launch.
The past few years have seen digital or virtual currencies come to the fore, thanks to the rise of cryptocurrency. Basically, digital currency is money that only exists virtually. Arguably the most popular, crypto is not the only digital currency in circulation today. There’s also central bank digital currency (CBDC), i.e. currency launched by central banks of countries, and stablecoins. As per a survey by the International Monetary Fund (IMF), over 100 countries out of its 159 members are exploring CBDCs in the near future.
The Forex market is one of the fascinating markets that exist in today’s global economy. With its expanded trading hours, hundreds of different possible trading pairs and incredible liquidity, it makes for a very fast-paced and dynamic trading ground. Some currencies are traded much more than others, however, for a range of reasons including the strength and growth of the economy and the perceived safety of the currency. We look at five of the most traded pairs of currencies in the Forex market in 2022.
After a turbulent year of market crashes and bankruptcy filings from firms like FTX and BlockFi, things have not been looking great for the crypto market. Many cryptocurrencies crashed hard in the past year. For instance, on December 31, 2021, Bitcoin was worth US$46,224.39, but as of December 20, 2022, it was only trading at US$16,794.
At the fundamental level, a smart contract is a set of digital codes used to trade assets without intermediaries. Say you want to create a smart contract. In this case, you or the other party involved would have to digitally code the smart contract and its parameters, with both of you agreeing to the smart contract rules.
