Financial Center News #58

⏳As we approach #IFF2024 on August 26-27 organised by our member Kigali International Financial Centre, CEO Nick Barigye underscores the significance of hosting the Global Inclusive Fintech Forum for both #Rwanda and #Africa.

📲Pre-register for IFF 2024: lnkd.in/d5_m8YEb

ADGM announces significant fee reductions of up to 50% for non-financial and retail licences, effective January 1, 2025. This move supports the smooth transition of Al Reem Island businesses to ADGM's jurisdiction following its expansion last year, reflecting ADGM's commitment to fostering a vibrant business ecosystem in Abu Dhabi.

Learn more here:

🔗 https://lnkd.in/gQjGsaAe

#ADGM #FeeReduction #BusinessLicenses #RetailLicenses #NonFinancialLicenses #BusinessEcosystem #AbuDhabi #AlReemIsland #BusinessTransition #EconomicGrowth #BusinessSupport #January2025 #ADGMExpansion #BusinessIncentives #VibrantBusiness #CommitmentToGrowth #BusinessSavings

We are happy to announce the successful launch of AIFC Masters: The Skills Exchange!🚀

This initiative allows our employees to share their expertise in hobbies outside of work. The debut session, featuring Iskander Bikarzeev, Aliya Kydyrbekova, and Balzhan Myrzabayeva, focused on the secrets of a healthy lifestyle and was a great success! 🙌🏼

Thank you to our speakers and everyone who attended!

Good afternoon from Busan :)

On July 3, the "BFC Concert with Busan International Finance Center" held at BIFC will now take place every week starting from July 25! We look forward to your interest and participation 😊

🎺 Schedule: Every Thursday from July 25, 2024, to September 19, 2024, 12:15 PM - 12:45 PM(KST) 🎻 Location: BIFC Main Building, 1st Floor (Reception Area)

Benin is currently undergoing full economic development after successfully combining democracy and political stability, offering reliable economic growth, promising stable inflation and promoting sound public finances.​ ​ Discover this month's country fact sheet for comprehensive details, available in the first comment.​ ​ #Benin #Africa #CFC #CasablancaFinanceCity #AfricaInsights #CFCInsights #InvestmentOpportunities

#DIFC announces enactment of updated Prescribed Company Regulations.

The DIFC Prescribed Company (PC) Regulations, initially enacted in 2019 and updated in 2020 and 2022, are now being further expanded to meet the growing demand. With the introduction of #UAE #CorporateTax, substance requirements are less of a concern, allowing DIFC to open up the PC regime to a global base of applicants while maintaining strong ties to DIFC and the #GCC.

Read more: https://lnkd.in/de-C9vaC #PrescribedCompanyRegulations

🌍 Exciting News! 🌍 The Economic Development Board Mauritius is thrilled to announce its participation in the AFSIC 2024 conference in London, taking place on 7th to 9th October 2024. AFSIC is one of the leading Africa-focused investment conferences, offering a prime opportunity to connect, collaborate, and engage in meaningful discussions about economic growth and investment opportunities.

We are offering a 20% discount on conference bookings! Simply use our exclusive code AF2420SP when registering to take advantage of this offer.

🔗 Register here: https://lnkd.in/gA64WGw

We look forward to interacting with industry leaders, investors, and stakeholders at AFSIC 2024. Mauritius International Financial Centre

#EDB #AFSIC2024 #Investment #EconomicDevelopment #MauritiusIFC #EDBmauritius #Discount #Networking #Collaboration

Watch Out!

The State of Enterprise (SOE) Report 2024 -- The most comprehensive analysis of Nigeria's Financial & Professional Services (FPS) sector is coming soon.

#SOEReport2024 #FPSSector #Nigeria #Banking #Economy #FinancialServices #Insurance #AssetManagement #ProfessionalServices #Law #SustainableFinance #CapitalMarkets #Pensions #FinTech #NonInterestBanking

FinanceMalta recently launched its 17th Annual Conference, titled "Empowering Financial Services," at an exclusive event for its members. For the first time ever, the conference is backed by the support of 30 different companies.

For more information on the FinanceMalta 17th Annual Conference visit 👉https://lnkd.in/gi_Bat8t

Meet the Pre-Conference Networking Sponsor and our Platinum Sponsors:

🥂Pre-Conference Networking Sponsor - Dominion

⭐⭐Platinum Sponsors AQA Capital Ltd, Bank of Valletta plc, Dolfin Europe, Finco Trust Services Limited, Mastercard, Mediterrania Capital Partners, Malta Stock Exchange plc, and Systemic.

#FinancialServices #FM17AC

[Held on 7/31 (Wednesday)! ] Overseas Fintech Startup Pitch & Business Matching Event] FinCity.Tokyo (東京国際金融機構) will hold a pitch business matching event. In addition to overseas Fintech startups that are highly motivated to collaborate with Japanese companies, we will set up one-on-one interviews with the companies for those who wish. Language: Japanese (Japanese only), Participation fee: Free If you are interested, please register from the application page below. Application page: https://lnkd.in/gvEfiGzY ▼ Event Overview Date & Time: Wednesday, July 31, 2024, 15:00-18:00 (Reception starts at 14:30) Venue: Tokyo Innovation Base (SusHi Tech Square 2F, 3-8-3 Marunouchi, Chiyoda-ku, Tokyo) How to participate: Venue/Zoom Participation fee: Free ▼ Schedule 14:30- Registration starts 15:00-16:00: Pitches by 5 foreign financial companies ①Everimpact ②Episode Six (E6) ③ FSCO (Fresh Supply Co) ④Chainalysis ⑤Mind Foundry 16:00-18:00:1on1 Matching/Networking 18:00-: Closing

Invest Tokyo Tokyo Gov Intl PR Team Keiichi Aritomo TOMOKO O.

A new study by KPMG shows that around three-quarters of companies already use #AI in #financialreporting, and in three years almost all of them plan to use it. 💡

Sebastian Stöckle, Partner at KPMG, emphasizes: "AI in financial reporting has now arrived as a strategic technology in companies. This development will progress rapidly. We are experiencing a transition from the digital age to the age of AI." Companies are investing an average of just under 10% of their IT budget in AI.

And what are the biggest advantages of AI? Better predictions of #trends, real-time insights into #risks (60%) and data-driven decisions (57%). Biggest hurdles? Data protection and security (59%), lack of know-how (56%) and funding (49%). Many companies, therefore, expect their auditors to evaluate the use of AI and ensure the quality of the results.

🔍 You can find the full article here: https://frankfurt-main-finance.com/en/ai-revolutionizes-financial-reporting/

#DigitalTransformation #Auditing

🚀 Warsaw Finance Week is coming! Join us at the most important and prestigious event in Poland dedicated to the financial technology sector and international cooperation. 🌐 In Warsaw, on 🗓 17-20 November, we will meet with representatives of companies and institutions interested in the development of the Polish and global financial sector. We will have guests from: 🇧🇪 Belgium 🇨🇿, Czech Republic 🇦🇪, Dubai 🇫🇷, France 🇬🇪, Georgia 🇱🇹, Lithuania 🇷🇴, Romania 🇭🇺, Hungary 🇮🇹, Italy and many others! 🎉 It will be a real fintech celebration! 🎉 Warsaw Finance Week includes a variety of events, and its main point will be the Future Finance Summit. What else? Many accompanying events, workshops, expert meetings and, of course, networking. It is an opportunity to exchange experience and know-how with representatives of companies, organizations and institutions from all over the world! The agenda of the entire event is already being prepared. Soon you will be able to get acquainted with our specters and panelists. Stay tuned!

Registration: 👉 https://lnkd.in/g92xqA6U

Pawel Widawski, Piotr Brewiński, Kasia Jedlińska, Gabriela Mrozek, Zuzanna Krauzowicz, Katarzyna Multan, Aneta Girdwoyń (Kmoch), Anna Malanowska

📢 After careful consideration, the HKMA announces the first batch of participants admitted to our stablecoin issuer sandbox. To facilitate the effective operation of the sandbox, only institutions that are able to demonstrate reasonable and sustainable business plan, as well as robust and compliant sandbox operations are admitted. 🪙📋💼

☑️ Check out the latest list of sandbox participants on our website: https://lnkd.in/girqybb2

Our sandbox serves as a platform for participants to: 🧪 Test their business operations within a limited scope and risk-controlled environment as specified by the HKMA 🛠️ Engage in direct dialogue with the HKMA on future compliance with the proposed regulatory regime

This collaborative approach contributes to the development of a fit-for-purpose regulatory regime, which will help promote the healthy, responsible and sustainable development of the stablecoin ecosystem in Hong Kong.

⚠️ Be aware that these sandbox participants will not raise funds from the public or offer any investment products in the name of the sandbox. 🙅‍♂️💰 🚨 Always stay vigilant – for any suspicious activities or claims related to the sandbox, verify with the HKMA to ensure legitimacy.

#HKMAInnovates #StablecoinIssuerSandbox #Stablecoindevelopment #HKFinTech

We are honoured to partner with the Saudi British Joint Business Council (SBJBC) to host a roundtable at our joint event, focussed on the Kingdom of Saudi Arabia on 17 July in London.

Led by Faizal Bhana Finance’s Director – Middle East, Africa and India, guests at the roundtable event will hear a range of Saudi experts, including Saudi Government representatives, who will provide in-depth knowledge for professionals aiming to establish a foothold in the Kingdom’s financial sector.

The roundtable aims to foster discussion and debate and provide attendees with valuable insights into the process of setting up a financial services firm in the Kingdom.

This event is highly recommended for representatives from professional services advisory firms, banks, corporate services providers and fund administrators doing business or looking to do business in Saudi.

Luxembourg is set to introduce targeted tax reforms to attract top talent, boost business and strengthen financial services. The reforms are part of a series of 16 measures laid out by Luxembourg’s Minister of Finance Gilles Roth and approved by the Council of Government on 17 July.

Read more: https://bit.ly/3Y7bEOh

#Luxembourg #FinancialServices #Competitiveness

The Institut de la Finance Durable supports the creation of the "Objectif Biodiversité Fund", launched by eleven French 🌱 institutional investors 📢 This initiative aims to integrate biodiversity into financial management practices and align investments with the imperatives of preserving ecosystems. It mainly targets European small and medium-sized enterprises in key sectors for biodiversity. The consultation to select the fund manager is scheduled for the last quarter of 2024. Find all the details on the AFG 👉 website https://lnkd.in/gKS9AzxB France Assureurs Abeille Assurances (Aéma Groupe ), BNP Paribas Cardif, BPCE Assurances, Groupe Caisse des Dépôts, CNP Assurances, EDF Management, MAIF, MACIF (Aéma Groupe ), Malakoff Humanis, Société Générale Assurances

We were honored to welcome HE Khalifa bin Jassim Al Kuwari, President of the General Tax Authority, to #QFC for the first time. During the visit, we explored opportunities for enhanced collaboration and discussed future initiatives. 🤝

Yousuf Al-Jaida Salah Gueydi, PhD

Responding to the King’s Speech today, our CEO, Miles Celic, comments:

"It’s positive to hear the government’s commitment to forging a new partnership with business to spur economic growth. As ever, the proof will be in its delivery - there is no time to waste to get our economy growing again.

"Their intentions to further empower local leaders, tackle long-standing barriers to investment and growth in areas such as pensions, planning, and corporate governance and skills are also welcome. We look forward to strengthening our engagement with government and the regulators to refine and implement these reforms, ensuring their meaningful impact for business and people right across the UK.”

Full statement is available here: https://lnkd.in/eSet6hat

#TheCityUK