Thursday, August 11, 2022

A good case for commercial cannabis legalization in Africa

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Legislation against cannabis is present in most African countries, although only a handful of governments actively prosecute marijuana growers and users. Most states with pro-cannabis laws only cater for its medicinal and export purposes

Effi launches product search API to help brokers access data under new open banking...

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Mortgage broking fintech Effi has developed and launched a new Product Search API on its platform, which will allow brokers to easily access product data on home loans provided by banks and lenders as required under the new open banking system.

PersonallyPicked reveals a 200% increase in Just Because gifting

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PersonallyPicked has seen exponential growth as demand continues to grow for unique gift options, with an 80% increase in gifting during the current NSW and VIC lockdown period.

Time to double down on our science investment in the 2022 budget

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The 2022 Australian Budget should consider a double down on Australia’s return-generating investments in science in order to prepare them for new complex challenges after this pandemic, fast-track our economic recovery and smooth the nation’s climate transition. This would start with boosting direct Research & Development investments to shift Australia closer to the top-ten OECD countries to seize economic opportunities for our nation.

QuickFee completes and launches QUBE proprietary payments platform

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QuickFee Limited is pleased to report the successful completion and launch of its proprietary payments platform, QUBE, and the subsequent improved operating profitability.

Ernst & Young establishes dedicated New Zealand financial services team

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Ernst & Young, New Zealand Managing Partner, Simon O’Connor, announced the launch of a dedicated New Zealand Financial Services Organisation (FSO), to provide local banking, insurance and wealth and asset management clients with the deep industry knowledge and experience to help them address some of their most complex challenges. Led by EY New Zealand Financial Services Leader, Paul Roberts, the wider financial services team currently encompasses more than 100 assurance, tax, strategy and transactions, people advisory services, and business and technology consulting professionals, with plans to expand rapidly.

The push and pull circumstances influencing wealth migration in Africa

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The 2020s have heralded an era of instability across the globe. Since the decade began, two Cs have consistently driven interest in residence and citizenship by investment: Covid and climate change. In Africa, a third C — conflict — has also been a push factor for some time. Yet in 2022, conflict took center-stage as a global driver. The shockwaves that followed Russia’s invasion of Ukraine have reverberated across the world, creating even greater levels of uncertainty and volatility for individuals, families, businesses, investors and gov'ts alike.

Basiq launches Smart Payments to accelerate Aussie fintech ecosystem

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Basiq announced an Australian first as it launches Smart Payments, integrating access to financial data with payment services on the Basiq platform. With a proven record in accessing financial data, the addition of payment services will enable both read and write services to be possible on the Basiq platform as Open Finance continues to evolve. This will help supercharge Fintechs as they accelerate the launch of new services in the market.

Finance industry executives dissect implications of RBA cash rate hike

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Australia’s central bank on raised interest rates for a third straight month as it struggles to contain surging inflation, risking an economic downturn. Wrapping up its July policy meeting, the Reserve Bank of Australia (RBA) lifted its cash rate by 50 basis points to 1.35%, a 125 basis points of hikes since May 2022. Industry leaders offer insights on the central bank's move and how it is to shape the course of business for various industries going forward.

IFC hires Ronke-Amoni Ogunsulire as Regional Manager for the Caribbean

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IFC, sector arm of the World Bank Group, has hired Ronke-Amoni Ogunsulire as the Regional Manager for the Caribbean. A Nigerian, Ms. Ogunsulire will be based in Santo Domingo, overseeing operations in the Dominican Republic, Haiti, and the English-speaking Caribbean.