Swiss inheritance tax proposal challenges wealth consensus

Swiss voters are preparing to decide on a proposal that would significantly alter how large inheritances and gifts are taxed in one of the world’s most stable financial centres. The initiative seeks to introduce a 50% tax on inheritances and gifts exceeding 50 million

UK Banks Rally as Budget Brings Relief

British banking shares surged after reports confirmed that Chancellor Rachel Reeves will likely spare the sector from new tax hikes in the upcoming budget – a decision that immediately lifted confidence across

UK Pilot Brings Banking to the Unbanked

The UK government’s new pilot scheme marks a decisive shift in the intersection of finance and social policy. For the first time, people without fixed addresses, including those experiencing homelessness, will be able to open bank accounts through a partnership

Brazil Tightens Fintech Regulations to Curb Financial Crime

Brazil’s central bank has introduced a sweeping set of regulatory reforms aimed at strengthening oversight of fintechs and tightening safeguards against financial crime. The move marks one of the most significant overhauls of the country’s financial supervision framework in recent years, reflecting a shift

Stalled Data Access Threatens U.S. Open Banking Momentum

The United States’ journey towards open banking has hit a critical pause after a federal injunction temporarily halted the Consumer Financial Protection Bureau’s (CFPB) long-awaited rule on consumer data access. Designed to give customers full control over their financial data, the regulation promised to

Seamless Global Transfers Revolutionise Cross-Border Payments

A landmark collaboration between global fintech platform Afriex and Visa is reshaping the future of cross-border payments, introducing a new era of real-time financial connectivity. By integrating Visa Direct through its banking partners, Afriex can now facilitate instant transfers to over 160 markets –

Taxing Crypto as Unproductive Wealth Clouds Fintech’s Momentum

Europe’s evolving stance on digital assets is taking a sharper turn as France proposes to classify cryptocurrencies as “unproductive wealth,” placing them under wealth tax frameworks traditionally reserved for luxury assets. This marks a significant policy shift, signalling that governments are ready to treat

Merchant Banks Drive Global Finance Amid Growing Demand

In the fast-evolving world of corporate finance, merchant banks are becoming increasingly crucial. Unlike traditional retail banks, which cater to the general public, merchant banks specialise in offering high-end financial services tailored

HSBC’s Bid to Fully Privatise Hang Seng

HSBC’s proposed acquisition of the remaining 40 per cent stake in Hang Seng Bank marks one of its most significant strategic moves in Asia in recent years. Valued at approximately US$13.6 billion,

Stablecoins Threaten to Redraw the Banking Map

A new report from Standard Chartered has sent ripples through the financial world, warning that stablecoins could drain as much as $1 trillion from emerging market banks within the next three years.

AI-Powered Investing: Navigating the Robo-Advisory Surge

The landscape of retail investing is undergoing a significant transformation, driven by the integration of artificial intelligence (AI) into financial advisory services. As AI tools like ChatGPT approach their third anniversary, approximately one in ten retail investors are turning to

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