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Following the strategic partnership, Westlake Financial will leverage Pagaya’s relationships with asset managers and other partners to finance the auto loans. Westlake Financial, an established automotive fintech company with over $24 billion in Assets Under Management (AUM), has announced a strategic partnership with Pagaya Technologies Ltd (NASDAQ: PGY), an Artificial Intelligence
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A report on Sep. 7 reveals that global regulators, including the International Monetary Fund (IMF), are working to reduce risks that cryptocurrencies may pose to economic and financial stability. In their evaluation, these regulators argue that many of the advantages of digital assets, such as cheaper and quicker cross-border payments, have
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At the end of the day, many investors feel pressure to know everything about alternative assets, including cryptocurrencies, before pulling the trigger. That is often an unrealistic expectation, given the asset class is nuanced, and wrapping your head around it can be time-consuming. Instead, look to experts – including advisors
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"DLT could improve financial market efficiency, modernize the payment system, and foster financial inclusion," Vincent Gusdorf, head of DeFi and digital asset analytics, said in a press statement shared with CryptoX. "The overall economic and financial effects of technological changes, including the policy and strategic changes they prompt, are likely
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Ethereum co-founder Vitalik Buterin has published a research paper diving into privacy pools systems as a tool to achieve more privacy in financial transactions, allowing users to prove dissociation from illicit funds through zero-knowledge proof technology.The document initially discusses one of the most popular privacy-enhancing protocols, Tornado Cash, which allows
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A trio of researchers from the University of Cincinnati recently developed a Crypto Literacy Scale (CLS) to help standardize and measure economic and financial knowledge as it relates to consumer and policy-maker understanding of cryptocurrencies and related technology.The team’s research paper, titled “Measuring Crypto Literacy,” details the gap between traditional
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The deputy governor of the Spanish national central bank, Margarita Delgado, has spoken about the future of the digital euro and how private payment solutions will interact with it. Speaking in line with the recently proposed digital
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"JFS will consolidate its payment infrastructure, with a ubiquitous offering for both consumers and merchants further driving digital adoption for India," Ambani said. "JFS products will not just compete with current industry benchmarks but also explore pathbreaking features such as blockchain-based platforms and CBDC. They will adhere to the highest
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Hong Kong’s Financial Secretary, Paul Chan Mo-po, touts the potential of web3 and blockchain, envisioning them as catalysts for the city’s next tech-driven growth phase. In the preceding decade, there was a remarkable growth in the realms
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Hong Kong’s Financial Secretary, Paul Chan Mo-po has reiterated his support for blockchain technology, calling it the next wave of "breakthrough growth" in the digital technology industry in a recent blog post.In an Aug. 27 statement, Chan wrote that emerging sectors within Web3 such as NFTs, GameFi, Play-to-Earn gaming, and
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