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SPRINGFIELD MassMutual and a group of corporations and educational institutions, including the University of Massachusetts and Worcester Polytechnic Institute, are joining together to grow the state’s financial technology industry. MassMutual announced the formal start of the Mass Mass Fintech Hub this week. The company said the effort is being led by two co-chairs: Mike Kennealy, secretary . ....
The government’s interdepartmental Fintech Working Group (IFWG) has announced the launch of ‘Project Khokha 2’ which aims to explore the use of tokenized money, blockchains, and digital currency in South Africa. This follows the group’s Project Khokha 1 test which looked at using blockchain technology to speed up payment systems in the country. The IFWG said it will further investigate the use of Distributed Ledger Technology (DLT) in the country’s financial sector. Project Khokha 2 is a continuation of the structured analysis of the impact of DLT on financial markets – both benefits and risks – by gaining practical experience through experimental trials with industry, the group said in a statement. ....
To print this article, all you need is to be registered or login on Mondaq.com. In 2020, there were numerous changes to regulation of the insurance sector in Canada, both in response to COVID-19 and in keeping with regulators long-term plans. This article provides a recap of some of the major changes that insurance companies and other industry participants should keep in mind in 2021. 1. REGULATORY CHANGES Saskatchewan s New Insurance Legislation The Insurance Act (Saskatchewan) and its regulations came into force on January 1, 2020. The new Act created new licensing categories, new rules regarding fair and unfair practices, and rules regarding self-evaluative audits. ....