Dear Readers, As you are aware, more than 25 years ago, Mauritius embarked on the road to automation, however since 2016, this Government has placed fintech and digitalisation of financial services high on its agenda. Over and above the palette of new fintech products which are now being regulated by the FSC, Mauritius has also been amongst the first countries to implement a legal framework for Virtual assets through the Virtual Asset and Initial Token Offering Service Provider Act 2022. It is no doubt that Mauritius IFC provides an ideal and flexible ecosystem which can be tapped by international investors…
Author: Wakanda Magazine
Accountancy and finance professionals in fintech With our global strategic alliance partners Chartered Accountants Australia and New Zealand (CA ANZ), we’ve been taking a deep dive into the world of fintech and what it means for the accountancy profession in a new joint report Fintech state-of-play: Opportunities for finance professionals. Technology has always been an essential part of the role of accountancy and finance professionals, but especially more so in the modern digital and artificial intelligence age. We have always welcomed the use of technology and data for and by the accountancy profession. It should be embraced and understood, rather…
THE NEXT ERA OF BLOCKCHAIN TECHNOLOGY Mauritius – a growing Fintech hub Since the early 1990s, the Republic of Mauritius has established itself as an International Financial Centre. The key was to establish a regulatory framework that would enable institutions in the industry to flourish within a clear and define eco-system. Despite globalisation and the increased competitivity in the industry, Mauritius has managed to grow both in terms of its reputation and substance within the Jurisdiction. We now have the reputation of a strong and well-regulated international centre with the ability to compete with jurisdictions such as Singapore. Today marks…
Arrowheads – At the forefront of Mauritian crypto compliance services Arrowheads is a consulting firm which specializes in AML/CFT compliance as a service. We provide advisory, training and audit services to financial institutions and service providers which are required to comply with anti-money laundering laws. We are based in Mauritius, but we target both local and regional clients. We have been in business since 2018 and have serviced all sorts of financial institutions and service providers, including fund managers, investment funds, an investment bank, and of course trust and corporate service providers (or management companies as they are best known…
Over the last few years, the banking and NBFI sectors in Mauritius have experienced enhanced development and innovation regarding the blending of technology and financial services. Fintech and the digital transformation of financial services are changing the way customers access financial products and services day by day. FinTech is a dynamic segment at the node of the financial services and technology sectors where technology-focused start-ups and new market entrants innovate the products and services currently provided by the traditional financial services industry. On the other hand, Virtual Asset Service Providers continue to disrupt and are eyeing opportunities to scale up…
Ishant Ayadassen, founder and CEO of Aya Trades, is a young Mauritian entrepreneur who operates several businesses in the metaverse. Solicited by many when it comes to talking about cryptocurrencies, NFTs, and the metaverse in Mauritius, he has fully embraced and mastered how to be a successful business man in this new era of technology and digital art. In this article, he shares his journey on how he grew several businesses in a virtual world (Lootverse) and he also talks about a passion project that aims at making investing in the U.S. stock market more accessible to Mauritians and Africans…
Blockchain Business Trends provides information and resources to support businesses operating in the blockchain ecosystem. Blockchain Business Trends is a media platform dedicated to delivering information and resources geared toward the blockchain business sector. We currently provide regular updates on Blockchain tech, the Metaverse, cryptocurrency, NFT, Defi, and more. As the space develops, we’ll continue to evolve as we’re dedicated to delivering continued value to the participants in the ecosystem. It’s been 6 months since our launch, and we regularly engage with thought leaders and businesses in the space. We have exceeded our 6-month outreach and connection goals as…
Mauritius is a small country located in the Indian Ocean and has a population of about 1.4 million people. This sets Mauritius as a very interesting location to test our very innovative ideas and projects. As such, Mauritius is primed to be one of the leading blockchain and crypto hubs in the African continent. Is Mauritius gradually becoming a blockchain hub? Mauritius definitely has the ability to become a cryptocurrency hub in the future. In the last few years, cryptocurrencies and the blockchain technology in general have become more prominent and there has been increasing interest in these technologies from…
Mauritius as a FinTech Hub for Africa and beyond… The future of Mauritius as a FinTech hub is a promising one, according to Jessica T. Naga, Founder and Managing Director at Digital Associates Ltd, and Darryl Sim, Group CEO, at Digital Partners Network, with the recent proclamation of the Virtual Asset and Initial Token Offering Services Act. With the FinTech regulatory framework that it is building and its proximity to Africa, Mauritius can grow into an ideal platform to allow FinTech projects related to the continent to thrive. Over the last couple of decades, Mauritius has gradually transformed itself from…
How Gulf Xellence is leading the way as world-class business conference organizer. Gulf Xellence acts as a launchpad for long-term associations that progresses through disruptive business strategies and makes companies incubation centers of innovation. Gulf Xellence is one-of-kind organisation that successfully organizes result-proven business conferences for participating members. With the world resuming the usual track, post covid and geopolitical crisis, the need to conduct a cohesive environment is skyrocketing. Although online modes have emerged during the crisis, high-level business meetings need to break from the convenience of home and come to the front for one-to-one interactions. Gulf Xellence was established over…