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The Malta Financial Services Authority has recently launched a consultation paper highlighting its vision for the coming years. Labelled as MFSA's Vision 2021 it outlines the authority’s aim to strengthen its processes and paving the way for the future of the financial services industry. Concurrently, the MFSA also launched a consultation document on the MFSA's FinTech strategy, proposing the introduction of a regulatory sandbox and innovation hub.

Only around half of businesses have a clear strategy and business case for enhanced digital transformation within the finance function. Is your organisation ready to make better business decisions?

Many predict that DLT is reinventing and transforming key industries and creating new business models, making every transaction transparent, democratic, decentralized, efficient and secure. The belief in blockchain’s potential is so widespread that financial and tech entities have invested an estimate of $1.4 billion in 2016, which is expected to go up to $2.1 billion in 2018.

Monday 22 October 2018 marks the presentation of the 2019 budget of this government aimed at stimulating economic growth, reducing government debt and delivering a budget surplus year on year.

Cryptocurrency is digital or ‘virtual’ money, which uses cryptography to secure its transactions, to control the creation of additional currency units, and to verify the transfer of assets. Cryptography itself describes the process by which codes are written or generated to allow information to be kept secret.

Despite Malta’s size and limited resources, Malta has been determined to be at the forefront of the blockchain technology, providing a regulated and tech-friendly framework for the blockchain and fintech industry. This has ensured a constant and ever-growing interest by international businesses and start-ups who are looking at investing in this sector, including the likes of Binance, OKex, Tron and BigOne.

The first of their kind in the world, three bills have come into force in Malta governing cryptocurrencies, blockchain and distributed ledger technology (DLT). The bills include the Malta Digital Innovation Authority Act which will bring about the establishment of the Malta Digital Innovation Authority as a driving regulator of the industry, as well as the Innovative Technological Arrangement and Services Act and the Virtual Financial Asset Act.

How about €30,000 to finance your great business idea? The PowerUp! competition offers a €30,000 cash prize to European startups with a focus on energy, mobility, cleantech & cybersecurity projects.

The IFSP conference took place today at Xara Lodge with an exceptional attendance from Malta’s leading financial services industry players. Running with the theme efficiency and innovation.

Grant Thornton has recently confirmed its support and attendance at the forthcoming Nextgen Payments Forum - the ultimate gathering for senior executives involved in financial transactions and digital payments operations.

On 25 may 2018 the European Union's new data protection law comes into effect, it will govern all businesses operating within the union and embed a more consistent approach to data protection.

Blockchain.com CEO and founder Peter Smith has recently stated that within 24 months we will see the emergence of a government-backed digital currency.

Exploiting the full potential of Blockchain requires a solid technology infrastructure, along with the necessary skills to set it up, maintain and operate it.