Victor Trokoudes predicts that the ECB and Fed could implement synchronized rate cuts in 2024 to combat inflation and boost economic activity. ECB’s cautious approach amidst global uncertainties, with potential rate cuts looming, reflects the intertwined nature of fiscal policies, market responses, and labor market resilience in shaping the future economic landscape.
Ugne Buraciene is spearheading Cyprus’ fintech revolution as the Group CEO of payabl. and a key figure in TechIsland, blending financial services and tech aspirations to elevate Cyprus as a digital payment solutions leader and tech hub. Her vision and initiatives are propelling economic progress, global talent attraction, and innovation, positioning Cyprus at the forefront of fintech advancements and technological breakthroughs.
payabl. takes center stage as the Platinum Partner for Reflect Festival 2024, driving fintech innovation and hosting the Money Stage with insights on future finance. The European PayTech powerhouse secures its role at the Kolla Factory venue, set to gather 10,000 participants for discussions on AI, blockchain, and healthtech.
Capital.com, a Cyprusbased fintech company, achieved a remarkable trading milestone in 2023 with client trading volumes hitting $1.2 trillion, marking a significant 53 percent increase from the previous year. This success underscores the company’s growth strategy and innovative technology, positioning it as a leader in the global trading platform landscape.
Quadcode’s recent initiative in Agios Athanasios involves funding the installation of a protective shade at the SKE Kindergarten, creating a safe and sunprotected environment for children to play and learn. This action is part of their Corporate Social Responsibility program, demonstrating their commitment to community support and the wellbeing of future generations.
payabl. is a pioneering PayTech company that aims to redefine the industry by prioritizing customer centricity, fostering partnerships, and introducing payabl.one, a unified platform for merchants. With a focus on innovation, social responsibility, and growth, payabl. is dedicated to propelling the success of merchants within the EU, UK, and beyond.
Praxis Tech is playing a pivotal role in Cyprus’ FinTech transformation by simplifying online payment processing through their unified platform. With a Limassol base, they leverage local talent and competitive costs while maintaining a global reach, showcasing Cyprus’ emergence as a FinTech hub.
In October 2023, government employment in Cyprus increased by 0.5%, reaching a total of 53,554 employees. The Education Service experienced a significant rise in temporary staff, with a 24.2% increase for the academic year 20232024. Meanwhile, the upcoming “Future of Fintech Summit” organized by Forbes Cyprus promises to bring together notable industry figures for engaging talks and discussions. The Cyprus Stock Exchange faced losses, and residents were alerted to heavy rainfall.
