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How fintech can help Indonesia's small and medium enterprises survive the COVID-19 pandemic

Nov 08, 2020 11:07 am UTC| Technology Fintech

In Indonesia Southeast Asias largest economy small and medium enterprises (SMEs) contribute to around 60% percent of the nations economy and absorb 97% of its domestic workforce. However, while there are more than 60...

Microfinance loans could spell disaster in the time of coronavirus

Jul 22, 2020 12:26 pm UTC| Fintech Economy

When the Nobel Peace Prize was awarded to Bangladeshi economist Muhammad Yunus in 2006 for his concept of microfinance, it brought what began as a local policy experiment in the 1970s to global attention. Microfinance...

South African banks need to do more to ensure financial inclusion

Jul 02, 2020 15:11 pm UTC| Economy Fintech

An analysis of financial inclusion in South Africa shows that affordability limits poor households access to formal financial services. In our study, which looked at peoples use of financial goods and services between 2008...

The price of AI art: Has the bubble burst?

Jan 07, 2020 15:33 pm UTC| Insights & Views Fintech

Last fall, an AI-generated portrait rocked the art world selling for a staggering US$432,500 at Christies auction house in New York. The portrait called Edmond de Belamy features a slightly out-of-focus man with no nose...

Blockchain Revolution Series

Digital Currency Revolution

Iran works on national blockchain platform and cryptocurrency

Aug 28, 2018 03:31 am UTC| Digital Currency Fintech

Iran is developing a national blockchain platform which will enable the country to build a money transfer network with its allies, an official at the Central Bank of Iran was recently quoted saying. Speaking during a...

Blockchain Revolution Series

BankSign: Samsung SDS announces blockchain-based co-verification platform for banks

Aug 27, 2018 10:58 am UTC| Digital Currency Fintech

Samsung SDS, an IT subsidiary of South Korean tech giant Samsung Group, has developed a blockchain-based certification system, Yonhap News Agency reported. Dubbed BankSign, the platform has been set up in collaboration...

Blockchain Revolution Series

Reserve Bank of India sets up new blockchain and AI-focused unit

Aug 27, 2018 05:37 am UTC| Digital Currency Fintech

The Reserve Bank of India (RBI) has set up a new unit to ramp up its efforts in the area of blockchain technology and artificial intelligence, according to The Economic Times. Sources familiar with the latest...

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Economy

UK inks stopgap trade deal with Canada to get ready for Brexit

The UK signed a stopgap agreement with Canada, allowing trade between the two countries to continue under the same terms as Canadas existing treaty with the EU. The two countries are working on a new bilateral...

UN agency's heavy fuel oil ban in Arctic criticized as outrageous

The Clean Arctic Alliance criticized as outrageous the UN agency International Maritime Organizations (IMO) ban on the use and carriage of heavy oil fuel (HFO) by ships in Arctic waters as it would come into effect only in...

Vietnam only Southeast Asian country poised for economic growth this year: IMF

Vietnam is the only Southeast Asian country identified by the International Monetary Fund (IMF) to be on track for economic growth this year, forecast at 2.4 percent. The IMF attributed the countrys decisive steps to...

S. Korea card spending up 6.3% during November shopping festival

Card spending in South Korea on Nov. 1 to 15 when the annual nationwide shopping festival FESTA was held amounted to 37.4 trillion won, rising 6.3 percent from a year earlier. The shopping festival drew a total of 1,784...

US to add 4 more in list of Chinese military-backed firms

The Trump administration is poised to designate four more Chinese companies as backed by its countrys military, curbing their access to US investors. The designations would increase the number in the list of Communist...

Politics

Ivanka Trump and Jared Kushner shunned from New York: Report

Ivanka Trump and Jared Kushner were told not to return to New York where they originally reside prior to Donald Trumps win in the presidential election in 2016. It was reported that analysts predicted the couple is no...

Joe Biden win in Georgia certified by governor and secretary of state

During the recent presidential elections, the state of Georgia was flipped to blue with Joe Biden garnering more votes than Donald Trump. Despite Trumps desperate attempts to overturn the election in his favor, Georgias...

Donald Trump defends US withdrawal from Paris Climate Accords at G20 Summit

With less than two months left in office, Donald Trump has rarely been seen in public following his election loss to Joe Biden and refusal to concede. Trump recently reiterated his reasons for withdrawing the US from the...

Melania Trump unveils a sculpture installation at the White House

With her time as first lady coming to an end by January, first lady Melania Trump is making more additions to the White House. Melania recently unveiled a sculpture installation in the revamped Rose Garden. The first...

Science

NASA discovery: Hubble Space Telescope captures 'cinnamon bun' shaped galaxy 31 million light-years away

Galaxies tend to look very similar to one another but only vary in size. NASA and ESAs Hubble Space Telescope has captured one galaxy that has an unusual shape 31 million light-years away. The Hubble found an...

Mars mission: Elon Musk says first settlers on Red Planet will live in glass domes

One of the goals when it comes to the upcoming Mars missions is to colonize the neighboring planet. SpaceX CEO Elon Musk recently stated that those who would become the first settlers on the red planet would have to live...

NASA discovery: Origins of Blue Ring Nebula finally uncovered

Certain phenomena in space tend to go unanswered for a while and it can stay unsolved, at least it could be said for the Blue Ring Nebula. However, NASA was able to solve its origins after 16 years of remaining a...

COVID-19 cure: Mouthwash may kill coronavirus in saliva, according to new study

To this day there has yet to be a cure that is made widely available all over the world as firms are still undergoing more tests for a possible cure or vaccine for COVID-19. While frequent hand washing is key to prevent...

Technology

‘Assassin’s Creed Valhalla’: What are the crafting materials and where to find them

Assassins Creed Valhalla is one of the most anticipated games of the year, and it was finally released this month. While some avid gamers may have already achieved significant progress in the game, some might still need...

OnePlus 9 release date is reportedly set for March 2021

The first round of leaks for the OnePlus 9 series emerged online recently showing that a major redesign on its rear cameras could be anticipated. Meanwhile, OnePlus is also reportedly eyeing a much earlier release date for...

Huawei HarmonyOS 2.0 could be compatible with close to 50 devices

Huaweis HarmonyOS, also known as the Hongmeng operating system, is expected to launch on smartphones in the future. While a clear timeline is not available at this point, a supposed list of eligible devices has emerged...

‘Nioh’ remastered release date is confirmed with free upgrades on PlayStation 5

It is not a surprise that a game series such as Nioh is getting a remastered release on PlayStation 5, especially since the original versions were not available on other consoles except PS4. However, fans will still be...

iPhone 13 devices could have battery-efficient LTPO display making 120Hz refresh rate more likely

If there was one feature that Apple fans wished to see in the iPhone 12 series, it was the adoption of a 120Hz refresh rate for the display. While that did not happen in 2020, recent reports on possible iPhone 13 specs...
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