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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

Ford dismisses ITC's criticism over SK deal for not being based on hearing

Ford Motor Co on Friday dismissed criticism from the U.S. International Trade Commission for not being based on a public interest hearing, noting that it committed to SK Innovations battery programs before any misconduct...

US, EU agree on 4-month tariff freeze in aircraft dispute

The EU and the US agreed on a four-month suspension on tariffs imposed on billions of dollars of imports to ease the burden on industry and workers and focus on conflict resolution. The suspension will cover all US...

China barred the import of pineapples from Taiwan

China banned the imports of pineapple, and the order came into effect earlier this week. Beijing announced that the tropical fruit could not enter the country, and Taiwan assumed that this is a political move. Taiwans...

Sinclair Broadcasting Group is laying off hundreds of workers soon

Sinclair Broadcasting Group announced this week that it would be laying off hundreds of workers soon. The company said it was left with no choice but to dismiss a percentage of its workforce as the business was affected by...

US suppliers to China's SMIC face licensing woes

The US has been slow to approve licenses for American companies to sell chipmaking equipment to Chinas Semiconductor Manufacturing International Corp (SMIC), with an estimated $5 billion worth of parts and components...

Politics

Joe Biden COVID-19 response: POTUS says there is enough vaccine for all adults until May

With the Biden administration already ramping up efforts to make sure everyone is vaccinated, President Joe Biden brought more good news for adults across the country. Biden announced that there would be enough vaccines...

Barack Obama: New book claims ex-POTUS initially did not want to endorse Joe Biden

While former President Barack Obama is known for having a very close friendship with his then-vice president Joe Biden, a new book claims that their friendship did not extend to a campaign endorsement. The book claims that...

Kamala Harris reaffirms US-Australia ties in call with Prime Minister Scott Morrison

Vice President Kamala Harris is reaching out to world leaders as part of the Biden-Harris administrations plan to re-engage with allies. Harris recently reaffirmed the US alliance with Australia with its Prime Minister...

Donald Trump investigation: House Oversight Committee issues subpoena to ex-POTUS' accounting firm again

The Manhattan prosecutors are not the only ones who want to look into the financial records of former President Donald Trump. It appears the House is also keen on looking into Trumps records as its oversight committee has...

Science

Transparent wood is coming, and it could make an energy-efficient alternative to glass

Wood is an ancient material humans have been using for millions of years, for the construction of housing, ships and as a source of fuel for burning. Its also a renewable source, and one way to capture excess carbon...

Pigs can play video games, scientists discover

Pigs might not be able to fly, but they can play video games. In a new study, researchers from Purdue University in Indiana, US have shown that pigs can use a digital screen and joystick, operated by their snout, to move a...

Einsteinium: 100 years after Einstein's Nobel Prize, researchers reveal chemical secrets of element that bears his name

A century ago, an upstart German physicist by the name of Albert Einstein turned the scientific world on its head with his discovery of the photoelectric effect, which proved light to be both a particle and a wave. Awarded...

New CRISPR technology could revolutionise gene therapy, offering new hope to people with genetic diseases

The day a muddled mob stormed the US Capitol building, a team of American researchers published a paper in Nature that signified a landmark in gene therapy. The head of the US National Institutes of Health, Francis...

In the rush for coronavirus information, unreviewed scientific papers are being publicized

COVID-19 has not only upended our personal lives, it has dramatically changed scientific research. In response to the rapid spread of the virus, scientists around the world have had to find new ways to collaborate and...

Technology

Leaker says ‘Elden Ring’ will feature PvP and online multiplayer

With internal videos of Elden Ring appearing online recently, more information leak has now come to light about its gameplay. FromSoftwares next project is now shaping up to be an important IP as it is expected to combine...

OnePlus Nord 2 could feature MediaTek Dimensity 1200

OnePlus attempt at launching mid-range smartphones last year was well-received and the company appears to be working on the next OnePlus Nord. It is rumored to launch in the coming months with one significant change in its...

MacBook and iPad models in 2022 could sport OLED panels

Apple marked a significant development in its iPhone line last year after launching the first series with OLED, or organic light-emitting diode, as the standard panel. The company is reportedly not stopping at iPhone as it...

Realme GT 5G is powered by Snapdragon 888 for less than $500

Most smartphones powered by the new Qualcomm Snapdragon 888 chipset are expected to come with high prices, but that is not the case for Realme GT 5G. For less than $500, the device will allow its users to experience the...

WhatsApp desktop audio and video calls are now live

WhatsApp has introduced a much-requested feature among users who often use its desktop services. The option to make audio and video calls through Windows and Mac computers went live Thursday, but there is one major...
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