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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

Oil price reaches highest level since March due to promising vaccine, Biden transition

Oil surged to $47 a barrel Tuesday, its highest level since in March on Tuesday, due to AstraZenecas promising coronavirus vaccine that spurred demand recovery hopes and US President-elect Joe Bidens transition to the...

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

Taiwanese MIB and M2 money supply continued to record solid growth in the month of October. On a year-on-year basis, MIB money supply grew 12.85 percent, while M2 money supply rose 7.05 percent in the month. This is the...

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...

Politics

Ivanka Trump pokes fun at husband Jared Kushner's date night suggestion

First daughter and White House adviser Ivanka Trump and her husband Jared Kushner and their future after their stint in the White House have been heavily speculated as of late. Prior to her father becoming president years...

Joe Biden Cabinet: POTUS-elect weighs in on possibility of Bernie Sanders, Elizabeth Warren taking Cabinet positions

During his campaign trail, president-elect Joe Biden has often touted uniting with his former Democratic rivals, a strategy that helped him win the presidency and the popular vote. As Biden prepares to appoint people to...

World War 3: Experts say Joe Biden's plan to reaffirm US relations with South Korea could help prevent conflict with North Korea

Relations between the US and South Korea have somehow hit a slight setback when Donald Trump was criticized for failing to make North Korea sign an agreement to reduce its nuclear arsenal. However, that may be repaired,...

Donald Trump grants pardon to Michael Flynn

With less than two months left as president, Donald Trump is spending his last Thanksgiving holiday as Commander-in-Chief at the White House. As well as spending the holiday in the executive residence, Trump has also...

Science

Reincarnation: Top NASA scientist believed there is scientific proof of life after death

One of the biggest mysteries in life is the concept of the afterlife, something that could only be viewed in a more spiritual sense than scientific. However, one top NASA scientist believed that there is scientific...

Climate change warning: Antarctica's ice sheet may become unstable if global warming continues

The whole world may be suffering from climate change, but the icy region of Antarctica is among the worst-hit. As the ice has already melted at a concerning rate, scientists have warned that the ice sheet of the continent...

NASA discovery: Cassini probe detects elements for life in Saturn's moon Enceladus

There are certain places in our planetary neighborhood that scientists believe can host life or may have hosted life. One of those places, as NASA has discovered, might be Saturns moon Enceladus. Seen in the Discovery...

NASA news: Agency tests new solar thermal propulsion system for future launches

Agencies like NASA are already exploring possibilities in faster space travel including ways to launch satellites or probes into space. Recently, NASA is already testing out a new kind of propulsion system for launching...

Technology

AirPods 3 could be launched in H1 2021, Ming-Chi Kuo predicts

It has been more than a year since the second generation of the entry-level AirPods was released, and its successor is expected to arrive next year. While the AirPods 3 is anticipated to sport a new form factor, it is a...

iOS 15 might no longer support three iPhone models in 2021

It has only been a few months since the iOS 14 update was released, but the potential list of compatible devices with iOS 15 already emerged online. Apple could ditch at least three devices next year, according to the...

iPad Pro 2021 might not have OLED displays yet

An article got Apple fans excited this week as it mentioned the preparations for OLED adoption have begun for iPad Pro models arriving in 2021. However, major display suppliers Samsung and LG Display, have reportedly...

‘Cyberpunk 2077’ will let players avoid nudity, developer confirms

It is already a known fact that Cyberpunk 2077 is a game not made for the younger audience. However, a developer also confirmed that players will have an option to avoid nudity once the RPG is out. Cyberpunk 2077...
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