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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

S. Korea's ICT exports soar 32.6% in April

South Koreas exports of information and communication technology (ICT) products were estimated at US$17.06 billion in April, rising 32.6 percent from a year earlier. It was the sharpest rise since April 2010 and marked...

AT&T's WarnerMedia and Discovery explore possible merger to better compete with Netflix, Disney

ATT and Discovery Communications are reportedly in advanced talks about combining streaming content that would make them better equipped to compete with Netflix and Disney. ATT only completed its acquisition of...

SpaceX slapped with $20M lawsuit for Texas car accident

SpaceX was reportedly sued by a family in Texas, claiming that the aerospace company founded by Elon Musk has a role in the death of a family member. They have filed for a $20 million suit, the amount which the plaintiffs...

Google under investigation for Android Auto restrictions in S. Korea

Google is said to be facing an investigation by antitrust regulators in South Korea. The probe was sparked by allegations that the American tech company is not allowing some applications obtained from other app stores to...

AT&T, Discovery close to sealing a deal that will combine their media assets

ATT is reportedly in discussion with Discovery Inc. for a possible merging of their media content assets. The proposed deal, if sealed, is predicted to create an entertainment company that can compete with the streaming...

Politics

Donald Trump called out by Arizona GOP election official over statement regarding audit

Former President Donald Trump is keeping tabs on the ongoing GOP-controlled election audit in Arizona, perhaps looking to see if the states results could be overturned in his favor. However, following his statement about...

Kamala Harris celebrates stepdaughter Ella Emhoff's college graduation

While the world may know Vice President Kamala Harris by her political position, to her family, she is also known as Momala. Harris took to social media to congratulate her stepdaughter, model Ella Emhoff following her...

Nancy Pelosi rips into House Republicans for denying the occurrence of Jan. 6 insurrection

Both chambers of the House and the Senate are still reeling from the aftermath of the Capitol insurrection last January 6. House Speaker Nancy Pelosi recently ripped into their Republican counterparts in Congress for their...

Joe Biden pays tribute to law enforcement in Peace Officers Memorial Day statement

This weekend celebrates Peace Officers Memorial Day, and President Joe Biden released a statement commemorating the occasion. Biden thanked law enforcement officers who have lost their lives in the line of duty. The...

Science

Space tourism – 20 years in the making – is finally ready for launch

For most people, getting to the stars is nothing more than a dream. On April 28, 2001, Dennis Tito achieved that lifelong goal but he wasnt a typical astronaut. Tito, a wealthy businessman, paid US$20 million for a seat...

From making wine to managing mine waste, clay is important for many industries

The discovery and use of clays dates back to 30,000 years ago, making clays one of the oldest materials used in society. Clays are naturally occurring materials that were first used to make pottery and are now used...

One incredible ocean crossing may have made human evolution possible

Humans evolved in Africa, along with chimpanzees, gorillas and monkeys. But primates themselves appear to have evolved elsewhere likely in Asia before colonising Africa. At the time, around 50 million years ago, Africa...

Inside the world of tiny phytoplankton – microscopic algae that provide most of our oxygen

Phytoplankton are microscopic algae living throughout the oceans surface waters. They cant swim and are at the mercy of the currents and tides. Despite their small size, phytoplankton enable life in the oceans and...

First human-monkey embryos created – a small step towards a huge ethical problem

Scientists have created the worlds first monkey embryos containing human cells in an attempt to investigate how the two types of cell develop alongside each other. The embryos, which were derived from a macaque and then...

Technology

Samsung Galaxy A22 expected with design changes and less than $200 pricing for 5G device

While most Android fans are looking forward to the release of Googles mid-range phone, Pixel 5a, Samsung might have one more affordable option to offer. The South Korean tech giant is anticipated to announce the Galaxy A22...

‘Elden Ring’ is not expected to appear at E3 2021

Elden Ring is likely one of the most anticipated games to be presented in the upcoming E3 trade show. With Bandai Namco confirmed to have an event during E3 next month, it seems more possible for a new trailer to be...

More ‘Starfield’ leaks don’t mean it is launching this year

Starfield is back in the headlines over the last few days after a slew of newly leaked photos has appeared online. However, the new leaks do not seem to indicate that the game is launching soon. More Starfield photos...

Android 12 leaks appear a few days before Google I/O 2021

This years major update for the Android mobile operating system is expected to be the main attraction at the upcoming Google I/O. However, a new leak may have revealed how the Android 12 will change some of the systems...

Nokia 2720 Flip launches in the US on May 20

Despite the advanced technologies that are now available on the latest premium smartphones, some people might want to revisit some classic, simpler devices. Luckily for consumers in the United States, the Nokia 2720 flip...
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