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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

Amazon seeks to invest in SK Telecom's non-telecom operations

Amazon is in negotiations with South Koreas SK Telecom Co. to invest in the mobile carriers non-telecom operations unit SK Square, a to be hived off next month. Amazon, the worlds largest online retailer, collaborated...

S. Korean researchers develop process that uses agri-waste to produce biofuels, plastics

The Korea Institute of Energy Research (KIER) had developed an enzymatic process that uses agricultural waste to produce the 4-hydroxy valeric acid--an ingredient for biofuels and plastics. The KIERs enzymatic process...

France bans plastic fruit and vegetables packaging in implementing anti-waste law

France will ban plastic packaging for around 30 fruits and vegetables from January 2022 as part of efforts to implement an anti-waste law that supports the countrys transition to a circular economy. The list of fruits...

Plymouth Gin redesigns bottles to eliminate 60 tons of CO2 each year

Plymouth Gin will now be stored in a new bottle that saves 60 tons of carbon dioxide emissions each year by eliminating all single-use plastic and reducing the overall weight by 15 percent. The new bottle will roll out...

McDonald’s testing its plant-based McPlant burger in the US

McDonalds is set to test its McPlant burgers in the U.S. after a successful trial in the U.K. The new plant-based menu item was made by Beyond Meat for the restaurant chain. It was reported that McDonalds McPlant burger...

Politics

Capitol insurrection: House Committee subpoenas former Trump DOJ Assistant AG

The bipartisan committee investigating the Capitol insurrection is looking to gather more former Trump administration officials to testify regarding the efforts made by the twice-impeached former president to overturn the...

Nancy Pelosi says proposal to give Treasury authority to raise debt limit 'has merit'

Following a scramble among Democratic lawmakers to raise the debt limit a few weeks ago, Democratic lawmakers are developing an interest in getting rid of the debt limit in its current state. House Speaker Nancy Pelosi...

South China Sea: Expert warns China may start 'next global conflict' should Taiwan fall

Chinas increasing aggression towards Taiwan and the South China Sea has sparked fears of possible military conflict. An expert has since warned that the next worldwide conflict may start if China succeeds in taking control...

Capitol insurrection: Former DOJ acting attorney general testified before House Committee

The House committee investigating the Capitol insurrection of January 6 has looked to get testimonies from former Trump administration officials, especially surrounding the twice-impeached Republican presidents final weeks...

Science

France probes Nestlé, 100 other firms over bisphenol-A use

The French government is investigating 101 companies, including Nestlé, for not disclosing their use of bisphenol-A in food packaging. In its statement of objections, Frances competition authority accused the 101...

Kansai found to have more genetically predisposed coffee lovers than elsewhere in Japan

Tokyo-based genome data analysis firm Euglena found that those with rs671 genotypes of ALDH2 are more predisposed to liking coffee and more prevalent in people from the Kansai area than other parts of Japan. Euglena...

S. Korean researchers develop eco-friendly fertilizer tech using greenhouse gases

A Kyung Hee University research team had developed a new eco-friendly technology that can turn methanol generated in livestock and agricultural areas into a hormone that promotes plant growth and rooting. The technology...

S. Korean researchers to limit carbon emissions during battery manufacturing

The Korea Institute of Energy Research (KIER) will invest 11.4 billion won in developing a solvent-free process that does not emit carbon dioxide in electrode manufacturing for lithium-ion batteries. The process...

S. Korean scientists develop device that produces electricity via clothes friction, provides storage

The Korea Electrotechnology Research Institute (KERI) has developed a device that allows clothes and shoes to produce electricity using their frictional forces and to store it. The device has a self-charging...

Technology

‘Genshin Impact’ players might get Arataki Itto in version 2.3

The latest major update to Genshin Impact was just released recently, but it is understandable if many fans are already looking forward to the games next version. Developer miHoYo unveiled a couple of upcoming characters,...

MacBook Pro specs and upgrades that could be announced on October 18

Apple recently announced a launch event happening next week. While the company did not give any hint as to what products will be announced, most Apple fans are guessing it would be the new MacBook Pros. Unsurprisingly,...

Sony launches registration page for PS5 reservations

There is still an immense shortage of PS5 consoles worldwide, especially in the United States. However, Sony hopes to make PS5 reservations a little easier now that the holiday season is approaching. A new landing page...

Poco M4 Pro gets FCC certification

Xiaomi appears to be gearing up to release another smartphone that could enter the market soon. The Poco M4 Pro was recently spotted getting a certification from the Federal Communications Commission (FCC). The tech...
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