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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

Coinbase drops lending program due to SEC's lawsuit threat

Coinbase dropped its plan to launch a lending program after the US Securities and Exchange Commission (SEC) threatened it with a lawsuit The Nasdaq-listed cryptocurrency exchange said that as it continues to seek...

Nike retains top spot among most marketable sports brands for 2021

US sportswear giant Nike has retained the top spot in SportsPros list of the Worlds 50 Most Marketable (50MM) brands, holding off challenges by rival sportswear brand and second-placer Adidas, Emirates, Santander, and Red...

Michael Jordan raises stake, assumes adviser role in sports gambling firm Sportradar

NBA legend Michael Jordan will increase his investment in Sportradar Group AG, the leading global provider of sports betting and entertainment products and services, and will serve as a special adviser to the companys...

UK industry group warns CO2 crisis poses a risk of meat shortage

An industry group has warned of carbon dioxide (CO2) shortage in the UK within the week due to a sharp rise in gas prices that could result in meat supply issues. The gas price hie has forced domestic energy suppliers...

Cargill to pay farmers $20 per metric ton of carbon emissions reduced

Cargill is planning to pay farmers $20 per metric ton of carbon emissions they reduce through regenerative agricultural practices. The company intends to pass the green credits on to its customers. The Cargill...

Politics

Nancy Pelosi, G7 Speakers visit 'Coronation Street' set following summit

US House Speaker Nancy Pelosi was among her fellow presiding officers in the G7 in attendance at the summit in the United Kingdom. Following the summit, the group was shown around the set of the popular British tv series...

Joe Biden: Former Israeli PM Benjamin Netanyahu mocks widely debunked manipulated video of POTUS

A manipulated video showing US President Joe Biden seemingly falling asleep during his meeting with the new Israeli Prime Minister Naftali Bennett made the rounds on right-wing social media. The manipulated video also...

Capitol insurrection: Former aide to Mike Pence says ex-VP is as responsible for the political violence

Former vice president Mike Pence was among the individuals being targeted by the pro-Trump mob that stormed the Capitol last January 6. However, despite Pences inevitable refusal to overturn the electoral results, Pences...

Kamala Harris to appear on 'The View' this week

This week, Vice President Kamala Harris will be making another stop by the popular daytime talk show, The View. Harris will be making her first appearance on the show as vice president on Friday. Harris will be...

Science

S. Korea's POSCO, Hyundai to use oyster shell waste for steelmaking

S. Korean steelmakers POSCO and Hyundai Steel Co. will start using oyster shells as a secondary base material for producing steel. Both firms have been developing a recycling technology with a local oyster shell...

S. Korea to develop solar-powered drone that could carry 20 kg to stratosphere

South Korea will invest 37.47 billion won in developing a solar-powered drone that could carry over 20 kilograms in the stratosphere and with natural disaster monitoring capability by 2025. The drone will serve as an...

S. Korean scientists develop 3D printing ink from sunflower pollen

A group of South Korean scientists from Nanyang Technological University in Singapore managed to develop 3D printing ink material from sunflower pollen. The research team led by professor Cho Nam-joon first incubated...

Kumho Petrochemical to produce eco-friendly rubber compound out of rice bran

Kumho Petrochemical Co. will produce an eco-friendly synthetic rubber compound made of rice bran-based bio-silica. Silica improves fuel efficiency, braking power, and wear resistance of synthetic rubber for...

From CRISPR to glowing proteins to optogenetics – scientists' most powerful technologies have been borrowed from nature

Watson and Crick, Schrdinger and Einstein all made theoretical breakthroughs that have changed the worlds understanding of science. Today big, game-changing ideas are less common. New and improved techniques are the...

Technology

Telegram update introduces new themes for private chats

The latest update on Telegram appears to be focused on giving users more options to customize their chats. People can now apply new themes to private chats, as well as use animated emojis and enable read receipts for group...

OnePlus 9T will not be released this year

To those waiting for the OnePlus 9T, it is time to reconsider their smartphone upgrade plans. The company recently announced the device is not in the pipeline. For years, OnePlus has had two major smartphone launch...

Google Pixel foldable phone codenamed ‘Passport’ will reportedly launch in late 2021

Talks about Googles rumored foldable smartphone have been renewed recently after a couple of potential clues surfaced online. Now, a long-time renowned leaker has weighed in, reporting that a device codenamed Passport is...

‘League of Legends’ will have heavier punishments for repeat ‘leavers’ and AFK offenders

Abruptly leaving a match or moving away from the keyboard (AFK) could affect other players, especially in online multiplayer games like League of Legends. So for repeat offenders, Riot Games confirmed it is planning to...

Samsung Galaxy S22 benchmark test hints at the use of Snapdragon 898 SoC

A Geekbench test result reportedly done for a device believed to be Samsung Galaxy S22 has appeared in the wild. And it could be one of the earliest confirmations that it will be powered by the upcoming Snapdragon 898 SoC,...
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