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PayPal announces support for passkeys on Apple devices, launching first for US customers

Oct 25, 2022 07:53 am UTC| Technology Business Fintech

Apple and other tech companies are pushing for passkeys to replace traditional passwords for enhanced security, and PayPal confirmed on Monday it is embracing the technology as well. The fintech giant announced it would...

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...

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Economy

Fried chicken stores enjoy spike in sales on day of S. Korea’s first Wprld Cup match

Sales by fried chicken franchises increased by as much as 200 percent on the day of South Koreas first football match at the 2022 Qatar World Cup. The BHC Group reported a 200-percent sales jump from the previous month,...

Sandbox Network announces restructuring plans to recover losses and grow the company

Sandbox Network, the South Korea-based digital entertainment company that provides multi-channel network services for digital content, announced its corporate restructuring plans for the company to survive. Sandbox...

NCSoft’s ‘Lineage’ game franchise reaches new milestone by hitting $10B sales since launch

NCSoft Corp., the South Korean video game developer and publisher headquartered in Pangyo, Seongnam, revealed it has achieved a new milestone since the company was established. The company said that it has been 24 years...

LG CNS’ AI English learning app rebranded as ‘Buttertime’

LG CNS has rebranded its artificial intelligence (AI) based English education app that can predict TOEIC and OPIC test scores. The information technology subsidiary of the LG Group is now calling the said language learning...

Striking cargo truckers reveal failed talks, Korean industrial businesses put to a halt

Thousands of truckers in South Korea are on strike, and on Monday, Nov. 28, the group and government officials held a 2-hour meeting. Unfortunately, the two camps were not able to reach an agreement, and a threat of...

Politics

Russia-Ukraine war: US considers sending 100-mile strike weapons to Ukraine

The US Pentagon is considering a proposal by defense manufacturer Boeing to send strike weapons that could reach behind Russian lines to Ukraine. The proposal comes amidst the increasing need for more sophisticated weapons...

US Supreme Court to hear 2016 New York corruption cases

The United States Supreme Court is set to hear two cases dating back to 2016 that could make it difficult to pursue public corruption prosecutions. The eventual rulings would affect the three people charged in corruption...

US talks with Russia on Griner, Whelan release ongoing, says diplomat

The talks between Washington and Moscow over securing the release of detained American nationals Brittney Griner and Paul Whelan are still ongoing, according to a diplomat. Despite ongoing negotiations, the US says Russia...

Iran rejects UN probe into protests

Iran rejected the United Nations investigation into the ongoing protests taking place across the country. Officials said Tehran does not intend to cooperate with the UNs fact-finding probe citing the political nature of...

Science

S. Korean scientists detect antibiotic material in spider venom using AI

South Korean scientists have developed an artificial intelligence (AI)-based peptide detection model that can predict the antibiotic functionality of peptides antibiotic for hay bacillus, colon bacillus, staphylococcus...

Scientists test mRNA technology for universal flu vaccine

An experimental vaccine was found to potentially open a pathway to a universal flu shot that might help prevent future pandemics, according to a US study. In initial tests in mice and ferrets, the two-dos vaccine...

Unilever explores the use of “cow-free” ingredients for ice creams

Unilever has begun looking at utilizing precision fermentation technology to create cow-free dairy products or use them within its ice cream portfolio A spokesperson for Unilever said that the companys RD team is in...

S. Korean researchers develop wearable OLED that can cure jaundice in infants

Researchers from the Korea Advanced Institute of Science and Technology (KAIST) have developed a wearable green organic light-emitting diode (OLED) with a 470-nanometer (nm) wavelength that can cure jaundice in...

It was the first time scientists confirmed that nitrous oxide increases if nitrogenous fertilizers are used excessively for rice farming.

The excessive use of nitrogenous fertilizers for rice farming results in a sharp increase in the emission of nitrous oxide, the major greenhouse gas contributor, according to study by the Gyeonggi-do Agricultural Research ...

Technology

Twitter is rolling out Blue, Gold, and Grey verification plans after suspending Twitter Blue

Twitter announced it may debut its new verification plans soon. Based on the account type, Elon Musk said they would roll out the blue, gold, and gray badges for platform users. The Twitter chief executive officer said...

CD Projekt considers more TV series adaptations following ‘Cyberpunk: Edgerunners’ success

Many video game fans might agree that Cyberpunk 2077 has already had its redemption, especially after its latest major update that coincided with the release of the Netflix anime adaptation Cyberpunk: Edgerunners. Now,...

Xiaomi 13 release date: Company confirms launch event this week for the flagship series and MIUI 14

Smartphone makers are in a race to unveil new flagship devices powered by a next-generation chip from Qualcomm. And Xiaomi confirmed that its Xiaomi 13 lineup, likely to include Snapdragon 8 Gen 2, will be launched this...

‘Gran Turismo’ PC port is possible but not without some compromises, series creator confirms

Sony has made it clear that more of its first-party games for PlayStation will be released to PC, and that could include Gran Turismo. Kazunori Yamauchi, the creator of the racing sim series, confirmed the possibility of...

‘Call of Duty: Modern Warfare II’ is getting a spin-off campaign about Ghost, leaker claims

Infinity Ward is reportedly developing a Call of Duty: Modern Warfare II spin-off campaign focused on the fan-favorite character Simon Ghost Riley. But it might not be an entirely standalone premium game. Leaker...
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