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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

Microsoft invests in GM's self-driving car company

GM-owned self-driving firm Cruise pushed its total value to $30 billion with Microsofts participation in a $2 billion equity investment. It was not divulged how much Microsoft infused in the equity investment and how...

Google asks lawsuit by 10 states be moved from Texas to California

Google has asked a Texas judge to transfer an antitrust lawsuit filed by 10 states to a court in California, where the company has more relevant witnesses and documents. The search engine company noted that it was...

Amazon sues EU for allowing separate Italian probe over same issue

Amazon is suing to annul the European Commissions (EC) decision that allowed the Italian competition watchdog to pursue a separate case against it over the way it selects sellers. The US online retail giant took its...

LG Electronics hinted about its plan to ditch its smartphone manufacturing business

LG Electronics may be giving up its smartphone manufacturing business this year. This means that the company will be withdrawing from the mobile phone market and stop the production of the device. Although this was not...

Jack Ma shows up at the right moment as Alibaba's stocks soar with his public reappearance

Jack Ma, the founder of Alibaba Group, a Chinese tech, and e-commerce company, made his very first public appearance after disappearing in the public eye in October 2020. The billionaire was said to have vanished after...

Politics

Donald Trump ends his presidency at Mar-a-Lago as he foregoes attending Joe Biden's inauguration

As of today, Donald Trump is now considered to be a former president of the United States. With Joe Biden becoming the next occupant of the White House, Trump ended his presidency at his Mar-a-Lago resort. Trump spent...

Melania Trump reportedly did not personally write her thank you notes to White House residence staff

Melania Trump has already been known to break from tradition by foregoing some customs that her predecessors took on. As the now-former first lady has left the White House, it is revealed that her thank yous to the White...

Barack Obama congratulates Joe Biden on social media with a throwback photo

Former President Barack Obama was among the former Presidents to be in attendance at Joe Bidens inauguration as the nations 46th President. Hours prior to the proceedings, Obama congratulated his former vice president on...

Ivanka Trump becomes emotional as she watches her father Donald Trump make his final speech as POTUS

As of today, Ivanka Trump leaves her post as White House adviser to make way for the Biden administration. The eldest Trump daughter was seen getting emotional as she watched her father Donald Trump make his final address...

Science

What to feed ducks – according to science

The simple things in life sometimes bring the greatest joy like feeding the ducks at your local pond. The next time you pay your feathered friends a visit, consider introducing some variety into the food you give them....

Yellowstone volcano: USGS warns of possible eruption

Many scientists are keeping watch over the activity occurring in the Yellowstone volcano because of its potential to inflict large-scale damage in the United States. Now, scientists at the USGS have now warned of a...

Mars mission: NASA scientist says Martians can help humans live on Red Planet

Being able to live on Mars is one of the goals that space agencies all over the world have when it comes to exploring the red planet in future Mars missions. Although it may take a while to figure out how we may be able to...

Black holes: Albert Einstein's theory may save Earth from wandering black holes

Black holes are one of the most mysterious objects in the universe and were first brought up by renowned scientist Albert Einstein. With the possibility of wandering black holes being able to consume our own planet, the...

Asteroid alert: 16-meter space rock to pass by Earth on New Year weekend

With days to go until the Earth completes another year around the Sun, it appears that the universe also has plans to celebrate the new year along with us. An asteroid is set to pass by our planet a few days after the new...

Technology

Netflix to add 'Shuffle Play' feature permanently in H1 2021

There may be moments when Netflix subscribers find it difficult to decide what TV show or movie to watch from a catalog with thousands of titles. Luckily, the streaming giant is launching an app feature exactly for that...

Apple offsets 2 million units from iPhone 12 ‘mini’ production to favor the high-end ‘Pro’

It was previously reported that, of the entire iPhone 12 series, the mini had the least sales in the first couple of months since the devices launched. Now, Apple is said to be shifting massive production orders from the...

Krafton confirms new ‘PUBG’ mobile game is launching in 2021

The PUBG universe is getting bigger in the coming years, starting in 2021. A new title for the mobile gaming platform is confirmed to launch this year and will be followed by The Callisto Project next year. PUBG Mobile...

Android 12 could introduce an improved version of the split screen feature

Tech fans might still be a few weeks away from the first official reveal of Android 12, but several reports are already providing hints at new features to anticipate. Google is reportedly working on a new version of the...
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