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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

McDonald's, Wendy's slapped with 'deceptive ads' lawsuit for alleged untrue size of beef patties

McDonalds and Wendys fast-food chains have been sued, and the lawsuit has already been filed at a court in New York. The suit stemmed from complaints that said the burger joints are misleading the customers by falsely...

Mastercard launches ‘wave to pay’ biometric allowing customers to pay using the face or hand gesture in stores

Mastercard introduces an innovative and unique to pay in this era of robots and advanced automation. The American financial service company is piloting its Biometric Checkout Program that allows customers to pay just using...

Amorepacific apologizes for employees’ ₩3 billion heist

AmorePacific, a South Korean beauty, and cosmetics chaebol issued an apology on Tuesday, May 17, after it was revealed that three of its staff stole money from the company. The employees were said to have embezzled a total...

Reebok stores in Russia up for sale, Turkish retailer FLO Magazacilik reportedly in talks to take over

Reebok is selling over 100 of its stores in Russia and Turkeys retail company, FLO Magazacilik, is currently in discussion for the acquisition of the properties. The talks were reportedly confirmed by the latters chairman,...

Samsung reportedly raising prices of its semiconductor products

Samsung Electronics Co. is reportedly mulling on hiking prices for its chips. It is considering up to a 20% increase, and this was first reported on Friday. The company is said to be currently in talks with foundry...

Politics

UN calls on Iran to stop execution of Swedish-Iranian national

Iran is set to execute a Swedish-Iranian national who is being charged with espionage against the country. The United Nations Human Rights office is now calling on Tehran to stop the execution from taking place. Reuters...

Myanmar coup: Shadow government defense chief urges West to provide arms to resistance in fight against junta

It has been more than a year since the Myanmar military seized control of the country and ousted its democratically-elected government. The defense chief of the countrys shadow government has now urged the West to provide...

North Korea: UN warns COVID outbreak may lead to 'devastating' consequences for human rights

The isolated nation of North Korea is tackling an outbreak of COVID-19 infections in the country, resulting in a nationwide lockdown. With the measures in place, the United Nations warned that the consequences of the...

Kevin McCarthy has 'nowhere to run' following subpoena from Jan. 6 committee, says former federal prosecutor

The congressional committee investigating the January 6 insurrection has moved towards issuing subpoenas to several sitting Republican members of Congress in recent weeks. According to a former federal prosecutor, House...

Science

Hyundai Mobis’ monitoring system reduces drowsy driving risks by 30%

Hyundai Mobis Co. has come up with an in-house brainwave-based driver monitoring system that can reduce the risk of drowsy driving by up to one-third. The system, dubbed M.Brain, is a wearable earpiece that continuously...

California start-up Bionaut Labs to send tiny robots on voyage into brains

California start-up Bionaut Labs will conduct its first clinical trials on sending miniature robots deep inside the human skull to treat brain disorders The tiny injectable robots can be guided through the brain using...

Kirin, Meiji University develop electric chopsticks that make low-salt food taste salty

Food producer Kirin and Meiji University have developed a pair of chopsticks that stimulate the taste of salt in foods with low salt content through extensive research. This technology, which has yet to be named,...

Japanese researchers develop plastic with self-repairing powers

Japanese researchers have found a way to create self-repairing plastics that can be used in many products and reduce the amount of waste now polluting the planet. It might have practical applications for home...

Osaka University team proves safety of iPS-based cornea transplant

An Osaka University research team has concluded that the worlds first clinical trial, transplanting corneal tissues derived from induced pluripotent stem cells, or iPS cells, was safe and effective. According to the...

Technology

‘Fall Guys’ shifts to a free-to-play model next month

Fall Guys will be the next multiplayer game that will shift to a free-to-play model. The change will take place along with its launch on other consoles, along with its move from Steam to Epic Games Store next month. The...

Spotify tests in-app NFT previews on some artist pages

Spotify is exploring NFT opportunities, starting with providing in-app previews of digital media on select artist pages. But the company might have more in store as it recently asked subscribers to answer a survey that...

‘Cyberpunk Edgerunners’ trailer to be revealed at Netflix’s ‘Geeked Week’ event in June

Fans of Cyberpunk 2077 will finally see the first trailer for the animated series Cyberpunk Edgerunners. Nearly two years after the project was announced, the show is confirmed to be one of the titles to be featured in the...

Pixel Watch is reportedly powered by the 4-year-old Exynos 9110

While Google has officially announced its first Pixel Watch, the wearable device is not slated to arrive in stores until later this year. But new details have emerged in the rumor mill regarding its technical...

‘GTA V’ sales surpass 165 million after the next-gen version’s launch

The nearly decade-old GTA V continues to prove as one of the best-selling IPs for publisher Take-Two Interactive. The company confirmed that the game has sold another five million copies in the last quarter. During...
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