Finance industry

Breaking the bank – Are fintechs taking over?

Finance industry

We live in the age of digitization. Everything has gone digital, including banks. Gone are the days of having to withdraw cash for payments, or visiting your local branch to pay your accounts. You can simply swipe a card, use your mobile app to transfer money, or scan a barcode to make a payment. But…

Could invisible payments mean the end of cash?

Finance industry

Cash has been around for so long, you might make the mistake of thinking it will be a part of our lives forever. But, if there’s one thing we know, it’s that anything can change. With the increased demand for credit cards, a sharp rise in revolutionary invisible payment technology, and the halted use of…

Germany gets in the driver’s seat for EU presidency

Finance industry

Chancellor Angela Merkel is known for her determined leadership, but her position as president of the EU during this unprecedented time will be her toughest test yet. On July 1st, Merkel began her 6-month presidency of the EU council and will have her work cut out for her as they navigate the current storm. “How…

P2P-lending in 2020: Survival of the toughest

Finance industry

Asia has seen a surge in P2P-lending—in investors, borrowers, as well as start-ups. But then coronavirus happened and it changed everything. A common occurrence across most P2P platforms has been an increase in borrowers defaulting on loans. This was due to the outbreak, nationwide lockdowns, extreme changes in people’s livelihoods, and uncertain economic futures. These…

Will PayPal offer crypto sales? And more finance news

Finance industry

Crypto sales soon available on PayPal? PayPal and Venmo are reportedly taking a big step in the crypto direction. PayPal will be following in Square and Revolut’s footsteps, who have both seen great profits after launching crypto transactions on their platforms. The news of PayPal’s entry into the crypto market comes from “three people familiar…

Oil makes a comeback, facial recognition software gets the boot

Finance industry

In the wake of backlash against police violence in the United States, several technology companies have suspended their development of facial recognition technology. IBM CEO Arvind Krishna noted the use of facial recognition is biased and contributes to the perpetuation of racial discrimination: “IBM firmly opposes and will not condone uses of any technology, including…

Is Amazon going driverless? And other May news

Finance industry

The European Union finally announced its plan to help the region’s economy begin making its way back from the coronavirus. The plan, dubbed “Next Generation EU”, includes €750 billion in stimulus relief, with €500 billion allocated toward free grants to member states, and €250 billion to be used as loans within the region. Using these…