Decentralized Finance (DeFi) is transforming the financial landscape by enabling peer-to-peer transactions without the need for traditional intermediaries like banks. DeFi offers a wide range of financial services, including lending, borrowing, trading, and more. Among the various DeFi platforms, Decentralized Exchanges (DEXs) have gained significant attention due to their ability to facilitate digital asset trading […]
The AI boom is transforming all industries. The financial industry is no exception. AI is increasingly prevalent in financial services and is reshaping traditional institutions by creating more efficient operating models. This article explores the opportunities AI could offer financial markets and the challenges it presents to different stakeholders. Opportunities In trading, AI tools can […]
Fintech is disrupting the financial services industry by creating a digital alternative to traditional institutions. Fintech companies use innovative technologies and data analytics to facilitate access to banking and financial services, including payments, loans, and insurance. There is still a significant percentage of the world’s population that is excluded from the financial ecosystem and does […]
Spending on virtual credit cards (VCCs) has surpassed corporate card expenditure for the first time in 2019, according to the Research and Markets business credit card report. Additionally, a new study by Juniper Research estimated that the global value of virtual card transactions will reach $6.8 trillion in 2026, representing a 370% increase from 2021. […]
After attracting mainstream attention when Beeple sold his NFT collection for a whopping $69 million at Christie’s (1), the non-fungible token marketplace registered an unprecedented boom by the end of 2021, with sales recording a 21,000% jump compared to 2020’s numbers, according to a report from NFT data company “Nonfungible.com”, partnered with BNP Paribas’s L’Atelier […]
Economic shockwaves have been felt across all industries as penalties from the European Union, the US, and many other countries ramp up on the Russian Federation. Energy prices are rising, stock prices are falling, supply chains are collapsing, and inflation has reached record levels. These recent events have demonstrated that countries can be completely cut […]
In recent times, inflation has been a topic of discussion for economists, politicians, and citizens alike. The pandemic has brought an end to a period that was marked with low-to-moderate inflation rates with even deflation plaguing countries such Thailand, Qatar, and Malaysia before the COVID outbreak. There has been a noticeable spike in the number […]
While virtual worlds have been around for quite a few years, it is only recently, following Facebook’s rebranding as Meta, that significant attention has been brought upon what have come to be called metaverses. Believed to be the next phase of the internet and possibly even a future complementary reality to our physical world, metaverse […]
Modern crypto assets offer fast and simple payments, innovative financial services, and access to untapped markets and un-banked parts of the world. All these innovations are made possible on account of the fast-evolving crypto ecosystem. However, the rapid growth and adoption of crypto assets have led to new risks and challenges. The […]
Covid-19 has increased the number of poor people in the world The COVID-19 pandemic has underscored the urgent need for results-based financing in addressing the surge in global poverty.. Even more so, it triggered a global humanitarian crisis, putting both lives and livelihoods at risk. According to the World Bank, global extreme poverty rose […]
