Economy
Cryptocurrencies replacing traditional fiat currencies; wealth inequality; the economic impact of automation and the next industrial revolution—this page covers the trends and news that will influence the economies of the future.
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https://www.financemagnates.com/fintech/singapore-tops-as-southeast-asia-reports-record-investments-in-fintech/
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Financemagnates
The investments channeled to the fintech sector in the Association
of Southeast Asian Nations, ASEAN, increased to USD4.3 billion in the first
nine months of 2022. The amount is higher than the total investments in the
sector between 2018 and 2020.According to a joint report released today...
of Southeast Asian Nations, ASEAN, increased to USD4.3 billion in the first
nine months of 2022. The amount is higher than the total investments in the
sector between 2018 and 2020.According to a joint report released today...
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https://www.jdsupra.com/legalnews/singapore-where-global-ip-professionals-3125335/
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Jdsupra
I just recently left Singapore, where the lush gardens and iconic city skyline served as the backdrop for The International Trademark Association's (INTA) 145 Annual Meeting. This was the second time that INTA's Annual Meeting was hosted in Asia and the first time in Southeast Asia. While the location was originally planned for the 2020 Meeting, as with most things in life, the pandemic put that on hold.
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https://blockchain.news/news/open-forest-protocol-unveils-the-untapped-potential-of-near-protocol
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Blockchain
The internal pitch deck of Open Forest Protocol (OFP) surfaced on Reddit. OFP, a pioneering project on the NEAR Protocol, offers a unique perspective on the potential trajectory of NEAR's growth.
OFP is poised to revolutionize the voluntary carbon market, currently valued at around $2 billion...
OFP is poised to revolutionize the voluntary carbon market, currently valued at around $2 billion...
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https://www.financemagnates.com/fintech/enhancing-open-banking-payments-for-investments-mastercard-and-saxo-bank-partner/
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Financemagnates
The financial
services provider, Mastercard and Saxo Bank have announced a strategic
partnership aimed at revolutionizing the way customers manage their investment
accounts through open banking technology.
Don't miss London's premier financial event! 3,500+ attendees, 150+ speakers, and 120+...
services provider, Mastercard and Saxo Bank have announced a strategic
partnership aimed at revolutionizing the way customers manage their investment
accounts through open banking technology.
Don't miss London's premier financial event! 3,500+ attendees, 150+ speakers, and 120+...
21020
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https://www.youtube.com/watch?v=VcEi2HO9whM&feature=youtu.be
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CNBC International
The initial coin offering, or ICO, has become the hot new strategy for companies to raise capital through the issuing of digital tokens. What makes it so pop...
FUTURE TIMELINE
COUNTRY FORECASTS
207007
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https://www.financemagnates.com/fintech/the-influence-of-generation-z-on-the-surge-of-bnpl-platforms/
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Financemagnates
Generation Z, often referred to as digital natives, has grown up in an era
of technological abundance. This generation's inherent comfort with online
interactions and mobile technologies has propelled the adoption of BNPL
platforms. These digital natives seek seamless and convenient...
of technological abundance. This generation's inherent comfort with online
interactions and mobile technologies has propelled the adoption of BNPL
platforms. These digital natives seek seamless and convenient...
FUTURE TIMELINE
COUNTRY FORECASTS
158469
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https://betakit.com/synctera-launches-embedded-banking-platform-in-canada/
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Betakit
Canadian launch comes nine months after Synctera landed $15 million from National Bank.
After getting its start in the United States, banking as a service (BaaS) platform Synctera has launched in Canada.
The platform allows organizations of various sizes, from small FinTech startups to major...
After getting its start in the United States, banking as a service (BaaS) platform Synctera has launched in Canada.
The platform allows organizations of various sizes, from small FinTech startups to major...
FUTURE TIMELINE
COUNTRY FORECASTS
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https://www.techrepublic.com/article/xero-vs-wave/
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Techrepublic
Wave Accounting is a free-for-life accounting software solution that helps freelancers and microbusiness owners track their income and expenses, send invoices, accept online payments and run payroll through Wave Payroll. While Xero isn't free, its $13 a month starting price is one of the lowest...
FUTURE TIMELINE
COUNTRY FORECASTS
229096
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https://incrediblethings.com/money/cryptocurrency/the-growing-importance-of-governance-in-defi-projects/
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Incrediblethings
In the introduction, DeFi, or Decentralized Finance, signifies a transformative shift within the financial sector, harnessing the potential of blockchain technology to establish an open and inclusive financial ecosystem, free from traditional intermediaries. The notable expansion of DeFi is apparent in the proliferation of decentralized applications (dApps), facilitating a range of financial services on a trustless and permissionless infrastructure, spanning lending to trading.
FUTURE TIMELINE
COUNTRY FORECASTS
35357
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https://worldview.stratfor.com/article/china-lacks-will-usurp-uss-global-currency-dominance
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stratfor
Barring significant policy changes that seem implausible for now, the yuan will remain a second-tier (if not third-tier) currency for the foreseeable future.
FUTURE TIMELINE
COUNTRY FORECASTS
132585
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https://appdevelopermagazine.com/NFT-solution-for-banks-and-fintechs-from-Rarible/
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Appdevelopermagazine
Metallicus, the core developer behind Metal Blockchain and Rarible - a cross-chain NFT marketplace, jointly announced a strategic partnership to explore the development of compliant digital ownership solutions for the banking and fintech sectors. Metal Blockchain and Metallicus recently solidified strategic integrations with leading financial service entities to make progress on their commitment to reshape the financial sector.
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https://www.scmp.com/news/world/europe/article/3245381/britains-national-grid-drops-china-backed-supplier-over-cybersecurity-fears
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Scmp
Britain's National Grid has started removing components supplied by a unit of China-backed Nari Technology's from the electricity transmission network over cybersecurity fears, the Financial Times reported on Sunday. The decision came in April after the utility sought advice from the National Cyber Security Centre, a branch of the nation's signals intelligence agency GCHQ, the newspaper quoted a Whitehall official as saying.
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https://www.bandt.com.au/fintech-disruptor-revolut-launches-new-above-the-line-campaign-in-australia-to-challenge-traditional-banking-conventions/
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Bandt
The creative ads which will air across digital channels for 8 weeks from mid-May until the end of July 2024 were directed by Tim Godsal of Anonymous Content and produced by the creative minds at Anomaly. This campaign marks Revolut's second above-the-line advertising initiative within the past 12 months, underscoring the company's accelerated growth in Australia.
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https://www.creativebloq.com/features/interview-with-mpb-ceo-matt-barker
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Creativebloq
This is especially true for photographers when you consider that retail prices for new flagship camera models have more than doubled over the last few years, and lenses aren't getting any cheaper, either. So what does this mean for the industry? That's a lot, given that the secondhand market is currently valued at £6.5 billion in the UK alone, worth almost £52 billion in the US, and is worth over £165+ billion globally - making the US the largest recommerce market worldwide.
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https://www.fintechfutures.com/2023/08/revolut-halts-crypto-services-in-the-us-citing-evolving-regulatory-environment/
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Fintechfutures
Challenger bank Revolut has announced that it is to suspend access to cryptocurrencies for US customers from 3 October. From 2 September 2023, Revolut's US customers will no longer be able to place buy orders for crypto with the bank, with access due to be fully disabled a month later. A spokesperson for the bank told FinTech Futures that the withdrawal of its crypto services in the US was the result of "the evolving regulatory environment" and "uncertainties around the crypto market" in the country.
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https://www.greenbiz.com/article/q2-roundup-major-food-players-regenerative-ag-slows-down-circular-economy-comes-back
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Q2 roundup of major food players: Regenerative ag slows down; circular economy comes back | Greenbiz
Greenbiz
After unpacking what happened in the startup world in Q2 in the last Food Weekly edition, here's what bigger businesses have been up to.
It was a relatively quiet spring for the world's largest food and agriculture companies. For past versions of this roundup, I've been spoiled with choices when...
It was a relatively quiet spring for the world's largest food and agriculture companies. For past versions of this roundup, I've been spoiled with choices when...
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https://dailycoffeenews.com/2023/10/09/iberital-looks-ahead-with-the-vista-espresso-machine/
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Dailycoffeenews
Spanish espresso equipment maker Iberital recently launched a stylish dual-boiler addition to its range of professional machines called the Iberital Vista.
The new machine, marketed towards specialty coffee shops, houses dedicated steam and brew boilers within an angular case that cuts a low...
The new machine, marketed towards specialty coffee shops, houses dedicated steam and brew boilers within an angular case that cuts a low...
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https://techcrunch.com/2023/07/10/web3-enterprise-adoption/?tpcc=tcplustwitter
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Techcrunch
As the global crypto market capitalization sits around $1.2 trillion, some industry players are looking to build upon enterprise businesses to grow the pool and potentially bring in greater adoption. The key companies, tactics and business models to bring that in is yet to be determined, but that isn't stopping some web3 startups from diving in together.
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https://krugman.blogs.nytimes.com/2013/12/14/inequality-as-a-defining-challenge/?_r=0&mtrref=undefined&gwh=3C227A4CFE1865B7DCDCFA06E84FC44A&gwt=pay&assetType=PAYWALL
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The New York Times
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https://www.nbcnews.com/science/environment/first-generation-solar-panels-will-wear-recycling-industry-taking-shap-rcna97562
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Nbcnews
Sunlight beats down on a graveyard for dead solar panels in Yuma, Arizona, hundreds stacked in neat piles, waiting for their next life. The great majority of worn and damaged panels are still dumped in landfills. But with more and more piling up, many people know that needs to change. In this desert city where Arizona, California, Sonora and Baja California meet, North America's first utility-scale solar panel recycling plant has opened to address what founders of We Recycle Solar call a "tsunami" of solar waste.
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https://economictimes.indiatimes.com/industry/cons-products/electronics/circular-electronics-biz-models-can-create-addressable-market-of-up-to-usd-20-billion-by-2035-study/articleshow/103146461.cms
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Circular electronics biz models can create addressable market of up to USD 20 billion by 2035: Study
Economictimes
Circular electronics business model, comprising product design to recycling, can create a total addressable market of up to USD 20 billion by 2035, a joint report by industry body ICEA and Accenture said on Monday. According to the report, fostering multi-brand repair services, defining...
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https://tech.eu/2023/09/15/revolut-abandons-us-banking-licence-application/
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Tech
Revolut has yet to file a final application for a US banking licence, over two years after saying it was submitting a draft application for a US banking licence. The UK-headquartered neobank, which is one of the UK's most valuable fintechs, said in 2021 that it had submitted a draft application for a US banking licence.