The proposed architecture for presenting NFT-based patent. Credit: SIATBy making use of blockchain technology, digital assets are extensively organized into fungible and non-fungible tokens (NFT). NFT relates to those with one-of-a-kind and non-substitutable properties.A research group directed by Professor QU Qiang from the Shenzhen Institute of Advanced Technology (SIAT) of the Chinese Academy of...
An accelerated rate of changeFinancial institutions throughout Asia-Pacific (APAC) are rushing ahead of their peers throughout Europe and North America when it concerns digital transformation, leading software supplier ITRS Group's most up-to-date data reveals. However, amid this accelerated rate of change, avoiding prolonged durations of unplanned downtime remains an obstacle for companies in the...
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Credit: Arnd Wiegmann | ReutersCredit Suisse faces fresh scrutiny from Swiss regulators and the European Parliament after leaked data purported to reveal the bank had served human rights abusers, corrupt politicians, and businessmen under sanctions for...
NALA team. Credit: Fintechnews AfricaNALA, Founded by Tanzanian Benjamin Fernandes (Founder &; CEO). Led alongside Nicolas Esteves (CTO) and Nicolas Eddy (COO), raised $10m round backed by Amplo, Accel, and Bessemer Partners with participation from Angels such as Jonas, the co-founder & CTO of Monzo, Robinhood founder Vlad, Laura, the co-founder of Alloy, Deel...
Until now, the commercial banking system has weathered the pandemic shock even if there are some looming effects, claimed the 2022 Economic Survey tabled in Parliament on January 24.According to the survey, the gross non-performing advances proportion of Scheduled Commercial Banks (SCBs) kept decreasing from 11.2 percent in 2017-18 to 6.9 percent by September...
You can only spend what you have when using a debit card to make a purchase, just like when using cash.What is a debit card?Though it's likely that you already know what a debit card is, just in case: Debit cards are a type of payment instrument provided by banks and other depository institutions...
As the fintech space creates, 2022 will undoubtedly see interruption from 3 major finserve and banking sectors.While the obstacles of an electronic makeover have dominated mainly 2020 and 2021, 2022 looks set to be the stabilizing year regarding new typical service tasks.The significant hurdles of functioning remotely, swapping systems to digital systems, and developing...
Credit: Alesia Kozik/pexels.comThe Wharton School's Mauro Guillén, a professor of international management, responds to inquiries about the increased interest.Elon Musk energized the possibilities for Bitcoin stock earlier this month when he promised that Tesla, Inc. will soon accept payment for its electric vehicles in the much-discussed but little-known currency.Mauro Guillén, previously the head of...
Bitcoin's journey into mainstream finance has achieved another significant milestone-- another record price. The cryptocurrency was trading at US$ 66,975 (₤ 48,456), after the launch of an exchange-traded fund (ETF), which has dramatically raised bitcoin's direct exposure to investors.The fund, that opened on October 19, permits investors to speculate on the future value of...
We understand Elon Musk is a fan; however, what is all the fuss around, and when will the Bitcoin bubble burst?Comparable to the stock market, the cryptocurrency market is regularly subjected to extreme cost variations-- both upwards and downwards. Tesla recently buying $1.5 billion worth of Bitcoin is simply one example of how the...
