The U.S. House Financial Services Committee has unanimously adopted two resolutions establishing task forces for fintech and artificial intelligence. The Task Force on Financial Technology will examine issues including “the current legal framework for fintech, how fintech is used in lending and how consumers engage with fintech,” the committee stated. The chair of the task […]
With mobile money continuing to dominate the continent’s commerce growth, opening doors for business to everyone from a rural farmer to an entrepreneur, and cross-border seeing inter-country transactions on the rise, the continent is making a play to be the world’s biggest e-commerce opportunity. According to Visual Capitalist, 13 of the world’s largest urban centres […]
ubai ranked first globally in attracting foreign direct investments (FDI) for artificial intelligence and robotics; while the UAE ranked sixth in the global Smart Service Index, surpassing the US, UK and South Korea. The Emirate has attracted from 2015 to 2018 $21.6 billion worth of FDI in high-end technology transfers, with the most from the […]
[dropcap]T[/dropcap]he race of 5G is truly underway and Saudi Arabia are well prepared the foundation to provide the benefits of this great technology to the Middle East and North Africa (MENA).
[dropcap]F[/dropcap]requent fliers know the challenges of airport parking and the added stress it brings onto your journey. The challenges varies from expensive parking fees to remembering the parking slot or inconvenience of airport shuttles. Artificial intelligence might be the problem solver when it comes to your airport parking woes. Stan is a robot which is […]
[dropcap]S[/dropcap]ince its inception over 30 years ago, Islamic financing has become diverse with a wide plethora of industry players from sectors such as legal, accounting, technology, commodity trading platforms and rating companies. Malaysia has spearheaded a number of innovations and inclusions in Islamic banking and finance to emerging as the global leader in this area.
Iran to buy sugar from India after 5 years Iran has found a way to spend the money it has accumulated in the South Asian nation’s banks from trading oil. Iran is likely to buy sugar from India for the first time in five years in order to secure its food supply due to its […]
[dropcap]H[/dropcap]osting the 2024 Olympics will indeed be a prestigious and celebrated opportunity that will put Paris in a global spotlight. Paris has won its Olympics bid in the most adverse time, with mounting austerity, terror threats and police violence. Hence Parisians look at this opportunity as both a boon and a bane simultaneously.
Mobile money accounts have surpassed bank accounts in Africa The financial technology industry is shaping the structure of financial industry in Africa. New technologies have been innovated, developed and implemented in Africa creating a competitive business landscape in the financial industry. Africa which at one point was lagging behind most countries is now emerging as […]
[dropcap]A[/dropcap]round 80% of Egypt’s 100 million population is still unbanked according to the World Bank. There is a long road ahead in terms of banking and financial inclusions in Egypt.
[dropcap]M[/dropcap]iddle Eastern country Bahrain, in a move to promote itself as a financial tech hub has extended invitation to India to set up its fine tech companies there. There are a plethora of avenues for Indian finch companies in areas like crypto assets, the blockchain, robot advisory, open banking and remittances in Bahrain.
[dropcap]A[/dropcap]pprovals to build new houses has reached a five-year low end of last year due to sliding house prices and an intensified credit clench. This has been a blow to now of the strongest sectors in Australia’s economy. The Reserve bank of Australia is under immense pressure to cut its interest rates. However, due to […]
Future of personal automobiles is electric cars [dropcap]W[/dropcap]hile the whole world knows the future of personal automobiles is electric cars and even though people would be willing to change to eco-friendlier electric cars, the soaring costs of such cars put most people away from the change. Tesla has been the undisputed market pioneers in the […]
[dropcap]R[/dropcap]ussian tech giants Yandex is a new contender to throw their hats into the ring to join the driverless taxi race. Yandex launched its first prototype for self-driving cars back in 2017. In August 2018 they had announced the launch of Europe’s first driverless ride-sharing services in Annapolis and Skolkovo. Yandex. Taxi has unveiled its […]
