Big Data in the Space of Fintech
Fintech – a word which clearly indicates a combination of financial services and technology. It includes various financial fields such as retail banking, investments, and lending. Big data contributes to a major chunk of technology used. Data scientists and analysts have honed their skills which have improved analysis of data leading to increased consumer profits.
Defusing Organizational Silos Through Competent Collaboration
Meeting the organizational and technological challenges of globalization often requires stronger decision-making and workforce cooperation in modern business cultures.
Organizational silos as much as individual achievers who look after their own standings can hinder such progress. As companies scale, staff find it harder to get to know and trust their colleagues elsewhere. Many will form close-knit groups who may eventually find it in their interest to resist change, by setting up insular barriers to broader collaboration.
Abu Dhabi: MENA’s new FinTech Hub?
Established in 2013, with its official opening in 2015, the Abu Dhabi Global Market (ADGM) aims to support Abu Dhabi’s long term strategy to diversify its economy and establish the capital as an international financial centre. One year into its launch, ADGM was named the International Financial Centre of the Year (MENA) by the prominent Global Investor/ISF publication. An endorsement like this testifies the attractiveness of the Abu Dhabi region as a financial hub. However, we have yet to see whether the ADG will live up to its expectations.
P2P Sector in Malaysia
Peer-to-peer (P2P) platforms are becoming increasingly active in the US, UK, China, Australia, and many other countries across the world. China’s P2P market has shown the greatest growth with lending reaching a level of US$66.9 billion.
USAID’s Adoption of FinTech
With almost 40% of the adult population “un-banked”, financial inclusion still remains a significant challenge for global development. Governments, development agencies, and the private sector are all working hard to bring the “un-banked” within the formal financial sector, with FinTech, helping to accelerate the process. In this article, we will take a look at the actions taken and success achieved, by the United States Agency for International Development (USAID) in these efforts.
The Challenge of Gig Economy in On-Demand Companies Like Uber
Over 14 million people now work in the so-called gig economy. From online freelance marketplaces like Upwork and Freelancer.com, to “on-demand companies” like Uber and Airbnb that provide access to a peer market, the gig economy promises to make it easier than ever before to be free of a stuffy desk job and be your own boss.
Arguably, it’s succeeding – with gig work accounting for the majority of employment growth – but as recent court decisions against Uber signify, the promises of a gig economy also raise sticky problems with how to regulate work practices and provide job security in the digital age.