It’s been over 100 years since the paper money was created, with cash dating back to the 19th century. Technology has given rise to the internet and mobile payments, and the global financial system is ripe for a modern version of money. Digital assets have caused a paradigm shift in the global economy. No longer is cash king, though it is arguably still needed. Cryptocurrencies such as bitcoin, however, have reshaped the financial landscape. Bitcoin is not the only cryptocurrency but it is the biggest — with a market capitalization of USD 291 billion — and was the first on the scene nearly 12 years ago. Continue reading Central Bank Digital Currencies Poised to Disrupt the Global Financial System
There is no doubt that 2020 has challenged our lives on so many aspects. While COVID-19 pandemic turned our daily habits upside down, businesses around the world faced an unexpected turbulence and were forced to implement an emergency survival plans. 2020 for P2P industry started with some unfortunate news on several platforms’ collapse which was not helpful when the industry got hit once again – now by the pandemic. As this challenging year has rolled into its last quarter, we reached out to the finance and P2P blogger Denny Neidhardt who is also an author of Re:think P2P-Kredite blog to find out his perspective on 2020, recent events and P2P industry development prospects. Continue reading Looking back at 2020: a few notes by finance blogger Denny Neidhardt
Saving for retirement used to be a relatively easy thing to do, whereby employers and the government often essentially guaranteed a lifetime income. This has changed as life expectancy in Europe has climbed, along with an ageing population making it less sustainable. There has been a shift in the responsibility for retirement planning away from employers and the state, toward the individual. Knowing how to save for retirement, and especially early retirement, isn’t something most know how to easily achieve. Continue reading Thinking about an early retirement? Here’s how P2P lending can help
It has been more than seven months since the pandemic changed the world forever. While lockdown restrictions have begun to ease in some places, the crisis has left an indelible mark in its wake. These consequences serve as a reminder that a new normal has set in, one that has shuffled the deck for employers and employees alike. In fact, some experts believe that remote work is here to stay, even once the pandemic has run its course. Continue reading How Work-From-Home Phenomenon is Changing the Corporate Culture
Being an investor at this point doesn’t just mean navigating a complex maze of investment options across different platforms and territories – it also involves a great deal of due diligence to make sure your risks are managed from a return on investment point of view and a legislative standpoint. Continue reading What to Know about Anti-Money Laundering as a P2P Investor
There isn’t a sector of the economy that the COVID-19 pandemic hasn’t touched, and banking is near the top of the list. Not only have bank branches been shuttered for months but the perilous nature of cash has thrust digital payments and banking into the spotlight. While digital banking is a trend that had begun before the pandemic took hold, its adoption has been hastened around the world as a result of the crisis. One of the key features of digital banking is that the consumer is the focus, not the products, as depicted by the below illustration. Once users get a feel for it, they are unlikely to ever look back and only the nimblest of banks will lead the way. Continue reading COVID-19 Accelerates Push to Digital Banking and Investment Apps
The key to financial freedom relies on your ability to fully comprehend and achieve what that means for you. Every person is different when it comes to their financial goals, but the fundamentals remain the same. It starts with education and sound actions based on informed decisions. Continue reading Why It’s Important for Investor to be Financially Literate
The European Union has been moving closer to a cashless society in recent years, in some countries more than others. Fueling the trend has been the rise of financial technology, or fintech solutions, as consumers flock to mobile and internet offerings over brick-and-mortar banks, leaving cash out in the cold. Continue reading Cashless Europe: How Fintech Benefits the Development of the Digital Society
The global situation in 2020 has pulled everyone out of their comfort zone and predictions about economic growth have become more difficult to make. Risks need to be evaluated with a different mindset because despite uncertainty, there will always be opportunities no matter the situation.
This article will evaluate the case of Vietnam as prospective market for consumer lenders. We will look at the economic picture, consumer behavior, and political forces that aim to support and shape the consumer lending industry as a viable investment consideration. Continue reading Vietnam: an Untapped Pool of Consumer Lending Opportunities
With wages down and unemployment sky-high, socking away extra cash might seem like a catch 22. In the UK, the number of Brits to file for unemployment in April soared 70% to nearly 2.1 million, reflecting the largest increase in history. People are working fewer hours, and the government has had to swoop in with wage subsidies for millions of jobs, furloughs that are set to begin dwindling in August. According to Ernst & Young partner in Baltic States Guntars Krols, no European economy has gone unscathed from the COVID-19-fueled economic crisis. Were it not for government subsidies in Latvia, the unemployment rate would be much worse than it is. Continue reading Saving Money During the Pandemic: Utopia or Reality?