It’s August, it’s still quite hot, and you are probably eating an ice pop on while laying by the swimming pool. That’s cool, we know, we do that as well! But in this time of the year when things are usually a bit slower, it might be a good idea to reflect on what has happened over the past few months. Here we intend to take a look at a report recently released by Finnovating about the state of investment in fintech companies, in Europe, in the second quarter of 2019, to get an idea about how things are evolving for the sector. Continue reading How Is It Going with the Investments in European Fintech?
What does digital economy brings for finance?
Posted onThe digital revolution is well underway. From purchasing products on Amazon to ordering groceries online, the leaps and bounds made in modern technology continue to allow a growing number of people around the world to participate in what we call the “digital economy.”
Continue reading What does digital economy brings for finance?
Most Valuable Fintech Startups in Europe
Posted onThe number of investments in the sector of financial technology is continuing to grow at an enormous speed. The same is happening with the valuation of fintech companies operating in this ever-growing business domain. But while it was once possible only for Asian and American firms to reach billion dollars in valuations, it is now becoming more common for companies in Europe, where the ecosystem is now consolidating and playing an increasingly bigger role in financial services. Continue reading Most Valuable Fintech Startups in Europe
Is the Gig Economy Right for You (And How to Make the Most out of It)?
Posted onThe relationships between employers and their employees has experienced a major upheaval over the past decade. While it was once common for an employee to step foot into a place of employment and remain there until retirement, today’s workforce is being increasingly drawn into what is known as a “gig-based economy.” Continue reading Is the Gig Economy Right for You (And How to Make the Most out of It)?
Facebook’s Coin: Cheat Sheet
Posted onIn the last part of June, the world of fintech was hit by a storm with Facebook, Inc. announcing its own cryptocurrency called Libra. If you follow what’s happening with startups and in the crypto space, you might already know that and, you’ve also probably seen a countless number of articles with the most disparate opinions around it, with experts saying that it would either make cryptocurrencies mainstream, while taking advantage of the huge 2.4 billion users registered on Facebook, or at the opposite – that this might be a bad thing for the development of crypto; that this could prove to be helpful for financial inclusion or again, on the contrary – that this could turn out to be a serious threat for people’s privacy and financial stability, a concern that’s been expressed by different central banks and governments. Continue reading Facebook’s Coin: Cheat Sheet
Renting vs. Buying a Home: When and Why One May Be Better Than the Other
Posted onMost of us have been told that it’s better to buy than to rent a home. Rent money tumbles down a massive black hole while mortgage payments build equity and financial security. Owning a home offers greater stability while renters outside of rent-controlled areas may find themselves forced to pay ever increasing rents—or the increases may eventually force them out of their beloved rental property.
But times have changed. The cost of real estate in major cities has skyrocketed to exorbitant prices. Contrary to popular belief, paying rent is also not akin to “throwing your money away.” Continue reading Renting vs. Buying a Home: When and Why One May Be Better Than the Other
The Top Healthy Everyday Finance Habits of Wealthy People
Posted onOne of the greatest misconceptions about the wealthy and elite are that they were all born into it. While many may have been, surprisingly, many have not.
In any event, those who are currently living off of their family’s legacy still have parents, grandparents, great grandparents and beyond who earned that fortune for them, so it’s important to recognize that wealth is accessible to anyone.
The key is to be smart about it. While we can’t promise that you’ll become a millionaire overnight with these healthy finance habits, we can guarantee a steady and gradual return on your hard-earned dollars. Continue reading The Top Healthy Everyday Finance Habits of Wealthy People
Are Big Tech Companies a Problem for Financial Stability?
Posted onManaging Director of the International Monetary Fund (IMF) Christine Lagarde recently gave an insightful speech at the G20 seminar on financial innovation – Our Future in the Digital Age – hosted in Fukuoka, Japan. Ms. Lagarde talked about the defining moment for Asia and the rest of the world in terms of adapting and regulating financial innovation. In her speech she also highlighted some of the largest potentialities of fintech, mentioning financial inclusion as one of them, while also raising some concerns about the stability of the financial system, especially with the turmoil that the entrance of big tech firms, such as Google, Amazon, Facebook and Apple, can cause. Let us take a look at some of the other key points that she touched in her opening remarks. Continue reading Are Big Tech Companies a Problem for Financial Stability?
How to Wisely Manage Your Retirement Savings
Posted onSaving for retirement may not be the most exciting or glamorous task. But the money you save now will give you greater control and freedom in the future.
When most people think about saving for retirement, they think about pensions, tax-advantaged/personal retirement savings plans, and government assistance. If you really want to grow your money, however, it is worth looking into other additional or supplemental investment options. Continue reading How to Wisely Manage Your Retirement Savings
VIAINVEST Sets One Interest Rate for All Loan Originators
Posted onVIAINVEST has announced changes affecting its interest rate policy by introducing one interest rate to all loan originators set to 11% annually. This newly established interest rate will be applied to all loans published on the platform, starting from 13.06.2019. These changes will allow VIAINVEST to offer 2 times bigger loan portfolio with beneficial 11% annual interest rate, and will also raise average interest rate on the platform while making investment portfolio diversification easier. Continue reading VIAINVEST Sets One Interest Rate for All Loan Originators