A statement made on Thursday announced that the Swiss National Bank and the Banque De France will look into the feasibility of a cross-national arrangement of two wholesale central bank digital currencies (CBDCs) on blockchain. The SNB has enlisted a private sector consortium (including R3, UBS, and Credit Suisse) which will be led by Accenture.
Index annuities are sometimes called hybrid annuities. They combine the potentially greater returns of variable annuities but don’t come with the same risk of losses, even if it means you get nothing that year because the stock market is down. However, there are several index annuity types. Know the ways to save your hard-earned money
After a supermajority vote, in which Bitcoin Law received 62 out of 84 of the legislature’s vote, the digital currency will become legal tender in El Salvador. The Republic of El Salvador is the first country in the world to adopt bitcoin as legal tender, with the price of bitcoin up by 5% soon after
Long criticised for the small percentages they pay in tax, big companies such as Google, Microsoft, and Apple will be pushed to pay more following a historic move by the G7 group of wealthy nations. The deal states that large multinational enterprises would pay a global minimum corporation tax of 15%. For the largest global
People the world-over look to technology to help make their lives easier to remove barriers, to decrease their workload and to anticipate their every need. Modern banking solutions are not exempt from this new global standard. Read More
You may have a situation where all you need is a small amount of money for a short period and you don’t want the hassle of too much paperwork, credit checks and having to provide collateral. In some situations, this simply isn’t practical, such as when you need to unexpectedly make car repairs or have
The market for transactional risk insurance (Warranty and Indemnity or W&I)) has been steadily growing over the last 20 years. What had always been seen as a slightly ‘luxury’ product has now become mainstream. The growth of the marketplace came when risk appetite waned and deal teams and their lenders looked for a more ‘belts
SPACs are very much a child of this age of fervid expectation, which was founded in how quickly the adoption of new tech is going to change the world. Everything from space tugs to hydrogen cars was apparently possible – whatever the realities of profits and costs suggested. Just a few months ago SPACs were
Covering banking in the FinTech era, the World FinTech Report 2021 from Capgemini and Efma explores how successful FinTechs have breached the profitability barrier and analyzes alternative options for banks to alleviate the competitive threat. Discover how banks can implement digital-only subsidiaries with the “right-field” approach to be successful in the FinTech era.
It’s undeniable that the pandemic has been especially hard on small to medium enterprises, or SMEs. While multinational corporations like Amazon and Tesla have grown astronomically over the pandemic, small disruptions, like late payments on invoices which are typically survivable in normal times, are causing many SMEs to go out of business. Although there are
Managing personal finances can be a challenge for everyone. Sadly, people dealing with a chronic illness often experience a unique and tougher set of financial challenges. Experts define a chronic disease as a long-lasting condition that keeps reoccurring. Conditions like pulmonary fibrosis and fibromyalgia can significantly slow down your operations, making day-to-day life extremely difficult.
Running a business can be highly challenging and sometimes overwhelming for many entrepreneurs. As a business owner, you are responsible for making sure that your company operates proficiently. Aside from the daily tasks that you need to attend to, you also need to ensure that all aspects of your business are running smoothly. It can
