Economy
Cryptocurrencies replacing traditional fiat currencies; wealth inequality; the economic impact of automation and the next industrial revolution—this page covers the trends and news that will influence the economies of the future.
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Signals
https://financialit.net/news/banking/temenos-leads-evolution-correspondent-banking-banks-seek-modernize-cross-border
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Financialit
Temenos Leads Evolution in Correspondent Banking as Banks Seek to Modernize Cross-Border Payments in the Cloud Temenos has demonstrated how its cloud-native Correspondent Banking solution supports the rapid addition of new alternative payment rails and payment types using payment adaptors and an...
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https://www.pymnts.com/news/banking/2023/rise-of-the-api-and-pismo-buy-help-visa-craft-banking-network-effect/
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Pymnts
For the payment networks, the reach and scale is there to create new digital platforms for financial institutions — natural extensions of the relationships that are already in place. And along the way, with technological infrastructure and application programming interfaces (APIs) in the mix, a network effect can take shape, globally, as more banking clients use more digitally enabled products and services.
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https://www.automotiveworld.com/news-releases/continental-to-further-increase-the-recycling-share-in-its-tires/
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Automotiveworld
Ten years purchase agreement concluded with Pyrum Innovations for recovered carbon black from end-of-life tires
Continental has concluded a long-term purchase agreement with Pyrum Innovations, a specialist in the thermolysis technology of end-of-life tires, for particularly high-quality carbon...
Continental has concluded a long-term purchase agreement with Pyrum Innovations, a specialist in the thermolysis technology of end-of-life tires, for particularly high-quality carbon...
308857
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https://greenbuildingelements.com/frustrated-homeowners-in-illinois-seek-relief-from-skyrocketing-property-taxes/
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Greenbuildingelements
Cook County homeowners are increasingly frustrated as they face significant property tax hikes, with many struggling to understand and address the reasons behind these soaring costs. In a recent FOX 32 Chicago report, several homeowners shared their stories, highlighting the severe impact of...
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https://bitpay.com/blog/layer-2-networks/
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Bitpay
The Important Bits The number of crypto users has risen exponentially since the launch of Bitcoin and Ethereum. Over time, the network traffic on these "Layer 1" blockchains has grown considerably, resulting in higher fees and increased transaction times. One solution to ease network congestion...
FUTURE TIMELINE
COUNTRY FORECASTS
111083
Signals
https://bthechange.com/building-a-sustainable-farm-at-the-intersection-of-industry-and-conservation-9ed27b4d258b?gi=d4c10146187b&source=rss----3a9724ca1cc5---4
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Bthechange
ake, make, throw away — the repetition of a linear economy is no longer viable. We are using the equivalent of 1.6 Earths to maintain our current way of life, outpacing the planet's ability to keep up with human enterprise. We know where the straight line of business-as-usual leads: environmental harm, unmitigated waste, and one-way thinking that does not consider the people and communities that sustain the system.
FUTURE TIMELINE
COUNTRY FORECASTS
228357
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https://www.pymnts.com/news/b2b-payments/2024/making-sense-of-no-and-low-code-b2b-payments-technology/
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Pymnts
B2B payments are famously, even infamously, complex. They entail multiple parties and high transaction volumes, all frequently moved across legacy systems that often necessitate the manual reconciliation of invoice details, payment terms, vendor information and more. . And in an environment where engineering resources are scarce, treasury teams and accounts payable (AP)/ accounts receivable (AR) programs are often lowest on the totem pole for investment dollars and staffing time.
FUTURE TIMELINE
COUNTRY FORECASTS
120018
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https://economictimes.indiatimes.com/news/economy/policy/oecd-comes-out-with-multilateral-convention-to-ensure-mncs-fair-share-of-taxes-where-they-operate/articleshow/104375542.cms
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Economictimes
OECD has come out with a new multilateral convention to check base erosion and profit shifting to ensure that MNCs pay a fair share of taxes in the country of operation. "The ... convention moves the international community a step closer towards finalisation of the Two-Pillar Solution to address...
FUTURE TIMELINE
COUNTRY FORECASTS
144829
Signals
https://www.moneycontrol.com/news/business/budget/budget10-tax-compliance-improves-but-process-glitches-remain-11808691.html
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Moneycontrol
Aside from the introduction of the new income-tax regime - (lower rates, fewer exemptions and deduction), the income-tax department has harnessed technology to make the process of tax-filing easier.For instance, the limit of tax audit for small businesses was raised to a steep Rs 10 crore (Rs 1 crore earlier).
FUTURE TIMELINE
COUNTRY FORECASTS
363599
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https://www.dailymail.co.uk/news/article-13877565/80-000-children-forced-leave-private-schools-Labours-VAT-raid-survey-parents-says.html?ito=1490&ns_campaign=1490&ns_mchannel=rss
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Dailymail
80,000 children could be forced to leave private schools over Labour's VAT raid, survey of parents says By Elizabeth Ivens Published: 18:46 EDT, 21 September 2024 | Updated: 19:02 EDT, 21 September 2024
Some 80,000 children could be forced to leave private schools due to Labour's tax...
Some 80,000 children could be forced to leave private schools due to Labour's tax...
FUTURE TIMELINE
COUNTRY FORECASTS
270307
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https://thecollegeinvestor.com/46703/fintech-crisis-leaves-millions-of-americans-unable-to-access-their-money/
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Thecollegeinvestor
Synapse Financial Technologies, a banking-as-a-service provider, has declared bankruptcy, causing neobanks that use their services to be unable to access customer funds.Popular banking apps like Yotta, Juno, Copper, are impacted, with some shutting down.Over one million Americans may be affected...
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https://digiday.com/media/financial-times-tests-new-ad-products-prove-work/
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Digiday
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https://legalinsurrection.com/2024/08/eu-reminds-elon-musk-of-its-authoritarian-speech-rules-ahead-of-trump-interview/
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Legalinsurrection
The European Union sucks so much.
Thierry Breton, the EU commissioner for Internal Market, warned Elon Musk to avoid "hate speech" during his interview with former President Donald Trump.
Musk will broadcast the interview live on X at 8 PM ET.
Breton mentions the Digital Services Act, the bloc's...
Thierry Breton, the EU commissioner for Internal Market, warned Elon Musk to avoid "hate speech" during his interview with former President Donald Trump.
Musk will broadcast the interview live on X at 8 PM ET.
Breton mentions the Digital Services Act, the bloc's...
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https://www.csrwire.com/press_releases/803586-new-initiative-designed-develop-bilingual-mortgage-loan-officers
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Csrwire
Home News Diversity and Inclusion. Originally published on U.Bank company blog. As a native Spanish speaker who was born in Ecuador and came with her family to the United States when she was two months old, Mayra Riera said she has long had a desire to help people in the Hispanic community and found that working in banking was a great way to do it.
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https://webscrypto.com/when-did-the-defi-project-yearn-finance-officially-launch/
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Webscrypto
Think or picture a financial system in which anyone with an internet connection can access various services — from lending and borrowing to trading and investing securely with no help from any third parties or intermediaries.
With Decentralized Finance (DeFi), it's possible, and this is the...
With Decentralized Finance (DeFi), it's possible, and this is the...
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https://grist.org/transportation/ev-battery-repair-is-dangerous-heres-why-mechanics-want-to-do-it-anyway/
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Grist
About three times a day, Rich Benoit gets a call to his auto shop, The Electrified Garage, from the owner of an older Tesla Model S whose car battery has begun to fail. The battery, which used to provide several hundred miles of range, might suddenly only last 50 miles on a single charge. These...
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https://www.ctvnews.ca/lifestyle/is-it-time-to-revolutionize-the-toilet-1.6780795
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Ctvnews
Consider the toilet — that humble porcelain bowl that spirits away our waste several times a day. It's not a piece of technology that often gets flashy updates (though dual flushing, seat warming and electronic bidet features can certainly elevate it), nor is it a darling of the design world. But...
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https://www.financemagnates.com/fintech/fair-play-in-fintech-how-apples-antitrust-verdict-reshapes-payments/
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Financemagnates
Apple Inc. has decided to open its US App
Store to allow outside payment options, following the Supreme Court's refusal
to consider the company's appeal in an antitrust suit challenging its
practices. The decision comes in the wake of a 2023 appeals court ruling,
which, while affirming Apple's...
Store to allow outside payment options, following the Supreme Court's refusal
to consider the company's appeal in an antitrust suit challenging its
practices. The decision comes in the wake of a 2023 appeals court ruling,
which, while affirming Apple's...
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Insight posts
Insight posts
Debates ensue over companies claiming to predict embryo risk and trait scores.
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https://www.jdsupra.com/legalnews/webinar-brokered-deposits-best-3550338/
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Jdsupra
Nelson Mullins Riley & Scarborough LLP July 25th, 2024. You're Invited! Nelson Mullins invites you to a one-hour webinar entitled, "Brokered Deposits Best Practices for Bank Fintech Partnerships," on July 25. Partners Brad Rustin and Craig Nazzaro along with associate Marianna McDevitt will review the best practices as to how banks should apply the current broker deposit regulations and guidance within their Fintech partnerships and how these approaches will be covered in bank exams.
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https://financialit.net/news/infrastructure/money2020-europe-presents-champions-change
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Financialit
Money20/20, the world's leading fintech show, regarded as the place where money does business, is unveiling Money20/20 Europe's Champions of Change who will be taking their stages at RAI Amsterdam Convention Centre on June 6-8th. Seven influential fintech leaders are presenting or moderating...
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https://coconuts.co/singapore/food-drink/le-cheap-gourmand-7-eleven-its-definitely-a-store-and-more-in-this-economy/
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Coconuts
Why doesn't 7-Eleven use its old slogan 'It's a store and more' anymore?
It's so distinguished and humbling in a know-your-roots way. As I pull up in my Blue SG electric car to the neighborhood outlet, I could hardly recognize my old haunt. More space between shelves, semi-warm lighting, more...
It's so distinguished and humbling in a know-your-roots way. As I pull up in my Blue SG electric car to the neighborhood outlet, I could hardly recognize my old haunt. More space between shelves, semi-warm lighting, more...