Digital finance gives civilians and companies access to payments, savings, and credit products without ever stepping into a bank branch. This is possible through digitization. It can turn a smartphone into a wallet, a checkbook, a bank branch, and even an accounting ledger. The advances in tech...
Accessibility:Digital banking breaks down geographical barriers, allowing users to access their accounts and services from anywhere in the world. Whether you’re traveling, living abroad, or simply unable to visit a bank branch, digital banking ensures that you can manage your finances without any l...
Although digital banking has improved upon the traditional banking model, it could do more to revolutionise modern finance. Decentralised finance (DeFi) looks to make banking more accessible and more flexible for today's global population. Banks should look to DeFi to discover ways to improve ...
What Is Decentralized Finance (DeFi)? Decentralized finance (DeFi) is an emerging peer-to-peer financial system that uses blockchain and cryptocurrencies to allow people, businesses, or other entities to transact directly with each other. The key principle behind DeFi is to remove third parties li...
Major digital wallets like Apple Pay, Samsung Pay and Google Pay are dependent on the phone you carry. You can’t use Apple Pay on an Android phone, for example. So by sticking to a specific brand of phone, you’ve also chosen a potential digital wallet. PayPal is an exception because...
The Reserve Bank of India (RBI) is looking into the potential of using the central bank's digital currencies for cross-border payments, through a shared platform developed under the Bank for International Settlements (BIS) led Project Dunbar. This exciting development is closely tied to t...
Private cryptocurrency is banned in China, but the country has still been dabbling in digital currency. In fact, China’s central bank, PBOC, has created themost advanced market applicationof CBDC to date. China’s CBDC pilot of e-CNY relies on private-sector banks to distribute and maintain...
Digital money is similar in concept and use to its cash counterpart in that it can be a unit of account and a medium for daily transactions—it is treated the same as cash. For example, the dollars in your bank account are digital—banks no longer store physical cash for clients. When ...
DeFi — short for decentralized finance — is a new vision of banking and financial services that is based on peer-to-peer payments through blockchain technology. Via blockchain, DeFi allows “trust-less” banking, sidestepping traditional financial middlemen such as banks or brokers. What’s in...
Impact investment fund reports provide information about the real-world changes the fund is making through its investment choices. However, specific investments aren’t the only ways of making an impact; activism can also have an effect.