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Thailand’s Largest Bank to Launch New FinTech Platform

Thailand’s largest bank by revenue, Kasikornbank Pcl, has unveiled that it is planning to introduce a new FinTech platform by the end of the year as it attempts to prevent fee income from its rival banks. In a report from Bloomberg, Kattiya Indaravijaya, one of the four presidents at the Bangkok-based company, said that the goal was to produce faster, easier and lower-cost online banking transactions. There are also talks with overseas companies to create the digital payments platform. According to information from the Bank of Thailand, Thai mobile and Internet banking transactions increased...

CRYPTO POLITICS

Austria’s Biggest Utility Company to Test Blockchain Energy Trading

Wien Energie, Austria’s largest regional energy company, is joining a group of others from the industry to participate in a blockchain pilot with the aim to cut down costs related to energy trading. The energy giant will use Canadian blockchain firm BTL’s proprietary Interbit platform. Launched in early 2016, Interbit is a multi-chain remittance platform based on distributed ledger technology...

Bank of England Explores Blockchain, Says Digital Currency is Far Off

In a transcript of a cancelled speech released online today, Bank of England Governor Mark Carney cited a “central bank digital currency” as a development that could result from its ongoing distributed ledger proof-of-concepts. The remarks come as global central banks begin to experiment openly with distributed ledgers, a technology inspired by the decentralized, public ledgers used...

Is Bank of America Trying To Monopolize The Blockchain?

In addition to the previous 15 blockchain patents filed, Bank of America is now trying to patent some of the uses of the Bitcoin technology, writing a draft of 20 more patents to be sent to the U.S. Patents and Trademark Office by the end of this month. So, it seems Bank of America is trying to take control over the Blockchain by getting 100% of the patents covering Blockchain technology.  And...

Meet the Ex-Banker Using Ethereum to Take On Traditional Hedge Funds

In the world of hedge funds, the old adage really is true: you have to have money to make money. The barrier to entry for an individual investor is frequently $500,000, with portfolio managers themselves needing as much as $200m just to get started. But the potential rewards are equally large. It was a tough lesson to learn for Mona El Isa, a former Goldman Sachs vice president, who after being...

What's Hot from World

Why does Kenya lead the world in mobile money?

PAYING for a taxi ride using your mobile phone is easier in Nairobi than it is in New York, thanks to Kenya’s world-leading mobile-money system, M-PESA. Launched in 2007 by Safaricom, the country’s largest mobile-network operator, it is now used by over 17m Kenyans, equivalent to more than two-thirds of the adult population; around 25% of the country’s gross national product flows through it. M-PESA lets people transfer cash using their phones, and is by far the most successful scheme of its type on earth. Why does Kenya lead the world in mobile money? M-PESA was originally designed as a...

Financial News

Bank Of England: ‘Tougher Regs’ For ‘World’s Leading Fintech Center’ London

UK fintech businesses should prepare for a more “intense regulatory focus” in the future, the Bank of England has said sharing its vision of post-Brexit London. The Bank’s governor, Mark Carney, also stated in a speech Wednesday that despite Brexit negotiations, London was to become the “world’s leading fintech center.” Fintech could ‘exacerbate financial volatility’ The somewhat contradictory remarks from Carney were made in his capacity as chairman of the Financial Stability Board, a Swiss-based group which makes recommendations to G20 countries. He said that fintech companies en masse...

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Technology

Hublot Art Of Fusion: A Different World

If there’s a brand that can be relied on to pull out all the stops and execute the craziest ideas, it is Hublot. The brand’s releases in the past few years would be proof aplenty. Consider the MP-05 LaFerrari, for instance. How many watch companies could believably market and sell a watch featuring a stack of 11 barrels in series to achieve a record-breaking 50-day power reserve? Said astonishing...

Sound Investment: Ixoost EsaVox Speaker System

The Ixoost EsaVox Speaker system is inspired by a Lamborghini’s quad exhaust and ventilation set up, giving new meaning to the idea that supercars produce sweet music with their exhaust notes. While this is not a new idea – sound systems with supercar branding – this effort comes with Lamborghini’s seal of approval. Like the most exclusive and most extreme cars in production, the Ixoost EsaVox is...

Shaddai: All-Powerful Mega Yacht

The concept of power varies with each individual. In the case of Gabriele Teruzzi, this translated into his design of the mega yacht concept called Shaddai. The name translates to “Omnipotence”, meaning all-powerful. History is full of structures that were conceived with this in mind — from the Pyramids of Egypt to modern skyscrapers. Measuring 150 meters, the mega yacht brings you closer to both...

This 1 Weird Trick Extends Your iPhone Battery Life

iPhone battery life has been the subject of many experiments, articles and arguments, but the mystery behind just how long your phone will last is still a case causing issues worldwide. As expected, the majority of those experiencing poor or unreliable usage times have older (1 or 2 generation late) devices, but even brand new phones can be disappointing when it comes to the power department. The...

Celebrities & Entertainment

Algrave, Portugal Foreign Property Investment Haven

Although sometimes overshadowed by its glitzier Iberian neighbour, Portugal’s Algarve coast has long attracted retirees and holidaymakers seeking Mediterranean beaches, award-winning golf courses and year-round sunshine. The most developed stretch of coastline is between Lagos and Faro, where cliff-side resorts overlook sandy coves. To the east, a string of sandbar islands and lagoons form a protected natural park and to the west, a wilder, more remote Algarve meets the restless Atlantic Ocean. Like some other holiday-home destinations in Europe the Algarve was hard hit by the 2008 financial...

Fashion - Shopping - Travel

Blockchain Comes to High Fashion

After FinTech and InsurTech, with some considering blockchain’s use for music, movies, and social media, Fashion Tech may be the next buzzword to describe blockchain’s disruption. Shanghai’s fashion week opened yesterday with all the glitz and glamour of high fashion, but uniquely, one up and coming fashion brand, BabyGhost, featured blockchain connected dresses in collaboration with VeChain. To prevent theft and ensure the dress is genuine, a small NFC chip is embedded containing a private key accessible by scanning with a smart phone. In interaction with the blockchain, the app can inform...