From their inception in the early 2010s, until their meteoric rise to fame in 2017 on the back of Bitcoin’s astronomical bull market, digital (crypto) currencies were relatively obscure. Despite this, the technology behind them, blockchain, has robustly demonstrated its potential for use in financial services. As a cryptographically…
EXIM
Legal Tech Held Back By Low Connectivity In Africa
Legal tech, is slowly taking off in Africa, and like in many other parts of the world, it is helping to disrupt the legal services industry, which has traditionally been very conservative. Such companies are levelling the playing field and ultimately benefitting the consumer. Outfits like Lenoma, for…
Four Major World Bank Development Projects In India To Spur Resilient And Sustainable Economy
Recently, the World Bank has committed to supporting four major projects in India that are expected to drive a range of development initiatives. The approval for these projects, worth over USD 800 million, was granted by the Board of Executive Directors of the World Bank in December 2020. Focus areas…
Fraud in Trade Finance
Trade finance involves cross border transactions, both financial and physical, along with diverse players, languages, jurisdictions and other variables. This makes it attractive to fraudsters and financial criminals. Therefore, it is the duty of every responsible trade finance provider to take necessary steps to mitigate the risk of fraud. At…
Increased Trade Opportunities Between India & USA Soon
The US is India’s top trading partner, but the two have not entered into any new trade agreements in the recent past. In fact, India has not entered into any trade agreements since 2012, largely due to internal politics. Most recently, India turned down an opportunity to be part…
China Vs. India: Demographic Milestones
China and India are long-time rivals, competing against each other in almost every sphere. They are not only Asia’s largest economies but also the world’s most populous countries, and India is just about set to take the lead in this area. When this happens, it will be one of the…