A look at last year’s vibrant unicorn startups from India. The Indian startup ecosystem has become one of the most vibrant and dynamic entrepreneurial hubs
Legendary actor Al Pacino said it best in his movie Scarface—“The eyes chico, they never lie”. The statement is true in both the real and virtual worlds. In the rapidly evolving universe of biometric authentication methods, we have become familiar with technologies like fingerprint and facial recognition. However, there’s a new groundbreaking player in town—iris-scanning technology.
Are you ready to revolutionize your investment approach and maximize your profits? Consider robo-advisors—the AI-powered automated investment advisor that uses algorithms to provide financial advice and manage investments. They are typically much cheaper than traditional advisors, and they can be a good option for investors—even beginners—who are looking for an automated and efficient way to manage their portfolios.
Innovation in the financial technology (FinTech) space has reached new heights, thanks to the rise of technology. With the rapid transformation of the financial industry, FinTech companies are at the forefront of this change, using technology to disrupt traditional banking and offer innovative solutions to meet our financial needs.
In January this year, the U.S.-based Hindenburg Research released a report accusing the Indian conglomerate Adani Group of stock manipulation and accounting fraud. The report received widespread media coverage, causing Adani’s stock prices to plummet. The founder and chairman of the Adani Group, Gautam Adani, lost US$34 million of his net worth in just a week after the report was released.
The recent spate of bank failures in the U.S. has sent shockwaves through the financial world, with experts warning of a repeat of the 2008 crisis. In just one week in March, we saw the failure of two banks—Silvergate Bank, which announced plans for liquidation, and Silicon Valley Bank (SVB), which struggled to cut losses on bond investments because of inflationary conditions.
Further to the introduction of the proposed Hong Kong’s new Foreign-Source Income Exemption (FSIE) regime as discussed in our article A Challenge to Hong Kong’s Long-Established Offshore Tax System in October 2022, the relevant legislation has been enacted and became effective on January 1, 2023.
FinTech startups are on the rise nowadays. Thanks to innovative technologies like blockchain and artificial intelligence (AI), it’s easier than ever to revolutionize the finance sector. However, getting a FinTech startup off the ground is far from simple. It requires immense amounts of research and planning in order to be properly ready for launch.
Cryptocurrency can be a difficult concept to understand. Is it something fluffy out on the internet or is it an actual currency? The difference between cash currency and cryptocurrency is how the latter uses virtual coins or tokens. And the idea of cryptocurrency is that you can trade with other people who own crypto without depending on a bank. Let’s look at how to use cryptocurrency.
The Forex market is one of the fascinating markets that exist in today’s global economy. With its expanded trading hours, hundreds of different possible trading pairs and incredible liquidity, it makes for a very fast-paced and dynamic trading ground. Some currencies are traded much more than others, however, for a range of reasons including the strength and growth of the economy and the perceived safety of the currency. We look at five of the most traded pairs of currencies in the Forex market in 2022.
India is one of the world’s fastest-growing economies and speedily emerging FinTech hubs. As of June 2022, the country had around 4,200 FinTech startups, 17 of which were unicorns, i.e. companies that reached a valuation of US$1 billion without being listed on the stock market. In comparison, China is home to only 13 FinTech unicorns. There are many more Indian startups on the brink of the US$1 billion dream, dubbed “soonicorns”, a testament to India’s flourishing FinTech industry.
If you are an avid football fan you would be well aware that organizing the FIFA World Cup hasn’t been a cheap venture for any of the hosting countries. Qatar spent US$220 billion for the preparation of the 2022 event; similarly, Russia and Brazil spent US$14 billion and US$12 billion on the tournament in 2018 and 2014 respectively.
In November this year, two big league crypto businesses, FTX and BlockFi, filed for bankruptcy. FTX had a death spiral after news broke out that the Sam Bankman-Fried-owned exchange had used customer funds to make risky bets through his hedge fund Alameda Research. On the other hand, FTX was closely associated with BlockFi, with them having signed a loan agreement with each other and BlockFi holding US$355 million in digital assets on FTX.
For those in the entrepreneurial space, raising funds can be very challenging. Not only is it difficult to find the right investor for your startup, but it is also hard to convince said investor to put money into your venture. With over 75% of venture-backed companies failing, the venture capitalist (VC) you approach is taking a serious risk when putting their money into your startup.
Foreign exchange trading can be a tricky business. When it comes to choosing what tools will be the most effective in your forex trading journey, there are a few aspects to consider. Whether you are a brand-new trader or a seasoned veteran, some of these tools will always be handy to help you not only find the diamonds in the rough but also stay focused on your goals.
According to Natixis Global Retirement Index 2021, 36% of Americans believe that they will never have enough money to retire, pointing to a major need to increase your savings early on in your professional career so that you can retire easily. And that’s where FIRE comes in. Financial Independence Retire Early, FIRE for short, is a term that has its origins in the personal finance book “Your Money or Your Life” by Viki Robin and Joe Dominguez.
