The real time data & #AI powdered channels are dodging the data sparsity #Blockchain possessed in being applied to #agriculture.The data flow through supply chain is run with Blockchain in agriculture resulting in decrease in transactional costs & transparency in data exchange.
#Blockchain & #IoT can work together to:
1.Provide continuity in information flow
2.Detect fraud intervention
3.Access data flow in the system
Experts say that Blockchain and IoT can together save more than US$31b in the next five years by skirmishing food fraud.
#Blockchain in #Agriculture & #FoodSupplyChain has hard-hit globally. The #marketsize is around USD 133m in 2020.The market will reach USD 948m by 2025. Food safety has rising concern globally which has become the major driving force for infusing technological #innovation in it.
Blockchain & Food Supply:The #distributedledgertechnology called #blockchain ensures transparency while protecting the privacy of the parties involved.#Digitally-assisted #foodsupplychain would tell the consumers where the item is from, farmers who harvested it & other info.
ATMs were outcomes of #FinTechinnovation. In 1860,banks used technology for verifying https://t.co/k1d9CjL0RJ 2019,#JPMorgan invested $25m in #FinTechstartups!#CapitalOne initiated ‘Banking Cafes’ for customers. #Citi joined with 3rd party programmers to get API tested
#Digitaltransactions are occurring at higher rates than ever.#FinTech industry to reckon the different levels of the financial industry.The FinTech industry is experiencing radical restructuring mainly focusing on:
#DigitalMoney
Trust Built
Multi-application & #Technology
#LatinAmerica is partnering with #FinTech firms to initiate #DigitalTransformation ventures that will boost financial access, integrating with #thirdparties practicing outmoded financial systems through viable answers like open banking.
Finch Global’s #FinTech#DigitalPassport to ease the regulated services like #KYC, #KYB & #AML checks of the financial industry,Finch Global has launched shared services.They’re going to collaborate with merchant contributors with the agenda of backing a wide variety of business.
Singapore FinTech Association #SFA & #Nexia TS have jointly announced the launch of #NexiaInnoLab with the objective of engaging business from various verticals on technological solutions.The MoU was signed in the presence of Ms.Indranee Rajah,2nd Minister of Finance & Education
FinTech Funding Recoiling!The online payment processing company #Stripe managed to raise $850m & #Robinhood managed to raise $430m.#PayPal could raise $204.6 followed by #Adyen, #Square, #Varo, #Oscar, #Carta & #FunBox. To know more about FinTech visit: https://t.co/5noKYpyYSS
Latest Analysis is not so good for #FinTechstart ups. Investors want to work with amateurs.Investors were largely pulled back during the first quarter due to the #FinTech fund hedging. It is said that investors want to maintain or increase the liquidity of their funds.
#FinTech’s #InsurTech is soaring in the Oriental region.#AsiaPacific will have 42% of global insurance premiums.#China will be holding the major InsureTech market share that will totalize to 20% by mid-2030.#Singapore is regarded Insurtech power house that supports start-ups.
#China’s financial services ecosystem is vividly changing ever since its development in the #FinTech field. #McKinsey&Co partner Joe Ngai said, “Chinese FinTech companies have been expanding overseas.” #Alibaba ‘s #Alipay taking advantages of #Globalization for expansion.
#France and #USA have decided to strengthen together their #FinTech relation by signing a #MemorandumofUnderstanding#MoU. The same has been signed between New York State Department of Financial Services #DFS and Autorite’ de Controle Prudentiel et de Resolution #ACPR
#India Outperforms #China in FinTech:The first quarter of 2020 witnessed the worst time for VC markets in the #FinTech sector.The VC supported FinTech activities dropped to 6.1 b$ through over 400 deals. In Q1 2020, FinTech start-ups had only just over 200 deals and $ 1b funding.
#UAE's #FinTech Innovation!
#MasterCard, the leading payment technology company and the tech ecosystem based in Abu Dhabi Global Market Square named #Hub71 signed a Memorandum of Understanding (MoU) for nurturing global #FinTechstart-ups and technology companies.