Finance
The benefits of Banking as a Service for traditional banks
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Hashstack launches Open protocol testnet, offering under-collateralized loans
The DeFi lending and borrowing market has grown significantly in volume as new lending protocols continue to attract capital and NFT-backed loans become more popular. According to Dune Analytics, the top three platforms in terms of market capitalization are Aave (AAVE), Maker (MKR) and Compound (COMP). These platforms, however, still are facing issues when it comes to collateral requirements and volatile digital assets. Hashstack Finance is a DeFi platform whose crypto-native lending protocol, called Open, is trying to provide a solution to collateral requirements, specifically the over-collateralization of loans. Hashstack announced on Monday the release of its closed beta testnet that enables the opposite: autonomous under-collateralized loans. Built on the Harmony blockchain, ...
EBIDTA, AOI, OIBDA, WTF? Why Companies Report Different Financial Metrics
With music companies’ fourth quarter earnings starting to roll out this week, news reports have been filled with the usual alphabet soup of accounting jargon, abbreviations and acronyms. It can get confusing, especially since some of the most visible financial metrics don’t have strict definitions. Spotify, Warner Music Group, Live Nation, SiriusXM and other companies publicly traded in the U.S. adhere to what are called Generally Accepted Accounting Principles set by the Financial Accounting Standards Board. GAAP standards allow investors to reasonably trust companies will fairly represent their business results using the same rules and language. Left to creatively interpret their own finances, companies would have different approaches to measuring their revenue, expenses and liabilities....
New “neo bank” integrates invoicing and payroll services
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Account-to-Account set to transform payments landscape
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5 Fraud Solutions Every Financial Institution Should Have In Place
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DPO Group granted regulatory licence to provide payments services in Nigeria
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Low-Orbit Satellites May Improve Banking for Developing World developi
Will residents of the developing world thank their lucky stars as low Earth orbit (LEO) satellites start to usher in the next era of global digital transformation? The cause of Africa’s internet deficiency is, predictably, cost. Africa has the most expensive internet in the world. According to the Alliance for Affordable Internet, Africans pay on average 8,8% of their monthly income to purchase 1GB of data, compared to 3,6% in Latin America and 1,5% in Asia. In some cases, like Chad, the DRC, and CAR, 1GB was found to cost as much as one-fifth of earnings. South Africa has the highest data cost among Africa’s 5 largest economies. The Global System for Mobile Communication’s ( GSMA) State of the Mobile Internet Connectivity 2020 report highlights that in Sub-Saharan Africa mobile ...
LipaLater Secures $12M in New funding to Expand Across Africa
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Report: South Africa ranks 21st in crypto ownership
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A closer look into the African banking industry
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2022 Prediction: 3 more countries to adopt Bitcoin as legal tender in 2022
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