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Fintech, the democratization of finance

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New technologies are a powerful tool that is available to everyone. 67% of the world’s population has a cell phone, and the use of electronic devices with Internet access is increasingly widespread in both developed and developing countries. We live in an incredibly connected world, where people everywhere have access to an abundance of content and information.

More and more sectors and institutions have an online presence, and the financial sector is no exception. Banks manage their data on the web, and many have platforms to facilitate their transactions to users, allowing people to have more direct control over their money and manage it at any time from anywhere. 

Digital finance or Fintech, coupled with online commerce, has opened up a new way for consumers to relate to the dynamics of buying and selling where both sides are benefited. The benefits of internet money management and online commerce facilities are well known. Still, there are many other areas where digital finance has impacted the world, helping the development of many communities and individuals.

Access to finance 

Just as online businesses have emerged, financing platforms have also found a space on the web, their purpose being to provide credit and loans to their users without being a bank. These platforms can be accessed through websites such as https://bonsaifinance.com/loans/same-day-payday-loans/. Traditional methods of financing require many procedures and requirements, so they take a long time to be approved, and there is no guarantee that they will be approved. Online financing platforms are more flexible and provide facilities for users who need to apply for loans.

Financing platforms not only streamline procedures for obtaining loans but are available to many more people. In developing countries, people from the most vulnerable communities often do not have access to traditional financing methods. The lack of funding reduces investment and eliminates opportunities for people to improve their quality of life. Through the financial self-management enabled by online financing platforms, people can manage their projects and improve their economic prospects.

Online financing platforms grant loans and credits to people who do not have a good credit history or who work independently and do not have a salary, both cases for which traditional financing methods are not an option. In each country, these services can be found on the web, and each platform operates differently. But the existence of these sites has boosted the democratization of financing.

Ecological benefits

Fintech, impact on daily life and has implications in the environment. The use of e-money and blockchains are direct ways of migrating monetary operations to the digital field. Cashless payment systems are being used in countries as China, and have gradually implemented in the rest of the world as well. 

Digital money and crypto-currencies are not the only ways Fintech impacts the environment. The existence of platforms where people can together finance green projects and crowdfunding has a direct impact on the development of renewable energy. It is the way many non-profit organizations support their activities.

A clear example of the ecological benefits of Fintech is in the ways that individuals invest in renewable energy, previously the most common way to do so was through the purchase of solar panels, but this investment was expensive. Today there are ways to invest in renewable energy by financing the projects of various institutions working on it, including deciding whether to finance one type of renewable energy and distribute that fund among several projects or direct it to a single company. 

Social benefits

The connection that new technologies allow keeps people together at a distance. Online payment and wallet platforms are great promoters of globalization. These types of platforms will enable a person to work in a company on the other side of the world and be able to regularly receive their salary without even needing a bank account in the country where he was hired. Traders and freelancers have especially benefited from this, and it is one of the ways that people from countries with weaker economies can improve their quality of life. 

These platforms allow people to more easily pay for basic services and send money to their families if they are in different countries, and are often used by migrants for these reasons. Donations received by many organizations with social causes are also made through these internet platforms, as to allow quick transactions to be made. 

Digital finance enables people to have greater control of their money and to be able to mobilize it around the world, increases investment capabilities and enhances financial freedoms. The possibilities for optimizing income are greater today than ever before. Fintech continues to innovate every day by finding better ways to impact personal finance and the global economy to give individuals a higher level of financial autonomy. As the world advances with new technologies, old institutions are losing the credibility of people who prefer to use independent platforms to manage their savings and investments.

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Student @ Advanced Digital Sciences Center, Singapore. Travelled to 30+ countries, passion for basketball.

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Matica’s CEO Sandro Camilleri speaks about security in digital payments

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One thing is for sure: the COVID-19 pandemic accelerated many behaviors and trends that once were holding their pace. A great example can be found in digital payments and online shopping. According to Rakuten Intelligence, from March through mid-April, e-commerce spending in the United States increased more than 30% compared to the same period last year. When it comes to worldwide scores, it reaches the surprising increase of 74%.

Although books and cleaning products led the ranks mapped by Rakuten, specialists argue that digital payments and online shopping are here to stay, as much as it has already been observed in Asian countries. In this sense, securing financial transactions and protecting consumer data became a mandatory issue to be addressed both by companies and the government.

As a leading European company in the processing and printing of cards and identification documents for security systems, Matica Technologies is dedicated to granting safety and technological solutions to businesses dealing with financial transactions online. According to the CEO and founder of Matica, Sandro Camilleri, the advent of digital payments is a revolution similar to that which technology has caused and is currently causing in other areas, such as transports. “It is an inevitable revolution, which citizens will have to get used to, and which must therefore be managed in order not to risk unintended consequences, being the key issue obviously safety,” he argues.

Camilleri stresses that there are two different phases when it comes to digital payment security. A first one is about information and personal data storage, one of the greatest topics of our time and also a potentially enormous market sector. The second, less discussed though equally important, is guaranteeing strength and security for the financial transaction itself — and this is a purely technological issue. “The use of chips that are equipped with incredible memories, high precision lasers and holograms makes it extremely difficult, not to say impossible, for any attacker to clone a card produced by us. Secondly, the transaction must be secure thanks to specific and constantly updated software,” explains Matica’s CEO.

Now, when it comes to privacy, Camilleri states that people must be aware of what is at stake when data is leaked and why such occurrences are so alarming. With more and more appliances being automated and connected to computers and to the internet, such as is the case for cars and home security systems, cyberattacks could lead to consequences that are not only terrible, but tragic. 

In such situations, Matica’s CEO believes that only biometric data could spare individuals from having their systems hacked, though this data must be filed with care and used only for strictly necessary purposes. In any case, Camilleri argues that using biometrics is becoming day by day more inevitable with the increasing rhythm of automation, and this is a feature that can already be found in some of Matica’s available systems, such as is the case of the passport series.

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The Importance of Branded Clothing

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When it comes to the basics of branding, it’s essential that you don’t skip out one of the most important aspects of your store; clothing. When it comes to creating a professional image for your business, first impressions count and you want your customers to believe that you are a credible and reliable business. The best way to achieve this excellent first impression is to pay more attention to the appearance of your staff and creating a consistent company image.

So here are a couple of tips that will explain the importance of branded clothing and why you should invest in it.

Creating a sense of team spirit

One of the biggest advantages of having branded clothing in the workplace is inspiring a sense of team spirit. It’s important to have everyone on board when it comes to running your business. It could be your brand message, commitment to customer service or even your values as a business. Whatever the case is, having everyone wear the same uniform can help promote teamwork in the workplace.

It’s an inexpensive way to show professionalism

It’s surprisingly cheap to purchase customer embroidered badges to sew onto plain shirts. This is an inexpensive way to create a branded uniform and also means that you can remove the badges when the shirt is ruined and then stick it to another shirt. It also means you can just buy blanks in different sizes instead of having multiple shirts printed. This is usually a much better option than pre-printing a bunch of shirts and hoping that they fit a new staff member. If you take this approach, you’ll find that you can easily create a sense of professionalism on a budget.

Showing who the staff members are

When you first walk into a store, it’s easy to tell who the staff members are if they’re wearing branded clothing. They’re easy to identify and recognize which enhances the customer service, especially in a relatively large store. For instance, if you run a clothing store with multiple floors, then having staff members in uniform will ensure that your customers know who to speak to if they need assistance.

It inspires confidence in your shoppers

You might not notice it immediately, but people will react more positively to your brand if they see that you and your staff are proud of your work. Having a branded uniform means that your staff are more than happy to represent your business, and this inspires a sense of confidence in shoppers that is difficult to achieve in other ways. They want to see that your staff have faith in your brand and a branded uniform can show this in a subtle way.

At the end of the day, a business doesn’t need to force its staff to wear a specific uniform. We’ve probably all seen or experienced it before; a store clerk or staff member that isn’t wearing a specific uniform. However, there’s no reason why you shouldn’t create a consistent and professional brand image with your clothing.

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5 Main Advantages of Colocation Hosting for Your Business

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Your organization requires a data center business plan if it is going to move forward to expand smoothly. Thus, you must look at your IT needs and decide what is to come so that your business can grow. If you are not sure whether outsourcing to a colocation facility is right for your organization or not, read on to learn what to consider.

1. Many Connectivity Options

Rather than building a private data center, which is a major capital expenditure, many companies choose a migration of their data instead. The range of connectivity choices available makes colocation a great choice in several cases, particularly if expanding the company’s infrastructure is necessary. Rather than laying down and integrating expensive cables, it is often more budget-friendly to use colocation facilities that easily connect to leading providers of internet services, network services, and more.

2. Scalability

When your current data solution is no longer enough, then it is time to consider scaling the IT infrastructure so that your business can continue to grow. Using a colocation provider allows you to agree together on service terms that allow you to scale services as necessary. If you’re interested in this scalable solution, check this page out for more information.

3. Less Downtime

A big benefit of colocation hosting is less downtime. An outage is costly for any company because it means less work is being done then, which equals fewer sales. Significant work must go into catching up on operations afterwards too. Thankfully, colocation data centers reduce downtime and maintain hardware because they have many supports, including different power sources and physical security.

4. Data Security

This point is essential. Your business has data that you need to ensure is secure for your customers and for the organization generally. Keeping patented data out of competitor hands is important, and you have an ethical obligation to your customers to safeguard their personal details too. Thankfully, colocation data centers have cutting-edge security measures in place. The colocation facility also has many policies that align with compliance regulation for various types of data, which means you won’t have to worry that you are vulnerable to lawsuits.

5. Lower Costs

Finally, colocation reduces costs in many ways for your growing organization. For example, you will save money as you will consume much less power after the relocation. Not only that, but you won’t have to own and operate hardware for networking because that is taken care of by the trusted colocation provider.

Deciding to Make the Move to Colocation Hosting

If your business has complex needs for an internet infrastructure, colocation can offer significant benefits, including saving money, state-of-the-art security methods, and scalability. It’s nice not to have to worry about infrastructure anymore too.

When your business moves to a colocation data facility, you can then focus on daily operations and an expansion strategy, rather than spending time managing an on-site data center. You can spend your time efficiently by outsourcing in this way, which makes it a successful part of building your company’s future.

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