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Fintech, the democratization of finance

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fintech finance

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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Understanding The Risks That Come With Driving A Truck

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Being a truck driver is often seen as one of the easiest jobs around, with a lot of people assuming that this role is just a matter of going from A to B. In reality, though, the truck drivers that everyone relies on to transport food, goods, and other essentials have one of the most challenging jobs around. There are loads of risks that come with taking on a role like this, and this post will be exploring them to give you an idea of what the average truck driver has to contend with. 

Theft & Robberies

Many of the world’s criminals don’t plan their attacks. Instead, they will act when they see an opportunity, and a heavily laden truck can be a clear invite to someone who is willing to break the law. Truckers have to work hard to protect their cargo, especially when they make overnight stays, with many professionals in this field choosing to sleep in their truck to make sure that they don’t find themselves with nothing to deliver. 

Accidents & Crashes

Accidents are becoming increasingly common on modern roads, with more and more drivers increasing the risk that a truck will hit something. If you ever find yourself in this position, you can discuss your case with an expert truck accident lawyer to make sure that you can get the help you need. This process can be hard, and drivers are often left without their truck while they work to get compensation. This can make it impossible to work, making an accident the last thing any trucker wants.

Accidental Death

Trucks are usually very large, carrying huge amounts of weight around with them over long distances. It can be all too easy for a simple mistake to result in someone dying, with pedestrians and other drivers to worry about. Causing an accidental death can be almost as bad as doing it on purpose, with people often going to prison when this sort of issue occurs. Taking advanced truck driving courses can be a good way to lower this risk.

A Dangerous World

It’s no secret that the world can be a dangerous place, and truck drivers often have to visit places that are nowhere near as safe as their home to get their job done. This puts a huge amount of risk into the job, especially for truckers that carry expensive goods through places that don’t have the right legal infrastructure to help them in an emergency. This sort of problem occurs quite often, but this is much rarer than the other issues on this list, as many truck drivers stick within their home country.

As time goes on, the role of a truck driver is going to change quite a bit. Autonomous trucks are already in development from several key companies, making it only a matter of time until the largest vehicles on the road are largely controlled by computers. Until this point, though, you are going to have to rely on your truck drivers for the items you need.

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4 Ways to Boost Your Home’s Value

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We all know how important it is to take care of your home to make sure that it lasts for as long as you want to live there (and beyond, too). But, when it comes time to move, you want to make sure you can get as much money as possible from your home. To do this, you need to think of how you can add value to your home now, and here are four of the best ways to do that. 

Add Some Luxury 

Luxury is not something everybody wants from their home. Some people prefer the modest and rustic styling of a family home, away from all the minimalist nonsense. However, there is the other side of this, and for others, luxury is a dream for homeowners. 

There are plenty of luxury options available, too. These can include a home gym, a welcoming spa or large bathtub, or even an outdoor pool. You must research the best companies to install this, and find adequate Waterproofing and Concrete Supplies to make it a success, but whichever luxury options you add to your home, you’re guaranteed to increase its value. 

Make It Rentable 

If your kids have moved out and it’s just you, your partner, and the goldfish left, you can consider making your home rentable if you want to increase its value. Transforming your child’s old room into a place for someone to stay during their travels is an easy way for you to make some money, but you can also take it a step further. 

If you want to increase the value of one property, there are few better ways than to transform it into several properties. If you convert the upstairs area into an apartment, you (almost) double the property’s worth, especially if you’re in an appealing part of the city. 

Consider Curb Appeal 

Curb appeal is arguably one of the most effective ways to increase your property value without spending too much money. Often, it only takes a quick mow of the lawn and replacing the flower beds to make it more attractive. You can also add a fresh coat of paint that will make your home stand out, and this will immediately attract the right kind of attention, especially compared to the drab colors of other homes on the block. 

Expand the Space 

Renovations and extensions are two excellent ways to maximise your home’s value as they will immediately add more space. This is perfect if you want to modernise your home by upgrading the kitchen or adding an en-suite to the master bedroom. 

However, some renovations can be more hassle than they are worth. So, before you do anything, make sure you research reliable construction companies in your area so you don’t get taken for a ride. 

Boosting Value 

Improving your home’s value can be expensive, but hopefully, the work is good en0ugh that it adds at least a zero to the end of your property’s price when it goes up on the market. If you can’t afford a substantial renovation or installation, there are also small but effective options to consider. It’s all about what you want, what you can afford, and how much you need to spend on your new home.

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How To Offer Further Value To Your Clients

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It’s important to never take your clients for granted. That said, sometimes businesses can get lazy, especially when it comes to taking care of their most loyal. It can even be that businesses make riskier decisions as a result, or just expect their clients to follow them everywhere.  

If 2020 has proven anything, it’s that businesses simply cannot rely on the past to dictate their future. For this reason, moving into the new year can provide us all with a chance to consider how to make the most of our presence, and how to keep those who trust us as a firm around. For this reason, figuring out a few ways to offer further value to your clients can only be a good thing. Not only will this allow them to recommend you more sincerely, but they will retain their consumer confidence for now and throughout the rest of this year, which is never something to be taken for granted as everyone is having to manage their financial affairs more tightly.

But how could you achieve this/? Let’s consider:

Offer A Modular Service

It can sometimes be that offering a modular service is best. That is, changing your packages to ensure staff can buy what amount of your service or product set they want can be a great idea. For instance, if you sell desks, why not also sell desk parts so people can upgrade? This way, you can encourage purchases that may not have otherwise happened. It can also help you better appeal to more people, people who believe that a modular service is the essence of business promotional confidence.

Use Outsourced Help Where Appropriate

It can be a great idea to offer certain services that may go above your reach, just to go the extra mile for certain clients. For this, you might not have to completely refer them to another service. Using an outsourced helper, such as a graphic designer, printer or someone with technical or consulting capacity, can really help you deliver the best of the best. They may also help you better your services through advice and direct assessment of your services, helping you avoid learning the hard way. Contractors can help you out in a pinch, or serve as long-term aids. That can be a boon for many businesses through and through.

Listen To Their Needs

Of course, you can think up a million methods to help your clients, but do you actually know what they want? It can’t hurt to ask sometimes. This doesn’t mean the customer necessarily knows what they want, or how they are best served, but it’s worth taking their opinions into consideration when designing your future. This might influence you when making the tough decisions, or when considering your future marketing, or even if just wanting to determine who cares enough to respond to your survey. It can truly make a huge difference going forward.

With this advice, you’re sure to offer further value to your clients, and to connect with them more readily, through and through.

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