Bitcoin, Blockchain, and the Future of Financial Transactions

2015 ◽  
Vol 32 (3) ◽  
pp. 18-24 ◽  
Author(s):  
Charles G. Cascarilla
Keyword(s):  
The Future ◽  
Financial Transactions

scholarly journals Pengenalan Manajemen Keuangan Sederhana Pada UMKM Bank Sampah Lestari 25, Kota Serang

2021 ◽  
Vol 1 (2) ◽  
pp. 40-61
Author(s):  
Ranila Suciati ◽  
Zackharia Rialmi ◽  
Siti Hidayati ◽  
Ranti Nugraheni
Keyword(s):  
Community Service ◽  
Financial Management ◽  
Investment Risk ◽  
Community Group ◽  
Financial Reports ◽  
Economic Problems ◽  
The Future ◽  
The Government ◽  
Waste Bank ◽  
Financial Transactions

Bank Sampah Lestari 25 is a community group in Serang City that carries out business activities to utilize waste to be managed with a system of refuse, reduce, and recycle. This effort is certainly a form of public concern in helping the government improve environmental cleanliness. In addition, of course, you will get income to improve people's welfare and advance the economic structure. The absence of financial management carried out at Bank Sampah Lestari 25 makes the performance of this waste bank not optimal. Financial management is an action to achieve financial goals in the future. Financial management includes personal financial management, family financial management, and company financial management. Financial management is an important part of overcoming economic problems, whether individuals, families, or companies. The objectives of financial management in general are to achieve certain target funds in the future, protect and increase wealth owned, regulate cash flow (income and expenditure of money), and carry out risk management and manage investment risk properly and manage debt and credit. From the results of the implementation of community service activities in the form of financial management literacy, training on recording financial transactions, and preparing simple financial reports, the benefits were very much felt. From ignorance of financial management and irregularity in managing finances to understanding and being able to carry out more regular financial management. Abstrak Bank Sampah Lestari 25 adalah kelompok masyarakat di Kota Serang yang melakukan kegiatan usaha memanfaatkan sampah untuk dikelola dengan sistem refuse, reduce, dan recycle. Usaha ini tentunya sebagai bentuk kepedulian masyarakat dalam membantu pemerintah meningkatkan kebersihan lingkungan. Selain itu tentunya mendapatan penghasilan guna meningkatkan kesejahteraan masyarakat dan memajukan struktur ekonomi. Belum adanya manajemen keuangan yang dilakukan pada Bank Sampah Lestari 25 menjadikan kinerja bank sampah ini tidak maksimal.  Manajemen keuangan merupakan sebuah tindakan untuk mencapai tujuan-tujuan keuangan di masa yang akan datang. Manajemen keuangan meliputi manajemen keuangan pribadi, manajemen keuangan keluarga, dan manajemen keuangan perusahaan. Manajemen keuangan merupakan bagian penting dalam mengatasi masalah ekonomi, baik individu, keluarga, maupun perusahaan. Tujuan manajemen keuangan secara umum adalah mencapai target dana tertentu di masa yang akan dating, melindungi dan meningkatkan kekayaan yang dimiliki, mengatur arus kas (pemasukan dan pengeluaran uang), dan melakukan manajemen risiko dan mengatur risiko investasi dengan baik serta mengelola utang piutang. Dari hasil pelaksanaan kegiatan pengabdian kepada masyarakat dalam bentuk literasi manajemen keuangan, pelatihan pencatatan transaksi keuangan, dan penyusunan laporan keuangan sederhana memang sangat dirasakan manfaatnya. Dari ketidaktahuan mengenai manajemen keuangan dan ketidakteraturan mengelola keuangan menjadi mengerti dan mampu melakukan pengelolaan keuangan yang lebih teratur. Kata Kunci: manajemen keuangan; bank sampah; UMKM

scholarly journals Finance Capitalism and Democracy: The Case of the Financial Transactions Tax

2020 ◽  
pp. 125-134
Author(s):  
Stephan Schulmeister
Keyword(s):  
European Commission ◽  
Financial Instability ◽  
Financial Transaction ◽  
The Future ◽  
Pros And Cons ◽  
Transaction Taxes ◽  
Financial Transactions ◽  
Finance Capitalism ◽  
The Eu

AbstractThis chapter analyses the pros and cons of financial transaction taxes (FTT) as mechanisms to mitigate financial instability and the proposal of the European Commission to implement an FTT in the EU in September 2011 until its suspension, as well as the prospects for it to be adopted in the future.

Transactions on the smartphone as a driving factor to Indonesian Cashless Transaction

2017 ◽  
Vol 4 (1) ◽  
pp. 112-116
Author(s):  
Sukristiyanti A. Nugroho
Keyword(s):  
Technology Readiness ◽  
Driving Factor ◽  
Electronic Money ◽  
The Public ◽  
Level Of Satisfaction ◽  
The Future ◽  
The Government ◽  
Financial Transactions

Less Cash Society - is societies which in financial transactions no longer rely on cash. All transactions particularlyretail which is done by electronic. The success of cashless society, in addition to requiring the technology readiness also requires the mental readiness of the society, which is expected to protect them from crime mode, especially cybercrime. Currently, a transaction in Indonesia is still dominated by cash. Bank Indonesia hope that in the future every Domestic Transactions must be electronics. The Government encourages the public to use a prepaid card or electronic money to reduce the use of cash transactions, particularly in socializing " Gerakan Nasional Non Tunai” which in turn is expected to impact positively to the Indonesian economy, to the era of Less Cash Society. In line with this, it should also be noted the level of satisfaction of the users of electronic money in Indonesia, namely to the comfort and safety of products existing eMoney.

Technological Disruption in Global Finance

2018 ◽  
Author(s):  
Mahesh K. Joshi ◽  
J.R. Klein
Keyword(s):  
New Technology ◽  
Individual Investors ◽  
Financial Assets ◽  
Tax Rates ◽  
Global Finance ◽  
Electronic Transactions ◽  
Paper Currency ◽  
The Future ◽  
Global Corporations ◽  
Financial Transactions

Will the currency of the future be bitcoins or cryptocurrencies? With Fintech and Digital ecosystems growing rapidly, what is the future of banks? Technology is fast replacing paper currency with electronic transactions. Finance has become sophisticated with complex and diversified products. New technology and instruments have enabled growth of global financial assets to more than $160 trillion. Geographical boundaries for financial transactions have disappeared with transactions taking place seamlessly across the globe. Due to the global connectedness of financial markets, any event in one country can impact the whole world instantaneously. The effects of the last decade’s financial crisis are still being felt in major economies. Financing is being used both as a weapon in the balance of power and as a facilitator of cross-border acquisitions. Governments are competing with tax rates to attract global corporations. Individual investors have the opportunities and tools available for geographical diversification of their investments.

Mengenal Investasi Dalam Dunia Syariah

AKADEMIKA ◽  
2016 ◽  
Vol 10 (1) ◽  
pp. 1-12
Author(s):  
Achmad Lubabul Chadziq
Keyword(s):  
Islamic Law ◽  
Banking System ◽  
Supervisory Board ◽  
Theory And Practice ◽  
Business Units ◽  
The Future ◽  
Trading Activities ◽  
Conventional Banks ◽  
Financial Transactions ◽  
Main Factor

Trading activities and business in accordance with sharia (Islamic law) are the ones that are not to do with unlawful products or services such as forbidden food, gambling or disobedience, including those classified as the unlawful practices such as usury, gharar and maysir. In fact, not all trading and business activities comply with shari'a. For that reason, the ulema (Muslim scholars) fatwa (verdict) is needed to ensure the fulfillment of these qualifications. The fatwa on the halal-haram of sharia financial transactions in Indonesia is stipulated by the Indonesian Ulema Council (MUI) through the so-called National Sharia Council (DSN) with the help of practitioners and its implementation is with the help of the Sharia Supervisory Board (DPS). One of the important milestones in the development of sharia economy in Indonesia is the operation of Bank Muamalat Indonesia (BMI) in 1992. Sharia banking is increasingly prevalent after the issuance of Law No. 10/1998 which enables banks to run dual banking system or conventional banks to establish sharia divisions. On this stand, the conventional banks began to take advantage and open sharia business units. No wonder if the development of sharia banking is quite rapid. The main factor that supports the development of sharia economy in Indonesia in the future is the population of Indonesia which is predominantly Muslim. In addition there is increasing awareness of Muslims in investing in accordance with sharia. Given the importance of investment as one of the economic behaviors, it is also important to understand the theory and practice of investment.

Esposito’s temporality of finance: Endogeneity and revisability in derivative transactions

2020 ◽  
Vol 6 (2) ◽  
pp. 114-29
Author(s):  
Conor Husbands
Keyword(s):  
Financial Markets ◽  
Derivative Securities ◽  
Philosophy Of Time ◽  
The Future ◽  
Financial Transactions ◽  
Theoretical Foundations ◽  
Proper Response

Recent years have seen greater interest in the theoretical foundations of abstract finance and their intersection with questions of philosophy and sociology. In particular, exchanges between authors such as Donald MacKenzie, Timothy Johnson, Elie Ayache, and others have debated the deterministic or contingent dynamics of markets, as well as their interdependency with the theories that purport to describe them. Working in this tradition, Elena Esposito raises a novel question in her 2011 book, The Future of Futures: could the exchange of derivative securities within financial markets entail, not so much the provision of liquidity, but the transaction of time? In this article, I reconstruct Esposito’s analysis, arguing that the proper response to this question should be affirmative. Particular emphasis is laid on what I take to be the two fundamental and controversial premises which support this argument: first, the endogeneity of time-relations involved in financial markets; and second, the revisability of these time-relations. The advantage of recasting Esposito’s position in this way is the defence it enables against various criticisms articulated in theory and philosophy circles, such as those of Ray Brassier. Finally, I discuss the significance of Esposito’s theory, not only for this class of financial transactions, but also for certain issues in the philosophy of time.

scholarly journals THE INFLUENCE OF FINANCIAL INNOVATIONS ON EU COUNTRIES BANKING SYSTEMS DEVELOPMENT

2019 ◽  
pp. 167-177 ◽  
Author(s):  
Oleksiy Druhov ◽  
Vira Druhova ◽  
Olena Pakhnenko
Keyword(s):  
European Union ◽  
Rapid Development ◽  
Banking System ◽  
The European Union ◽  
Banking Services ◽  
Banking Systems ◽  
Financial Innovations ◽  
The Future ◽  
Financial Transactions ◽  
The Impact

This article summarizes the arguments and counterarguments in the framework of the scientific discussion on determining priority directions of developing banking systems, modern problems and prospects of introduction of financial innovations in the process of development of banking services. Its pace and current trends require a completely scientific basis. Accordingly, the purpose of the study is to determine the impact of modern information technology in the banking systems of the European Union countries and the future prospects for their development. For this purpose, the hypothesis was, first of all, proposed that the level of business activity of the banking activity is related to the level of development of the country's economy and it will determine in the future the development of the banking systems of these countries. An appropriate empirical study was conducted to confirm this hypothesis. The systematization of literary sources and approaches to the solution of this problem has shown that in scientific sources the analysis of the impact of financial innovations on the banking systems of individual European Union countries is mainly carried out. Taking into account the different levels of development of these countries, these studies do not allow us to make conclusions and suggestions as to the future of European banks. Electronic banking, the creation of a large number of fi tech companies, crypto volume, blockade – radically change the classical banking business. These changes are gaining momentum and the future of the banking system is now very ambiguous. Will classical banks be able to function effectively, or will new financial companies come to their place? What should I do to manage the bank to lay the groundwork for its successful operation, in the context of the rapid development of information technology? Who and how will regulate global financial markets? There are no clear answers to these questions. The methodical toolkit of the study was a clustering method, methods of systematization, grouping, comparison, expert evaluations. The study period covers 2015-2018, which shows the most rapid dynamics of changes in the processes of customer service of banks from the offline to the online sphere. In addition, this period of time is characterized by the rapid development of financial innovation, which radically changes the approaches to traditional banking activities. The article presents the results of cluster analysis, the results of which allowed to group the countries of the European Union at different levels of digitalization. As a result, it was found that the most advanced economies and the most developed countries have the highest level of deductibility of banking activity (related to clusters 2 and 1). As a higher level of economic development provides more opportunities for investment, Internet access and better education of the population. In addition, it can be argued that it is the countries from the first group in the near future will or will become leaders in the European market of banking services, and it is on them that they will need to be guided by the orientation of the development of the banking system. The results of empirical analysis, have shown that banking institutions understand the lack of prospects of activities without financial innovation. On the other hand, as the study showed, such activity is characterized by high-risk banks. The issue of safety of up-to-date financial transactions is extremely important for supervisors who can not at the moment agree on what measures to apply and implement in order to minimize the risks of financial transactions. The study empirically confirms and theoretically proves that it is important to understand and justify the basic principles of the future development of banks, to identify and develop measures to minimize the levels of financial risks associated with the implementation of financial innovations, as well as to simply understand and evaluate changes expected by users of banking services during the next 5 to 10 years. The results of the research can be useful for scientists, management of banking and other financial institutions, as well as for users of banking services.

International determination of the total motion of the pole

1961 ◽  
Vol 13 ◽  
pp. 29-41
Author(s):  
Wm. Markowitz
Keyword(s):  
Secular Motion ◽  
The Future

A symposium on the future of the International Latitude Service (I. L. S.) is to be held in Helsinki in July 1960. My report for the symposium consists of two parts. Part I, denoded (Mk I) was published [1] earlier in 1960 under the title “Latitude and Longitude, and the Secular Motion of the Pole”. Part II is the present paper, denoded (Mk II).

Status of the Lick Proper Motion Program

1978 ◽  
Vol 48 ◽  
pp. 387-388
Author(s):  
A. R. Klemola
Keyword(s):  
Proper Motion ◽  
The Future

Second-epoch photographs have now been obtained for nearly 850 of the 1246 fields of the proper motion program with centers at declination -20° and northwards. For the sky at 0° and northward only 130 fields remain to be taken in the next year or two. The 270 southern fields with centers at -5° to -20° remain for the future.

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