Challenges of COVID-19 During 2020 and Opportunities for FinTech in 2021 for Digital Transformation of Business and Financial Institutions in India

2021 ◽  
pp. 282-299
Author(s):  
Narinder Kumar Bhasin ◽  
Kamal Gulati
Keyword(s):  
United States ◽  
Financial Institutions ◽  
Job Loss ◽  
Banking Sector ◽  
Extended Period ◽  
The United States ◽  
Emerging Technology ◽  
Digital Transformation ◽  
The World ◽  
Technology Trends

Fintech/TechFin/financial and banking sector achieved the new digital disruptions and transformation milestones in India, underlining the various opportunities in the last year, 2020, when the world was struggling with the COVID-19 pandemic, an extended period of lockdown, job loss, and unemployment. India has emerged as the fastest-growing second largest leading fintech hub in the world after the United States. This chapter will explain the various challenges faced in the year 2020 and opportunities for fintech in 2021. The chapter also explains the emerging technology trends and growth of finechs in India during the COVID pandemic.

Explaining the Rise of Globalization

Free Traders ◽  
2019 ◽  
pp. 1-31
Author(s):  
Malcolm Fairbrother
Keyword(s):  
United States ◽  
Developing Countries ◽  
North America ◽  
Financial Institutions ◽  
Developed Countries ◽  
The United States ◽  
International Financial Institutions ◽  
Late 20Th Century ◽  
Electoral Incentives ◽  
The World

This chapter summarizes the main themes of this book, and the theory it proposes of why the governments of so many nations around the world decided to globalize their economies in the late 20th century. The book asks whether the foundations of globalization were democratic, in the sense that politicians’ decisions derived from public opinion and electoral incentives, and also whether globalization as based on mainstream economic ideas. As shown by the cases of Canada, Mexico, and the United States, and the ways they established free trade in North America, the book shows that globalization has been more of an elite than a democratic project, and one based on folk economics rather than expert ideas. Business has been the motor force in developed countries; in developing countries, states have acted more autonomously from domestic business, but they have been more subject to pressure from international financial institutions.

Aid from the Federal Republic of Germany to Africa

1986 ◽  
Vol 24 (4) ◽  
pp. 577-601 ◽  
Author(s):  
Rolf Hofmeier
Keyword(s):  
United States ◽  
International Trade ◽  
Federal Republic ◽  
Economic System ◽  
Financial Institutions ◽  
The United States ◽  
Federal Republic Of Germany ◽  
International Financial Institutions ◽  
Market Structures ◽  
The World

THE Federal Republic of Germany is one of the major pillars of the group of western industrialised capitalist countries, and this largely determines its rôle in international financial institutions, and its attitudes to the global economic system and market structures. The F.R.G. is second in the world, behind the United States, expressed by its share of the monetary volume of total international trade, but the proportion of exports relative to G.N.P. is much higher than in America and slightly more than in Japan.

Seaboard Stock Exchange's Emerging E-Commerce Initiative

2011 ◽  
pp. 264-280
Author(s):  
Linda V. Knight ◽  
Theresa A. Steinbach ◽  
Diane M. Graf
Keyword(s):  
United States ◽  
Relative Position ◽  
Stock Exchange ◽  
New Technology ◽  
The United States ◽  
Emerging Technology ◽  
Stock Exchanges ◽  
Development Methodology ◽  
Doing Business ◽  
The World

While Seaboard Stock Exchange remains one of the top stock exchanges in the United States, its relative position in the world is slipping. E-commerce is threatening the organization by accelerating the rate of disintermediation and the entrance of new competitors into Seaboard’s market. Against this backdrop, Seaboard’s e-commerce initiative has emerged. Tension between control and experimentation surfaces as the association attempts to incorporate emerging technology while maintaining its traditional way of doing business. The organization struggles to merge new technology with existing IT strategy while internal entrepreneurs strive to shape a Web development methodology and define an appropriate role for standards and controls in an emerging technology environment.

Seaboard Stock Exchange's Emerging E-Commerce Initiative

2011 ◽  
pp. 376-389
Author(s):  
Linda V. Knight ◽  
Theresa A. Steinbach ◽  
Diane M. Graf
Keyword(s):  
United States ◽  
Relative Position ◽  
Stock Exchange ◽  
New Technology ◽  
The United States ◽  
Emerging Technology ◽  
Stock Exchanges ◽  
Development Methodology ◽  
Doing Business ◽  
The World

While Seaboard Stock Exchange remains one of the top stock exchanges in the United States, its relative position in the world is slipping. E-commerce is threatening the organization by accelerating the rate of disintermediation and the entrance of new competitors into Seaboards market. Against this backdrop, Seaboards e-commerce initiative has emerged. Tension between control and experimentation surfaces as the association attempts to incorporate emerging technology while maintaining its traditional way of doing business. The organization struggles to merge new technology with existing IT strategy while internal entrepreneurs strive to shape a Web development methodology and define an appropriate role for standards and controls in an emerging technology environment.

Global Wealth Inequality

2019 ◽  
Vol 11 (1) ◽  
pp. 109-138 ◽  
Author(s):  
Gabriel Zucman
Keyword(s):  
United States ◽  
Financial Institutions ◽  
Recent Literature ◽  
Wealth Inequality ◽  
The United States ◽  
Data Sources ◽  
Tax Havens ◽  
Wealth Concentration ◽  
The World ◽  
The Rich

This article reviews the recent literature on the dynamics of global wealth inequality. I first reconcile available estimates of wealth inequality in the United States. Both surveys and tax data show that wealth inequality has increased dramatically since the 1980s, with a top 1% wealth share of approximately 40% in 2016 versus 25–30% in the 1980s. Second, I discuss the fast-growing literature on wealth inequality across the world. Evidence points toward a rise in global wealth concentration: For China, Europe, and the United States combined, the top 1% wealth share has increased from 28% in 1980 to 33% today, while the bottom 75% share hovered around 10%. Recent studies, however, may underestimate the level and rise of inequality, as financial globalization makes it increasingly hard to measure wealth at the top. I discuss how new data sources (leaks from financial institutions, tax amnesties, and macroeconomic statistics of tax havens) can be leveraged to better capture the wealth of the rich.

scholarly journals International Contagion through Leveraged Financial Institutions

2013 ◽  
Vol 5 (3) ◽  
pp. 152-189 ◽  
Author(s):  
Eric van Wincoop
Keyword(s):  
United States ◽  
Financial Institutions ◽  
Financial Crises ◽  
Asset Prices ◽  
Balance Sheet ◽  
The United States ◽  
Transmission Mechanisms ◽  
The World ◽  
Global Nature ◽  
The Impact

The 2008 –2009 financial crises, while originating in the United States, witnessed a drop in asset prices and output that was at least as large in the rest of the world. We investigate, in the context of a simple two-country model, whether this could have been the result of transmission through leveraged financial institutions. The paper highlights what the various transmission mechanisms associated with balance sheet losses are. For realistic parameters we find that the model cannot account for the global nature of the crisis, both in terms of the size of the impact and the extent of transmission. (JEL E32, E44, F44, G01, G21)

Sex Differences in Mass Media Preferences Across Four Asian Countries

2011 ◽  
Vol 23 (4) ◽  
pp. 186-191 ◽  
Author(s):  
Malini Ratnasingam ◽  
Lee Ellis
Keyword(s):  
United States ◽  
Sex Differences ◽  
Mass Media ◽  
The United States ◽  
Female Students ◽  
The Internet ◽  
Evolutionary Explanation ◽  
Asian Countries ◽  
The World ◽  
Media Preferences

Background. Nearly all of the research on sex differences in mass media utilization has been based on samples from the United States and a few other Western countries. Aim. The present study examines sex differences in mass media utilization in four Asian countries (Japan, Malaysia, South Korea, and Singapore). Methods. College students self-reported the frequency with which they accessed the following five mass media outlets: television dramas, televised news and documentaries, music, newspapers and magazines, and the Internet. Results. Two significant sex differences were found when participants from the four countries were considered as a whole: Women watched television dramas more than did men; and in Japan, female students listened to music more than did their male counterparts. Limitations. A wider array of mass media outlets could have been explored. Conclusions. Findings were largely consistent with results from studies conducted elsewhere in the world, particularly regarding sex differences in television drama viewing. A neurohormonal evolutionary explanation is offered for the basic findings.

Sandra Ramos Revisited

2020 ◽  
Vol 2 (4) ◽  
pp. 32-54
Author(s):  
Silvia Spitta
Keyword(s):  
United States ◽  
The United States ◽  
Ancient Greek ◽  
Graphic Arts ◽  
Left Behind ◽  
The World ◽  
The Usa ◽  
Political Choices ◽  
The Rich

Sandra Ramos (b. 1969) is one of the few artists to reflect critically on both sides of the Cuban di-lemma, fully embodying the etymological origins of the word in ancient Greek: di-, meaning twice, and lemma, denoting a form of argument involving a choice between equally unfavorable alternatives. Throughout her works she shines a light on the dilemmas faced by Cubans whether in Cuba or the United States, underlining the bad personal and political choices people face in both countries. During the hard 1990s, while still in Havana, the artist focused on the traumatic one-way journey into exile by thousands, as well as the experience of profound abandonment experienced by those who were left behind on the island. Today she lives in Miami and operates a studio there as well as one in Havana. Her initial disorientation in the USA has morphed into an acerbic representation and critique of the current administration and a deep concern with the environmental collapse we face. A buffoonlike Trumpito has joined el Bobo de Abela and Liborio in her gallery of comic characters derived from the rich Cuban graphic arts tradition where she was formed. While Cuba is now represented as a rotten cake with menacing flies hovering over it ready to pounce, a bombastic Trumpito marches across the world stage, trampling everything underfoot, a dollar sign for a face.

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