Economic Basis of Digital Banking Services Produced by FinTech Company in Smart City

The accelerated urbanization rate results in the birth of the Smart City concept, presupposing the more efficient use of digital technologies for the benefit of inhabitants and businesses. The idea of digital banking is one of the key issues in a smart city concept. The research should demonstrate that the efficient and effective way to produce such kind of services is to use the fintech companies’ facilities. Many researchers study fintech from a technological point of view, the contribution of fintech to general banking, the level of satisfaction of customers with fintech products. However, there is a gap in studying the economic basis of these companies. The research aims to determine the economic basis for the projects implemented by the fintech company and to determine the source of the efficiency of these companies in financial operations compared to the conventional bank. It has additional importance since the analysis of research devoted to technological solutions demonstrates a certain lacuna in the economic substantiation of such smart solutions. The results of this study are based on the implementation of traditional Cost-Benefit and Total Cost of Ownership analyses and include the developed cost and income functions, calculated Benefit/Cost ratio, and demonstrated the source of efficiency of fintech company compared to a traditional bank. Therefore, the activities of a fintech company in the area of digital banking received the economic ground, and this fact decreases the gap between intuitive comprehension of the necessity of the introduction of smart solutions in practice and the economic substantiation of this process.

Orthodoxy and the myriad of challenges posed in the socio-economic sphere of Africa

The above title does not only pause a challenge to us but also displays before us the celebration of our achievements in Africa which are worthy of celebration. In this paper therefore I will address the problems of Africa on social and economic ground in relation to culture. I addressed this issue before and have discussed it at length with my brother-in-Christ father Evangelos who is an ethicist. The social and economic problems are not entities in themselves but they each have a root cause and unless we address the roots we may not find any positive or lasting solutions. The root problem faced by many is a sense of cultural erosion which has led to lack of self-identity and thus resulted in many of the visible problems we are experiencing and we are desperately trying to find solutions to them. This problem may be self-inflicted as some of us may think but it is largely blamed on Religious missions in Africa from the past centuries to now, and also on the colonial powers who imposed themselves on Africa. The positive and negative effects of the two have left a great impact on an African way of thinking and acting. We have become aliens in our own African land, whether we are Black, Arab, White or Indian or whatever race of African. As each day dawns we are faced with the consequences of the past mistakes and even in trying to find solutions we repeat the same mistakes on an ongoing basis. I will discuss my reflection on several of these bases; 1) dialogue with African culture a) identity crisis, b) Cultural erosion c) Cultural disintegration d) family unit and social unit break ups and confusion, e.) Generation gap f.) Economic gap g.) Religious bias and mission misrepresentation h) indigenous languages, species i) Colonial Stigma j) Economic imbalance and trade unfairness.

The Essence of Political Risk and Its socio-Economic Ground

The article considers approaches to the definition of political risk by foreign and Russian authors. The author notes that some of the existing definitions saturate the concept with unnecessary conventions, without which the political risk does not cease to be such. The author proposes an essential definition of political risk. The article also notes that the essence of political risk is revealed only through said risk’s analysis. In this regard, the article considers several of proposed methods of analysis of political risk, their strengths and weaknesses. The author concludes that a large number of definitions and approaches to measuring political risk indicates the continuing development of this area, which reflects its relevance.

Effect of ground granulated blast funrnace slag and fly ash on strength, permeability, and under-water abrasion of fine-grained concrete

The utilisation of supplementary cementitious materials (SCMs) is widespread in the concrete industry because of the performance benefits and economic. Ground granulated blast furnace slag (GGBFS) and fly ash (FA) have been used as the SCMs in concrete for reducing the weight of cement and improving durability properties. In this study, GGBFS at different cement replacement ratios of 0%, 20%, 40% and 60% by weight were used in fine-grained concrete. The ternary binders containing GGBFS and FA at cement replacement ratio of 60% by weight have also evaluated. Flexural and compressive strength test, rapid chloride permeability test and under-water abrasion test were performed. Experimental results show that the increase in concrete strength with GGBFS contents from 20% to 40% but at a higher period of maturity (56 days and more). The chloride permeability the under-water abrasion reduced with the increasing cement replacement by GGBFS or a combination of GGBFS and FA

Effect of ground granulated blast funrnace slag and fly ash on strength, permeability, and under-water abrasion of fine-grained concrete

The utilisation of supplementary cementitious materials (SCMs) is widespread in the concrete industry because of the performance benefits and economic. Ground granulated blast furnace slag (GGBFS) and fly ash (FA) have been used as the SCMs in concrete for reducing the weight of cement and improving durability properties. In this study, GGBFS at different cement replacement ratios of 0%, 20%, 40% and 60% by weight were used in fine-grained concrete. The ternary binders containing GGBFS and FA at cement replacement ratio of 60% by weight have also evaluated. Flexural and compressive strength test, rapid chloride permeability test and under-water abrasion test were performed. Experimental results show that the increase in concrete strength with GGBFS contents from 20% to 40% but at a higher period of maturity (56 days and more). The chloride permeability the under-water abrasion reduced with the increasing cement replacement by GGBFS or a combination of GGBFS and FA

Covid-19, Remittance Inflow, and Economic Growth Rate in Nepal

The proliferation of COVID-19 pandemic over the globe is anomalously hurting the world’s economy. The paper aims to reveal the possible loss in economic growth rate for FY 2020 due to plausible retardation in remittance/GDP size of Nepal under COVID- 19 regime by utilizing transmission approach, trend forecast, and ordinary least square method form 2000 to 2019. The study harvests two premises: first, remittance/GDP has a positive estimate to the economic growth rate and second, if the pandemic proliferates more, and if it downsizes the remittance/ GDP size by 25% to 75%, it reduces the projected GDP growth rate (6.95) up to 6.68 to 5.3% respectively for FY 2020. However, domestic literature also supports the strong role of remittance on the micro-level. Therefore, the microeconomic impact of the virus may be more appalling than the macro-economic ground.

The Accounting and Analytical Provision of Management of the Non-Material Assets of Enterprise

The article is aimed at examining the economic ground of the formation of information-analytical provision for the management of non-material assets of enterprises. A review of normative and professional literature showed that the concept of«non-material assets» is used in terms of their use as property of the owner, which has no materially reserved form and can be identified in the following way: as means of work – resources with a term of use for more than one year in order to obtain economic benefits for the enterprise; as objects of intellectual property rights. In order to strengthen the significance of information about non-material assets, their classification for accounting and economic analysis purposes by a number of features and relevant types is closer defined, allowing to form and provide disclosure in the financial statements. For modern domestic accounting methodology, accounting policy on a separate accounting object is a priority, so the article proposes a generalized architecture of accounting policy on non-material assets in the following three blocks: general, methodical, organizational and technical parts. Each block is imbued with with basic components that ensure the implementation of accounting policy on non-material assets at the enterprise. Taking into consideration the accounting objects concerning non-material assets of the enterprise, both external and internal factors that influence the elements of accounting policy are generalized. It is recommended to introduce a system of analytical accounting of accounting nomenclatures on the following objects of non-material assets: capital investments, identifiable objects and not always identified objects. The main directions of economic analysis of non-material assets at the enterprise are formed by developing the appropriate algorithm. The proposed algorithm can be used for carrying out analysis along with formation of analytical indicators on non-material assets in order to substantiate managerial decisions in the system of implementation of the enterprise’s development strategy.

Drama in Education for Sustainable Development: Preservice Preschool Teachers on Stage

Early childhood education for sustainable development roots on environmental, socio-cultural and economic ground for encouraging lifelong learning and improving values and behaviors that support sustainable development such as use of natural resources, cultural awareness, gender equality, and democracy. Educational drama contributes to the development of skills necessary for sustainable development such as communication, cooperation and decision-making. This study has two main objectives: the former is to raise awareness and to develop these skills of pre-service teachers by organizing drama activities in Education for Sustainable Development (ESD); the later objective is to implement and to evaluate the activities based on the data collected from pre-service teachers and from one specific pre-school teacher, in whose classroom these activities were carried out. Phenomenographic approach was adapted for the current study and the data was collected through interviews, photos, and field notes. The study shows that the drama activities increase awareness and improve skills for ESD within pre-service teachers. Furthermore, opinions and experiences of the pre-service teachers and the preschool teacher state that drama has positive impact on learning of pre-school children about sustainable development.