Fintech, a portmanteau of financial and technology, is made use of to characterize new technology that aims to enhance as well as to automate the conveyance and usage of financial services. Fintech is essentially used to aid business proprietors, companies, and consumers manage their financial procedures, operations, and their lives better and efficiently by making use of specific software and algorithms applied on computers as well as smartphones. In the 21st century when the term fintech surfaced, it was at first utilized in the back-end systems of financial institutions that were already established. Today, fintech ropes in various industries and …
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- Cut and Dried Wealth Managers Face Tough Financial Planning Challenges Starting 2021Wealth managers handling the business assets of individuals with high and ultra high net worth, will face new challenges starting this tax year 2021 and onwards. Aside from tax policy changes being proposed by the Biden administration, a new bill aimed at changing the IRS’ audit behavior toward the tax returns of wealthy taxpayers will […]
- Tesla’s $1.5 Bitcoin Investment Sparked Greater Interest for Bitcoin MiningIn an SEC filing last Feb. 08, Elon Musk’s Tesla stated investing $1.5 billion in bitcoins, in line with the company’s future plans of accepting BTC payments. Naturally, Tesla’s move had further boosted bitcoin’s price, bringing it to a record high of $46,800. This new development has sparked greater interest in bitcoin mining, being a […]
