Digital inclusion fund

Share to Twitter Share to Linkedin Since the COVID-19 pandemic severely impacted all the players in the cultural world, it has never been more important for museums to know their “customers” and build their loyalty. It’s no longer enough for museums to serve as monuments of conservation, curation, and stewardship of art collections—they now have to re-examine their mission considering new possibilities and figuring out how digital connections can further their mission. In addition, to remain sustainable into the future, museums must be freshly relevant and engaging to every new generation. Tremendous opportunities are, therefore, to be seized. One thing still holds true, however. The value of museums will always center on direct experience. Being up close and personal with artifacts you can look at and, in some cases, touch is a distinctly different and more powerful experience than viewing content online. In a recent report by The Art Newspaper , while … [Read more...] about Re-Examining The Role Of Museums In The Digital Age: MIM Director Weighs In

Share to Twitter Share to Linkedin September 2000 marked a watershed moment in modern business history: it was the month that Blockbuster declined to acquire Netflix for a mere $50 million. Today, of course, Netflix has a market cap of $135B, and Blockbuster is dead and gone (notwithstanding the eponymous show currently streaming on… Netflix). For business school students, founders, investors and corporate strategists, Blockbuster offers lessons in hubris and bad company strategy: from ignoring customer preferences to the importance of shifts in technology and business models that facilitated a new basis of competition to an overleveraged capital structure. Of course, it’s easier to analyze in retrospect a definitive, highly visible and high profile train wreck of company strategy than it is to build a company up to the heights and success that Blockbuster had once achieved. It’s also easier to see how bad strategy affects established companies (who … [Read more...] about Culture Trumps Strategy In Digital Health (Except When It Doesn’t, Which Is Most Of The Time)

Share to Twitter Share to Linkedin Tax Notes contributing editor Nana Ama Sarfo discusses digital services taxes and the OECD’s goal to solve related challenges through the pillar 1 multilateral convention. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I'm David Stewart, editor in chief of Tax Notes Today International . This week: the other DST. While we've done a number of episodes on the OECD's two pillar solution for taxing the digital economy, a subject that we haven't really delved too far into is one of the problems it's set out to solve. Digital services taxes arose in a number of jurisdictions to prevent companies from escaping taxation where their customers are located. But solving one problem often leads to others. And the OECD's pillar 1 was put forward to bring order to that chaos. Joining me now to talk more about this is Tax Notes contributing editor Nana Ama … [Read more...] about Bringing Order To Chaos? Digital Services Taxes And Pillar 1

Circle’s USD Coin ballooned to $55 billion because institutional investors trust it more than Tether. Then SVB collapsed holding billions of USDC’s reserves and breaking the digital dollar. Finally, stablecoin regulation is coming. IN under five years, USD coin (USDC), the $38 billion blockchain-based digital dollar issued by Boston-based Circle Financial, has built itself into a leader in the $100 billion plus stablecoin market. Unlike larger rival Tether, Circle has been taking the high road, touting its transparency and regulatory bona fides to anyone who would listen. USDC holders can easily get a daily snapshot of the majority of the stablecoin’s reserves because $29 billion of them are sitting in a Treasury bill fund run by Blackrock. CEO Jeremy Allaire publicly refers to USDC’s strategy as a “race to the top.” Tether, which has $75 billion of its stablecoin outstanding, is known for its shadowy management, aversion to disclosure and has had numerous run-ins with … [Read more...] about SVB Collapse Exposes Stablecoin Cracks, Regulation Likely For $100 Billion Industry

Share to Twitter Share to Linkedin The economist John Kay wrote in a paper on “ Robust and Resilient Finance ” that while “many aspects of the modern financial system are designed to give an impression of overwhelming urgency… only its most boring part - the payments system - is an essential utility on whose continuous functioning the modern economy depends”. His choice of word — utility — is interesting. Just like the electricity network or the water system, not only are payments a utility but they are also critical infrastructure: If the stock market shuts down for a day, life goes on, but if salary payments stop because of a bank failure, customers cannot access their money because of bug-ridden software update or debit cards stop working in supermarkets because of misplaced cost-saving on testing, there is chaos. Perhaps we need to think again how the payments system works. Money Utilities Matthew Klein says that banks are speculative investment … [Read more...] about Payments Are A Utility, Banking Is Not. Let’s Separate Them.

The Aboitiz Group announced on Wednesday the launch of Fresh Depot, touted as the first physical and digital solutions platform to help farmers reduce harvest waste while optimizing crop yield, in Benguet province. In a statement, the listed conglomerate said the first phase of Fresh Depot involves a modular and sustainable cold storage unit located in Mankayan town. Fresh Depot is working with Mankayan’s Manpat-A Farmers Association for the first pilot site of its cold storage unit. The second phase of Fresh Depot entails digitizing information on farmers’ land, planting practices, pre-harvest and harvest. “Digitization will allow Fresh Depot to offer advisory services, explore market linkage opportunities and financial inclusion programs, as well as build a database of information that the government can utilize for their agricultural programs,” it added. Aboitiz collaborated with international agritech players Ecozen Solutions Pvt. Ltd., backed by Nuveen global impact fund … [Read more...] about Aboitiz puts up modular cold storage unit in Benguet

Share to Twitter Share to Linkedin Si Katara, Founder & CEO of Tapp Finance . Over the past decade, the financial industry has undergone a significant transformation, driven by the rise of financial technology (fintech) and the concept of open finance. Fintech refers to the use of technology to improve and innovate financial services. Accessing services like mobile banking, payment, lending, budgeting and investing via mobile devices has exploded over the last few years. Couple this with quickly evolving capabilities within open finance, which refers to the idea of using open data that enables the secure sharing of financial information between different institutions to benefit consumers, and we're creating an open and inclusive financial system accessible to all. Together, these trends have had a major impact on the way that financial services are delivered and consumed and have opened up new opportunities for consumers and businesses alike. … [Read more...] about The Rise Of FinTech And Open Finance

Share to Twitter Share to Linkedin The Artsy Impact Auction: Black History Month Focus, Presented with Fairchain, hosted and curated by art institutions Fairchain and Artsy to empower Black fine artists, fashion designers, and creatives. The auction raised proceeds that benefited the Fifteen Percent Pledge . Building equitable futures for all artists, Fairchain and Artsy donated a portion of the approximately $200,000 auction earnings to the Fifteen Percent Pledge, furthering a powerful stance in favor of sustainable, thoughtful, and meaningful support of creative communities. Aurora James, who founded the Fifteen Percent Pledge, declares that the organization recognizes the connection between art and fashion as part of its mission. “We have to strive towards a scenario where these two realities co-exist,” James states. “By creating equity, we are leveling the playing field for artists and designers, and giving them the opportunity to exist across any … [Read more...] about Artsy, Fairchain And Fifteen Percent Pledge Auction Raises $200,000 To Support Creatives

Share to Twitter Share to Linkedin Bread, Discover and JPMorgan Chase Report Higher Credit Card Delinquencies Three companies saw their higher credit card delinquency and charge-off rates rise in February. Bread Financial, Discover and JPMorgan Chase reported in recent press releases and SEC filings that these figures for February were higher than those for both the month before and a year earlier. Bread Financial said its delinquency rate was 6.0% in February, up from 5.8% in January and 4.4% in February 2022. Discover also saw higher rates. Its credit card delinquency rate reached 2.74% in February, up from 2.67% in January and 1.79% in February 2022. JPMorgan Chase said its credit card delinquency rate was 0.88% in February, higher than the 0.83% it saw in January and the 0.72% it recorded in February 2022. [ PYMNTS ] Here Are 7 Warning Signs of Problem Credit Card Usage There are several warning signs that you might be spending too much on … [Read more...] about This Week In Credit Card News: Delinquencies On The Rise; Warning Signs Of Problem Credit Card Usage

Share to Twitter Share to Linkedin When MLB The Show 23 drops this month, it will feature something that its never had in the series’ history, which dates back to 1997 when it was simply called MLB’ 98, and it was developed by 989 Sports. The new element is the implementation of the Negro League, which is officially called Storylines: The Negro Leagues - Season 1. As the title indicates, Storylines was designed to drive home the Negro League experience to a generation of fans who aren’t likely to know much about stars like Satchel Paige, Buck O’Neill or Martin Dihigo. It’s also designed to deliver a compelling game experience that fans can enjoy and learn about the history of the league, the people who made it possible and some of the ugly challenges they faced during one of the darkest times in American history. Ramone Russell is a Product Development Communications and Brand Strategist for Sony, and he has been the most visible member of the … [Read more...] about MLB The Show 23: Ramone Russell Goes In-Depth On The New Negro League Storylines Feature