Financial Services (105)
Finance fights poverty
Microcredit is the extension of very small loans (microloans) exclusively for women in poverty, with the goal of helping them cultivate business skills and entrepreneurship. Microcredit is a part of microfinace, which provides a wide range of financial services to the very poor.
Why it matters
Microcredit combines economically viable future growth for finance companies with a social benefit in the fight against poverty. Is this another example of how social causes can become an integral part of business practice?
BitCoin is a collectively managed, open-source digital currency that is completely independent of any central authority.
German economic scientists have set up an online platform called ‘TweetTrader’ that helps analyze stock and market information provided by tweets on Twitter. It aims at predicting market outcomes by using textual analysis filters and specific algorithms.