Financial Services (105)
New level of service
Rostelecom launched new payment and information service machines in Russia. They are meant to help people obtain information about taxes, fees, public services, government regulation as well as provide immediate payments. The device will also be used as advertising space.
Why it matters
As people increasingly withdraw from traditional advertising methods, could the digital space provide a solution?
In New York, a new way of online banking is developing. Customers simply connect their bank account with their social media channels. Depending on how the consumer behaves online and what they share with Movenbank, they can get rewards such as a better interest rate or lower fees. The bank then validates the information and provides financial advice if needed.
With banks making it more and more difficult to borrow, people are looking for new ways to finance their projects. Dutch filmmaker and artist Alex van Warmerdam decided to take matters into his own hands when he needed money for his latest movie project. Rather than turning to traditional investors, he paints canvases that he later sells to finance his movie project.