Enovate Solutions

Fault Lines in the World of Finance

Consider this. Over the last decade after the global financial crisis, generally referred to as GFC, the world has seen trillions of dollars being pushed into economies by major central banks. Initially, this was done to stave off an economic collapse after the fall of Lehman Brothers in mid-September 2008. The immediate aftermath of the storied investment bank that had tentacles into many markets around the world caused a lot of global markets to freeze, causing a serious risk of massive corporate failures, job losses and social unrest.

Banking and Fintech, The Revolution and the old generation

The world’s major retail banks still dominate the financial services landscape, providing the deposit, payment, and credit facilities that we all use and take for granted, but they are no longer the only players in town. Today’s online shopper might pay with a debit card but equally they might choose PayPal. The business that would once have relied on its bank for credit can now borrow from peer-to-peer (P2P) platforms or specialist lenders. And digital banks are vying with their bricks-and-mortar counterparts for customer deposits. It’s all about access and convenience.

The New Paradigm Shift in Grocery

For the consumer, online grocery generally starts and ends the same way: They place their order on an app or website, and hours later it shows up at their door. But the ways those orders are being fulfilled run the gamut.

Al Amal aka “Hope” Probe bound for Mars from UAE

Today, the United Arab Emirates’ first interplanetary mission successfully took off from the southern tip of Japan, sending up a car-sized probe bound for the planet Mars. The launch marks the beginning of the country’s most ambitious space project yet, aimed at studying the weather on Mars as it evolves throughout the planet’s year.

Uber’s self-driving car unit raises $1B

Uber’s has confirmed it will spin out its self-driving car business after the unit closed $1 billion in funding from Toyota, auto-parts maker Denso and SoftBank’s Vision Fund.