TransferMate, simplifying trade within the Electronics Industry

FinTech Integration

Industry Overview The consumer electronics industry is a worldwide multibillion-dollar industry that we all rely on in our everyday personal and work lives. This huge industry is centred on the communication and entertainment industry and has played a key role in our technological and scientific evolution. To put a figure on it, the electronics assembly industry was valued at an estimated $1.3 Trillion in 2015 and is expected to grow to approximately $1.6 Trillion by 2020! Quite a figure! European Electronics Industry The European electronics market has experienced hard times in…

Read More

May attempts to comfort business concerns surrounding Brexit

May attempts to comfort business concerns surrounding Brexit

November 21st,  CBI annual conference Following Prime Minister Theresa May’s speech on Brexit at the CBI annual conference on Monday, where she acknowledged businesses’ desire to avoid a “cliff edge”, May guaranteed premature concessions in relation to the standing of UK and EU nationals in Europe and the UK respectively. Many businesses have empathized their concerns and have pushed for an intervention to allow them to trade as normal, post-Brexit. May expressed her understanding around these worries of trade and regulation following Brexit leaving the EU, however withheld plans surrounding…

Read More

Trump’s effects on the weakening Euro!

Trump’s effects on the weakening Euro!

Trump becomes the 45th US President November 8th US election After the long awaited US presidential election, America have appointed its 45th US President. Donald Trump succeeded Hillary Clinton in the early hours of last Wednesday morning to what was described as a shock victory by many. Trump’s victory, despite his businessman background, has seen more uncertainty around America’s future. Although the U.S. Federal Reserve is in charge of monetary policy decisions, the Republican President can affect political and economic stability. Just like Brexit, it will take time to see…

Read More

EU’s Debt Solution

The European Union is trying to cope with its debt crisis by creating more debt. On May 10, the EU released $1 trillion in an attempt to save the euro, especially since there were fears that the debt depression in Greece would start spreading to other indebted countries. This step gave immediate results in the markets, and it recovered the euro to $US1.3. So far, this solution gives confidence to the governments that they would be able to pay off their debts. On the contrary, Song Seng Wun, an economist…

Read More

Spain Fears from the Economic Crisis in Greece

Spain is also experiencing an economic downturn, but according to financial experts, the situation is not as bad as it is in Greece. Although Spain was once one of the biggest sources for jobs in Europe, its unemployment rate of 20.05% in 2010 is now the highest in the euro zone, and is a major problem for the country. This high percentage of jobless people is an obstacle for the government to cope with the economic stagnation. According to Fernando Fernandez Mendez de Andes, a professor of economics at the…

Read More