Business, Finance and the Markets: Growth, Fragility and Precaution

Modern day world runs on business deals, the respective structures constructed to govern and administer business relations and business people trying to expand business markets and increase profits. In such a scenario, finance becomes one of the most important fields of business, enabling aspiring parties to make good use of their money or find access to new sources of capital to undertake bigger projects. Business financing is therefore a force to be reckoned with as it continues to govern corporate relations, determine the boundaries and constraints of global business, while also opening brand new frontiers for aspiring minds and their projects.

The world of finance has always enjoyed a close connection to the domain of computer technologies and therefore the digital age has brought nothing short of a revolution for its matters. Robinhood, the popular millennial stock trading application, is a groundbreaking tool that has made financial investments mainstream, bringing $69 million in order routing revenue in 2018, tripling its revenues of such origin in 2017. The Menlo Park, the company that owns Robinhood, currently has 6 million users and a valuation of $5.6 billion, which is impressive considering that the company has been in existence for only five years. Robinhood’s policies have been receiving criticism lately due to its heavy reliance on high-frequency traders and their contributions to the ‘dark pool’ in global finance, which has been held responsible for the large-scale market swings that “allow institutional investors to gain an upper hand over smaller retail investors.” However, skeptics of such criticism point out that the entire industry witnessed 42% increase in order-routing revenue last year, meaning that The Menlo Park and Robinhood did not step outside of the boundaries of legality with their finance business, but merely enjoyed a global trend, signaling further financial success stories for the application.

Canada houses one of the most stable economies in the world but this does not mean that the country’s economy is invulnerable to crises as evidenced by the recently emerged issue of debt delinquency and how consumer delinquencies are expected to climb even higher in 2019.  Equifax Canada points out that as the 90-day delinquency rate rose by 1.5% in 2017 to 0.18% in 2018, the mortgage rates also rose by 0.4% to 1.07% the same year, resulting in a 15% rise in bankruptcies in Canada. For Canadian citizens of ages 65 and above, the delinquency rate increased by 7.2% last year, with the number of overdue payments for such seniors being on the rise for three consecutive quarters. According to Equifax’s findings, the total consumer debt of Canadian citizens, including the mentioned mortgages, also rose to $1.91 trillion in 2018 from its previous level of $$1.82 trillion in 2017. With respect to actual figures, such an alarming reality reveals that the average non-mortgage consumer debt was $23,520, having rose by 3% in 2018. As a general statement, it can inferred that the Canadian citizens need to take notice of the situation as well as possible action to slow down such increasing rates for the sake of preserving and maintaining the Canadian lifestyle.

When it comes business and finance, there is probably no other institution in the world as determinant and powerful as the Federal Reserve Bank of America, which makes the election of the members of the institution’s Board of Directors an important issue. Quite recently, the US President Donald Trump announced that the former Republican Herman Cain would not be running for a seat on the Board, fueling speculations that the president has political plans for America’s central bank as he sees the independent nature of the institution’s governance a threat to America’s political stability. Trump has previously demanded that the Fed should lower the interest rates for the sake of American businesses, which is a direct opposition to the general attitude of American presidents regarding monetary policy. Trump’s stance on the issue has been perceived as a continuation of his isolationist economic policies, due to the fact that the president aims at increasing economic welfare and stability in America by keeping production and jobs at home. For such a purpose, Trump claims that he requires financial privileges and freedom, both of which he expects and demands from the Federal Reserve System.      

Crime tech changes global law industry

The world of law is one that is seemingly always shifting, pivoting on its gravitational axis. One of the world’s most instrumental industries of all, law is a sector that is always experiencing change on some fundamental level. Despite all this unrelenting evolution, however, it remains a certainty that the law industry is a sector that thrives on predominantly-traditional methods and models.

Only now is this beginning to change. What is responsible for the change? Not altogether surprisingly, it is technology that is at the centre of this type of innovative evolution. Technological advancement has revolutionised the entire modern world in one way or another, and we are now seeing it begin to speed up its pace, beginning to positively transform the entire legal industry from the inside out.

A traditionally-inclined industry

Law is, by nature, a traditionally-inclined field. It does not necessarily matter if you are searching for a vehicle lawyer in the wake of a car accident you were responsible for, or a judge presiding over the latest case to fall on their desk, the nature of law at its roots has always been fundamentally traditional. Historically, this has always been a data-driven industry, but the way that data was driven through the system has been fundamentally elevated in the wake of technological disruption.

One way that this is inherently obvious is in the data systems that process all the information at any given moment. Once upon a time, this was a job that had to be done manually, and so it took a lot of additional time, effort, and money, on an ongoing basis. Now, however, there are automated systems in place that make this process a whole lot easier, more efficient, and fast than ever before.

Technological disruption erupts

It is not at all uncommon for an industry to feel the weight of technological innovation and digital advancement, but there has been no industry that has felt the weight of it all quite like the legal sector. Law enforcement and the courts are now beginning to embrace technologies and explore their use in the sector, most notably the uses of tech to automate certain processes, as well as the tech used to predict and even prevent crimes in the first place.

Artificial intelligence (AI) for example, can make acutely accurate predictions based on the data collected, and this is why this particular technology is having such a dramatic effect on the legal system. This is also just one prime example of technological disruption in law.

Law field is digitally revitalised

The tech advancements in the field, powered by AI automation and machine learning, are the very foundations that have had such an astronomical effect on the legal industry. Today, the technologies that work collaboratively with traditional methods and models are the very same ideals that have transformed the legal industry on every positive level there is. Today, the legal systems the world over are more convenient, efficient, and quick than ever before, leading to a smoother ride all round.

Pillars of arcing success in web development in 2019

It has been said many a time that a website is the digital age iteration of a storefront window. Via a website, an individual can get a strong idea of what a business does, what they are about, what they offer, and the quality and efficiency in which they offer it. When it comes to web development and design agency for online spaces, there is an overwhelming array of possibilities to sift through. It is first important to note that not every website will be successful using the same web design and development principles (this is especially true considering that not every website exists to offer the same point of view, solution, or demographic strategy. With every passing year comes the next generation of web development trends. With that being said, there are three web development and design components that are crucial to the success and longevity of a website right now.

Animation fixation

Websites are one of the most diverse digital marketing tools there is, and it (literally) pays to get them right. While it can seem like the safe option to mimic what everyone else around you is doing with their site, thinking outside the box and creating something totally unique will not only set you apart from the masses, but ensure that your website is memorable. Animation is the latest and greatest way to do that. Last year, it was all about including live video access to websites, but in 2019 web developers and designers are taking this concept to the next level by creating animated explosions that are vividly bright and exceedingly unique and memorable. They must be used smartly, but if they are, they can work magic.

Mobile-ready design

Consumers today are always on the go, and therefore they use their mobiles more than any of their other devices (in most cases, anyway). Because of this, it has never been so important to have a website that exhibits and maintains a mobile-ready design. In short, what this means is that creating the website design with mobile device access in the forefront of the design process’ mind’s eye is crucial. Consider it this way: we have all gone to access a website from our smartphones and found ourselves frustrated when it refused to load, or loaded but cut off the sides of the pages, fitting in a somewhat haphazardly disjointed way to the screen of our mobiles. So, make sure that your website design is mobile-ready, before anything else – yes, even before being desktop-ready. Strive to meet consumer demand, not mirror the rest of the online spaces in your field.

App extensions

Having a website is brilliant. This is the way that ecommerce (and the world, for that matter) is moving. So, it is a fantastic first-step. However, having a website is not enough anymore to rise above the competition and become a leading force in one’s respective field. These days, to make a truly exceptional impact on not only consumers, but the competition and industry giants alike, having an app extension of the website is necessary. Having it listed on the bottom of the website? Even better. Be the website that offers it all, without consumers having to ask for it.