Here are a few FinTech firms that are emblematic of how technology innovation is shaping the future of money across a variety of financial services.

Versapay—Accounts receivable
In its quest to rid companies of paper checks, Toronto-based Versapay has developed one of the first collaborative accounts receivable platforms, combining advanced invoicing, automation, and payments technology to deliver improvements and efficiencies for its 250,000 business clients. It has mushroomed during the pandemic, which fueled a demand for digital payments, including the digitizing of accounts receivable services. In a recent interview, Versapay CEO Craig O'Neill said a large majority of finance leaders will adopt digitized payments in the next few years. "Surveys show that 93% of finance leaders are saying they're going to digitize how they do business on both the accounts payable and accounts receivable side. There's going to be a sea change over the next couple of years, which will really change the face of business: paper goes away completely, including check stock, and will set people free to work wherever they want," he said.  

BestEgg—Personal lending and financial management resources
This Wilmington, Del.-based FinTech, is on a mission to help people feel more confident about their everyday finances by making money accessible through fast, simple, and easy personal loans. BestEgg has created a proprietary AI platform to deliver digital products including loans for debt consolidation, credit card refinancing, home improvement, moving, vacation and baby adoption. BestEgg recently introduced an online financial health platform to bolster confidence for consumers in the wake of the COVID-19 pandemic, which has had a debilitating effect on many peoples' finances. "The future of digital finance is human," says Sabrina DeVito, chief strategy officer for Marlette Holdings, which operates BestEgg. "Digital can come across as cold, but the winners are going to be those who not only use digital to create extraordinary experiences but also are human in how they come across," she said.

Kabbage—Small business financing
Small businesses took a beating during the coronavirus pandemic—large numbers shut down permanently, crippling local communities both economically and socially. Fortunately, more small businesses are forming in the shadow of the pandemic, and one FinTech is helping to make that possible. Kabbage, backed by American Express, is a one-stop FinTech resource for small businesses, providing access to cash flow solutions such as business checking, flexible funding, and payment processing services. It recently launched Kabbage Funding, which provides flexible lines of credit between $1,000 and $150,000, and Kabbage Checking for online business checking accounts.
"We saw a technology opportunity; a way to use an API to automate serving a business that couldn't have been served previously," said Kathryn Petralia, co-founder of Kabbage. Petralia says what she's seeing with small businesses is that there's more support by many other companies to serve these unserved small businesses. "They're a vital part of the economy—a vital part of job growth and so now we can do that using technology where we couldn't do it before because it was always hard to market to small business. But thanks to the data and these new technology platforms, we can do it," Petralia said.

UpTip—Cashless tipping
This new startup replaces cash tipping with an e-payment platform and enables users to provide ratings on service providers such as wait staff and limousine drivers. Companies are given a QR code after registering with UpTip. Customers scan the code on their smartphone to view the company's profile, give a star rating, leave feedback and, of course, provide a tip. Tips are deposited directly into a debit card or bank account of choice.
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The travel and hospitality industry is still struggling in the wake of COVID and so are the people whose lives and livelihoods have depended on tipping. Eric Plam, UpTip's founder, believes the pandemic has been a catalyst to help people figure out how much they value people who serve them and the services they provide. UpTip will help collect the data used to determine how much service staff are valued. "We really believe that personality, enthusiasm and merit should be rewarded and so this is one reason we enjoy tipping and that's one thing we do with our service and ratings platform—we try to raise people who are doing a great job because we want to help them advance in their careers", Plam said.

The Internet once held great promise to empower individuals, but it has become yet another path of control for bad actors. Today, authoritarian governments and companies around the world track and surveil individuals; data is not private and is sold for profit; some states algorithmically “score” their citizens; and propaganda and disinformation are rampant.

Thankfully, we are on the cusp of “Web3,” a next-generation Internet that could shift the balance back toward individuals. If the United States embraces Web3, it could also offer a pivotal advantage in its ongoing competition with authoritarian states, especially China.

What is Web3? To understand, it helps to go back to the beginning.

Think of Web1 as the original one-way Web pages of the 1990s—static sites coupled with the dawn of widespread email. Web2 came to life as the Internet became interactive, allowing users to log in and create their own content. At the same time, Google, Facebook and other massive tech platforms hosted “free” services in exchange for our data. Over subsequent decades, of course, the Internet has continued to advance and grow more sophisticated, but we mostly still operate in a Web2 world.

Now, we are closing in on a new version of the Internet—Web3—built on the blockchain, a technology that makes it possible to transact data securely, and smart contracts, which allow users to make agreements without relying on intermediaries, it’s what permits you to pay a vendor directly using cryptocurrency, no bank required. Web3 is still being developed and defined, but it’s clear that, fundamentally, it will offer a more decentralized version of the Internet.

Web3 is in its heady early days. New companies are forming daily to remove central platforms and bring decentralized, more secure services to users globally. Some focus on video-sharing services with no central repository—in contrast with YouTube or TikTok. Others are creating decentralized shared-storage options, unlike centralized cloud services.

These new services address many of the biggest problems of today’s Internet. Security is improved because there is no central database to hack. Privacy is protected because users directly control their data. Resiliency is built into Web3 through decentralization.

And this decentralization makes control by authoritarian governments much more difficult.

In 1999, it would have been hard to believe that one day teenagers would become millionaires by making videos of themselves playing video games or that political revolutions would be fomented on a website designed to share photos of college students.

Web3 could be equally revolutionary by shifting power back to individual users—which would be good for democracy and for the United States, for two reasons:

First, authoritarian states cannot abide private life because that’s where anti-governmental activities can percolate. China and Russia have already set up mechanisms to spy on and control the existing Web2 infrastructure through firewalls, censorship and coercion of technology platforms. Web3 would make such authoritarian controls much more difficult.

Second, although the United States still dominates Web2 in many ways, the Web’s current framework allows China to sweep up swaths of data to power its political and military artificial intelligence systems. The decentralization and personal data control of Web3 would make it much harder for China to maintain data dominance.

Web3 will, of course, be disruptive for good actors as well. Law enforcement will confront websites for which there are no “take down” notices and no corporate CEOs to enforce regulations. Intelligence agencies will need to find new ways to monitor terrorists. Seemingly invincible technology companies could go the way of Blockbuster. Nonetheless, the United States should not fear the rise of Web3—it should adapt to, invest in, and promote it.
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Geopolitics is about relative power and relative gains. Conceptually, Web3 is innately more beneficial to Western liberal democracies, which value democracy and personal privacy. This would return the advantage to the West and force China and other authoritarian states to confront their weaknesses, change them or fall behind.

SeaTable is software for combined information management. The software allows data of different types to be collected, prearranged, and analyzed. It uses an in-built spreadsheet web interface with customizable web forms for its data entry. 

SeaTable offers over 20 different column types, sorting, filtering, and grouping for its data organization. Besides the charts and pivot tables as traditional evaluation tools, it also offers application-oriented visualizations, including map views, gallery, Gantt charts, and Kanban.

The SeaTable software is available in 3 different versions, including on-premises, dedicated, and cloud variants. The on-premises variant is designed for large and medium-sized companies that don't want to outsource their data but prefer to store their own data center. Besides this, it offers a spreadsheet solution for teams that want flexible ways of working on projects, tasks, and ideas.

The spreadsheet solution doesn't limit users to texts and numbers; it also captures all information and stores documents, emails, URLs, check boxes, images, drop-down lists, etc. According to the CEO & Founder, Christoph Dyllick-Brenzinger, "SeaTable generates enormous added value for teams that want to work together on ideas, tasks or projects. With SeaTable, you have all your data in one place and can access it flexibly from anywhere. Since our launch in July 2020, we have developed rapidly. We generate many new customers every day who have the goal of working in a structured and, above all, more efficient way."

SeaTable Offers Unique Use Cases
SeaTable has different use cases. It can work as a bug, survey software, tracking system, project management tool, archiving solution, and a collaboration platform. Therefore, everyone, including agencies, developers, content creators, project managers, and market researchers, can use SeaTable to consolidate their project details.

The software can work as a collaborative database application. It offers advanced functions beyond what traditional spreadsheets can do. As a web application, it doesn't require any program installation, download, or configuration. All users require is to register on the platform and get their data organized.

"Over 100,000 downloads via Dockerhub and high customer satisfaction speak for our first-class and innovative software. With the development of SeaTable, it is always important to us to offer our spreadsheet solution across as many areas and industries as possible. Our spreadsheet & database hybrid supports many businesses around the world every day, either in the cloud or in their own data center," said Philipp Braun, CMO at SeaTable GmbH.
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As a collaborative tool, it allows the exchange of data with third parties in several ways. Through efficient management and organization, the collaboration between customers and the team is well facilitated and optimized. It allows users to switch to five languages, including English, Russian, Chinese, German, and French. Versions are available from free to €148 per year.

It might seem counterproductive that a professor who researches the effects of technology on society would put his cellphone on mute.

Yet that's exactly what Simon Gottschalk, Ph.D., a professor of sociology at the University of Nevada, Las Vegas, does during his time away from work.

Disconnecting from technology, says Gottschalk, allows him to do the things that really matter, like hanging out with his family, walking in the park, and sometimes, doing absolutely nothing.

Doing nothing, says Gottschalk, has benefits for productivity, health and forming true social connections.

“There's a lot of research that shows when the brain is at rest and is not distracted by so many different sources of stimulation, then new thoughts are possible. The brain starts thinking differently and starts focusing differently on one's environment," he says.

Doing nothing can seem counterproductive in our goal-oriented culture, but doing nothing isn't being lazy, says Gottschalk. In a recent study by the National Institutes of Health, improved memory and ability to learn a new skill were found to result from taking short mental breaks when learning new tasks.

“We're human beings and we need time to recreate and recharge ourselves," says Gottschalk. "It's not wasted time. It's time we really need to function and remain sane."

Some of the most productive people in history relied on down time to spark creativity.

“Einstein was known to stare into space for hours. What appeared from the outside as doing nothing was his mind working in different ways," says Gottschalk. “Because he was staring into space and his mind wasn't constantly distracted, then (he) could approach problems or approach questions completely differently."
Doing nothing can also prep us for better sleep, by reducing the external stressors of the day, says Gottschalk.

Different Approaches. Doing nothing means different things to different people. Meditation is one of the oldest forms of quieting your mind and body. And some things can interfere with our ability to zone out. Here are a few pointers for giving your mind a rest.

• Disconnect from technology. Before we can take a mental break, we need to unplug, Gottschalk says. “Disconnecting keeps us from trying to be involved in so many activities and being distracted all the time," he says. Gottschalk suggests turning off or muting your smartphone whenever possible.
• Let go after work. If you've had a rough day on the job, it's even more critical to decompress. If your boss or coworkers are negative or abusive, relaxing right after work can be the key to a better night's sleep, according to a study published in the Journal of Occupational Health Psychology. Those who could take their minds off the workday through relaxing activities such as yoga, walking or chilling to music, slept better than those who ruminated on workplace incivility.
• Doodle away. Remember that teacher who yelled at you for doodling in class? Well, he should've encouraged it instead. Doodling increases blood flow to the brain's medial prefrontal cortex, the area responsible for regulating our feelings, thoughts and actions, according to preliminary research by Drexel University. Doodling, and to a lesser extent free-drawing and coloring, activates the brain's reward circuit that controls emotion and motivation. These 15- to 20-minute art sessions also offer a confidence boost. In a post-study survey, participants perceived themselves as having good ideas and being able to solve problems.
• Skip the binge watching. While you may be tempted to tune out with your favorite show, marathon viewing isn't exactly doing nothing. A University of Michigan study found that young adults age 18 to 25 who binge-watched shows regularly suffered fatigue, insomnia and poorer sleep quality, even though they reported sleeping seven hours and 37 minutes on average. If you watch one episode, chances are you might keep going unintentionally. The researchers found that binge watching kept subjects mentally alert, which may have contributed to their poor sleep quality.
• Protect your private time. It's important to keep work separate from family time and leisure activities, says Gottschalk. Set boundaries with coworkers, family and friends about your availability. Disconnecting from technology comes into play here, too. “Research suggests, for example, that mere anticipation that you will receive work-related emails after work increases your stress level. And that will increase burnout and increase many physiological consequences of stress," says Gottschalk. His recommendation: Put your smartphone on mute and have an automatic response message that says you'll return the call or email during normal business hours.