Finance

Fintech in Iceland

Fintech is a phrase used to represent technology-based finance companies. The financial sector embraced technology quite rapidly and many financial transactions that were carried out physically are now done through the electronic form. Banking operations, for example, making payments by cheques is no longer the norm, but the exception. This applies to the business to business (B2B) and peer to

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Financial Advisor in Iceland

The role of a financial advisor has many dimensions. There are corporate bodies that seek the help of financial advisors to manage their finances efficiently. Some financial advisors offer their expertise to individual amateur investors so that they can grow their wealth judiciously. A typical financial advisor in Iceland can operate as an individual professional or be part of a

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Blockchain in Iceland

Iceland has turned very attractive for the blockchain operators, mainly due to the abundance of power at economical rates. Electricity is very critical for blockchain since computers draw excessive power during operations. They get heated also in the process and Iceland’s naturally cold climate takes care of this as well. Blockchain is an activity aimed at mining cryptocurrency. These favorable

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Bookkeeping in Iceland

Bookkeeping is an essential part of any business, big or small. Recording every expense incurred in the course of the business becomes important. The frequency and volume of bookkeeping can vary based on the size of the organization and how often it incurs any financial transaction. You can avail of the services for bookkeeping in Iceland as part of an

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Angel Investing in Iceland

You may not have heard a lot about angel investors from Iceland. One reason could be they have not been written about in international financial magazines or other media. There does exist an angel investor’s community in Iceland and many entrepreneurs are benefiting from their investments in their startups. For the uninitiated, angel investors are individuals who are willing to

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Accounting in Iceland

Iceland has adopted the regulations stipulated in the European IAS/IFRS for reporting purposes. Iceland is a member of the European Economic Area (EEA). These Internal Audit Services (IAS) and International Financial Reporting Services (IFRS) regulations are meant to streamline the way businesses report their financials. Every organized economy must have these sets of rules and formats in place to ensure

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Economy in Iceland

Iceland is unique country, with unique characteristics that separate it from the rest. Its society and economy reflect that. First of all, Iceland has a mixed economy with high levels of free trade and government intervention. In addition, it is one of the few countries located in Europe that is not part of the European Union. Hence, Iceland has its

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Icelandic stock market

It is known that the Icelandic stock market suffered a great deal in the crisis of 2008. After having reached its peak of 3495, the OMX Iceland All-Shares Index collapsed to its bottom at 167 on April 8, 2009, a fall of 95.2% from top to bottom. Since then, the market has steadily recovered and the index currently stands at

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Banks in Iceland – Their novel approaches

The banking sector of Iceland has been widely studied throughout the last decades. Unlike the rest of the world, after the last financial crisis of 2008, Icelandic banks were not bailed out by the state or any other public entity. In that time, banks were 10 times the GDP of Iceland and 20 times the state budget. They were just

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Icelandic currency

Iceland is one of the few countries located in Europe that is not part of the European Union. Moreover, Iceland it has its own central bank and currency, the Icelandic Króna. This uniqueness brings Iceland the advantages and disadvantages of having its own monetary policy. For example, while the country is capable of devaluing the Icelandic currency to gain competitivity,

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ABOUT SWAPP AGENCY

Swapp Agency is an innovative recruitment firm in Reykjavik that focuses on helping people find jobs and companies to fill their openings in Iceland.

Swapp offers a range of services to their clients in operational supports.

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