Although there have been many exciting advancements to further financial inclusion in the Arab world in the last 15-20 years, 60% of the adult population in the region’s developing countries …
Read More »Five countries getting rid of cash
Many countries are switching to a digital economy as a way to better fight shadow businesses and crime, increase control over flows of money and reduce the responsibilities that come …
Read More »How MyBucks is increasing financial inclusion among Africa’s unbanked
There is a large unbanked population in Africa that does not use formal banks or semiformal microfinance institutions. This has provided an opportunity for MyBucks to step in and fill …
Read More »FinTech is making financing more accessible
Investments in underfunded space, especially for SME lending, are important for increasing financial inclusion. And managing director of Creditease’s FinTech Value Chain Fund, Anju Patwardhan, understands this. For that reason, …
Read More »Cash vs card: Kyrgyzstan’s move towards non-cash payments
Kyrgyzstan has traditionally been a cash-based society, with many preferring the comfort of the familiar paper currency to digital alternatives. In fact, many Kyrgyzstanis are reluctant to use cards, mostly …
Read More »Converse bank to support FinTech startups in Armenia
Converse Bank will support several FinTech startups that participated at the ‘Sevan Startup Summit 2018’. The bank will prioritize innovative thinking and the introduction of novel approaches in the economy. …
Read More »Online portal to let Tashkent residents decide on city spending
Following a presidential decree on introducing a special management system for the city of Tashkent, residents of Tashkent will have the opportunity to decide how to spend city funds by …
Read More »Uzbek Muslims can now pay Waqf via internet, mobile devices
The company Click has partnered with charitable organization Waqf to provide Muslims the opportunity to make religious-based payments via the internet and cellular communication devices, meaning that Muslim users can …
Read More »Uzbekistan to create blockchain-based ticket sales system
Following a presidential decree regarding measures to innovate the development of culture and art in Uzbekistan, blockchain technology will be introduced into the system of ticket sales for cultural and …
Read More »Video: World FinTech Report 2017 findings
Take a quick tour of the FinTech landscape with this insightful video that outlines the finding of the World FinTech Report 2017. TBC launches new innovative services and products for …
Read More »Video: how AI is empowering low-income women in India
Find out how voice recognition technology and artificial intelligence (AI) are helping low-income women in India gain access to finance and realize their business dreams. Infographic: the true cost of …
Read More »Infographic: 7 ways blockchain can help the environment
The impact of blockchain technology has now extended to helping us create a healthier, more sustainable world to live in. Infographic: artificial intelligence – catalyst of the next industrial revolution …
Read More »Infographic: banking the unbanked, a USD 380 billion opportunity
Despite financial inclusion being a key driver for tackling poverty and boosting economic growth, there are billions of people worldwide that do not have reliable access to financial services. This …
Read More »Core principles of success in the sharing economy
The sharing economy has quickly overtaken many business sectors. To be successful in the sharing economy, a company must adhere to four core principles that also define successful entrepreneurship in …
Read More »How should financial institutions react to uberization?
The volume of information in the world is increasing exponentially, and it is becoming difficult for consumers to analyze it all. For this reason, they are turning to mediator platforms …
Read More »Will P2P lending take over the lending market?
Over the past four years, the peer-to-peer (P2P) lending market has grown by more than 1,000%, reaching USD 119 billion. Moreover, it could reach has high as USD 1 trillion …
Read More »How the sharing economy is changing life as we know it
Every year more and more people around the world are ready to use goods and services without buying them, instead giving money for the opportunity to use them at the …
Read More »How FinTech is uberizing banking
There are three main banking services people routinely use: payments for products/services (i.e. transfers from one account to another), lending (i.e. borrowing funds from a bank for a specific purpose …
Read More »Uberization turning the banking business model upside down
Today, customer experience is measured by how much friction is removed, with the new standard being asking Alexa to order an Uber (which arrives in near real-time). For financial institutions …
Read More »Uberization offers a brighter future in the financial sphere
Data provides a solid foundation for sound decision-making; however, the availability of data is increasingly at an exponential rate, and it is becoming harder and harder for the average person …
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