Futurists like to talk about how the future will be cashless and how FinTech is ushering in this new age of digital currencies, contactless payments, prepaid debit cards and mobile …
Read More »How FinTechs are helping refugees and immigrants
FinTechs have traditionally worked to provide financial services to the unbanked and underbanked. This is especially important today with the increase in the number of refugees and immigrants. Perhaps the …
Read More »Finland using blockchain technology to help refugees
The Immigration Service of Finland has begun providing refugees with prepaid Mastercards rather than cash, allowing refugees to enter the blockchain-based system of unique digital identification information. This serves to …
Read More »Denmark to use a cryptocurrency to help developing countries
Denmark is planning to use a cryptocurrency to provide humanitarian assistance, the first such instance of a donor state using blockchain technology for humanitarian efforts. To this end, a report …
Read More »Arab Financial Inclusion Prize encouraging FinTech to help the unbanked
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 »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 »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 »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. Poland’s Alior Bank adopts ‘Digital Disruptor’ strategy through …
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 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 »Open APIs driving the uberization of payment services
Uber revolutionized the car transportation business when it created a market capitalization of billions of dollars without owning cars or carrying any stock. Similarly, the open API economy has acted …
Read More »Open banking is uberizing Ukraine’s financial services
The era of open banking has come, and it is already starting to change the rules of the game for financial institutions around the world. As this trend continues, it …
Read More »Online marketplace for financial services to open in Russia
We live in a world where startups are emerging everywhere thanks to the idea of aggregated information. For example, to buy a car, you no longer have to go from …
Read More »Bank of England to open new blockchain-based payment system
The Bank of England is conducting a full review of its interbank payment system, including studying the possibility of transitioning to an updated version of the real-time gross settlement service …
Read More »Infographic:Bank-as-a-Service (BaaS)
In the modern world, most people are familiar with the ‘Software-as-a-Service’ (SaaS) concept, whereby app services are pay-as-you-use rather than being bought outright. These services used to cost a fortune …
Read More »Video: the “uberization” of banking
The banking industry is in a state of flux as new players, innovative technologies and revolutionary platforms challenge traditional concepts of banking. This video explores some of the latest trends …
Read More »Video: the ‘bank as a platform’ approach
Find out how adopting the ‘bank as a platform’ approach will help banks shift to a model of service offerings and achieve greater and more sustainable economic value. Walmart invests …
Read More »The trouble with marketplace lending today
The marketplace lending industry, which is less peer-to-peer these days and relies more on packaging and selling bonds to fund its business, seems to be taking a page from recent …
Read More »What is P2P lending?
P2P stands for “peer-to-peer”. P2P lending is a financial service for issuing loans in which the creditor is not a bank or credit institution, but rather he/she is an individual …
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