FinTech

H1 2018 Global FinTech Investments Round-Up

The year 2018 is proving to be an explosive one for global FinTech investments: the global FinTech community has raised more than $61.86 billion in a combination of VC/PE investments and acquisitions/buyouts in H1 2018. In terms of YoY growth, global FinTech VC/PE funding grew by a staggering 150%, from...

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Financial Inclusion

The Impact of Microfinance

How poor is the world? In 2013, 10.7% of the world’s population lived on less than US$1.90 a day. By fall 2015, for the first time in history, less than 10% of the world’s population was living in extreme poverty — down from 37% in 1990 and 44% in 1981....

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InvestTech

How to Engage the New Generation of Investors

As Generation X hits its prime earning years, and millennials enter into the workforce, they’re taking center stage as the new generation of investors. Technology has not only altered the way individuals shop for products and services but also the way they interact with the companies who are selling these...

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Retail Banking

11 Major Risks Faced by Banks in 2018 and Beyond

Over the decades, the financial services industry has undergone significant transformation due to internal and external factors, including business model transformation, adoption of advanced technologies, changing regulatory environments, etc. Modern banking sector is a highly complex ecosystem, where stakeholders of different backgrounds — internet, tech companies, startups — play an...

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BankTech

Designing Delightful Banking Experiences

“Good services are verbs, bad services are nouns,” the UK Government states. “To a user, a service is something that helps them to do something – like learn to drive, buy a house, or become a childminder. Notice these are all verbs.” For a variety of reasons, the financial services...

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Lending

How Outsiders Are Changing the Business of Lending

The total addressable US small-business lending market is $186 billion, which accounts for only 1% of the total loan market. Today, big banks (assets of $10 billion+) are granting more than one-quarter of the small-business loan applications they receive. The 25.3% approval percentage is another new benchmark for big banks....

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BankTech

Will AI Change Banking for Good?

Source: Provoke.fm A recent study of 34 major banks across several geographies (US, EU, Singapore, Africa, Australia, India) by MEDICI Team found that 27 out of these 34 banks have implemented AI in their front-office functions in the form of chatbots, virtual assistants, and digital advisors. Across these regions, some...

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