Financial Inclusion

Daily Review: Africa Emerges as the Most Important FinTech Battleground

“Five-hundred and fifteen million individuals opened an account for the first time over the past three years, reducing the unbanked population to 1.7 billion adults worldwide. However, the new data also reveal critical shortcomings in progress. For instance, the financial inclusion gender gap didn’t improve. Globally, women remain 7% less...

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BankTech

Banks & FIs Are Increasing Their FinTech Acquisitions and Investments

From emerging as competitors to becoming collaborators, the bank-FinTech partnership continues to evolve. The FinTech wave begun with the objective of breaking banks and incumbents by disintermediating their service lines and adding an innovative, tech-driven customer experience to deliver innovative offerings. While many FinTechs have established their unique capabilities as...

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Payments

Cross-Border Payments and Remittances: Overcoming Barriers

At Bangkok FinTech Fair 2018, a panel discussion on cross-border payments and remittances touches on the needs of the modern, mobile, workforce, and how technology can help the traditional sector overcome the barriers of increasingly changing customer needs, as well as plug larger national populations into the formal financial system...

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Enabling Technologies

What Happens at the Convergence of Machine Intelligence & Online Lending

Credit scoring and approval rates changed substantially with the arrival of alternative lenders, mainly due to the adoption of new practices in collecting and analyzing potential borrower data. Alternative data has played its role in expanding horizons for financial institutions and for creating an opportunity to enter the financial sector...

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Payments

Daily Review: Diving Into the World of Amazon – Recent Milestones from Bezos’s Letter to Shareholders

Amazon continuously awes the world with ambitious goals to build a comprehensive world of consumer and business solutions. Forward-thinking technology company commands its own e-commerce world, rivaling Google in search, and major department chains in retail, among its other massively impactful business units. Amazon Prime counts over 100 million members,...

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BankTech

Bringing AI into Expense Management – Interview with Fyle, YES FINTECH Accelerator Autumn Cohort Finalist

Businesses typically lose 5% of their annual revenue to workplace fraud, estimates suggest – that amounts to global losses of $2.9 trillion, with falsification and exaggeration of expense reimbursements being one of the most commonplace causes. Expense Management software has seen a healthy growth in adoption in the recent years....

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Financial Inclusion

Daily Review: Humanitarian Assistance Will Emerge as the Most Significant Area of Innovation

“Cash transfer programming (CTP) is widely recognized as one of the most significant areas of innovation in humanitarian assistance, with rapid recent growth and huge potential to meet more needs, better.” – The State of the World’s Cash 2018, Cash Learning Partnership (CaLP) The number of refugees, asylum-seekers and internally...

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WealthTech

WealthTech – Enabling a Culture of Savings & Investment

In a conversation on the investment culture and how technology changed the way individuals of various lifestyles and ages treat personal finance, Kitty Mccormick, Coutts; Stephanie Gopalakrisna, Pershing (a BNY Mellon company); Scott Johnston, Vanguard International; and Iqbal Gandham, eToro, share insights on how technology-enabled access to easier on-boarding for...

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BankTech

How BigTech Challenges Banks

The evolution of bank-FinTech narrative brought us to a logical point, when FinTech is no longer perceived to be a threat to traditional banking, but rather as an instrument in re-establishing their position in the financial services industry. The narrative, however, doesn’t end there. As Citi emphasized in its March...

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