Payments

Mobile – The Innovation Platform of the 21st Century

“More than half the world’s mobile subscribers live in Asia-Pacific – mostly in China and India. Although the region has reached its peak in terms of subscriber growth, Asia-Pacific will account for almost two-thirds of new subscribers globally by 2020, with most of the incremental growth coming from the two...

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Authentication & Security

Daily Review: Digital Identity – The Most Valuable Asset of the Century

One’s identity is a centerpiece of every aspect of his/her life – financial and social standing, health, family welfare, employment, education, etc. Identification – whether through civil registries or other national identification systems – has three overarching outcome goals from a development perspective: inclusion and access to essential services (health...

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Retail Banking

Daily Review: Banks are Launching Own Digital-Only Banks in Response to Challengers

After a period of observation and learning, financial institutions are getting on the challenger bank bandwagon themselves, embracing digital transformation outside main business structures: digibank by DBS Bank, Incredible Bank by River Valley Bank, Popular Direct by Popular Bank, FNBO Direct by the First National Bank of Omaha, Finn by...

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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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