Does Public only facilitate social investing in for-profits, or, does Public also facilitate social 'investing' (really granting/donating) to non-profits that are focused on social impact, sustainable development, etc.?
03 Mar 2020 19:06 Read comment
While many are spellbound by the cashless-society zeitgeist, there is a growing understanding that large portions of societies - the unbanked - will face worse difficulties in cashless societies (Finextra recently shared a warning-report that ~17% of UK population would be negatively impacted). The other major issue stewards of DFS/MFS initiatives own responsibility of is the risks of herding societies into completely digital economies in the current climate of cyber-crime still outpacing cyber-security sophistication. Cashless societies face under reported risks of being potential financial cyber-slaughterhouses. Forms of DFS/MFS remain magnificent innovations to help improve the lives of billions of the unbanked and underbanked, but complimentary with cash due to these two fundamental environmental limitations of today's reality (access is not ubiquitous and inadequate cyber-security).
08 Mar 2019 13:49 Read comment
ATMIA has an important perspective about cash still having a important role - now and in the future. Just as financial inclusion is about more than just the banking industry, financial inclusion is about more than DFS. Keep in mind not only cash's no-prerequisite conditions advantage (certainly a challange for KYC related issues), but if anything, cyber-security concerns are growing, plus other 'things' happen (from this week's total outage of M-Pesa in Kenya to the February 2016 Ugandan Communications Commission decision to abruptly order the disabling of all mobile money platforms for ~4 days). Those with cash were not nearly as impacted as those more reliant on DFS in these examples. At least for the foreseeable future, let's be honest with what the true meaning of financial inclusion is. (Even those who have never seen cash of any form have at least been involved in a form of financial inclusion that is bartering).
27 Apr 2017 13:56 Read comment
Steven SchwartzFounder & President at Global Cyber Consultants
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.