71 Results from 2019, /inclusion
Konstantin Rabin Head of Marketing at Kontomatik
In 2019 the fintechs finally managed to become the talk of the town. They expanded their reach, improved the lives of millions and finally this year they got the recognition for what they’ve done and what they can still do. One of the main topics of the conversation this year was the tension between fintech and banks, but more so than that it's th...
30 December 2019 /payments /inclusion Fintech
This year has been a huge success for South Africa and Africa in general as well in terms of gaining a reputation for innovative technologies, embracing financial innovations and producing unicorn startups. This year we’ve seen many services and products come out of South Africa that have impressed the rest of the world and now we’re seeing more a...
26 December 2019 /inclusion Fintech
2019 was an excellent year for fintechs in terms of exposure and raising awareness among the majority of the population about what fintechs are and what potential they hold for the regular citizens. In 2019 we saw a major spike in the number of fintech, in the funding of these fintechs and the collaborations between these startups and the larger, ...
23 December 2019 /inclusion Financial Inclusion
Retired Member
More and more consumers around the world are turning to prepaid for payments. The question you may be asking yourself is, “Why?” For starters, prepaid is convenient, secure, versatile, easy to use, and accepted almost anywhere. In many ways, prepaid cards work like typical debit or credit cards, except they offer the advantages of both without any...
18 December 2019 /payments /inclusion
Tim Duncan Founder/CEO at FinTechCommons.org
Summary: Last week the FDIC announced that it was issuing a new rule that will modify two definitions in the regulations regarding deposits that are facilitated by third parties to banks and other insured depository institutions (“IDIs”). Given that the new OCC “Fintech Bank Charter” is dead in the water, this may be the most important developm...
18 December 2019 /regulation /inclusion Inclusive FinTech
An appropriate time to talk about remittances and their effect on globalisation is right now. According to industry reports remittances have almost overtaken Foreign Direct Investment (FDI) as the largest source of foreign capital inflow in low and middle-income countries. As the number of people living outside their country of birth increased f...
09 December 2019 /inclusion Trends in Financial Services
The prohibition of “unfair or deceptive acts and practices” by federal banking regulators is not new. First introduced via the 1938 Wheeler–Lea Act, with a significant expansion in 2004, the concept has long been baked into American lending practices. But the Dodd-Frank Wall Street Reform Act of 2010 saw another significant expansion of the governi...
02 December 2019 /wholesale /inclusion Financial Risk Management
FinTech, shortened from Financial Technology, is a fast-rising industry that improves financial activities like asset and wealth management through technology, hence its name. It is a technologically driven innovation that seeks to challenge the normal methods used in carrying out activities in finance and the delivery of financial services. Some ...
23 November 2019 /inclusion Fintech
China has now publicly voiced its desire to be the leading country in financial technology development and adoption. The president of the republic openly called for the promotion of blockchain technology across the nation and proceeded to block all the negative opinions about blockchain throughout the Chinese cyberspace. But now the Chinese govern...
22 November 2019 /regulation /inclusion Fintech
The European Securities and Markets Authority has introduced a new system that will classify Third Country Central Counterparties according to tiers. The tiers will be assigned to the CCPs according to their roles with a member state. What this means is that if, for example, South Africa continues its crucial fruit trade with the Netherlands, it w...
15 November 2019 /regulation /inclusion MiFID
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