Retired Member
Well it’s definitely ready and the data and organisations to support you are established, so here’s what we know… Traditional Scoring Methods/Data The UK market typically engages with 1 or more of the 3 stand-alone independent bureaux, supplying historic voter’s role and credit payment data for inclusion within credit decisioning scorecards. Data
29 March 2016 /inclusion
Graham Seel Principal Consultant at BankTech Consulting
A simple concept, well executed. That is Active Hours, a Fintech solution that pays employees who live paycheck to paycheck as soon as they have earned their pay, rather than two weeks later. The Active Hours story says a lot about how Fintech has started to impact basic financial needs of those with not much to spare. I had the privilege to parti...
21 March 2016 /inclusion Financial Inclusion
Konstantin Rabin Head of Marketing at Kontomatik
When banking APIs emerged, or even when their processing screen scraping technology was used, banks hysterically objected, trying to block this “extraordinary” access to their clients’ data. It wasn’t only security precautions, which drove this reaction — banks often referred to as opening the Pandora’s box — but mostly something very simple and p...
17 March 2016 /retail /inclusion
Vinod Sharma CTO - FinTech Domain at Econet Wireless Zimbabwe
Abstract – Financial inclusion in a simple language can be defined as “Ensuring access to basic banking services (Provided by any bank’s banking services or MNO’s mobile money services)”. The subject of Financial Inclusion is so huge that it can take billions of pages to get defined and picturise but still would not be enough. Idea for this post i...
06 March 2016 /inclusion Financial Inclusion
RBI (Reserve Bank of India) formally introduced the Financial Inclusion policy during 2005-06 with the main objective of connecting underbanked/unbanked people with the banking system. Approximately, 50-60 INR is per transaction cost at branch level and at ATM its 15-20 INR. Penetration of both branch and ATM is not good enough considering varied d...
03 March 2016 /payments /inclusion
The P2P and crowdfunding industry was worth £3.2bn in 2015, according to the new University of Cambridge and Nesta report published this week. That sounds good, but what does it actually mean? We’ve done the hard work for you and pulled out the top five things from the report. Equity crowdfunding underwent a 295% increase on the £84m raised in 20...
18 February 2016 /inclusion
The growth in FinTech businesses, with an increased focus on financial innovation, was bound to provide a fairly large impact to a nascent industry where data and the maintenance of such is a key area of the financial world. Primarily this innovative area has been driving change within the payments space of retail banking, but we are seeing this t...
16 February 2016 /regulation /inclusion
In the last decade, we have seen an unprecedented level of disruption in the financial services market. New start-ups have challenged the traditional silos in the financial industry – and even threatened the way that money is generated and exchanged. Financial institutions have made and been confronted by bold moves including developments like con...
02 February 2016 /inclusion
Abstract: This article focuses on how & what mobile money subscriber thinks and experience in their life span of mobile money journey. Lot has been said on how to design, what to design, how to price, what all services to give (From service provider mind set). What customer wants, how customer wants, what customer understand and sets depiction...
23 January 2016 /inclusion Financial Inclusion
A whopping two billion people don't have access to any formal financial service. To put that in perspective, that’s twice the number of people who don’t have cell phones. Fintech represents a huge opportunity to level the playing field and help extend economic opportunity to all. Here are four ways that fintech can change the world for the better:...
18 December 2015 /inclusion Financial Inclusion
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