865 Results from /inclusion
Lee Britton Commercial Director at Prepaid Financial Services (PFS)
According to the World Bank, there are 2 billion unbanked adults globally. While this has reduced from 2.5 billion in 2011 thanks to new products and services becoming available that serve this market better, there is still a long way to go before the goal of universal financial access by 2020 is attained. The issue of providing banking services...
05 April 2016 /inclusion
Retired Member
George Osborne hopes to make London a fintech leader, but the Brexit threatens the industry’s survival. Why would Britain champion this booming industry only to destroy it? Modern politics is all about simple opposites and simple solutions: left vs right, save vs spend, and now, in vs out. The black and white nature of politics, at its worst, is st...
04 April 2016 /security /inclusion
Reghunathan Sukumara Pillai Consultant at Infosys
Digitalization involves exploring business models and platforms using digital technologies, devices or techniques to yield several benefits in various aspects of life. Digital solutions can simplify a country’s security and intelligence systems, and its economy and infrastructure, to name a few. For citizens, digitalization promises much needed im...
29 March 2016 /inclusion
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
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
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