Latest Financial inclusion News: Finextra Research

IFGS 2023: How can we drive true diversity forward in fintech?

In the panel, ‘Beyond Lip Service: Advancing True Diversity in Fintech’ during IFGS 2023, panellists Lord Christopher Holmes of Richmond MBE, Sonal Lakhani, global head of fintech programmes and strategic initiatives for Barclays Innovation, Mary MacPherson, financial services sector lead at EY, and Damien Shieber, board member at Progress Together, explored how financial services can champion inclusivity.

18 April 2023

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Childhood financial education backed by Centre of Financial Capability

On the 29th of March, the Centre for Financial Capability organised a charity event in UK Parliament to push for widespread and standardised financial education in the UK.

14 April 2023

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Walmart invests $200m in Indian fintech PhonePe

Indian mobile payments company PhonePe has secured $200 million in primary capital from US retail giant Walmart.

17 March 2023

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South Africa's real-time low value payments platform launches

South Africa in beginning the roll out of Payshap, a low value, interbank, real-time digital payments service aimed at increasing financial inclusion to the underbanked segment.

16 March 2023

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Square launches accelerator programme for Black and Latino entrepreneurs

Square has launched a business accelerator programme designed to provide Black and Latino retail entrepreneurs with funding, mentorship and coaching.

15 March 2023

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Nigeria's central bank releases PSD2-style open banking legislation

The Central Bank of Nigeria (CBN) has approved operational guidelines on open banking this week, becoming the first country in the African region to adopt open banking regulations.

10 March 2023

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Indian digital lender DMI raises $400m

Indian digital lender DMI Finance has raised $400 million in a financing round led by Japanese giant Mitsubishi Bank.

08 March 2023

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Offline CBDC could boost financial inclusion and privacy - Bank of Canada

An offline CBDC could offer a compliment to cash that would boost financial inclusion and preserve privacy, suggests a note from the Bank of Canada.

07 March 2023

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Fintech deals in Singapore reach record levels

Singapore's fintech sector enjoyed a mixed year in 2022, with a record level of activity but a significant drop in the level of funding, according to recently published data.

03 March 2023

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UK government announces delay to Pension Dashboard initiative

The UK's wealth management and pensions industry has expressed its disappointment at the announcement of a delay to the much anticipated Pensions Dashboard project

03 March 2023

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Financial Cloud Summit 2023: Strategising digital transformation and balancing trust with partners

To successfully engage in digital transformation in the transition to the cloud, financial firms are looking for creative methods to approach their cloud strategy. In doing so, companies are dealing with issues of cost, security, and scalability. The first stage of the conference explores how companies are making strategic on visibility, data ownership, cloud providers, and more.

02 March 2023

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Remitly ditches banking app Passbook

Digital remittance outfit Remitly is shutting down Passsbook, its online bank account for US-based immigrants.

01 March 2023

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