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Latest Results from /inclusion

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Petal launches credit card for people with poor credit

US fintech startup Petal has unveiled a credit card designed for people with non-prime credit scores in the wake of the Covid-19 crisis.

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Sibos 2020: 'In a world of CBDCs, I am not sure what Swift would do' - David Birch

David Birch, author and financial services consultant, compares Swift to CB radio or Charlie's Angels, as an "affectionate tribute to the 1970s".

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Sibos 2020: What percentage of cross-border payments could be made in CBDCs?

Delegates discussing central bank digital currencies (CBDCs) at Sibos 2020 agree that there is a long road ahead for global mass adoption to facilitate cross-border payments.

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2010 revisited: Banks' response to crisis today is more proactive than in 2008

As Sibos 2020 kicks off, we look back to some of the predictions and forecasts made in 2010 and pick through what lessons can be learnt from the post-financial crisis world to inform strategy in the not dissimilar economic environment of today.

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Finastra to prioritise tackling financial exclusion and SME funding issues

As part of its accelerated innovation mission and open cloud platform strategy, Finastra has set forth a plan to support nine million lives around the world and focus on resolving the SME funding gap, inequality in financial services and financial exclusion.

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Royal Mint will not make new 2p or £2 coins for 10 years

With demand dwindling, the UK's Royal Mint is not planning to make any new 2p or £2 coins over the next decade.

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Bank of Thailand issues new rules for digital loans

Thailand's central bank has published new measures for the growing digital personal loan market that will allow lenders to use a wider range of alternative data sources when making credit decisions.

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SmartPurse female financial advice platform launches

Women's rights campaigner Jude Kelly has joined forced with former banking executives Olga Miler and Jacki Zehner on a money coaching and learning start-up, called SmartPurse, aimed at making financial education affordable and accessible to every woman.

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German fintech Monedo files for bankruptcy

A German fintech once backed by PayPal investor Peter Thiel, has filed for bankruptcy after failing to recover from the economic effects of the Coronavirus pandemic.

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Lagarde makes case for digital euro

The president of the European Central Bank, Christine Lagarde, has suggested that the Euro Zone's central bankers are close to making a decision on whether to press ahead with the development of a central bank digital currency (CBDC).

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UN Secretary-General: Digital finance is the optimal channel to deliver long-term financing of SDGs

The UN Secretary-General’s Task Force on Digital Finance has today launched an Action Agenda that justifies how harnessing digitalisation can empower citizens to be in control of their finances. This will in turn ultimately align with the needs collectively manifested in the Sustainable Development Goals (SDGs).

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Alipay Ant Forest, the catalyst for enabling citizen action towards carbon reduction

According to the Green Digital Finance Alliance (GDFA), by introducing nudging and incentives on digital platforms, there is potential for substantial behavioural change among digitally-savvy consumers. This can act as a springboard for scalable global climate change mitigation and reduce 8.6% of emissions from public transport.