Latest Financial inclusion News: Finextra Research

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.

26 August 2020

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BIS examines the rise of the CBDCs

While central banks around the world are investigating the creation of their own digital currencies, there is huge variance in the approaches being taken, a new Bank for International Settlements (BIS) working paper shows.

24 August 2020

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Commonwealth and JPMorgan to assess how new tech will impact the financially vulnerable

Boston-based nonprofit Commonwealth is collaborating with JPMorgan on a two-year project to explore the impact of emerging technologies such as AI and Big Data on the lives of lower-income workers.

20 August 2020

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Fintechs form coalition to fight racial inequality

Some of fintech's biggest names - including Credit Karma, Monzo and Varo - have joined a new coalition to fight racial inequality in the industry.

20 August 2020

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Brazilian microlending fintech SuperSim secures $5.6m funding

SuperSim, a São Paulo-based microlending startup, has secured $5.6 million in Series B funding through debt financing.

17 August 2020

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DBS: Central banks 'troubled and intrigued' by expansion in digital currency

DBS describes the growth of digital currency as both fascinating and daunting in a new research paper, 'Digital Currencies: Public and Private, Present and Future'.

17 August 2020

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Drawing up the correlation between the evolution of the fintech ecosystem and Covid-19

How important is fintech in perpetuating and augmenting financial inclusion in emerging markets? Matthew Blake, head of financial services and member of the executive committee at the World Economic Forum believes that the fintech sector’s role in banking the unbanked and underserved is vital.

14 August 2020

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Standard Chartered and Airtel team on African mobile money services

Standard Chartered Bank has joined forces with telco giant Airtel Africa to drive financial inclusion across the continent through mobile services.

14 August 2020

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Discerning the impact of Covid-19 on fintech firms and their role in financial inclusion

While the fintech industry is still evolving, the evidence so far indicates that it has a key role to play in financial inclusion, according to Ana Fiorella Carvajal, lead financial sector expert at World Bank. This role comprises not just the provision of basic services, such as payments mechanisms, but more recently also the provision of financing to consumers and SMEs.

13 August 2020

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RBI plans offline digital payments pilot, sets up innovation hub

The Reserve Bank of India is prepping an offline digital payments pilot to encourage the migration from cash in rural areas that lack internet connectivity.

07 August 2020

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Remitly raises $85m at $1.5bn valuation

Digital remittance outfit Remitly has raised $85 million at a $1.5 billion valuation in a funding round led by existing investor Prosus’s PayU.

29 July 2020

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TrueLink raises $35m for financial services helping vulnerable people

True Link Financial, a US firm building financial tools for vulnerable people, has raised $35 million in two Series B tranches, the first led by Khosla Ventures and the second pre-emptively led by Centana Growth Partners.

29 July 2020

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