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Women in financial services are tackling an underserved market: themselves
Financial services for women have historically been abysmal. Management consulting firm Oliver Wyman has called women its “single largest underserved group of customers.” According to a recent report financial services firms—those in banking, insurance, and wealth/asset management—are leaving $700 billion in revenue on the table by using assumptions that are built around men’s careers and not offering solutions that address the realities of women’s lives. Women invest less than men and have lower retirement savings, even though they live longer on average. They also have less access to capital, fewer financial rights, and end up poorer as a result.
- Categories
- Finance
- Region
- South Asia
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Chinese Fintech Company Ant Financial Quietly Takes Stake in Vietnam’s eMonkey Amid Anti-China Sentiment
Alibaba affiliate Ant Financial has quietly acquired a sizeable stake in Vietnamese e-wallet eMonkey, sources say.
- Categories
- Finance
- Region
- Asia Pacific
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BRAC Founder Sir Fazle Hasan Abed Passes Away
"We will honour his legacy with the same resilience, dignity and humility that he has instilled in us."
- Categories
- Finance
- Region
- South Asia
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Goldman Sachs Leads $15M Investment in Indian Fintech Startup ZestMoney
Bangalore-based ZestMoney announced it has raised $15 million from Goldman Sachs and existing investors Naspers Fintech, Quona Capital and Omidyar Network.
- Categories
- Finance
- Region
- South Asia
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Insights, Analysis and Debate: Vote for the Top NextBillion Article of 2019
Another year has come and gone, and it's time for NextBillion to select our most influential articles of 2019. As usual, we’re turning to you, our readers, for help. We've selected our 12 most-read articles of the year, and we invite you to vote for the one that impacted your thinking the most. You can vote up to 12 times during the voting period, which runs from Dec. 20 to Jan. 2. The winner will be announced on Jan. 3. As always, thank you for reading, contributing content to, and engaging with NextBillion!
- Categories
- Education, Energy, Environment, Finance, Investing, Technology
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Fintech in Brazil Vows to Prove Goldman, Morgan Stanley Wrong
“Given how much we’re growing, I think it’s heroic that we’ve been turning profits and are delivering the profitability levels we already do,” Menin said in an interview at Banco Inter’s Belo Horizonte headquarters. “I lose no sleep over the difference between our profitability and that of Brazil’s biggest banks.”
- Categories
- Finance
- Region
- Latin America
- Tags
- fintech
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Vodacom Tanzania and WorldRemit Launch Mobile Money Transfers to M-Pesa Accounts
Using the WorldRemit app, Tanzanians living abroad in over 50 countries can send money home and the new service increases convenience for recipients in Tanzania who can receive international money transfers directly to their phones, without the need for a bank account or internet connection.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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MTN South Africa Sets Mobile Money Relaunch Date
Both MTN and Vodacom (with M-Pesa) launched mobile money services in South Africa years ago but both withdrew from the market after failing to gain the traction they sought.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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