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Ripple Targets China’s $67 Billion Remittance Market, Plans to Open New Office in Shanghai
In January, Ripple launched the Blockchain Technology Research Scholarship Program (BRSP) in collaboration with Tsinghua University Institute for Fintech Research, a leading, fintech-focused academic institute in Beijing.
- Categories
- Finance
- Region
- Asia Pacific
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Can Mobile Money Boost Financial Inclusion in Southern Africa?
Mobile money offers opportunities for the unbanked to save, spend, and transfer money using just a cell phone. Linda Du ’19, an MBA student at Yale SOM, traveled to Zambia, Malawi and Mozambique to talk with providers, customers, and others about the technology’s potential to give the poor access to the financial system.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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A Microfinance Pioneer Branches Out: Early Learnings from FINCA’s Experiences as an Impact Investor
Some three decades after launching its work in microfinance, FINCA International has gotten into impact investing. Hoping to better understand emerging innovations and their impact on its customers and operations, FINCA Ventures has invested in six social enterprises operating in sub-Saharan Africa. Ami Dalal, the initiative's managing director, discusses the lessons it has learned so far, and how these investments improve FINCA's business strategy while furthering its mission.
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A Peter Thiel-Backed Credit Card Company That Caters to People with Little to No Credit Just Raised $30 Million
Peter Thiel has doubled down on his investment in a credit card company geared towards people that might typically be turned down by traditional banks.
- Categories
- Finance, Technology
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China Wants to Boost Loans to Small Businesses. Tech Companies May Be the Answer
China's push to encourage lending to smaller companies has created a business opportunity for large financial technology companies.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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What Larry Fink’s 2019 Letter Means for the Future of Business
Last year, Larry Fink’s annual letter to CEOs forged its way into public and corporate consciousness. This year’s highly anticipated letter from Fink reiterated and expanded upon many of his 2018 points.
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Nigeria Loses N197 Billion to Financial Services Fraud Annually – Osinbajo
Osinbajo, who was represented at the event by Barr. Bolaji Owoseye said the positive developments in the nation's telecom sector attract new dangers because fraudsters have also infiltrated the system to compromise telecom platforms, thus putting all these positive outlooks from mobile money and financial services at risk.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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The Rural Credit Rush in India
Data released by Microfinance Institutions Network, a national body for non-banking finance company-micro finance institutions (NBFC-MFIs), shows that NBFC-MFIs, which focus on lending in rural India, account for the largest chunk of the loan portfolio of the microfinance industry.
- Categories
- Finance
- Region
- South Asia
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