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The Future of Fintech is Now: Takeaways from Harvard’s Rethinking Financial Inclusion 2018
Those looking to technology to boost financial inclusion should stay focused on problems rather than solutions. That may sound counterintuitive, but Michael Fryar at Harvard's Evidence for Policy Design cautions that it's tantalizingly easy to treat fresh tech like a shiny new hammer and every problem as a nail. Fryar discusses this and other key insights from the recent "Rethinking Financial Inclusion" program at Harvard Kennedy School.
- Categories
- Finance, Technology
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IMF Head Says Central Banks Should Look At Issuing Digital Currency
According to the Financial Times, as it stands now, central banks are divided on how to respond to the increase in digital payments and digital tokens.
- Categories
- Finance
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MTN is planning to launch its mobile money service in Nigeria next year
The company will apply for a mobile banking license in Nigeria and plans a launch of its mobile money service in Africa’s largest economy in the second quarter of next year, its CEO said at a trade show in Cape Town on Tuesday (Nov.13).
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Watch the Recording of the Live-Streamed Debate: Is There Still Room in Microfinance for Smaller MFIs?
As the 2018 European Microfinance Week came to a close, the conference hosted a live debate on whether there's still room in microfinance for "the little guy" - ie: smaller MFIs. This was an Oxford-style debate, with two speakers arguing that there's no room for smaller players, and two arguing for the continued relevance of these institutions. Hear their arguments and find out who won (yes, there were judges) in the recorded video here.
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- Finance
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India prime minister says financial tech needs to be a ‘movement’ — not a ‘mechanism’
Indian Prime Minister Narendra Modi said on Wednesday that development of financial technology, or fintech, should be a movement that can improve the lives of the world's most marginalized people.
- Categories
- Finance
- Region
- South Asia
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The Digital Transformation: Four Opportunities and Three Threats for Traditional Financial Institutions
Digital finance can reduce the annual cost of serving customers by up to 80 percent – one reason why financial services providers are embracing it. As MicroSave founder Graham Wright sees it, this race toward digitization is creating a watershed moment for financial and social inclusion. The sector’s decisions now will determine whether it will contribute to truly inclusive economies – or create a growing digital divide. Wright explores four ways this transformation could help financial services providers and their customers – along with three major pitfalls they must avoid.
- Categories
- Finance
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Press release: Prodigy Finance Launches Refinance Product for International Working Graduates Looking to Reduce Financial Costs
Prodigy Finance, the pioneer in cross-border finance, announces the launch of a loan refinance product for international working graduates looking to reduce their student debt. The product will allow these alumni, who previously had limited options available to them, to save at least US$20,000 over the life of the loan, by accessing lower rates and choice of terms.
- Source
- Press release
- Tags
- financial health
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Virtusa launches API Exchange for financial inclusion
The platform will include an online global FinTech marketplace and sandbox platform. APIX will accelerate financial services innovation and inclusion by enabling collaboration between financial institutions and FinTech innovators.
- Categories
- Finance, Technology