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Fintech Listed as Emerging Risk to Financial Stability in Report
“Fintech risk, which was included in this survey for the first time, was acknowledged as a significant source of risk by 15 percent of respondents,” the authors wrote. “Generally recognized as holding great promise, these results demonstrate a growing awareness of potential emerging risks, highlighting the need to evaluate both risks and rewards associated with fintech initiatives.”
- Categories
- Finance
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Four Ways to Tackle Weak Competition in Digital Financial Services in Emerging Markets
Everyone loves a digital finance success story - but what happens when a firm's dominance gets out of hand? That's the issue in many emerging economies, where powerful players and extreme consolidation have raised the risk of abuses of market power. Simone di Castri and Ariadne Plaitakis of BFA suggest four ways policymakers and regulators can level the playing field.
- Categories
- Finance, Technology
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Facebook co-founder’s B Capital leads $10M investment in Indian payment startup Mswipe
B Capital, the investment firm from Facebook co-founder Eduardo Saverin backed by BCG, has stepped into India after it backed smart point-of-sale company Mswipe in its first deal in the country.
- Categories
- Finance
- Region
- South Asia
- Tags
- fintech, venture capital
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How This Chinese Fintech Company Is Innovating by Leasing Cows
While global investors have often honed in on China’s booming urban centers, Chinese financial tech firms are beginning to look at the middle kingdom’s increasingly affluent rural, farming-based consumers.
- Categories
- Agriculture, Finance
- Region
- Asia Pacific
- Tags
- fintech, rural development
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Bitcoin: Indonesia bars use by fintech firms
Indonesia’s central bank has issued a regulation banning use of cryptocurrencies by financial technology companies involved in payment systems, and said it is examining whether there’s a need to regulate trading on virtual currency exchanges.
- Categories
- Finance
- Region
- Asia Pacific
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Apple Pay takes on China’s internet kings in mobile payments
In an early boost, China’s biggest lender, Industrial and Commercial Bank of China Ltd (ICBC), was among the banks that said earlier this week that customers would be able to use Apple Pay from Thursday.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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The Clear Blue Water on the Other Side of the Digital Divide
Digital financial exclusion represents both a development challenge for poor customers, and a missed opportunity for providers, says MicroSave founder Graham Wright. While providers fight for a share of the most profitable and easiest-to-reach markets, they often overlook the vast commercial potential of lower-income communities – in territory that is largely not competed. Wright explores how to tap into this "fiercely loyal" market.
- Categories
- Finance, Technology
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Safaricom adds voice control to m-Pesa
In what the company hailed as a world-first, its customers will be able to check balances before and after making transactions by dialling a number from the handset connected to their account and entering a code.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa