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Why the Financial Industry Is Getting Nicer
Last week’s Money20/20 conference delivered further evidence that it really is a new day in the financial industry . There is not just a technological change afoot but an ethical change: a feeling that finance can do more for people than simply move their money around .
- Categories
- Investing, Technology
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Report: Cash Far More Popular Than Cards and Mobile Money Among Kenyan Online Shoppers
Only 1% of over 80,000 shoppers sampled in the 3rd quarter of this year used cards to pay for products they purchased online, 27 percent preferred to pay via mobile money transfer before or after delivery, while a whopping 72 percent preferred to pay in cash on delivery, according to an internal survey released by Kenyan e-tailer Jumia.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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The Impact of Tech: Sandhya Hegde of Khosla Impact Fund discusses how high-tech solutions can transform lives at the BoP
Khosla Impact Fund is an early stage equity fund that focuses on tech startups that help improve the standard of living at the BoP around the world, with a particular focus on India and East and West Africa. In this interview, recorded at the recent SOCAP15 conference, general partner Sandhya Hegde discusses the sectors and social issues that lend themselves to tech solutions, how Khosla works to help grow the ecosystem for their investees, and other issues related to the impact of tech on the developing world.
- Categories
- Investing, Technology
- Tags
- impact investing
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Groups Sign Funding Deal to Increase Competitiveness for Small Holder Farmers in East Africa
The Alliance for a Green Revolution in Africa (AGRA) has entered into a partnership with KCB Group to facilitate the implementation of a platform that enables smallholder farmers across the East African region access credit and training.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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Identifying and Connecting Promising #Socents: Siemens Stiftung awards meant to help bottom-up solutions achieve high-level goals
Siemens Stiftung's "empowering people. Awards" are designed to identify promising technologies designed to benefit people without access to crucial basic services, add the innovations to a database available to the international development community, and connect the innovators on a common platform and offer them help where they need it.
- Categories
- Technology
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Technology Alone Is Not the Answer in Healthcare
“A technology only solution isn’t going to get us anywhere,” says Shelly Saxena. He’s referring to the growing number of social enterprises and development initiatives that use mobile phones and telemedicine to deliver healthcare in India.
- Categories
- Health Care, Technology
- Region
- South Asia
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‘SEC Ruling on Crowdfunding Both Opportunity and Stumbling Block for Startups’, Expert Says
There has been a lot of talk about SEC’s approval of Title III of the JOBS Act, which allows, for the first time, also non-accredited investors to join equity crowdfunding campaigns.
- Categories
- Technology
- Tags
- crowdfunding, regulations
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Omidyar Network Report Reveals Disruption in Emerging Market Credit Score Business
Omidyar Network today released "Big Data, Small Credit: The Digital Revolution and Its Impact on Emerging Market Consumers", a research report that analyzes a new category of technology enterprises that are disrupting the traditional way of assessing consumer credit risk in emerging markets. Using non-financial data—such as social media activity and mobile phone usage patterns—complex algorithms and big data analytics are delivering a quicker, cheaper, and more effective credit assessment of consumers who lack credit histories and were invisible to lenders before.
- Categories
- Technology