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Press release: Citi Foundation And Living Cities Announce Findings From City Accelerator Infrastructure Finance Initiative In Four Major American Cities
"Officials at all levels of government face very real obstacles to taking on the challenges that have the greatest impact on residents' health, social and economic futures," said President and CEO of Living Cities Ben Hecht. "This report highlights real-world solutions and new ways of thinking about capital that can be employed by cities across the country. These four cities are leading the way to create stronger, more equitable communities."
- Region
- North America
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China Online Finance Regulator Tells Unqualified Micro-Lenders to Stop Lending
"Some institutions are not qualified to issue loans but have used false promotion to attract clients, conduct violent debt collection, and charge extremely high interest rates and fees, causing financial risks and social problems in some regions," it said in the letter released on its website.
- Region
- Asia Pacific
- Tags
- regulations
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How small loans can be made cheaper
“Our mothers and sisters who live in villages, whether they are educated or not, have taken a pledge. Twelve lakh people have taken a pledge that they will transact their self-help group-related business cashlessly; they will go with digital transaction, with RuPay cards,” Modi said.
- Categories
- Finance
- Region
- South Asia
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Kenyan regulator to force collaboration on Safaricom, rivals
The Communications Authority of Kenya (CA) is set to introduce laws to impose mobile money service interoperability in the country after providers failed to deliver the change themselves, The Standard reported.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, regulations
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Zurich Insurance ups ‘impact investment’ target to $5 billion
The target forms part of a move by insurers to tackle the causes of climate change and other social issues for which they often pick up the bill, including healthcare costs associated with tobacco use.
- Categories
- Investing
- Region
- Europe & Eurasia
- Tags
- impact investing
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Here’s What the World’s Central Banks Really Think About Bitcoin
Eight years since the birth of bitcoin, central banks around the world are increasingly recognizing the potential upsides and downsides of digital currencies.
- Categories
- Finance, Technology
- Tags
- fintech
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China Citic, Baidu launch direct bank in fintech push
China Citic Bank Corp and search engine giant Baidu Inc launched on Saturday a direct banking joint venture, dubbed AiBank, to capitalize on China’s rapidly growing fintech sector.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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Who Are Kenya’s Financially Excluded?
After a decade of significant declines in financial exclusion, these new numbers raise the question of whether the strongest mobile money markets, such as those in East Africa, might be reaching a plateau in financial access.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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