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AI Can Do a Lot for Financial Services Penetration in the Hinterlands in India
The departure from a ‘brick-and-mortar’ structure to branchless banking (agent & mobile) can be attributed to ICT adoption by users. This has led to a structural and technical reform in the financial services landscape in the last decade.
- Categories
- Finance, Technology
- Region
- South Asia
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Fusion Microfinance Gets $5.5B USD From Warburg Pincus, Others
The fresh round of capital injection will be used to expand its distribution network across the country, integrate technology solutions across key business lines and strengthen the platform to address untapped growth opportunities within the sector.
- Categories
- Finance
- Region
- South Asia
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Building an inclusive city in Myanmar, one trash alley at a time
From Kenya to Colombia, Spain to Singapore, urban planners, businesses and citizens are creating green, open spaces in fast-growing cities to foster community spirit and tackle rising pollution and cramped living spaces.
- Categories
- Entrepreneurship, Environment, Technology
- Region
- South Asia
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$2.5 Million Initiative to Support Clean Energy-Based Livelihood Solutions in Tamil Nadu
The Council on Energy, Environment and Water and Villgro Innovation Foundation will support at least five enterprises to undertake large-scale commercial deployments.
- Categories
- Energy
- Region
- South Asia
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Women in financial services are tackling an underserved market: themselves
Financial services for women have historically been abysmal. Management consulting firm Oliver Wyman has called women its “single largest underserved group of customers.” According to a recent report financial services firms—those in banking, insurance, and wealth/asset management—are leaving $700 billion in revenue on the table by using assumptions that are built around men’s careers and not offering solutions that address the realities of women’s lives. Women invest less than men and have lower retirement savings, even though they live longer on average. They also have less access to capital, fewer financial rights, and end up poorer as a result.
- Categories
- Finance
- Region
- South Asia
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View: Why ESG matters in financial services
The whole of 2019 saw a fierce and intense debate globally around the adoption of environmental, social and governance (ESG) principles as a way of doing business. The year gave the world in general and India, in particular, some compelling reasons to improve their ESG standards. For example, July 2019 was declared to be the hottest month on record for the planet, and a report in April indicated that air pollution alone kills 1.2 million people in India throughout the year.
- Categories
- Environment, Health Care, Investing
- Region
- South Asia
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BRAC Founder Sir Fazle Hasan Abed Passes Away
"We will honour his legacy with the same resilience, dignity and humility that he has instilled in us."
- Categories
- Finance
- Region
- South Asia
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India’s $62 Billion Sanitation Economy Is Fueling Entrepreneurs in Renewable Energy
The crisis is fueling a growing number of companies and “sanipreneurs” to cash in by finding ways to turn human waste into valuable resources, including renewable energy.
- Categories
- Energy, Entrepreneurship, WASH
- Region
- South Asia
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