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KYC is a Journey, Not a Destination: The Value of Know-Your-Customer Innovation for African Tech Startups
Identity theft is increasingly common in Africa, and the problem is likely to get worse. According to Lanre Ogungbe at Identitypass, digital access is expanding rapidly on the continent, and tech startups are under pressure to create frictionless signup processes for new users, which sometimes comes at the expense of better security. He argues that this has created an urgent need for better Know Your Customer (KYC) processes, and explores why tech startups should view KYC not as a regulatory obligation, but rather as an opportunity for innovation that can improve their products, protect their customers and increase their business success.
- Categories
- Finance, Technology
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World Bank Provides $250 Million for Indonesia Digital ID for Public and Private Service Access
The funding will strengthen Indonesia's civil registration and increase the use of biometric digital identification for accessing public and private sector services.
- Categories
- Technology
- Region
- South Asia
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Announcing NextBillion’s Most Influential Articles of 2022
NextBillion’s “Most Influential Article of the Year” contest has concluded, and after tallying the votes, we’re excited to announce the three winners, as selected by our readers. Congratulations to the winners and their organizations! And many thanks to the other contestants, to all our guest writers from the past year – and also to the unsung heroes: the comms teams that play a key role in facilitating many of our articles.
- Categories
- Finance, Technology
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Moneyview Raises $75 Million in a Series E Funding Round in India
The proceeds of this capital raise will be used as growth capital to scale the core credit business.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Announcing NextBillion’s Most Influential Articles of 2022: Vote for Your Favorite!
It's time for NextBillion's “Most Influential Article of the Year” contest, in which we select our 12 most-read articles from the past year and invite readers to choose their favorites. We welcome you to read the articles and to vote by scrolling down to the voting app at the bottom of this announcement — or at the individual articles in the contest, which are linked in this announcement and posted on our homepage. You can vote up to one time per hour during the voting period, which will run from Dec. 21 to Jan. 3. We wish you a happy holiday season and a prosperous new year!
- Categories
- Agriculture, Coronavirus, Energy, Environment, Finance, Impact Assessment, Investing, NextBillion Originals, Technology
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Press Release: With Focus on Africa, New DFC and Mastercard Collaboration to Provide up to $50 Million in Potential Financing to Enable Digitization and Financial Inclusion
DFC seeks to support potential investments of up to $50 million in organizations within the Community Pass network.
- Categories
- Agriculture, Finance, Technology
- Region
- Sub-Saharan Africa
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Access, Understanding and Trust: Breaking Down the Barriers to Women’s Participation in India’s Digital Finance Revolution
The digital gender divide has long occupied international development headlines, as gaps remain between men and women in both access to and usage of digital technologies in many emerging economies. According to Anant Nyshadham at Good Business Lab, Shalin Gor and Divya Nair, and Emily Coppel at IDinsight, India is no exception. They explore the three types of obstacles that are preventing Indian women from participating in digital financial services, and share some implications for providers of these services.
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- Finance, Technology, Telecommunications
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Most Tanzanian Merchants Believe That Digital Retail Payments Will Benefit Their Business. Why Are They Still Using Cash?
A large gap between the use of digital retail payments in high-income countries and low and middle-income countries (LMICs) cannot be completely explained by differences in access to digital financial tools.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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