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How Blockchain Is Transforming The Energy Industry
Today, a new technology, blockchain, is shaping the commodity market, making it more efficient with reduced transaction costs.
- Tags
- blockchain, digital finance, fintech
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India ranks behind five African countries in Financial and Digital Inclusion says Brookings study
While at first glance it may sound disappointing that India lags behind five African countries in Financial and Digital inclusion, a closer look at the data reveals great news for Indian companies which are in the financial services and the digital space.
- Categories
- Technology
- Region
- South Asia
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Peer pressure, applied well, boosts financial health
When you’re working to reach a financial goal, friends can be equally helpful. Peers can influence how much you save for retirement, determine when you choose to retire and even shame people into paying their taxes, studies show.
- Categories
- Technology
- Region
- North America
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Gates Foundation to Improve Enterprise Productivity in Tanzania
The co-founder of Microsoft landed in Dar es Salaam to support Tanzania’s financial inclusion agenda. The project has been launched by Gates and other joining leaders from government, financial service providers, mobile network operators and digital financial service providers.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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How Flexible Financing, Solar Panels and Data Could Be Key to Financial Inclusion
With over 1 million units installed in the past four years, the PAYGo financing model is already unlocking significant growth for the off-grid solar industry. But the sector also faces formidable challenges. FIBR, a project by BFA in partnership with Mastercard Foundation, is exploring ways PAYGo solar can leverage data to make better point-of-sale decisions, customize product offerings, engage and retain agent networks, inform future follow-on products, and build linkages with other financial service providers.
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On Bitcoin, India’s Government And Tech Companies Find Common Ground
Clearly, despite some initial reservations, the Indian government is keen on understanding how Bitcoin works and is willing to deploy resources to build frameworks.
- Categories
- Technology
- Region
- South Asia
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Mobile Podcasts: A Cost-Effective Way to Boost Financial Literacy in India
As a reader of this blog, you likely find it easy to read and understand instructions about basic banking processes, and breeze through simple transactions like ATM withdrawals. But what about those who lack literacy skills, or who are just getting introduced to the world of finance? Mobile phone podcasts, particularly those delivered to targeted audiences in their language, can be a solution. With the potential to reach more than 1 billion mobile subscribers in India, mobile phone podcasts could bring financial literacy to underserved communities.
- Categories
- Technology
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Machine Learning Meets Credit Scoring: How it Can Help Reduce Loan Delinquency Costs
Investment in predictive algorithms for credit scoring is a no-brainer for sophisticated digital financial service providers. Brick-and-mortar financial institutions that are just beginning to explore technology applications should follow suit, according to BFA, because credit scoring optimizes three business layers that improve the overall bottom line.
- Categories
- Finance