-
How Can Fintech Startups Address the Financial Inclusion Gap? Three Insights from the Data Standards for Inclusive Fintech
In 2018, over US $110 billion was invested in fintech startups – up 120% from 2017. But will this capital help deliver affordable and accessible solutions to low-income customers at scale? Chrissy Martin Meier at MIX explores why standardized data can highlight gaps in investment, surface promising companies, and more effectively measure inclusion – and how MIX's Data Standards for Inclusive Fintech advance those goals.
- Categories
- Finance
-
Press release: Prodigy Finance Launches Refinance Product for International Working Graduates Looking to Reduce Financial Costs
Prodigy Finance, the pioneer in cross-border finance, announces the launch of a loan refinance product for international working graduates looking to reduce their student debt. The product will allow these alumni, who previously had limited options available to them, to save at least US$20,000 over the life of the loan, by accessing lower rates and choice of terms.
- Source
- Press release
- Tags
- debt, education, finance, financial health
-
Press release: Experian: 78 percent of lenders believe alternative credit data improves financial inclusion
First-ever State of Alternative Credit Data report says lenders believe factoring in alternative credit data allows greater access to credit, consumers willing to provide additional information if it increases chances of approval or better terms
- Region
- North America
-
Report: Cash Usage Rising In Both Developed, Emerging Markets
Despite predictions that cash is going the way of the dodo bird, a new study by the Bank for International Settlements found that notion is more bluster than reality.
-
When Nonprofits Have A Financial Emergency, There’s Now A Fund To Bail Them Out
Nonprofits and social enterprises generally lack extra funds to help out if things go wrong. Unlike traditional businesses, it’s hard to develop a rainy-day fund when donors (or investors) expect most of your money to toward changing lives.
-
Online Lending Startup Aye Finance Bags $3.8 Mn From Hinduja Leyland Finance And IntelleGrow
Gurugram-headquartered online lending startup Aye Finance has raised $3.8 Mn (INR 25 Cr) from three investors, including Hinduja Leyland Finance and IntelleGrow, which provides debt finance to growing businesses in the country. The investment, which took place through a securitisation deal, was facilitated by Vivriti Capital.
- Region
- South Asia
- Tags
- debt, finance, startups, venture capital
-
Avoiding the ‘Ick Factor’: Four Easy Steps to Align Your Investments With Your Values in 2018
Morgan Simon, the author of "Real Impact: The New Economics of Social Change," lays out four simple steps to avoid what she terms the "ick factor." That's the unpleasant feeling that comes when your social values and financial investments aren't aligned – for instance, when your big-name bank is using your money to invest in things like private prisons and fossil fuels. Simon provides an overview of some strategies and socially responsible institutions that can let you earn attractive returns, while feeling good about the impact you're making with your money.
-
India’s flourishing fintech sector is craving the finance minister’s attention
While the Narendra Modi government and the Reserve Bank of India (RBI) have already laid down regulations for certain segments, such as peer-to-peer lending, others like cryptocurrencies and online lending startups are yet to be regulated. Such regulation may mean stricter compliance, but the management at these firms believe it will lend legitimacy to the industry, which is expected to be worth $2.4 billion by 2020. That, in turn, will help them grow faster.
- Categories
- Finance
- Region
- South Asia
Parent Organization
