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Khosla Labs & Unitus Seed Fund to Incubate and Back Up to Six Aadhaar-Based Startups
Bangalore-based startup incubator Khosla Labs has partnered with seed-stage impact investor Unitus Seed Fund to incubate and fund four-six startups working on the Unique Identification Authority of India (Aadhaar) project.
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- Uncategorized
- Region
- South Asia
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Survey: 36.9m Nigerians Excluded From Financial System
Findings from the EFInA access to financial services in Nigeria 2014 survey has revealed that 36.9 million adults, representing 39.5 per cent of the population are financially excluded.
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- Uncategorized
- Region
- Sub-Saharan Africa
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PRESS RELEASE: Global Banking Alliance for Women Announces Partnership to Close Gender Data Gap in Finance
The Global Banking Alliance for Women (GBA) is proud to announce a partnership with the Inter-American Development Bank (IDB) and Data2X to expand the collection and use of financial data on women in economies around the world. The commitment was announced this morning at an event in New York headlined by speakers Secretary Hillary Rodham Clinton and Michael R. Bloomberg, during a panel moderated by Chelsea Clinton. The initiative aims to close the gender data gap in the banking sector, leading to greater financial inclusion and empowerment of women.
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Underserved Markets Ripe for Insurance Innovation, Swiss Re Americas CEO Says
Underserved populations and market niches are ripe with potential for insurance innovators who are willing to take on the challenge of creating opportunities in areas that may seem unprofitable at first glance, says the chief executive of the Americas unit for one of the world’s largest reinsurance companies. And the ability to reach those markets digitally is key.
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NexThought Monday – 12/15/14 – The Over-The-Counter Paradox: Dependence on agent transactions is holding digital finance back – but could agents also move the sector forward?
Over-the-counter (OTC) transactions are mobile money transactions facilitated by a provider’s agent network - and they’re an integral part of most successful services. But while MicroSave founder Graham Wright argues that dependence on OTC transactions is hobbling the development of the digital finance ecosystem, he says these agents could also present a solution.
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MasterCard Sees Opportunity with Nigerian E-ID Cards
There’s a lot of untapped potential in the Nigerian commerce market — which is growing — and MasterCard has discovered a marketing niche with the country’s national high-tech e-ID card pilot project.
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- Uncategorized
- Region
- Sub-Saharan Africa
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American Express Serve Announces Research Pilot to Encourage Consumer Saving
American Express AXP, -0.91% today announced that it is kicking off a research pilot to study consumer savings behaviors using the Serve software platform. This research pilot can help identify new ways to promote saving and explore whether certain behavioral interventions are effective in increasing consumer savings. This program will also help inform research at the Consumer Financial Protection Bureau (CFPB), the U.S. government agency charged with making financial markets work for American consumers, to better understand how to promote saving among consumers.
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Twitter Top Ten – 12/14/14: Our favorite tweets of the week
As we move one step closer to the end of the year, we’ve got a full slate of interesting tweets from the past week. They include some encouraging investments and new partnerships, important new research, and an intriguing reply from Safaricom to a recent NextBillion post. As always, if you see anything you like, be sure to retweet it.
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- Health Care, Social Enterprise