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Digital Tech Is Turning the Unbanked Into the Banked
More people have accounts than ever. Here’s what we need to do next.
- Categories
- Finance
- Region
- Global
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How the Pandemic Accelerated Financial Inclusion Around the World
The World Bank’s Global Findex 2021 report shows the digital revolution, which accelerated during the Covid-19 pandemic, has transformed the financial services sector.
- Categories
- Coronavirus, Finance, Technology
- Region
- Global
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Viewpoint: Museum Boards And Donors Need To Examine Where Endowments Are Invested
Museums can strengthen their reputations and follow through on their public declarations by aligning the billions of dollars in their endowments with their values and mission.
- Categories
- Investing
- Region
- Global
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African Fintech Startup Yellow Raises $20 Million in Debt Financing
Yellow builds cutting edge software to enable its sales force to serve customers in Africa enabling access to off-grid solar.
- Region
- Sub-Saharan Africa
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Tanzania Slashes Controversial Mobile Money Levy
The levy charged on sending, receiving money using mobile phones drew criticism for heaping burden on people.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Report: Leveraging SME Financing as Engine of Economic Growth and Job Creation in Sierra Leone
According to a new World Bank economic analysis for Sierra Leone, small and medium enterprises (SMEs) are critical to achieving goals of economic diversification.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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The Leapfrog Opportunity in ‘Know Your Customer’ Innovation: Why Africa Needs Local, Digitized KYC Solutions
Know Your Customer (KYC) is a critical process for banks, as it enables them to validate their customers’ identities to fulfill regulatory requirements and protect against fraud. But as Timbo Drayson at OkHi explains, KYC is a big and expensive problem in Africa: For instance, in Nigeria some banks are spending up to $1 million per year to manually verify identities, and 15-30% of customers never complete these processes. He explores three key challenges to KYC in Africa, and presents some tech-driven solutions that could allow the continent to leapfrog to a new global best practice for KYC.
- Categories
- Finance, Technology
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Africa-Focused Fintech Startup Fido Raises $30 Million
The funds will be used to launch new category-creating financial products in Ghana to grow the company’s customer base throughout Africa.
- Region
- Sub-Saharan Africa
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