-
Managing Money in Retirement is Hard – Fintech May Make it Easier
As many as 42 million Americans aged 50 or older struggle with some aspect of their financial lives, according to new research by the Center for Financial Services Innovation. The new report shows how the work-to-retire model of building savings and paying off debt has been replaced with far more complex scenarios and, for many, delayed retirement. Karen Andres, Vice President at CFSI, sees a solution in fintech – she highlights several apps that leverage tools like prize-linked savings, automated transaction monitoring, and innovative ways to create steady income streams.
- Categories
- Finance, Technology
-
Inclusive Innovation: How Two Mobile Technology Startups are Changing the Game in Microfinance
Securing a bank loan is an onerous task for anyone. But for the 2.5 billion unbanked people worldwide, the obstacles can seem insurmountable. And microfinance and village savings groups both have significant limitations, particularly for people without a credit history. June Sugiyama of Vodafone Americas Foundation explains how two winners of the foundation's annual Wireless Innovation Project competition are overcoming these limitations through mobile technology.
- Categories
- Entrepreneurship, Finance, Technology
-
Inexpensive Impact: The Case for Frugal Innovations
Over 4 billion people around the world lack necessities like food, water, energy, health care and housing. This represents not only a major social challenge but a major market, as low-income consumers have an annual purchasing capacity of US $5 trillion. Rajat Chabba and Sheena Raikundalia at Intellecap explore how entrepreneurs are developing innovative, frugal products to meet these customers’ needs – and why an ecosystem approach is needed to help them scale their solutions.
- Categories
- Entrepreneurship, Technology
-
Virtusa launches API Exchange for financial inclusion
The platform will include an online global FinTech marketplace and sandbox platform. APIX will accelerate financial services innovation and inclusion by enabling collaboration between financial institutions and FinTech innovators.
- Categories
- Finance, Technology
-
Press release: Fintech activity in Latin America spreads to 18 countries
The report provides data which, while illustrating the challenges that the industry faces, also reflects an inevitable transformation of the financial sector and the role that entrepreneurs play in accelerating innovation and changing the way in which people have interacted until now with financial services.
- Categories
- Finance
- Region
- Latin America
-
Closing the Cash Gap With Cryptocurrency
In emerging markets, the shallow reach of traditional money systems means there’s less resistance to new financial technology.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Banker proposes new blockchain technology for African market
A new mobile phone blockchain network is under development and is projected to acquire large-scale consumer adoption in Sub-Saharan Africa by 2021.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
-
Warren Buffett’s Holding Invests $600M in Fintech Firms Focused on Emerging Markets
Multinational holding conglomerate Berkshire Hathaway – which counts outspoken crypto critic Warren Buffett as its CEO and chairman – has invested around $600 million in two fintech payment firms focused on emerging markets, the Wall Street Journal (WSJ) reported Oct. 29.
Parent Organization
