-
The Emergence of ‘SupTech’ – And How it Can Move Past the Experimentation Stage
“Suptech” describes tech innovation that enhances regulators' supervision of financial service providers. According to Arend Kulenkampff at BFA, it is leveraging Big Data and Artificial Intelligence to radically improve the oversight capacity of financial authorities and lessen the regulatory burden for providers, boosting financial innovation and inclusion. But as the suptech field develops, questions are emerging about exactly what it includes – and whether it's stuck in experimentation mode.
- Categories
- Finance
-
As remittance market reaches saturation in Myanmar, mobile money keeps growing
If the mobile money market were a football match, then the second half has just begun. As the undisputed market leader, Wave Money is already a few goals ahead. It reports having almost 50,000 agents and more than 11 million customers, who remitted US$2.8 billion between January and September of this year.
- Categories
- Finance
- Region
- South Asia
-
Perspective: There’s a Lot We Still Don’t Know About Libra
Last month, Facebook chief executive Mark Zuckerberg spent over five grueling hours answering myriad questions from the members of the House Financial Services Committee on issues like election interference, hate speech, censorship and discriminatory advertising. While it was an important reminder of the many dangers that Facebook already presents to our society, we didn’t actually learn much about the hearing’s ostensible topic: Facebook’s audacious plan to create an association of big businesses to issue a new digital currency called Libra.
- Categories
- Finance, Technology
- Region
- South Asia
- Tags
- cryptocurrency, fintech
-
A Look Into India’s First Digital Village
“We saw the situation in the rest of India, long lines, fights—everyone’s life had come to a stand still. We were amazed,” says Urmila Ben, a resident of Akodara. “People had made such a big deal out of this whole demonetization, but we could not be bothered any less,” says Chintan Patel, the sarpanch, or head of the village. “For us, life went on as usual.”
- Categories
- Finance
- Region
- South Asia
-
Is Mobile Money Too Expensive in Rwanda?
Despite the growth of mobile money penetration and transactions over the years, much of the money is cashed out or used for airtime purchases.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
MIT: 20 startups using tech to build a more inclusive economy
A “social reputation” algorithm, a crowdsourcing platform for homeless job seekers, a digital credit line for bodega owners, an identity-blind hiring platform. The ideas and inventions of the 2019 MIT Inclusive Innovation Challenge finalists are as wide-ranging as the international competition’s boundaries.
- Categories
- Technology
- Region
- Latin America
- Tags
- agtech, cybersecurity, edtech, fintech
-
Uber Announces Deeper Push Into Financial Services With Uber Money
The emphasis, at first, will be expanding Uber’s efforts to give its 4 million-plus drivers and couriers around the world access to a mobile bank account so they can get paid after each ride. Under pressure to turn a profit amid competition from new ride-sharing entrants around the world, Uber is betting that by building out its financial ecosystem, it can keep drivers and riders loyal to its platform.
- Categories
- Finance
- Tags
- digital payments, fintech
-
MTN Launches Mobile Money API Hackathon
The Hackathon, run in partnership with Ericsson (MTN’s MoMo technology partner), will give app developers based in Ghana, Uganda, Cote d’Ivoire, Cameroon and Zambia the opportunity to create innovative financial and transactional applications using the MTN MoMo API platform.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.