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Here Are 4 Technology Trends From Emerging Economies
In emerging economies, the promise of these technologies shines particularly bright.
- Categories
- Coronavirus, Finance, Technology
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The Game-Changing Potential of a Regulatory Sandbox: Why Creating a Safe Space for Digital Innovation Is a Necessity for Financial Inclusion in Bangladesh
While Bangladesh has made notable progress in accelerating financial inclusion, around 50% of Bangladeshis still remain unbanked. As Jakirul Islam at Bank Asia points out, this highlights a need for more technological disruption – and more regulatory innovation. He explores the potential of a “regulatory sandbox” approach, in which the government provides a safe harbor for businesses to test inventive new products, services and business models.
- Categories
- Entrepreneurship, Finance, Technology
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Avoiding Another Crash: How Global Standards Set after the 2008 Crisis Prepared the Financial System to Weather COVID-19
International standard-setting bodies have been working to strengthen global financial stability ever since the 2008 crisis. And according to Robin Newnham at the Alliance for Financial Inclusion, they are now playing vitally important roles in the global response to COVID-19. He explores how the global financial system is seeing the benefits of the reforms of the past decade – and how these efforts can expand in the future.
- Categories
- Coronavirus, Finance
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Viewpoint: COVID-19 Is a Call to Action for Regulators to Boost Financial Inclusion
Mobile money transfer and global remittance firms such as Chipper Cash and WorldRemit are particularly vital for migrants who rely on these services to send money home for essentials such as school fees, medical costs or groceries. As the services are increasingly available through mobile devices, they are a particularly efficient instrument in the push toward financial inclusion and the achievement of several UN Sustainable Development Goals.
- Categories
- Coronavirus, Finance
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Nigeria Drops $2B MTN Tax Demand
The operator had vowed to fight the demand in court with the case due to begin on 30 January, having already been postponed a number of times. Legal action has now been called-off completely.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, mobile money, MTN, regulations, taxes
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Silicon Valley-Backed App Lenders Use Phone Data to Hassle Borrowers
Silicon Valley venture capital is funding a wave of fintech startups in India that use data from borrowers’ cellphones to collect on debts in ways that are illegal in both India and the U.S.
- Categories
- Finance, Technology
- Region
- South Asia
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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
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Debt Relief a Double-Edged Sword for South Africans Living on Loans
The situation of people like Rivele shows both the potential benefits - and unintended consequences - of a new law signed by President Cyril Ramaphosa in August, aimed at protecting vulnerable borrowers.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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