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Online Lenders Already in Turmoil Facing U.S. Call for Rules
Marketplace lenders need to be more transparent about their business practices and some should be subject to additional oversight from U.S. regulators, according to a Treasury Department study released as the industry grapples with market turmoil and a scandal involving one of its leading firms.
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- Uncategorized
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- lending, regulations
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Equity Crowdfunding for Non-Rich People Is Coming
Today—unless you have a net worth of at least one million dollars, or an income of at least $200,000 per year—it is not legal for you to receive equity in exchange for backing a company on a crowdfunding site. But as of next May 16, Title III of the JOBS Act goes into effect, bringing equity crowdfunding to the 99%.
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- Uncategorized
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- crowdfunding, regulations
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Tight Government Regulation, Paucity of Innovation Limiting Crowdfunding Startups in India
Crowdfunding is globally a $16-billion industry and as per estimates, in 2016 with a total investment volume of $34 billion, it is likely to overtake the amount of equity funding from venture capitalists to startups which is $30 billion.
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- Uncategorized
- Region
- South Asia
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- crowdfunding, regulations
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Report: Internet Investors Worried About South African Regulation
South African investors believe regulatory policy is inhibiting investment in Internet companies.
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- Investing, Technology
- Region
- Sub-Saharan Africa
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- regulations
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Digital Government: 4 Keys to Kenya’s Success with Electronic Government Payments
Kenya has long been grappling with inefficiencies in government service delivery, characterized by resource constraints, bureaucratic processes and lack of accountability. In response, the government launched an integrated service model for person-to-government and business-to-government payments, allowing digital payments via online and mobile tools. Here are four reasons Kenya is ideally suited to digitize its government functions.
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- Uncategorized
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Tanzania Deploys the First Mobile Money Monitoring Solution for Regulatory Authorities in the World
As Mobile Money services continue to grow in popularity in the United Republic of Tanzania, the Tanzania Communications Regulatory Authority (TCRA) has had the foresight to implement a technological platform to enable the monitoring of mobile money services in the country. The Mobile Money Monitoring (M3) platform provided through the joint efforts of SGS-Société Générale de Surveillance (SGS) and Global Voice Group (GVG) and inaugurated in 2015 by the Hon Prof Makame M. Mbarawa, Minister of Communications, Science and Technology, is making this possible. Tanzania is now the first country—in the East African region, and also in the entire world—to implement a Mobile Money monitoring solution.
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- Technology
- Region
- Sub-Saharan Africa
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- fintech, regulations
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Analysis: Financial Inclusion Implications of India’s new National ID Law
On Friday, the Lok Sabha stamped its overwhelming approval on the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill. Since it is a money bill, the Rajya Sabha cannot exercise a veto. It is for all practical purposes just short of becoming law.
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- Uncategorized
- Region
- South Asia
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Future Looks Gloomy for Ghana’s Microfinance Institutions
THE future looks gloomy for Ghana’s microfinance institutions as the country’s central bank cracks the whip on fly-night lenders that have mushroomed across the country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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