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Press Release: Developed Countries Struggle to Convert Economic Growth Into Well-Being
A new report by The Boston Consulting Group finds that many leading developed countries are not effectively converting their economic growth into well-being improvements for their citizens. Using BCG's measure of well-being, the research also finds a clear and measurable link between financial inclusion -- access to basic financial services such as a bank account -- and national well-being.
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- Uncategorized
- Region
- Europe & Eurasia
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Meet The Man Championing FinTech In Africa
South African-born Dave van Niekerk is the founder and CEO of MyBucks, a fast-growing African Fintech company that successfully delivers seamless financial services to banked and ‘unbanked’ consumers alike using next-generation technological platforms.
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- Uncategorized
- Region
- Sub-Saharan Africa
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U.S. House of Representatives Passes Fixes To Equity Crowdfunding Laws
In the more than two years since the passage of Title II of the JOBS Act, equity crowdfunding with accredited investors has rapidly grown, allowing startups to easily seek funding online with little added costs or hassles.
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- Uncategorized
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Three Growth Strategies to Boost Sri Lanka’s Microfinance Sector
Sri Lanka's microfinance industry is expected to reach maturity in the next few years, so market penetration growth strategies will shape the growth of successful players. But there is limited industry research on the country’s microfinance sector. Intellecap has attempted to bridge this gap by presenting the following market opportunities and growth strategies, based on conversations with leading practitioners, policy makers and capital providers.
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- Uncategorized
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Accion Names Tahira Dosani and Vikas Raj Managing Directors of Accion Venture Lab
Accion announced today that Tahira Dosani and Vikas Raj have been named the new Managing Directors of Accion Venture Lab, Accion's impact investment initiative. Accion Venture Lab provides patient seed capital and support to innovative financial inclusion start-ups, fostering experimentation and promoting business models that improve the efficiency, reach, and scope of financial services for people living in poverty worldwide.
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- Uncategorized
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Privacy of mobile money users threatened as Kenyan taxman chases revenue
Kenya has led the world in enabling the No.1 major mobile money ecosystem with over 90% of adults in East Africa’s largest economy transacting money through platform. While many other phone operators and governments around the world have looked on with envy as it has grown to nearly $30 billion a year in transactions, M-Pesa’s lobbyists have been fending off a more difficult adversary.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Singapore Government Joins IBM to Create Blockchain Innovation Center
Computing giant IBM has revealed that the Singapore Economic Development Board (EDB) and the Monetary Authority of Singapore (MAS) are collaborating with it to establish its first Center for Blockchain Innovation in the country. The Innovation Center is expected to involve both global banks and fintech startups and to develop a number of technology pilots for the finance and trade industries, built on the Linux Foundation Hyperledger platform.
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- Uncategorized
- Region
- South Asia
- Tags
- blockchain, fintech
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Americans’ Financial Capability Growing Stronger, but Not for All Groups: FINRA Foundation Study
While Americans as a whole are feeling less financial stress, making ends meet remains a daily struggle for millions — particularly women, millennials, African-Americans, Hispanics, and those lacking a high school education. These findings come from the National Financial Capability Study (NFCS), released today by the FINRA Investor Education Foundation (FINRA Foundation).
- Categories
- Uncategorized
- Region
- North America
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