May 2021
17May

The transition of financial services to ESG and green finance

As we tackle one of the biggest global crises of our time, green and sustainable issues are becoming more critical than ever for business leaders in the financial services sector. Julian Wells, director and financial services & FinTech lead at Whitecap Consulting, shares some perspectives. Sustainability in business has tended to be primarily associated with long-term commercial performance issues such as with balance sheet strength, brand reputation, and enterprise value. Now, there is an additional movement gaining significant momentum and...

May 17, 2021
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14May

UK. Pensions Dashboard Programme publishes updated timeline with breakdown of next six months

The Pensions Dashboard Programme (PDP) has published an updated timeline outlining steps and timings for data providers to enable the industry to prepare for connecting with the dashboard ecosystem. The PDP - set up by the Money and Pensions Service (Maps) - has outlined further timings for the industry to connect with the programme as part of its third progress update report including a breakdown... Read also UK. DB transfer victims lose up to 40% of compensation The PDP - set up...

May 14, 2021
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April 2021
15Apr

Financial Inclusion Through Fintech in the Digital Economy

By Eunsook Seo, Kyeong-Won Yoo Since the 2008 global financial crisis, including the recent COVID 19 pandemic, low interest rates and low economic growth have continued around the world. In spite of this low interest rate trend, as the economic downturn prolongs, there is a situation of concern called the “new normal” of low interest rates and low economic growth, and low prices. In this new normal economic structure, the rapid progress of aging is increasing the necessity and desire...

April 15, 2021
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08Apr

Engaging young people to tackle the pensions and climate crises

They may well have checked their bank accounts on their phone in the last 24 hours, but I bet they haven’t checked their pension online. Perhaps they can’t do that, even if they wanted to. The fact is that for the majority of people pensions just don’t feature in their everyday thinking and they’re certainly not viewed as an issue to worry about – especially if you’re young. The economy (52%), health (46%) and the environment (40%) are the three...

April 8, 2021
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March 2021
11Mar

India. NPS Scheme: PFRDA empowers National Pension System subscribers by offering this facility – Check benefits

NPS Scheme: The National Pension System (NPS) subscribers have been given Immediate Payment System (IMPS) facility enabling them with an instant money transfer from their bank account to their NPS account. This will help them avail of the benefit of the same day investment provided by the NPS contributions. The functionality of accepting IMPS has been released with effect from 1st March 2021. However, unlike the contributions received through NEFT/RTGS which are returned on the same day in case of...

March 11, 2021
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03Mar

US. Pandemic Prompts Many to Take More Notice of Retirement Plan

Major retirement plan recordkeepers have found that the COVID-19 pandemic prompted many Americans to take better stock of their retirement and emergency savings. Many even increased their 401(k) contributions, and only a small percentage took out a coronavirus-related distribution (CRD). TIAA found that more than three-quarters of participants in the plans it recordkeeps checked their account balance last year and 61% visited a provider website. This engagement, TIAA says, was likely driven by the dramatic volatility of the year. TIAA...

March 3, 2021
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February 2021
23Feb

Forget bitcoin — fintech is the ‘real Covid-19 story,’ JPMorgan says

Bitcoin is an “economic side show” and fintech innovation is the story that will dominate financial services, according to JPMorgan. Analysts at the bank said that despite bitcoin’s monster rally, the cryptocurrency is still beset by a number of issues that may prevent it from becoming a mainstream asset. “Bitcoin prices have continued their meteoric rise with Tesla, BNY Mellon and Mastercard’s announcements of greater acceptance of cryptocurrencies,” JPMorgan said in a research note last week. “But fintech innovation and increased demand...

February 23, 2021
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12Feb

Millennials’ Adoption of Personal Financial Management (PFM) Technology and Financial Behavior

By Brian Walsh, HanNa Lim This paper uses the Technology Acceptance Model to analyze the factors associated with personal financial management technology (PFM) adoption among millennials and extends the analysis to understand how PFM adoption is associated with financial behavior. Data from the 2018 National Financial Capability Study was used for this analysis. Evidence suggests that millennials engaging in digital side hustles, such as Uber or Lyft, are significantly more likely to adopt PFM technology. Individuals experiencing higher financial pressure...

February 12, 2021
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January 2021

21Jan

Digital finance and inclusion in the time of COVID-19

By Niclas Benni The COVID-19 pandemic has resulted in severe and protracted disruptions to the livelihoods of people all around the world, both in developing and developed countries. The pervasive effects of this pandemic, which have ended up affecting every aspect of our societies, keep unfolding as the crisis progresses, leaving profound marks on people’s livelihoods and countries’ economies that are expected to last for many years after the pandemic has ended. As part of the global response to...

January 21, 2021
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21Jan

Global Payments: And the Fintech Innovations Changing the Industry

By Carol Coye Benson Glenbrook’s “Global Payments” provides the go-to-answers to the big questions about global payments. In clear and lively writing, the author explains the common model behind national payments systems all over the world, what actually happens in a cross-border payment, and how fintech innovators are changing the industry. The book describes payments innovations in the rails, in the products and services, and new out-of-the-box alternatives. It explores real-time retail payments (aka Faster Payments) and how these...

January 21, 2021
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