January 2021

11Jan

Australia. Digital identity the next frontier for FinTech innovation

Special Report: The growing prevalence of digital identities will have far-reaching consequences for the way we interact with our traditional banking and financial services institutions in shaping the contours of customer engagement. Read also New Zealand. Private superannuation savings schemes ‘underperforming’ The renewed investment by the federal government in digital identification presents a telling blueprint for the future of public-facing interactions – one which could completely transform legacy systems and infrastructure, particularly when applied to Australia’s financial services sector. Read...

January 11, 2021
News, OP Ed, Slider,
Read more...

December 2020

31Dec

China orders Alibaba founder Jack Ma to pare down fintech empire

By Rupert Neate China has escalated its campaign to rein in the vast tech empire controlled by Jack Ma, the co-founder of Alibaba and one of the country’s richest people. Authorities in Beijing, who had on Christmas Eve ordered an investigation into allegations of “monopolistic practices” by Ma’s online retail giant, have now ordered his financial technology company Ant Group to scale back its operations. Pan Gongsheng, a deputy governor of China’s central bank, said Ant’s corporate governance was “not...

December 31, 2020
News, OP Ed, Slider, ,
Read more...
11Dec

FinTech In The Time Of COVID: What Financial Services Companies Need To Know

Since the beginning of the COVID pandemic in early 2020, consumers and the business community have had to navigate new realities. The pandemic has dramatically changed the ways in which we interact, presenting challenges that were rarely, if ever, previously contemplated. Some industries have been affected profoundly, while others are naturally better suited to withstand the evolving pandemic landscape. Financial technology (FinTech) companies are a good example of an industry well positioned to thrive in this environment. Given the...

December 11, 2020
News, Slider, ,
Read more...
07Dec

Top 5 Banking And Fintech Trends For 2021

Observations from the fintech snark bank tank 2021: The Year of Value Chain Disruption I’ve never been a big fan of “Year of the [fill-in-the-blank]” proclamations. Google the term “year of the customer” and you’ll find that every year for the past 15 years has been heralded as the year of the customer. Hey, one year it might just really happen. And past claims of “disruption” in financial services have centered on changes at the customer interaction level—i.e., digital...

December 7, 2020
News, Slider, , ,
Read more...
03Dec

Financial Circuit

By Dr. Anurag Kumar Jha This book is a kind of roadmap which shows the path of financial inclusion. Although several works have been done on the present topic but its uniqueness lies on the fact that it connects digital India to become Atma Nirbhar Bharat. It is a kind of journey where every kind of people either rich or poor can be located digitally and financially. How individual and businesses have access to useful and affordable financial product...

December 3, 2020
Books, Informal Sector, , , ,
Read more...
01Dec

China’s Regulators Vow ‘Special’ Oversight of Fintech Giants

China plans to impose “special and innovative regulatory measures” on financial technology behemoths such as Jack Ma’s Ant Group Co. to eliminate monopolistic practices and strengthen risk controls. Advances in technology have brought tremendous change to the financial sector, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission and Party Secretary of the central bank, wrote in an article outlining regulations over the next five years. It was cited in the official Shanghai Securities News. Financial innovations...

December 1, 2020
News, Slider, , , ,
Read more...

November 2020

27Nov

Fintechs and Financial Inclusion. Looking past the hype and exploring their potential

By Gayatri Murthy, Maria Fernandez-Vidal, Xavier Faz, and Ruben Barreto (CGAP) Fintech companies combine technology with access to data to deliver new financial services and experiences to customers. They have been proliferating in emerging markets and developing economies (EMDEs), and some are creating solutions specifically for underserved, low-income, or remote customers. Yet for all the general excitement that fintechs have generated in the global development community, there is little information available about how specific fintech innovations solve pain points in...

November 27, 2020
Books, Innovation, , ,
Read more...
25Nov

UK Fintech launches a self managed pension product

The UK-based commission-free trading app has launched a waitlist for its Self Invested Personal Pension (SIPP) product, which will cost £9.99 ($12.75) a month for basic users, or £7 ($8.93) a month for Plus members, per AltFi. Users can start investing with £2 ($2.55) and will also get a free company share ranging from £40 ($51) to over £2,000 ($2,553) in value depending on the size of their portfolio. Unlike standard personal pension schemes, where funds are managed on...

November 25, 2020
News, Slider,
Read more...
19Nov

UK. More Consumers Than Ever Are Managing Their Pensions Online

New figures from the UK’s leading online pension provider, PensionBee, show that consumers are increasingly managing their pensions online, following a 96% increase in PensionBee app users, as well as an 85% growth in the number of invested customers year on year. PensionBee, the UK’s leading online pension provider, has experienced an 85% increase in the number of invested customers over the past year. Invested customers, defined as having pension assets in a PensionBee plan, currently number around 60,000....

November 19, 2020
News, Slider, , ,
Read more...
18Nov

UK. PensionBee mulls float on stock exchange

Pension consolidator PensionBee is seeking to float on the London Stock Trade in a transfer which can see it valued at £300m or extra, based on experiences. In keeping with The Occasions, the digital consolidator is looking for bank advisers for the float and plans to make an appointment earlier than Christmas. Romi Savova, founder and chief govt of PensionBee, advised the paper that robust efficiency in current months had accelerated plans to show PensionBee right into a public...

November 18, 2020
News, Slider,
Read more...