September 2020

The use of technology and innovative approaches in disaster and risk management: a characterization of Caribbean countries’ experiences

The application of technologies, research, development, promotion of innovative approaches and local knowledge to confront complex issues posed by hazards are important components of managing disaster risks and guiding informed decision-making. Hence commitments to support and enhance access to technologies and to foster innovative approaches to risk reduction, preparedness and resilient recovery are essential requirements for the management of current and future disasters in the Caribbean subregion. Considering the importance of Disaster and Risk Management (DRM), the aim...

How to Improve Mobile Money Service Usage and Adoption by Nigerians in the Era of COVID-19

By Joseph E Tonuchi The paper aims to investigate how to improve mobile money service adoption and usage by Nigerians during the era of COVID-19 by examining the challenges faced by mobile money users in Nigeria. The study used a mixed method to sample 300 targeted informal sector operators offline using questionnaires and 200 respondents online (ardent digital products users) using Google form. In reaching the targeted online sample, the study distributed the google form through social media while...

August 2020

Financial services technology 2020 and beyond: Embracing disruption

By Julien Courbe, John Garvey, Marcus Von Engel, John Lyons Our global report Financial services technology 2020 and beyond: Embracing disruption examines the forces that are disrupting the role, structure, and competitive environment for financial institutions and the markets and societies in which they operate. The post-crisis regulatory frameworks have been gradually settling into place, and financial institutions have been adjusting their business models accordingly. It is now becoming obvious that the accelerating pace of technological change is the...

Digital Finance New Times, New Challenges, New Opportunities

By Juan Antonio Ketterer Since the end of the great crisis of 2007 – 10 , the financial services industry began a process of accelerating change. New business models based on convergent technological developments are challenging the status quo of a long - established a nd traditional industry. The purpose of this document is to consider the...

Insights on Financial Services Regulation

By John A Consiglio The debates around financial services regulation are fierce and unending, and with every new development or law, rigid positions seem to grow. In this insightful new book, expert author John A. Consiglio discusses developments in this vital part of the wide world of finance. Including discussions on the public interest elements of regulation, on informational asymmetry, and on the economist/regulator duopoly, Consiglio analyses various key contentious element of regulatory practices from both the regulators' and...

Pension tech for dummies

By Carlo Svaluto Moreolo When it comes to technological innovation in pensions the two buzzwords are blockchain and artificial intelligence. Blockchain is potentially a revolutionary technology that could significantly reduce the costs associated with pension administration and custody. Artificial intelligence – or more specifically machine learning tools – also promises to optimise many areas of the industry. They could be used to improve communications with pension fund members or to deliver better investment returns. Considerable investment is required to develop...

July 2020

WhatsApp to pilot projects to deliver credit, insurance and pension to users in India

WhatsApp plans to offer credit, insurance and pension products to lower-income individuals and those in rural areas in India and help digitize local small and medium-sized businesses as the Facebook service looks to make a digital payments push in its biggest market by users. The instant messaging app maker has been working with banks -- including ICICI, Kotak Mahindra and HDFC -- in India for the past year to explore ways to bring financial services to individuals who have...

UK. Cybercrime and Pensions Administration

In 2019, cybercrime and fraud constituted 42% of all criminal activity. With the advances in technology the whole of society is experiencing, its no surprise that crime is evolving too.. We need to be alive to the fact pension schemes and administration providers are attractive to cybercriminals. Partly because of all the personal data processed but also because of the importance of ensuring pension payments continue uninterrupted, as well as the potential of ransomware attacks. Information released by the...

June 2020

IBM Trials Blockchain Platform For Primary Teachers ’ Pensions in Bangladesh

IBM has started an initiative to create a distributed ledger technology (DLT) based framework that will form the back bone of digital pension program for Bangladeshi primary school teachers. The PoC (Proof-of-Concept) consists of a permissioned network of teachers and other partakers backed by the IBM Blockchain Platform, with pension data loaded on the blockchain to guarantee unalterable data keeping and offer safety guarantees to teachers partaking in GBB (Grameen Bank of Bangladesh) government supervising IT policy in the...

May 2020

How the UK pensions industry is paving the way for open data sharing ecosystems

As consumer expectations around digital services increase, businesses across every sector are looking to meet a growing demand for better, and more user-friendly, applications of data. The Covid-19 pandemic has only accelerated this shift to digital as traditionally offline activities move online, and businesses are racing to stay ahead of both their customers and their competitors. The UK pensions industry might not seem an obvious place to look for inspiration about how to adapt to digital transformation, but that...