Tagged: world bank

January 18, 2021 @ 9:35 pm By Omar Faridi  |  

Pakistan has introduced a state-managed instant digital payments platform in order to promote greater financial inclusion. The new online payments system, Raast, has been launched to support women who might have been financially marginalized or unable to access modern financial services for a long time…. Read More

December 11, 2020 @ 7:19 pm By Omar Faridi  |  

Global money transfer service Azimo has teamed up with payments focused Fintech firm dLocal in order to allow migrant workers based in Europe and Australia to send funds to almost any bank in Colombia, which reportedly includes Banco de Bogota, Banco de Occidente, and Davivienda…. Read More

December 5, 2020 @ 10:00 am By JD Alois  |  

  The Cambridge Centre for Alternative Finance (CCAF) released a report this week entitled The Global Covid-19 Fintech Market Rapid Assessment Study. The report seeks to better understand the development of Fintech during a time of a global pandemic. The research was supported by the… Read More

December 1, 2020 @ 8:59 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), along with its partners the World Bank and the World Economic Forum, hosted a presentation this week outlining its findings in a study reviewing the COVID-19 pandemic and its impact on the Fintech industry. The survey was launched… Read More

October 28, 2020 @ 9:27 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), the leading research institute covering the global Fintech sector, has partnered with the World Bank on a study reviewing the impact of COVID-19 on Fintech and regulation. As finance is one of the most regulated sectors of industry… Read More

September 7, 2020 @ 11:24 am By Omar Faridi  |  

The Fintech industry in the Middle East and wider MENA region has experienced significant growth during the past several years. The State of Fintech report reveals that the number of financial technology companies in the Middle East was expected to increase from around 105 in… Read More

June 15, 2020 @ 8:00 am By JD Alois  |  

Joint study to provide timely data and actionable insights on how the pandemic has affected the Fintech industry globally The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School is partnering with the World Bank Group and the World Economic… Read More

June 8, 2020 @ 11:00 am By JD Alois  |  

Per Capita Incomes to Shrink in All Regions as COVID-19 Health Crisis Crushes Economic Output The World Bank has issued a statement that the massive shock of the COVID-19 crisis and affiliated lockdown have plunged the global economy into a severe contraction. The World Bank… Read More

April 22, 2020 @ 9:00 am By JD Alois  |  

The World Bank says that global remittances have sunk a whopping 20% in 2020 due to the COVID-19 crisis. The projected fall is the sharpest decline in recent history. The cause is due to the rapid decline in wages and employment of migrant works that… Read More

April 15, 2020 @ 7:20 am By Omar Faridi  |  

Financial technology (Fintech) can promote greater financial inclusion by facilitating faster and cheaper digital payments. However, these opportunities come with their certain challenges, according to a report published by the World Bank and the Committee on Payments and Market Infrastructures (CPMI). The report covers the… Read More

April 14, 2020 @ 8:00 pm By JD Alois  |  

Zhejiang University International Business School (ZIBS) has announced a new English taught Masters program. The Masters of Fintech will be taught in the Zhejiang Province – a leading center of Fintech innovation and home to Ant Financial (part of Alibaba) one of the largest Fintech companies… Read More

February 21, 2020 @ 4:34 pm By Omar Faridi  |  

JPMorgan, the largest bank in the US, and UK Aid confirmed last month that they would invest $15 million into the business operations of Catalyst Fund, a Boston-headquartered project accelerator which funds Fintech firms in order to support financial inclusion efforts in India,  Mexico, and… Read More

November 15, 2019 @ 10:59 am By Omar Faridi  |  

A recent analysis performed by Paysend, a company that allows money transfers to any Visa, Mastercard, UnionPay cards and to regular bank accounts, has revealed the world’s top ten nations with the greatest gender divide for accessing modern financial services such as banking accounts and… Read More

November 14, 2019 @ 11:43 pm By Omar Faridi  |  

The State Bank of Pakistan, the nation’s central bank, has announced the development of a new national digital payment systems strategy that is aimed at promoting financial inclusion, especially for women. Cash transactions dominate Pakistan’s $300+ billion economy, with most people receiving their salaries in… Read More

October 21, 2019 @ 1:35 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), part of the Judge School of Business at Cambridge University, has partnered with the World Bank to publish a report on the global regulation of alternative finance and innovative Fintech firms. According to the new report, the regulation… Read More

July 8, 2019 @ 11:39 am By JD Alois  |  

In a paper entitled “Fintech: the Experience So Far,” the International Monetary Fund (IMF) stated that, while there are regional differences, “countries were broadly embracing the opportunities of Fintech to boost economic growth and inclusion.” The pursuit of Fintech innovation is being balanced with the… Read More

March 28, 2019 @ 2:56 am By Cali Haan  |  

Two speakers at this year’s World Bank Land and Poverty Conference in Washington DC have cautioned that blockchain technology’s true potential for land registry should not be overstated, Reuters reports. Tim Robustelli of New America, a “think and action tank” consisting of a “research institute,… Read More

February 11, 2019 @ 7:30 pm By JD Alois  |  

The Marketplace Lending Association (MLA) has announced that it is backing the “Guidelines for Investing in Responsible Digital Financial Services.” These guidelines are the creation of the International Finance Corporation (IFC) which is part of the World Bank Group. The MLA represents some of the… Read More

September 25, 2018 @ 11:51 am By JD Alois  |  

Overstock (NASDAQ:OSTK) founder and CEO Patrick Byrne has purchased 43% of Medici Land Governance – an existing blockchain portfolio company of Overstock.  Details on the transaction were not provided. Medici Land Governance was founded in 2018 to help individuals around the world connect by using blockchain and… Read More

August 26, 2018 @ 7:57 pm By JD Alois  |  

First announced earlier this month, the World Bank has revealed their first “blockchain bond” or bond-i easily raised A$110 million. Arunma Oteh, World Bank Treasurer, said he was delighted that the “pioneer bond transaction” was well received by investors. The bone was issued using a… Read More