Cheap And Functional Mobile Phones, Affordable Internet Access, Necessary For Digital Finance In Developing Economies – World Bank

Cheap And Functional Mobile Phones, Affordable Internet Access, Necessary For Digital Finance In Developing Economies – World Bank

The president of the World Bank, David Malpass, has disclosed that cheap and functional mobile phones as well as affordable internet access are necessary for the expansion of digital finance in developing economies. He disclosed that the covid-19 pandemic influenced a digital revolution that has catalyzed the increase in access to and use of financial

These nonprofits are working to increase diversity throughout the finance industry

These nonprofits are working to increase diversity throughout the finance industry

The financial services industry in the US has traditionally been a sector overwhelmingly dominated by white men (picture the trading scenes in such movies as “The Wolf of Wall Street” and “Boiler Room”). But a growing number of organizations are forming across the US to encourage women and people of color to consider a career

GOP draft bill would tighten rules for finance firms using customer information

GOP draft bill would tighten rules for finance firms using customer information

Rep. Patrick McHenry, a Republican of North Carolina and ranking member of the House Financial Services Committee, speaks during a hearing in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images A new draft bill from House Financial Services Ranking Member Patrick McHenry, R-N.C., lays the groundwork for how the GOP will tackle financial data

AFRICA’S FINANCIAL SERVICES INDUSTRY GEARS UP FOR DIGITAL FINANCE AFRICA 2021

AFRICA’S FINANCIAL SERVICES INDUSTRY GEARS UP FOR DIGITAL FINANCE AFRICA 2021

Digital Finance Africa 2021 will be held online on the 31st of August. Digital Finance Africa will focus on how financial institutions can harness technology to stay competitive– in spite of the current crisis. Digital Finance Africa 2021 will focus on how financial institutions can harness technology to stay competitive– in spite of the pandemic.”

The India Stack is Revolutionizing Access to Finance

The India Stack is Revolutionizing Access to Finance

A digital infrastructure known as the India Stack is revolutionizing access to finance A decade ago, India’s vibrant local markets were filled with people buying and selling goods with we­ll-worn banknotes. Today, they are just as likely to use smartphones. Advances in digital finance mean that millions of people in the formal and vast

How decentralized finance will transform business financial services

How decentralized finance will transform business financial services

Decentralized finance (DeFi) is emerging as a tool for smaller businesses in developing markets, particularly for remittances and small loans; The transaction banking industry is beginning to see DeFi’s potential to overhaul the inflexibility of present processes; Uptake of DeFi in transaction banking could open up new capital opportunities for larger companies and increase liquidity

National Bank of Ukraine prioritizes green finance

National Bank of Ukraine prioritizes green finance

The National Bank of Ukraine in central Kyiv. (REUTERS/Valentyn Ogirenko) The past eighteen months of pandemic disruption have been a transitional period for the entire world that has also brought rapid change to financial ecosystems. The Ukrainian banking sector is now adapting to this new reality, along with the entire Ukrainian business community. Without any

MICROCAPITAL BRIEF: Malawi Among Hosts of European Commission, OACPS, UNCDF Digital Finance Program for Women, Youth

MICROCAPITAL BRIEF: Malawi Among Hosts of European Commission, OACPS, UNCDF Digital Finance Program for Women, Youth

In early 2021, the EU’s European Commision (EC), the Organization of African, Caribbean and Pacific States (OACPS) and the UN Capital Development Fund (UNCDF) announced a program with a budget of EUR 15 million (USD 17.7 million) intended to utilize digital finance to improve financial inclusion and access to e-commerce for 600,000 women and youth

Rethinking climate finance to improve infrastructure resilience

Rethinking climate finance to improve infrastructure resilience

Contents The impacts of a changing climate are no longer a hypothetical. Each year, extreme events such as hurricanes, droughts, fires, and freezes grow more frequent and more intense—destroying homes, disrupting businesses, and damaging the natural world along the way. Chronic challenges—including gradually rising temperatures, precipitation, and flooding—are adding even more stress. Minimizing and adapting