The Fintech Times

NOVEMBER 16, 2024

The non-banking financial sector, particularly the microfinance sector, remains underdeveloped, having been significantly impacted by the currency devaluations of 2015. Financial inclusion in Azerbaijan faces several key challenges, including low levels of financial literacy and the high cost of traditional financial products and services.

FinTech 67

FinTech Central Bank Financial Literacy Online and Mobile Banking 67

The Fintech Times

OCTOBER 2, 2024

Recent times have been challenging for many, including the ultra-wealthy, who collectively saw a decline of $10trillion, or 10 per cent, in their net worth in 2022 due to global economic uncertainties such as the energy crisis and the Ukraine War. See the chart below for the top ten richest individuals for reference.

Financial Literacy 62

Financial Literacy FinTech Financial Inclusion Underserved 62

Fintech Finance

APRIL 25, 2024

EF Explore America , a leading student tour operator within the United States, and Till Financial , a leading family banking platform for kids and teens, have expanded their partnership to now service international trips with EF Educational Tours , providing the same cashless solution leveraged domestically for international student tour offerings.

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Debit Card Financial Literacy Transactions Finance 52

The Fintech Times

OCTOBER 25, 2024

Digital payment transactions have also surged, growing by 76 per cent in volume and 91 per cent in value by 2022. For instance, the RBI has set up the National Centre for Financial Education and is expanding Centres for Financial Literacy (CFLs) nationwide to promote financial awareness across demographics.

Digital Payments 57

Digital Payments FinTech Online and Mobile Banking Financial Inclusion 57

The Fintech Times

JUNE 24, 2024

The FCA warned stock trading apps to review game-like design features in 2022 ahead of the Consumer Duty’s implementation. The post FCA: Trading Apps Must Rethink Engagement Features to Protect Users appeared first on The Fintech Times. ” In the first four months of 2021 alone, 1.15

Financial Literacy 57

Financial Literacy Risk Consumer Participant 57

Fintech News

DECEMBER 17, 2023

The startup’s last round was a US$200 million investment from Japanese megabank Mitsubishi UFJ Financial Group announced in December 2022. Dana raised US$250 million in VC funding in August 2022 from local conglomerates Sinar Has and Alibaba Group’s Lazada Group to expand in its home country. billion to US$15 billion.

FinTech 52

FinTech Financial Literacy Financial Inclusion Online and Mobile Banking 52

The Fintech Times

OCTOBER 23, 2024

In addition, only 48 per cent of Timorese adults have a bank account or use a digital financial service. While some cultural trends do influence the persistent dominance of cash-based payments, greater levels of financial education and financial literacy could help close this gap. appeared first on The Fintech Times.

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Financial Inclusion FinTech Credit Union Financial Literacy 100

The Fintech Times

JULY 13, 2024

These developments significantly boosted the popularity of QR code payments in China, where by the end of 2022, over 95 per cent of mobile phone users relied on QR codes as their primary payment method, and more than 50 per cent used them for public transportation fares. This innovation was followed by WeChat’ s similar launch in 2014.

Financial Inclusion 57

Financial Inclusion Cross-Border Payments Cross-Border Payments 57

The Fintech Times

OCTOBER 31, 2024

The country has also achieved considerable poverty reduction, with moderate poverty levels dropping from nearly half of the population in 2010 to around 30 per cent by 2022, according to the World Bank. Venture capital interest in Bangladesh’s fintech sector has been on the rise, with investments exceeding $429million in both 2021 and 2022.

Financial Inclusion 70

Financial Inclusion FinTech Financial Literacy Correspondent Bank 70

FICO

JULY 21, 2022

Continuous Financial Education for Women Small Business Owners. FICO-hosted panel at NAWBO’s 2022 Advocacy Days discusses how financial education impacts access to capital and business growth for small businesses. Thu, 07/21/2022 - 15:30. See all Posts. Related posts. Financial Inclusion Using Analytics.

Small Business 98

Small Business Continuity Financial Literacy Participant 98

Fintech News

JULY 3, 2024

Tech-savvy population Singapore consistently ranks high in global financial literacy indices. The 2020 Global Financial Literacy Excellence Center report placed Singapore among the top nations in financial literacy.

Financial Literacy 98

Financial Literacy Cryptocurrency Digital Currency Accreditation 98

Fintech News

APRIL 3, 2024

It draws on a survey of 114 fintech firms across 17 countries, as well as interviews with leaders from 25 fintech firms, conducted between November 2022 and February 2023. According to the report, digital financial services carry significant potential to advance women’s financial inclusion.

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Financial Inclusion FinTech Financial Literacy Non-Bank 118

The Fintech Times

OCTOBER 3, 2024

This includes promoting literacy, eliminating poverty and promoting vibrant financial institutional operations in Papua New Guinea. In 2014, the government set up the National Financial Inclusion and Financial Literacy Strategy. One of the strategies put in place to improve this was in 2022.

Financial Inclusion 52

Financial Inclusion Financial Literacy Governance Government 52

Fintech News

AUGUST 12, 2024

between fiscal year 2022 and fiscal year 2029, and reach US$21.12 Holistic inclusion, beyond financial inclusion Holistic inclusion is another key theme in the financial sector. This growth will be supported by improvements in digital and financial literacy, making these investments more accessible to a broader audience.

Embedded Finance 104

Embedded Finance FinTech Non-Bank Cross-Border 104

Fintech News

FEBRUARY 26, 2024

billion in 2022, plus a further plunge to US$39 billion in 2023, as per CB Insights — has seen fintechs in certain regions noting the poor funding outlook as a hindrance to better growth. The post More Than Half the Fintech Industry Seeing Growth from Strong Consumer Demand appeared first on Fintech Singapore.

FinTech 133

FinTech Consumer Financial Inclusion On-Demand 133

Finovate

MARCH 20, 2024

” Founded in 2022, Zone is headquartered in Lagos, Nigeria. At FinovateEurope, FRNZX co-founder and CEO Nevo Lapidot demonstrated how the technology streamlines AML operations from onboarding to monitoring, reporting suspicious activity and helping ensure that financial institutions meet regulatory requirements.

Blockchain 59

Blockchain Payment Security Security AML 59

FICO

MAY 19, 2023

Topics include Mastering Credit, Credit Scores, Financial Literacy, Financial Wellness, Managing Debt, and Home Ownership. Since the launch of the FICO® Score Display in February 2022, over 167,000 Prosper borrowers have utilized this feature, while Prosper’s informative blog articles receive over 25,000 monthly visits.

Financial Inclusion 52

Financial Inclusion Credit Limit Financial Literacy Credit Risk 52

The Fintech Times

JANUARY 2, 2024

per cent in 2022. I noticed how the clients who understood money – had a degree of financial literacy and education – made this work for them. But as I helped the wealthy become wealthier, I wondered what would happen if financial education was accessible to everyone? In H1 2023, only 2.2

Financial Inclusion 67

Financial Inclusion Due Diligence FinTech Financial Literacy 67

FICO

AUGUST 18, 2022

Financial Wellness: How Banks Can Help Their Customers. What can banks do to assist consumers with their financial health – and can this be profitable? Thu, 08/18/2022 - 08:40. Financial wellness is a complex topic with many layers. Can Financial Wellness Be Profitable for Banks? See all Posts.

Financial Inclusion 52

Financial Inclusion Financial Literacy Small Business Economy 52

The Fintech Times

MAY 7, 2024

As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services. Peruvian financial habits are vastly changing from what they have traditionally been.

Digital Payments 62

Digital Payments Online and Mobile Banking Financial Inclusion Payments 62

Fintech News

DECEMBER 20, 2023

Project Guardian, led by MAS and industry partners, focuses on testing the feasibility of applications in asset tokenization and decentralized finance (DeFi) while managing risks to financial stability and integrity. The program components include financial literacy and capacity building, access to financing, and expanded trade opportunities.

FinTech 92

FinTech Cross-Border CBDC Web 3.0 92

Fintech News

OCTOBER 28, 2024

The APIs has not only helped platform partners unlock new revenue opportunities, more importantly, it has allowed ANEXT Bank to engage and enable the ecosystem of partners to accelerate and scale financial inclusion for unserved and underserved MSMEs.

AI 87

AI FinTech Innovation Payment APIs and Integration 87

EBizCharge

OCTOBER 17, 2023

In 2022 alone, the Automated Clearing House (ACH) Network processed over 30 billion transactions , totaling more than $76 trillion. In addition to common reasons for returns, it’s also good to familiarize yourself with how these returns work since understanding this process will expand your financial literacy.

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ACH Returns RDFI ODFI 52

The Fintech Times

JANUARY 6, 2024

Particularly since the release of OpenAI ‘s ChatGPT at the back-end of 2022, the world has sat up and taken notice of the potential of artificial intelligence (AI) to disrupt all industries in countless ways. ” The post Will AI Drastically Impact the Fintech Industry in 2024? appeared first on The Fintech Times.

AI 141

AI FinTech Financial Literacy Risk Management 141

Tearsheet

FEBRUARY 8, 2024

China introduced its CBDC to the world at the Olympic Games in February 2022. Accommodations will also be required for the unbanked, those without smartphones or home internet access, and those with limited financial literacy. The post Why hasn’t the US fully embraced the digital dollar?

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CBDC Digital Currency Privacy Federal Reserve 59