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In less than six months’ time (January 3rd, 2018), banks will need to be fully compliant with MiFID II regulatory obligations. In her second blog on the topic, Laura Glynn, Fenergo Director of Regulat...
This year started out to be yet an exciting one for Financial Technology, I think it is safe to say 2017 is “the year of Fintech”. I support my statement by drawing attention to the growing interest i...
In April this year the European Banking Authority released their final RTS draft for PSD2 to be presented to the European Parliament. Many European Fintech companies feel that the draft does not stay...
It can be a fool’s errand trying to accurately predict the future. In 1955 Alex Lewyt, president of the Lewyt Vacuum cleaner company, predicted “Nuclear powered vacuums will probably be a reality with...
M-PESA in Kenya is widely regarded as an outstanding success in mobile money. The service has around 17m active customers and in 2016 generated about $400m in revenue for Safaricom, its parent company...
Any institution that works to establish financial inclusion takes on the role of becoming a emissary of trust - trust in the economy . To establish the first level of trust for the unbanked is one of...
When it comes to digitally transforming, the financial services sector is suffering from the old saying ‘too many cooks spoil the broth’. Much needed innovation and change is being held back because t...
After a series of media interviews a couple of weeks ago, in a trip to Guatemala, I realized in a moment that I was witnessing a change in the public perception of remittances that I had not grasped b...
When the year 2008 is mentioned, it is generally associated with the untimely demise of Lehman Brothers and the ensuing financial chaos that engulfed the global economy and rocked it to its very core....
Cost & Scale Challenges in International Transfers The demand for low-value cross-border transfers remains a massive unmet opportunity. In developing markets in Africa and Asia, for instance, whe
Online banking didn’t eliminate the opportunities for thieves. Moreover, it even helped the criminals do their deeds. Armed bank robberies still happen and crooks have new doors to break in: now they ...
Remember those days when we saw Lehman employees walking out with their personal stuff in cardboard boxes, the manhandling of AIG employees in New York, the demonstrations at Wall Street and Zuccotti ...