The ASEAN Financial Innovation Network (AFIN) announced today that Experian has joined its Strategic Advisory Council. AFIN is established by the ASEAN Bankers Association, the International Finance Corporation and the Monetary Authority of Singapore. AMTD Foundation and Mastercard are its Corporate Founding Members.
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Finovate brings together the Middle East's fintech community to showcase cutting-edge banking, financial and payments technology. See the latest fintech innovations demoed live on stage and hear insights from global financial services experts.
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The Global SME Finance Forum 2019 will be held October 7-9 in the Netherlands. The annual flagship event of the SME Finance Forum will bring 500+ senior executives from commercial banks, development finance institutions, fintech companies, as well as regulators to focus on leveraging digital banking to serve MSMEs.
BFA is about to conclude our FIBR (Financial Inclusion on Business Runways) Project, an innovative R&D initiative which sought to demonstrate how smartphones can accelerate and deepen financial inclusion in developing countries. When we launched the FIBR Project in 2015, we outlined a set of assumptions about how increased connectivity and digitization would create “business runways for financial inclusion” for small businesses in Africa, helping to accelerate the ongoing process toward greater inclusion.
This publication, by Hans van Grieken and Andries van Dijk from Deloitte, analyzes the growing impact of ‘digital’ on all aspects of business, from strategy to operations, and how it is driving change in organisations that goes beyond the ‘traditional’ IT model.
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Southeast Asian ride-hailing startup Grab Holdings Inc. intends to invest $150 million into artificial intelligence research over the next year, accelerating its expanding business that now includes food delivery, digital payments and digital content.
News via Deal Street Asia
As PayPal reaches saturation points in Western markets, it wants to continue to expand internationally, especially in India, where the country’s 450 million mobile users make it an attractive target for retailers.
The Financial Times is reporting that PayPal launched a domestic business in India in 2017, which allows for local and global payments in the country. PayPal considers the country critical to its growth.
News via Pymnts.com
CFI Research Fellow Dan Kleinbaum describes them—including their main delivery types—and their potential for helping institutions reach the underserved. Read this blog article from SME Finance Forum Member Accion about how financial institutions should think about their API strategies.
Article via the Center for Financial Inclusion, Accion.
Dana, the fintech startup backed by Ant Financial in Indonesia, is scouting for another strategic investor to help it snag more of the nation’s 150 million smartphone users. Dana is one of several digital wallets outside of China that Ant’s backed, as the funds-to-finance titan tries to forge a global payments network.
