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The Innovate Finance Global Summit 2018 will immerse attendees in the ideas shaping global FinTech.
Financial technology has evolved into a powerful global movement that has brought together entrepreneurs, technology giants and big banks to develop ideas and innovations that can harness the power of the digital age to create better, sustainable, financial services for more people of different backgrounds and for future generations to come.
On October 16th, CGAP hosted a panel discussion on the potential of regulatory sandboxes for financial inclusion.
Regulatory sandboxes are gaining popularity, mostly in developed markets, as a safe space where FinTech startups and other innovators can experiment under the watchful eye of a financial supervisor. Could they be useful in emerging markets and developing economies to advance FinTech innovations that benefit unserved and underserved customers?
And they're out! P2P lending is now a regulated activity in India.
https://lnkd.in/fUGDuet
The era of Open Banking is well underway, triggering a dramatic shift in paradigms and marking a milestone from which banks and their customers will never return.
Join member Strands' webinar on October 10 and learn more about this transparent and conversational type of banking. They will be discussing the following:
What is Open Banking?
In this short paper, Terry Tse contrasts U.S. and Asian regulations, describes the emerging P2P business environment in Asia (which appears to be extremely well positioned for growth), explains the key structural incentives Asian P2P lenders have implemented to discourage borrowers from defaulting, and concludes with practical suggestions to help investors navigate the socalled “Wild East” that is marketplace loan investing in Asia.
Africa presents the ideal environment in which to evolve a new cash and payments services architecture – by linking rapidly changing customer expectations with new technologies. This puts banks squarely at the center of mediating the creative clash of trends and technology, as Africa’s financial institutions harness disruption for innovation and growth.
Brazil’s central bank recently proposed allowing fintechs to lend money, without taking deposits as commercial banks do, as part of new rules for the fast-growing fintech industry in Latin America’s largest economy, according to reports. The rules, which will be assessed in public hearings over the next two months, should not require congressional approval, central bank director Otávio Damaso said. However, commercial banks will be allowed to create their own fintechs once the rules are in place.
Drawing on the experience of government representatives and international organisations, entrepreneurs, international investors, the legal profession and representatives of the judiciaries, the conference will discuss the vital role of the Rule of Law in the development of Africa’s Small and Medium Enterprises (SMEs) sector. Specifically, the conference will seek to identify the legal and regulatory obstacles that constrain African SMEs, and highlight practical solutions to addressing these.
Credit guarantee schemes (CGSs) are an increasingly popular form of government intervention in credit markets to ease access to finance for SMEs. CGSs are established to improve access to finance for SMEs and in some cases to deliver other important results such as investment and jobs. However, a crucial public policy question is whether or not these results are actually achieved.
The National Australia Bank (NAB) is looking to build business outside of home loans, mostly in SME lending. A recent report in The Australian revealed news that the NAB is adding new features to its small business lending unit, QuickBiz, in an effort to build market share.
