Tag: finance and payments
NeoBanks: A New Wave of Growth Disrupting the Banks
Innovation, technological disruption and wave of digital transformation have hit the banking and financial industry very severely after a decade old financial crisis. According to Gartner by 2030, 80% of heritage financial services firms will go out of business, become commoditized or exist only formally but not competing effectively. The analyst says these firms will…
Fintech: Redefining Financial Inclusion
An excerpt from Alliance for Financial Inclusion (AFI) report on fintech states almost half of the world’s unbanked live in seven countries: China, India, Pakistan, Indonesia, Nigeria, Mexico and Bangladesh. Dramatic progress has been made in China and India, and similar strategies for digital financial inclusion have been developed in Indonesia, Mexico, Pakistan and Bangladesh….
