Big data is changing everything from the way we shop to how we travel. Financial technology companies (fintechs) are now following in the footsteps of giants like Amazon, Airbnb and Uber to transform the banking industry in the digital age. Fintech solutions have shown particular promise across emerging markets where big data is used in advanced credit analytics to help … [Read more...] about Five Fintechs Disrupting MSME Finance
Across emerging markets, access to finance is one of the largest barriers to success for private enterprises. Business leaders cite scarcity of credit as their main concern for growth, outweighing issues like corruption, tax and political instability. … [Read more...] about Why does the private sector need capital markets?
Growing up in The Bahamas, I remember my grandmother’s asue. There weren’t any banks where she lived on the island of Inagua, and even if there had been, it wasn’t customary for women to frequent them. To adapt, women (and sometimes men) formed their own informal savings groups, known as asues. As her group’s custodian, my grandmother collected a weekly contribution from … [Read more...] about Three ways to strengthen financing for private companies in the Caribbean
We are witnessing the Fourth Industrial Revolution, the theme at this year’s World Economic Forum in Davos. It represents the digital revolution, the rise of the collaborative economy and growth expectations that are exponential instead of linear. The economic transformations emerging from this revolution remind us that the business models of yesterday cannot build the business … [Read more...] about The region is evolving. So are we.
* By Angela Miller When people are asked to name institutions they trust, banks rarely top the list. In fact, they don’t usually make it among the top five. According to the Edelman Trust Barometer, the financial sector is among the least trusted industries, a position it has held since the height of the global financial crisis in 2008. … [Read more...] about Banks can make the world a better place — here’s how