Tag: Financial Inclusion
Empowering Financial Inclusion: The Role of Embedded Credit in Fintech
The potential benefits of embedded credit are multifaceted. It can provide individuals with access to funds for various purposes, such as entrepreneurship, education, or unforeseen emergencies. Moreover, it can help individuals establish credit histories and improve their financial well-being.
Share this:
Fintech Amalgamating Powerful Artificial Intelligence
FinTech is known through the help of AI that, in one way or another how to make money. The application of any computer-enabled algorithm that can be applied against a data set to find a pattern in the data. Because of this, new wild and flashy AI systems that are making FinTech ‘s smart systems smarter and can help them to fly.
Share this:
AI Changing FinTech Modus Operandi
AI in Fintech is a great help & ease for understanding on how the automation can be achieved for automated tasks (yes its true). Machine Learning focuses on predictions, based on known properties learned from the training data using too much statistical inductive reasoning. It’s been said ML works very well as long as past gets repeated in future. Financial chat bots use predictive analytics to push out real-time, informed responses to customers without the need for human intervention.
Share this:
AI The Epicenter of eCommerce
In our todays online shopping how much is artificial intelligence. How artificial intelligence can help retailers to deliver the highly personalized experiences shoppers desire. Ant colony optimization algorithm (To formulate training feed-forward neural networks with ant colony optimization) to obtain the users’ preference information are widely used in todays ecommerce business for comparison-shopping to solve the problem of the user bias’ filtering and learning. The performance improvements are important to both consumers / buyer and sellers / merchants.
Share this:
Artificial Intelligence Innovation in FinTech
With advancement in technology, artificial intelligence, organisations outside the banking industry diversified and demystified financial services by targeting small & succinct margins in the space. These were organisations servicing millions of customers through broad distribution channels, be they mobile operators, mobile handset manufactures, retailers or on-line merchants. Integrating AI applications, such as IBM Watson and N26 with Siri
Share this:
Magic Word Pay in Digital Payments
Today’s consumer expects a seamless mobile payment experience; failing to meet those expectations can be devastating to a brand, idea, innovation and eventually the payments industry. The world’s best companies; main from out side of payment / financial domain are rushing (yes rushing) for Digital Transformation for money. Getting inspired by the cutting-edge technologies, innovative products and solutions
Share this:
2017 Year of AI & Digital Payments
To draw a rough sketch of exaggerated scenario of how these two technologies (AI & FinTech) may interact with us in the future and what warrants the, perhaps perplexing, 2 super powers. AI’s Control systems are widely used. They govern how a simple thermostat adapts to a target temperature.
Share this:
CashLess –OR– LessCash
CashLess –OR– LessCash – Journey from a cash-only transactional economy to a cashless economy without a full plan, education, and strategy look only a talk […]
Share this:
Financial Inclusion to Balance Gender Gap
Nigeria & South Africa is better in terms of women getting rights on what they deserve than DRC or Kenya different. This phenomena can be compared with almost all advertisement depicting a clock standing still in one place such as ten minutes past to ten as its most appealing to human minds. Giving best and large enough space for advertisements to be displayed clearly if forty minutes past four is chosen will also give the same scope but does not appeal well.
Share this:
Year 2016 : What is needed, Banking or Banks?
“Banking is needed not the banks, Fintech is killing banks, not the banking”. Banks need to accept change, become Fintech partners and it’s time to come out of their 100-year sleeping mind/blindfolded approach to customer’s banking need otherwise banking will only survive but not banks any more. Since the mobile payment era has just started, it is still too early to answer this point and nominate the winner, we will need to wait and see how it will go but I think we will somehow end in a stalemate, which is not at all pleasing for one type of role.
Share this:
Mobile Money Basics : Part-2
Mobile Money, Mobile Payments, Mobile Banking and Mobile Commerce can be termed Mobile Financial Services. The magic word known as “Pay” has gone viral in today’s time and every day we have 1 or 2 new startup’s entering the payment industry, specifically into the Mobile Payment domain. Mobile phones can be used to deliver a range of banking services. Not from Banks, I am separating banking and banks. Banking services dont need banks any more. Transaction data can be used to develop customers’ credit histories to offer other top-up services.
Share this:
Live the Best Life – Financial Game Traps
Rather than fooling foreigners, is there a possibility to support and recover economic graves? Maybe by adding flavors of mobile payments, low-cost cross-border remittances, electronic payments, and freedom from cash and real currency. It’s important to study the facts of the game, i.e., offerings, but if you’re presented with a real opportunity, don’t risk losing it.
Share this:
Mobile Money Basics : Part-1
Established players are constantly anxious about protecting their hard-earned franchises, thereby confirming the emergence of the ‘new normal’. To further discussions on how to play the ‘new normal’, we analyzed the activities of a range of players and unearthed ‘8 core traits’ of likely winners. We believe embedding these core elements in the proposition, operating, and delivery models will enable players to ‘play to win’ in these turbulent times.
Share this:
Can Banks ever win Mobile Payments/Money Games?
Accessibility is a critical success factor for any service. The role of informal institutions in providing financial services to the members of the community, and concludes by highlighting the opportunities these are present for formal financial service providers but in order to ensure accessibility of banking services, a bank has to have a wide branch network of fully branded brick and mortar marble banking halls with all the necessary security systems. The set up costs of these are so high and to recoup the same, the bank has to pass on the cost to the ultimate consumer.
Share this:
Hybrid Mobile Financial Services & Commerce
Financial payments and banking started in a very inefficient and traditional way, which was slow but still acceptable to the customers due to the stage of the information age. Initially, almost all the fun and joy in terms of one double zero percent in the shape of activities in the financial services (Except Non-Banking Services) space was attributable to banks, with all the revenue being collected by the same entities.
