ICICI Bank and Stellar: Using Blockchain to Reach the Base of the Pyramid in India

icici bank and stellar using blockchain to reach the base of the pyramid in India

Today the number of international transactions has skyrocketed with an average turnover of US $574 in 2016. High international transfer costs and high vulnerability are important reasons for shifting from traditional banks to online transfers. Various FinTech companies offer similar benefits, but not all of them are highly successful.  Most of the successful companies in … Read more

Are Banks the Future of Banking? Africa Board Fellows Deliberate

Are Banks the Future of Banking Africa Board Fellows Deliberate

With the growing popularity of fintech companies, it seems inevitable that digital banks will replace traditional banks. However, it is not that simple. Traditional banks are now providing online banking facilities with offline banks open. In-person interactions which banks provide are not available in the case of online banking.  In the case of online banks, … Read more

Savings is the Key to Merchant Payments in Developing Countries

Savings is the Key to Merchant Payments in Developing Countries

The financial ecosystem is quickly evolving from a cash-dependent payment system to a digital transaction system. This new system has limitless opportunities for creative business owners to create niches for themselves. Newer industries are making headway into the finance industry, which was entirely run by banks earlier. Nowadays, mobile operators, e-commerce companies, and tech giants … Read more

Discrimination and Credit Underwriting in the Age of Social Media

Discrimination and Credit Underwriting in the Age of Social Media

Social media has gradually infiltrated every aspect of the majority of the population’s lives. It has evolved greatly since its early days when it was primarily used for interpersonal reasons like connecting with friends. Nowadays, business marketing, financial transactions, consumer engagement, etc., are also heavily dependent on social media presence. From posting ad copies to … Read more