Financial Inclusion

Why Go-Jek Got Its Eye (and Business) on Peer-To-Peer Lending in Indonesia

Go-Jek, Indonesia’s unicorn darling just announced that they will be partnering with peer-to-peer (P2P) lending firms Findaya, Dana Cita and Aktivaku.to which marks them as yet another ride-hailing giant dabbling in financial services. The company’s decision to join the lending

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Fintech for Financial Inclusion in Vietnam

Fintech companies, which leverage technology and digital platforms to provide financial services at lower cost and wider, better access, have a key role to play in Vietnam where only 59% of the population have a formal bank account. A paper

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World Bank Global Findex : Indonesia Leads in Financial Inclusion Progress

The latest Global Financial Inclusion Index (“Findex”) database released today by the World Bank finds that Indonesia’s financial inclusion has made the most progress, across East Asia and the Pacific, in bringing its citizens into the formal financial system in

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Avatec: Next-Generation Digital Credit Assessment Solution for Indonesia

United Overseas Bank Limited (UOB) and Pintec Technology Holdings Limited (PINTEC) announced the launch of their joint venture, Avatec.ai . Avatec aims to help banks and finance companies to be more efficient and more accurate when assessing the credit quality of

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How Real-Time Payments Can Support Financial Inclusion

In developing countries, digital banking platforms and real-time payments have been driving financial inclusion, providing the underbanked and financially excluded with affordable and convenient financial services, according to a new report by Vocalink, a Mastercard payments company. The report, titled

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Top 100 Financial Inclusion Companies, IFC Report

Through innovative business models, products and use of cutting-edge technologies such as artificial intelligence (AI), Big Data, digital identity and the Internet-of-Things (IoT), fintech companies are making significant progress in promoting financial inclusion, according to a new report co-authored by

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BSP: Branchless banking app usage needs special license

Banks seeking to use a mobile app that promises to enable them to expand their businesses without building any physical branches, are required by the Bangko Sentral ng Pilipinas (BSP) to obtain a special license, the BusinessMirror reported. The app’s

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Ripple & the Gates Foundation Team Up to Level the Economic Playing Field for the Poor

Many of the world’s poor in developing countries — nearly 2 billion, according to the World Bank — struggle to lift themselves out of poverty simply because they don’t have a bank account or financial services. This is a missed opportunity for

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Lenddo and EFL Team Up to Lead Financial Inclusion Revolution

Lenddo and Entrepreneurial Finance Lab (EFL), leaders in credit decisioning for emerging markets, today announced they are joining forces. Lenders will use the combined company’s unique platform to provide individuals worldwide with unprecedented, affordable access to convenient financial products. United

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New Report Emphasizes Importance of Fintech in Improving Financial Inclusion

Fintech has the potential to dramatically improve financial inclusion, according to a report by the Brookings Institution, an American research group. Incumbents, new entrants, government agencies and policymakers must collaborate in order to harness the full potential of fintech. The

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