Yesterday, we reviewed the first part of 2016 in regards to changes in the technology, innovation and regulatory landscape for the online identity industry. Continuing on, here’s what happened in the last half of the year. July In July 2016, FinCEN (The U.S. Treasury Department’s Financial Crimes Enforcement Network), enacted new rules to close loopholes

Death and taxes are unavoidable. While technology can’t prevent death or eliminate taxes, it is enabling simpler, quicker interactions with government services. Considering that every individual makes (or receives) payments from governments, developments in this area have widespread impact. Lumped into the category of P2G (person to government), it doesn’t have the cachet as some

Africa Paving the Mobile Money Trail

Tuesday, 15 November 2016

Sometimes, being late to the party is a good thing; you can leap ahead to the good part, bypassing all the setup. In the world of technology, the leapfrog effect refers to bypassing previous iterations of a technology and jumping to the most current version. This saves considerable time and money — and can achieve quick results.

If you haven’t noticed lately, the price of oil is back to $50 US/barrel. For businesses in the Middle East or those looking to expand into the region, that means that the thaw might be over and that a rebound is at hand. Of course, oil is not the only business or determining trend of

What would YOU do if you didn’t have a bank account? How would you get paid, pay your bills, save your money, get a loan and take part in the modern economy? For billions of people, that is their reality. Before you tune out, thinking that’s too bad and going on with your life, consider

Snapshot – The Pulse of Fintech

Wednesday, 14 September 2016

Fintech funding takes a bit of a breather, but corporate interests are coming on strong. No man is an island. Or, if we’re talking about financing hot sectors, then no sector funding is immune from the overall financial climate. In Q2 2016, Brexit caused a maelstrom of doubt in investments toward UK’s leading-edge financial technology.

The World Bank reported in its latest Global Findex that in 2014, 51 percent of adults in Latin America have bank accounts compared with only 39 percent in 2011. The challenge of ensuring that the unbanked can have access and make use of financial services is one that requires ongoing work on a global scale.

Financial inclusion is an area where financial technology (fintech) is ideally suited. Known for creating innovative ideas and solutions, the fintech industry may have the answer for solving the problem of providing financial services to the world’s unbanked and underbanked population. Asia is a continent that could see significant benefits from adopting fintech, particularly in

“I don’t have enough money.” This response surfaces as the most common answer in surveys designed to uncover barriers to formal financial access. In the most recent World Bank Global Financial Inclusion Index (Findex) surveys around the world, the litmus test of financial inclusion, 59 percent of unbanked adults cited this as a reason for

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