Articles

Cybersecurity for Mobile Financial Services: A Growing Problem

Mobile phones are helping millions of low-income customers to access financial services for the first time, but they are also exposing them to new cyber threats they could never have imagined. The Serianu 2017 Africa Cyber Security Report estimates that cybercrime in mobile-based transactions costs businesses $140 million per year in Africa. Why is this becoming more common? And what can providers and policy makers do to prevent it?

Articles

Articles

Nordic Banks Provide SMEs with More Fintech-Based Services
Nordic Banks are shifting their focus toward more technology implementation to gain a competitive advantage against non-traditional fintech competitors. According to the article, several Nordic banks have plans to move their branch services completely online. “Like many banks, we must face the reality of change,” said Timo Ritakallio, OP Financial...
Scaling Up Financing SDGs Discussed in High-Level Meeting
The UN Secretary General’s High-level Meeting on Financing the 2030 Agenda for Sustainable Development discussed focus of investments, measuring data for SDGs and vulnerable countries and sectors. According to the article, the meeting focused on: Aligning global financial and economic policies with the 2030 Agenda Enhancing sustainable financing...
IFC has completed delivery of DigiLab to Cohort 1 in Latin America
About IFC DigiLab IFC DigiLab is Digital Transformation on Steroids and is our latest tool to support our clients in their digital transformation at scale. It is a program designed for small and mid sized financial institutions IFC DigiLab consists of a combination of face to face learning and networking events coupled with an online learning...
Member News: Industry Partner GBA for Women Features Diamond Bank's Digital Innovation
Industry Partner GBA for Women says that digital solutions for product distribution are rapidly increasing banks’ ability to reach the unbanked – a segment disproportionately made up of women. During the recent All-Stars Academy in South Africa, GBA heard from two of its members who are making huge strides in this area: Diamond Bank of Nigeria -...
How Paypal Became Small Business Owner (and Industry Luminary) Jim Marous' Primary Bank
Jim Marous is co-publisher of The Financial Brand and publisher of the Digital Banking Report , a subscription-based publication that provides deep insights into the digitization of banking, with over 150 reports in the digital archive available to subscribers. As a small business owner, Jim Marous shares why PayPal became his primary financial...
Disrupting Systems: Financing Africa’s Youth Entrepreneurs
On May 15-16, in the heart of Nairobi, Kenya, 300 plus individuals from more than 175 institutions and 50 countries gathered at the Africa SME Finance Forum to discuss innovative solutions to promote access to finance for small and medium enterprises (SMEs) in Africa. As a key supporter of the Forum, the Mastercard Foundation hosted a panel titled...
Five Highlights from the Africa SME Finance Forum: Day 1
Through the first Africa SME Finance Forum, IFC, financial institutions and entrepreneurs are seeking to find solutions to close the $331 billion SME finance gap across the continent. The conference on May 15-16 explores local and global best practice SME banking solutions to harness digital technology, e-commerce and blockchain, to promote youth...
PayPal COO Bill Ready Talks AI Innovation
As companies continue their march toward digitization, they’re increasingly adding artificial-intelligence (AI) techniques to their value-creation toolboxes. In this McKinsey conversation with Bill Ready, chief operating officer at PayPal, he explains how cloud platforms are making AI available to a wider set of users, unlocking a plethora of...
How Digital Innovation Can Increase Small Business Access To Finance In Asia
Small- and medium-sized enterprises (SMEs) are a key contributor to economic activity around the world as an important source of jobs, growth, and innovation. Despite their essential role, SMEs receive a disproportionately small share of credit from the financial system, a trend that persists across developed and developing countries, including in...
Lav Odorovic on Penta's Success Story
Lav Odorovic is the co-founder and CEO of Penta . Odorovic is a serial entrepreneur, having set up and exited his first startup by the tender age of 21. After working several corporate jobs, he, together with several entrepreneurial friends, launched Penta, a Berlin-based neobank, offering banking services to early-stage technology companies. As...