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Library

Video: How can the EU scale up artificial intelligence?
Jacques Bughin, a director at the McKinsey Global Institute, explains the three elements necessary to scale up artificial intelligence and where Europe stands. "We need infastructure, we need a platform and we need data," Bughin says of AI strategy. "We have so many countries starting to say "'I want to do AI.'" MGI’s 2016 research found that...
Tackling Europe's Gap in Digital and AI
Europe’s digital gap with the world’s leaders is now being compounded by an emerging gap with the world’s leaders in its development and adoption of artificial intelligence (AI) technologies. Without faster and more comprehensive engagement in AI, that gap could widen. Europe may not need to compete head to head but rather in areas where it has an...
Fintech for Women: Scaling the Financial Inclusion Pyramid in Egypt
In a bid to accelerate women’s financial inclusion in MENA, the region with the lowest female economic participation in the world , the DFID-funded Arab Women’s Enterprise Fund ( AWEF ) led a study to understand the scope for Digital Financial Services (DFS) in Egypt, map key constraints to women’s financial inclusion and identify opportunities to...
dawn of digital finance
While other countries have developed extensive agent networks, and complex partnerships to support DFS ecosystems - Lao PDR remains a greenfield and untouched environment for digital financial services. No agents, no services and no customers using DFS in the country of 6.8 million people. This multimedia case study is intended to showcase the...
Artificial Intelligence: American Attitudes and Trends (Report)
A report published by the Center for the Governance of AI (GovAI), housed in the Future of Humanity Institute, surveys Americans’ attitudes on artificial intelligence. The impact of artificial intelligence technology on society is likely to be large. While the technology industry and governments currently predominate policy conversations on AI,...
Blockchain Fintech Confidential
The National Crowdfunding and Fintech Association of Canada (NCFA) and TODA Network have presented an inaugural pop-up digital magazine called "Blockchain Fintech Confidential." The magazine features the five missing necessities to move blockchain from .02 percent global penetration to the remaining 99.8 percent; Amazon, Alibaba, Walmart and...
Member CBN Unveils National Financial Inclusion Strategy
The Central Bank of Nigeria on Thursday unveiled the National Financial Inclusion Strategy designed to ensure that at least 80 per cent of Nigerians have access to banking and other financial services. The revised strategy recognises the imperative for prioritizing the foundational constraints, the importance of innovation and the need to create...
Video: Finance Professionals Attend the Global SME Finance Forum 2018 Study Tour
Banking and finance professionals attended the Global SME Finance Forum 2018's study tour on November 5 in Madrid. The tour featured 12 financial institutions and fintechs that have best in class, innovative ways of serving SMEs clients. One of the participants said the tour was time well spent. "They shared so many things that actually blew my...
Open Banking’s Next Wave: Perspectives from Three Fintech CEOs
McKinsey reached out to the CEOs of three innovative fintechs—Ping Identity, Plaid, and Tink—for their perspectives on global prospects for open banking. While these firms address varying perceived pain points in financial services and pursue different business models, common themes emerged across the three interviews. The implications for banks...
Video: Tax Implications of Blockchain
As cryptocurrencies have exploded in popularity, so have questions regarding their tax implications. In addition, given the digital asset’s global nature, many questions are being asked about how the harmonisation of tax policy could play out. Caroline Malcolm, Senior Advisor on Tax and Digitalisation at the OECD, talks about the tax implications...