This is a presentation by Paschal Anosike, Director, Centre for African Entrepreneurship and Leadership (CAEL), University of Wolverhampton, UK, at the 3rd Annual East Africa Finance Summit
This is a presentation by Bizuneh Bekele, ePayment and FinTech Development Consultant, DigiFinance Africa, at the 3rd Annual East Africa Finance Summit
Presented by Getahun Nana at the 4th Annual East Africa Finance Summit
Modernization of Ethiopian payment system needs disruptive changes
Digitization offers disruptive and a transformative solution to modernization of payment systems
Innovation is disrupting financial services, opening up new opportunities and experiences to facilitate transactions and promoting financial inclusion.
Overview of Digital Financial Services LandscapeJohn Owens
This presentation reviews the digital financial service landscape and is a primer for regulators and policy makers wishing to better understand current market developments.
Digital Financial Services for Financial InclusionJohn Owens
This presentation highlights some of the digital financial service trends, policy and regulatory issues and examples of digital financial services and the role it plays in financial inclusion in various countries in the Asia Pacific region.
This was the opening session of the panel on digital financial services and financial inclusion during the Asia Pacific Regional Forum on Universal Access and Services and Broadband Deployment 2015 in Bangkok, Thailand.
This is a presentation by Paschal Anosike, Director, Centre for African Entrepreneurship and Leadership (CAEL), University of Wolverhampton, UK, at the 3rd Annual East Africa Finance Summit
This is a presentation by Bizuneh Bekele, ePayment and FinTech Development Consultant, DigiFinance Africa, at the 3rd Annual East Africa Finance Summit
Presented by Getahun Nana at the 4th Annual East Africa Finance Summit
Modernization of Ethiopian payment system needs disruptive changes
Digitization offers disruptive and a transformative solution to modernization of payment systems
Innovation is disrupting financial services, opening up new opportunities and experiences to facilitate transactions and promoting financial inclusion.
Overview of Digital Financial Services LandscapeJohn Owens
This presentation reviews the digital financial service landscape and is a primer for regulators and policy makers wishing to better understand current market developments.
Digital Financial Services for Financial InclusionJohn Owens
This presentation highlights some of the digital financial service trends, policy and regulatory issues and examples of digital financial services and the role it plays in financial inclusion in various countries in the Asia Pacific region.
This was the opening session of the panel on digital financial services and financial inclusion during the Asia Pacific Regional Forum on Universal Access and Services and Broadband Deployment 2015 in Bangkok, Thailand.
Moving from Mobile Money to Digital Financial ServicesJohn Owens
In this webinar, I shared updates on the growing shift from mobile money to broader digital financial services to promote financial inclusion. These broader services include greater integration and convergence of electronic funds transfers, debit/ATM cards, and agent banking. Over the past couple of years, a range of public and private players such as USAID, the Better Than Cash Alliance, the Bill & Melinda Gates Foundation, the Alliance for Financial Inclusion, and other groups have actively supported or focused on policy areas that promoted the use of digital financial services for greater financial inclusion.
With the greater role of governments, regulators, private sector players, and more importantly, the role and perspective of clients at the base of the economic pyramid, this new emphasis on digital financial services, has a much better chance of accomplishing deeper financial inclusion than we have seen in the past. This presentation focuses on this broader approach to improving financial inclusion and shares lessons learned from a practitioner in the field point of view.
2 billion people globally have no bank account, but 1 billion of them have a mobile phone. Markets for digital financial services are expanding worldwide.
Basic Approaches for Digital Financial Services That Support Financial InclusionJohn Owens
Learning from legislative and regulatory practices in countries which have successfully launched new digital financial service approaches, as well as maintaining an open dialogue with the private sector are essential for countries wishing to harness digital financial services to advance financial inclusion. This was the theme of the recent AFI-Central Bank of Russia (CBR) workshop entitled Digital Financial Services: Promoting Financial Inclusion, which was held in Moscow in October 2014. http://www.afi-global.org/news-events/network-news/afi-events/digital-financial-services-promoting-financial-inclusion
Leading Mobile Financial Services Provider : mFino by Sridhar ObilisettySridhar Obilisetty
mFino is one of the leader in providing mobile financial services platform that enables the delivery of a full spectrum of financial services that meets the current needs of financial institutions, mobile operators, distributors and retailers
The Inclusive Fintech 50 applicant pool provides new insights into inclusion-focused fintech, itself a subset of the fintech universe. Early-stage inclusive fintechs are developing innovative products, services, business models, and distribution channels to provide solutions for underserved segments. Yet these startups require capital and other resources in order to reach the world’s 3 billion financially underserved people. By highlighting these high-potential companies, we hope to support the efforts of investors, banking partners, and other fintechs working towards a financially inclusive world.
https://runfrictionless.com/b2b-white-paper-service/
20-21 February 2018, Mexico City: Workshop on building business linkages that boost SME productivity. http://www.oecd.org/cfe/smes/workshop-on-building-business-linkages-that-boost-SME-productivity.htm
Hafsah Hashim - Adoption of digital technologies for SMEs: React, Reflect and...OECD CFE
20-21 February 2018, Mexico City: Workshop on building business linkages that books SME productivity.
http://www.oecd.org/cfe/smes/workshop-on-building-business-linkages-that-boost-SME-productivity.htm
Interoperability of Mobile Money Services by Sridhar ObilisettySridhar Obilisetty
INTEROPERABILITY brings in SYNERGY where interconnections with external parties can create greater value for customers and service providers than a single mobile money service provider can create alone.
Beyond Banking: New Business Models for the Digital EraJessica Wilkinson
The banking and financial services industry is undergoing a period of unprecedented disruption, which is re-shaping the competitive landscape.
Criterium Group believes we’re experiencing a fundamental change in how people manage, save and spend their money –which means banks and credit unions will need to re-imagine how they deliver value to customers and members.
We’re experiencing a disintegration of the financial industry. But disruption is exciting, not scary. As our relationship with money evolves, there are endless opportunities to delight customers and deliver value. However, competing in a digital age takes a completely different approach.
Criterium Group has considered the changing landscape from a competitive, financial, technological and operational perspective to re-design the traditional banking business model to win in a digital world.
FinTech Applications & Tools for Financial HealthJohn Owens
During my presentation in March in Kyiv, Ukraine, I shared global examples of FinTech tools and applications that can not only support greater financial inclusion but, more importantly, can address the overall financial health of customers and improve consumer protection.
Digital Financial Services for Cocoa Farmers in Côte d'IvoireCGAP
Smallholder farmers, even those in structured value chains such as cocoa farmers in Côte d’Ivoire, are largely unable to access banks, microfinance institutions and other formal financial institutions. Providing meaningful financial services to these customers in an affordable and sustainable manner is a great challenge. In Côte d’Ivoire, transitioning from cash to digital payments may alleviate some of these challenges
This presentation details a digital financial services pilot project – implemented over 22 months by Advans Côte d'Ivoire with the support of CGAP – which has shown promising results.
The Role of Fintechs in the Financial Industry: Creating Sustainable PathwaysDerrydean Dadzie
This presentation exposes the critical role that Fintechs play in the financial sector. The nuanced exploration of the fintech sector brings to the fore critical insights that aid the readers understanding of the specific dynamics that make the role fintechs a compelling proposition in the new era financial sector.
Moving from Mobile Money to Digital Financial ServicesJohn Owens
In this webinar, I shared updates on the growing shift from mobile money to broader digital financial services to promote financial inclusion. These broader services include greater integration and convergence of electronic funds transfers, debit/ATM cards, and agent banking. Over the past couple of years, a range of public and private players such as USAID, the Better Than Cash Alliance, the Bill & Melinda Gates Foundation, the Alliance for Financial Inclusion, and other groups have actively supported or focused on policy areas that promoted the use of digital financial services for greater financial inclusion.
With the greater role of governments, regulators, private sector players, and more importantly, the role and perspective of clients at the base of the economic pyramid, this new emphasis on digital financial services, has a much better chance of accomplishing deeper financial inclusion than we have seen in the past. This presentation focuses on this broader approach to improving financial inclusion and shares lessons learned from a practitioner in the field point of view.
2 billion people globally have no bank account, but 1 billion of them have a mobile phone. Markets for digital financial services are expanding worldwide.
Basic Approaches for Digital Financial Services That Support Financial InclusionJohn Owens
Learning from legislative and regulatory practices in countries which have successfully launched new digital financial service approaches, as well as maintaining an open dialogue with the private sector are essential for countries wishing to harness digital financial services to advance financial inclusion. This was the theme of the recent AFI-Central Bank of Russia (CBR) workshop entitled Digital Financial Services: Promoting Financial Inclusion, which was held in Moscow in October 2014. http://www.afi-global.org/news-events/network-news/afi-events/digital-financial-services-promoting-financial-inclusion
Leading Mobile Financial Services Provider : mFino by Sridhar ObilisettySridhar Obilisetty
mFino is one of the leader in providing mobile financial services platform that enables the delivery of a full spectrum of financial services that meets the current needs of financial institutions, mobile operators, distributors and retailers
The Inclusive Fintech 50 applicant pool provides new insights into inclusion-focused fintech, itself a subset of the fintech universe. Early-stage inclusive fintechs are developing innovative products, services, business models, and distribution channels to provide solutions for underserved segments. Yet these startups require capital and other resources in order to reach the world’s 3 billion financially underserved people. By highlighting these high-potential companies, we hope to support the efforts of investors, banking partners, and other fintechs working towards a financially inclusive world.
https://runfrictionless.com/b2b-white-paper-service/
20-21 February 2018, Mexico City: Workshop on building business linkages that boost SME productivity. http://www.oecd.org/cfe/smes/workshop-on-building-business-linkages-that-boost-SME-productivity.htm
Hafsah Hashim - Adoption of digital technologies for SMEs: React, Reflect and...OECD CFE
20-21 February 2018, Mexico City: Workshop on building business linkages that books SME productivity.
http://www.oecd.org/cfe/smes/workshop-on-building-business-linkages-that-boost-SME-productivity.htm
Interoperability of Mobile Money Services by Sridhar ObilisettySridhar Obilisetty
INTEROPERABILITY brings in SYNERGY where interconnections with external parties can create greater value for customers and service providers than a single mobile money service provider can create alone.
Beyond Banking: New Business Models for the Digital EraJessica Wilkinson
The banking and financial services industry is undergoing a period of unprecedented disruption, which is re-shaping the competitive landscape.
Criterium Group believes we’re experiencing a fundamental change in how people manage, save and spend their money –which means banks and credit unions will need to re-imagine how they deliver value to customers and members.
We’re experiencing a disintegration of the financial industry. But disruption is exciting, not scary. As our relationship with money evolves, there are endless opportunities to delight customers and deliver value. However, competing in a digital age takes a completely different approach.
Criterium Group has considered the changing landscape from a competitive, financial, technological and operational perspective to re-design the traditional banking business model to win in a digital world.
FinTech Applications & Tools for Financial HealthJohn Owens
During my presentation in March in Kyiv, Ukraine, I shared global examples of FinTech tools and applications that can not only support greater financial inclusion but, more importantly, can address the overall financial health of customers and improve consumer protection.
Digital Financial Services for Cocoa Farmers in Côte d'IvoireCGAP
Smallholder farmers, even those in structured value chains such as cocoa farmers in Côte d’Ivoire, are largely unable to access banks, microfinance institutions and other formal financial institutions. Providing meaningful financial services to these customers in an affordable and sustainable manner is a great challenge. In Côte d’Ivoire, transitioning from cash to digital payments may alleviate some of these challenges
This presentation details a digital financial services pilot project – implemented over 22 months by Advans Côte d'Ivoire with the support of CGAP – which has shown promising results.
The Role of Fintechs in the Financial Industry: Creating Sustainable PathwaysDerrydean Dadzie
This presentation exposes the critical role that Fintechs play in the financial sector. The nuanced exploration of the fintech sector brings to the fore critical insights that aid the readers understanding of the specific dynamics that make the role fintechs a compelling proposition in the new era financial sector.
The Global Landscape of Digital Finance InnovationsCGAP
More than half of the world’s adult population, nearly 2.5 billion people, remain unbanked. Technology – particularly the mobile phone – has been used in recent years to extend financial services past the limits of bank branches and reach new consumers in traditionally underserved segments. Initial efforts focused on payments but have now grown to include savings, insurance and credit products delivered by digital channels, known as “products beyond payments.” Despite a dramatic expansion in the number of digital financial service deployments, the offering of these financial services are not new services. Rather, they are existing services migrated to a lower-cost digital channel, therefore offering greater scale potential. And even then, use of these channels currently remain low.
This research seeks to accomplish four objectives:
Catalog the ways in which technology, especially mobile, can enhance access or use of financial services
Provide a comprehensive landscape of the latest innovations in digital finance
Consider the current and potential impact of these innovations on financial inclusion
Identify enabling conditions and investments needed to unlock the potential of the sector
Mobility Adoption in Asian Wealth Management Firms: A Way ForwardCognizant
The rising affluence of younger, hyper-connected investors across Asia is disrupting the staid wealth management market, pushing traditional players to build mobile experiences that strengthen client-advisor relationships, reduce operational costs and improve internal productivity.
Moving to the Mainstream - Alternative Financing for MSMEs & Policy ImplicationsJohn Owens
This presentation was provided during the session entitled "Moving Into the Mainstream – Showcase of Alternative Funding Mechanisms for SMMEs " at the ABAC Malaysia - SME Finance Forum
Workshop on Innovative Financing for SMMEs at the
InterContinental Kuala Lumpur, Malaysia on May 21, 2015
The FinTech ecosystem playbook captures the journey of 26 FinTech hubs in the emerging markets — their experiences and learnings in the process of building a strong financial services ecosystem. The teams highlight the best industry practices from these markets so that participants learn from each other.
Asian Private Banks: How to Embrace Digital TransformationCognizant
As Asian investors increasingly use social, mobile and analytics technologies for their wealth management needs, private banks must take a digital approach to more effectively deliver meaningful, high-value-adding interactions and tailored advice.
Self-Service in Wealth Management: Remaining CompetitiveCapgemini
Globally, companies are using digital technology to transform the way they run operations. This transformation is being driven by the increased sophistication of new channels such a mobile and social media. Across financial services, banks, brokerages and insurance companies are leveraging these evolving technologies to enable self-service capabilities so customers can resolve issues or get information without interacting with a representative. This paper looks at self-service in wealth management and examines the impact to deliver a forward-looking cross-channel client experience.
Presented by Chris Saigbe at the 4th Annual East Africa Finance Summit
Africa and indeed Ethiopia have the potentials to grow their Life Insurance Industries.
Growth is continuous because there are new opportunities and
possibilities to build on the progress already made
Presented by Shaun Bennet at the 4th Annual East Africa Finance Summit
Single master data record of client
Unique client reference
Easy management of client references
Ability to match similar record on a continuous basis
Presented by Behailu Negussie at the 4th East Africa Finance Summit
Market infrastructure providers are platforms that provide range of services
•Range from exchanges to start-ups technology vendors
•Trading platforms
•Data and analytics companies
•Clearing house
•Brokers
•Security depositors
•Others
Presented by Dr. Nissar Ahmed Yatoo at the 4th Annual East Africa Finance Summit
1.Interest Free Transactions
2.Sharing of associated risks and profits
3.No scope for uncertainty
4.Emphasis on Ethical Investment
5.Tangible and identifiable underlying assets to back-up financial transactions
Presented by Jerry Sogoli at the 4th Annual East Africa Finance Summit
A comparative analysis of the independent regulatory agency approach vis-à-vis direct government oversight and the appropriateness of the former in regulating today’s insurance sector
Present by Caesar Baulona at the 4th Annual East Africa Finance Summit
How do we effectively sort incoming claims so that we most efficiently allocate resources to obtain additional information at a cost?
Presented by Melesse Minale at the 4th Annual East Africa Finance Summit.
Access to finance is one of the main bottlenecks to business and financial inclusion is very low
Presentation by Boniface Mungania at the 4th Annual East Africa Finance Summit
How digital platforms can catalyze access and more inclusive communities in Ethiopia and beyond
Mr. Melesse Minale's presentation on the 4th Annual East Africa Finance Summit
Access to finance is one of the key bottlenecks to business and productivity growth
Capital markets help mobilize domestic savings
Creating liquidity
Reducing the need for reliance on foreign capital
This is a presentation by Yodahe A. Zemichael, Principal Technical Advisor, Office of the Ethiopian Prime Minister, at the 3rd Annual East Africa FInance Summit
This is a presentation by KFikru Tsegaye, Manager, Business Development and Corporate Services Affairs,
Ethiopian Reinsurance S.C., at the 3rd Annual East Africa Finance Summit
This is a presentation by Dr. Worku Negash Motbainor, Associate Professor, Ph.D. Program Coordinator
Ethiopian Civil Service University, at the 3rd Annual East Africa Finance Summit
This is a presentation by Mr. Muluneh Ayalew, Director, Monetary and Financial Analysis Directorate, National Bank of
Ethiopia, at the 3rd Annual East Africa Finance Summit
This is a presentation by Abert Musando, Manager, Environmental Education & Ecosystems,
Lafarge Ecosystems Limited – Bamburi Cement Ltd,
Kenya,
at the 3rd Annual East Africa Cement, Concrete and Energy Summit
This is a presentation by Engineer Osama Aly Ahmed Engineering Consultant, Rabeen Group at the 3rd Annual East Africa Cement, Concrete and Energy Summit
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just what'sapp this number below. I sold about 3000 pi coins to him and he paid me immediately.
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What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
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Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
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Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
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Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
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3. “In the period 2014 to 2017 the
share of adults with a financial
institution account remained flat,
the share with a mobile money
account almost doubled”..
World Bank Global Findex on Sub
Saharan Africa 2017
5. Progress in Financial Inclusion
90% Telco based
- Network
- Products
- Pricing
Except in
Real Time EFT
Card Payments
6. FINANCIAL INCLUSION DRIVEN BY INNOVATION IN FIVE KEY AREAS:
6Genesis Analytics team analysis, 2017; Finmark Trust; Cross-Border Remittances Study, 2016
1
2
3
4
5
Disruptive
ability
Micro credit:
• Micro credit has been a disruptor in Kenya (MShwari)
and Tanzania.
MPOS and Micro acquiring:
• Merchants are able to use their smart phones as a point of sale
Agency Banking:
• Using merchants as a way to reduce cost to serve
Mobile Money
• Led by mobile network operators
Remittance Payments:
• Mobile money reducing the cost of sending international
remittances
8. 8
MOBILE MONEY SERVICES ARE DIVERSIFYING
Bill Payments
Utility, health
bills etc.
Airtime
top-up
Paying
Merchants
International
remittances
Cash out
and
transfer
money
Savings
and credit
Government
payments
(taxes etc.)
Insurance
policies
Short term cash loan disbursed and
repaid with mobile money
Micro-credit and savings product
Jamii is a mobile management platform
for health insurance policies
To buy government bonds.
Municipalities to automate and
digitise the collection of local taxes
Airtel Money enables subscribers to
transfer money across East Africa
Vodafone M-Pesa enables Romanians to receive money
from other countries
11. 11
DISRUPTION IS COMING MORE FROM BIG TECH THAN FINTECH
32%
68%
Fees collected by banks
Split of industry payment fees in China
(%, 2017)1
Invest.
Lending
Crypto
Payments
Fintech have invaded the global banking sector,
their focus being enhanced services delivery to the
customer.
Alipay is world’s largest
money market fund
valued at US$ 243 B.1
BigTech (Facebook, Google, Amazon, Tencent
(WeChat) and Alibaba are entering the market
with pre-existing scale and client reach.
Fees collected by TPPs
12. FINTECH MOVING TO A PARTNERSHIPS MODEL
• Brand recognition
• Large customer base
• Wide range of product
offerings
• Comprehensive
customer data
• Robust infrastructure
• Advance underwriting
capabilities
• Risk management
experience
• Access to capital
• Licensed to provide
regulated financial
services
• Culture of innovation
• Nimble
• Agility and speed to
market
• Disruptive mind-set
• Lean set-up and
absence of legacy
systems
• Technological expertise
• Customer data analytics
• Specialized solutions
• Scalable
• Innovative
solutions
• Deeper analytics
driven customer
engagement
• Enhanced risk
mitigation
• Improved
product
efficiency
offering
Bank strengths
FinTech strengths
Joint
strengths
13. Table of Contents
Financial inclusion trends in Africa
Funding of financial inclusion
MNO’s and financial inclusion
Private equity funding
The Players
The Trends
The Funders
New directions
14. FUNDING FOR FINANCIAL INCLUSION
14
Capacity building for financial
services providers
Financial literacy for individual
clients and households
Financial inclusion policy and
regulation
Development of digital financial
services.
Focus areas for
international
funders
Development of payments
infrastructure
15. SSA GETS THE LION’S SHARE OF FINANCIAL INCLUSION FUNDING
15Source: 1. www.cgap.org, January 2018 |
Regional share of world funding towards financial inclusion
20%
10%
9%
24%
30%
6%
16. INTERNATIONAL FUNDERS OF FINANCIAL INCLUSION
16Source: 1. www.cgap.org, March 2018 |
Funding towards financial inclusion in
SSA
(USD billion, 2016)
20162006
1.7
4.7
+11%
Top 5 countries attracting financial
inclusion funding
5. Nigeria
1. Ethiopia
2. Kenya
3. Tanzania
4. DRC
17. THE COMPOSITION OF FUNDING HAS CHANGED
17
Multilaterals Bilaterals For profitFoundations
Country platforms Private Equity Direct grants Direct investments
MNOs Banks Fintechs Insurance