This document discusses financial innovation in Mauritius. It begins with an overview of Mauritius' transition from a sugar-based economy to having a prominent financial services sector. Financial innovation is described as the creation of new financial assets or ways of using existing assets. The types of financial innovations are outlined as product, process, and institutional innovations. Examples of innovations in Mauritius include new banking technologies and products from banks like MCB and HSBC. Barriers to innovation include a lack of skills and resources. The conclusion emphasizes that financial innovation has helped Mauritius develop its economy as a small island nation.
An investor is a person who allocates capital with the expectation of a future financial return. Types of investment include : equity , debt securities , real estates, currency , and commodity , derivatives such as put and call options, etc,
Presentation on "Capital Market"
1.definition and characteristics
2.function and players
3.importance/role and types
4.factor and structure
5.reforms and development
An investor is a person who allocates capital with the expectation of a future financial return. Types of investment include : equity , debt securities , real estates, currency , and commodity , derivatives such as put and call options, etc,
Presentation on "Capital Market"
1.definition and characteristics
2.function and players
3.importance/role and types
4.factor and structure
5.reforms and development
The presentation discusses different ways that the financial sector can contribute to economic growth. It further discusses other dependencies to economic development.
RISK & RETURN UNDER SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT IS DESCRIBED, ALL THE DETAILED EXPLANATION OF TOPIC IS GIVEN UNDER THIS DOCUMENT.
CAN ALSO REFERRED FOR FINANCIAL MANAGEMENT, INSURANCE.
Microfinance Institutions: The Peruvian Model of Financial Inclusion for Lati...Aurelio Reynaldo Susano
The experience with microfinance in the Peruvian institutions is of great international success by development market and internal performance, as well as its regulatory framework in the last ten years.
The presentation discusses different ways that the financial sector can contribute to economic growth. It further discusses other dependencies to economic development.
RISK & RETURN UNDER SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT IS DESCRIBED, ALL THE DETAILED EXPLANATION OF TOPIC IS GIVEN UNDER THIS DOCUMENT.
CAN ALSO REFERRED FOR FINANCIAL MANAGEMENT, INSURANCE.
Microfinance Institutions: The Peruvian Model of Financial Inclusion for Lati...Aurelio Reynaldo Susano
The experience with microfinance in the Peruvian institutions is of great international success by development market and internal performance, as well as its regulatory framework in the last ten years.
AlHuda CIBE is pleased to announce its upcoming event the "African Interest-free Banking and Finance Forum" on 6th February, 2019 followed by Post Event Workshop “Interest-Free Banking & Finance, Insurance & Microfinance” on 7th - 8th February, 2019 at Addis Ababa, Ethiopia. The aim of this forum is to address the latest trends, challenges, and opportunities in Finance Industry of Africa.
lThis presentation includes the historical background of steps taken to implement Islamic Financial system in Pakistan. it also highlights the current challenges, probems and solutions
AlHuda CIBE is going to organize "CIS - Islamic Banking and Finance Forum" on 02 May, 2019 along with "Two days post event workshop on Islamic Banking, Takaful and Islamic Microfinance" on May 03 – 04, 2019 at Tashkent, Uzbekistan
ISLAMIC ACCOUNTING PRACTICES - THE IMPORTANCE OF ISLAMIC CAPITAL MARKET IN MA...Nur Adillah Arifah Nazri
Capital markets are an important component of the financial system for raising funds for long-term investment. They provide opportunities for diversification of risk through cross-sectional risk sharing. The long-term investments are facilitated through a series of short-term contracts in the form of tradable securities enabling the investors an opportunity to exit or enter through trade. Thus they provide an element of liquidity to the otherwise illiquid assets. The secondary market also provides pricing and valuation of assets on a continued basis thus eliminating arbitrage and inefficiencies
Steps in Creating Global Islamic Money Markets: Why is it Important to Medite...ASCAME
Conference given during the first Arabic Finances Summit in Barcelona, part of the Mediterranean Week of Economic Leaders that took place on November 21st 2013. Issam Al Tawari Chairman & Managing Director Rasameel Structured Finance in Kuwait, is the author.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
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 telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
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how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
1. F i n a n c i a l
I n n o v a t ion
in
Mauritius
AKR
2. Overview
•
MAURITIUS WITHOUT FINANCIAL
INNOVATION
WHAT IS FINANCIAL INNOVATION
•
INNOVATION AND CRISIS
•
TYPES OF FINANCIAL INNOVATION
•
INNOVATION IN ISLAMIC BANKING
•
CLASSIFICATION OF FINANCIAL
INNOVATIONS
•
INNOVATION IN MAURITIUS AND IN OTHER
COUNTRIES
•
EXAMPLES OF FINANCIAL
INNOVATION
•
INNOVATION IN MAURITIUS VS INNOVATION
IN U.S
•
CAUSES OF FINANCIAL
INNOVATION
•
FINANCIAL INNOVATION IN MAURITIUS VS
INNOVATION IN MALAYSIA
•
BENEFITS OF FINANCIAL
INNOVATION
•
INNOVATION IN MAURITIUS VS INNOVATION
IN TOGO
•
CRITICISMS OF FINANCIAL
INNOVATION
•
POTENTIAL BARRIERS TO INNOVATION
•
CURRENT AND FUTURE TRENDS
•
MAURITIAN FINANCIAL SYSTEM
•
3. Mauritian Financial System
• Once a poor sugar production-based country.
• Today, the island is at the dawn of a new era:
• The financial services sector is one of the most important economic
pillars.
• The future of this sector is very promising.
• With evolving markets & international financial competition and
ever-changing demand of consumers, our financial market becomes
an obsolete one without proper and timely modification.
• This is where financial innovation comes into play.
4. What is Financial Innovation?
• Basically, financial innovation refers to the creation of new
financial assets or new ways to use existing financial assets.
• A broad term and a much wider phenomenon than just new physical
products or a new technology. E.g. Model T Ford, launched in 1908.
• different from what has gone before
• extremely desirable in the long run
• A dominant feature of the modern financial system.
5. Types of financial innovations
Three types of financial innovations:
1. Product innovation - Introduction of a good or
service or improvements made to existing
products.
2. Process innovation - execution of a new or
considerably improved production or delivery
method.
6. Types of financial innovations
3. Institutional innovation - Creation or
changes in organizational structures, the setting
up of new types of financial intermediaries, or to
changes in the legal and supervisory framework.
7. Classification of Financial Innovation
Market broadening instruments
Risk management instruments
Arbitraging instruments and processes
8. Classification of Financial Innovation
Market broadening instruments - increase the
size and depth of markets.
• Increase liquidity of the market.
• Attract new investors and offer new
opportunities for borrowers.
9. Classification of Financial Innovation
Risk management instruments - are
instruments which reallocate financial risks to
those who are less averse to them, or who
have offsetting exposure and thus are
presumably better able to shoulder them.
10. Classification of Financial Innovation
Arbitraging instruments and processes - are
instruments which enable investors and
borrowers to take advantage of differences in
costs and returns between markets, and which
reflect differences in the perception of risks as
well as in information, taxation and
regulations.
11. Examples of financial innovation in
Mauritius
• The Mauritius Commercial Bank
–Internet Banking
–ATM (1987)
–Juice
–Mobile Banking
–MCB Select
12. Examples of financial innovation in
Mauritius
• The Hong Kong & Shanghai Banking
Corporation (HSBC) Ltd
–AssetVantage
–Islamic banking services
13. Examples of financial innovation in
Mauritius
• SBI International Ltd
–Teacher Plus
–Health Plus
• CHEQUE TRUNCATION
• POLYMER BANKNOTES
14. CAUSES OF FINANCIAL INNOVATION
• Tax and Regulations
• Imperfections-asymmetric information
• Variations in inflation, interest rate
• Increase in Government deficits
• Advancement in technology
• Increase in competition
15. BENEFITS OF FINANCIAL INNOVATION
• Reduction in transaction costs
• Moving funds across time and spacecomplete markets
• Managing risks and the pooling of funds
• Boosting economic growth and development
• Facilitating the sale and purchase of goods
and services through a payment system
• Addressing moral hazard and asymmetric
information problems
16. CRITICISM OF FINANCIAL INNOVATION
• Speculation
• Recession- Financial crisis
• Exploitation of consumers
• Financial instability
17. MAURITIAN FINANCIAL SYSTEM
WITHOUT FINANCIAL INNOVATION
• Without Financial Innovation, Financial Sector
would not be able to perform its core
function: Intermediation
• Concentration on the primary and secondary
sectors of production.
• Difficulty in coping with the trading ways of
other countries.
• FDI would be low → to low investments, BOP
deficit, increasing unemployment.
18. MAURITIAN FINANCIAL SYSTEM
WITHOUT FINANCIAL INNOVATION
• Example: ATM
Had it not been introduced, what would have
been the effects?
• Consumption pattern → low leading to a
reduction in production, thus reducing
economic efficiency.
• Standard of living would have been very poor.
19. FINANCIAL INNOVATION AND CRISIS
• The economic crisis that started in 2007 has negatively
affected business innovation and research and development
in all countries.
• Firms resorted to securitisation, one example of a risk
management financial innovation.
• It contributed to the financial crisis of 2007.
20. FINANCIAL INNOVATION IN
ISLAMIC BANKING
Islamic financial innovation can be defined as
the process of utilizing Islamic legal contracts in
new ways to develop financial products that are
in compliance with Shariah and at the same
time produce economic effects which other
financial products have on the economy.
21. FINANCIAL INNOVATION IN
ISLAMIC BANKING
• Islamic Private Equity Funds
It is similar to the Islamic mutual fund, but here the
investments are made in unlisted companies. Venture
Capital and Private Equity are ideal Islamic compliant
investment structures and are based on the conventional
Private Equity Fund.
23. FINANCIAL INNOVATION
Mauritius V/s United States
• U.S is considered to be the best in all
Economic reports compared to Mauritius.
• Money and capital markets → largest and
most highly developed in the world.
• Mauritius - relatively well-developed financial
system than other African developing
countries.
• The securities markets are shallow.
24. FINANCIAL INNOVATION
Mauritius V/s United States
• U.S provoked the 2007/08 financial crisis, caused
by financial innovation, not Mauritius.
How and why not Mauritius?
• Supervisory bodies: the Board of Investment, the
Central Bank, the Competition Commission.
• International bodies: International Monetary
Fund, the World Bank.
• Amendments and creation in the Mauritian legal
system: the Finance Act 2011, Banking Act 2004.
25. FINANCIAL INNOVATION
Mauritius V/s United States
• Unlike Mauritius, U.S found itself trapped for
about three years.
• Excessive lending.
• Collapse of Lehman Brothers and the
American Investment Group.
• Risk management failures in many financial
firms and deficiencies in the regulatory
oversight.
26. Financial Innovation
Mauritius V/s Malaysia
• Malaysia has trained Mauritius on Islamic
banking.
• Innovation in Mauritius has virtually been in
line with innovation in Malaysia.
27.
28. Financial Innovation
Mauritius VS Togo
• Togo has a poor human development index
compared to Mauritius
• Togo has not been able to face the recent
economic downturn compared to Mauritius
• Financial Innovation is more boldly present in
Mauritius than in Togo
• Better regulations in Mauritius than in Togo
29.
30. POTENTIAL BARRIERS TO FINANCIAL
INNOVATION
• Lack of opportunities given to employees by managers and
unskilled managers
• Lack of time and capital
• Ineffective commercialization and execution of products (unfit
management of advertising)
• Standards
• Cost and complication of patents and Intellectual Property Rights
protection
• Potential barriers to Financial Innovation
31. Trends of Financial Innovation
• Wide range of financial services are being
provided due to financial innovation
• Insurance sector and banking sector are being
more dynamic
• Corporate finance, risk management and
financial data processing are being provided.
32. CONCLUSION
Financial innovation has indeed helped
Mauritius to develop its economy to a great
extent.
As a small island economy, we cannot believe
that we cannot innovate – otherwise we will die.