MICRO FINANCE unknown to many is the sole panacea to mass poverty eradication in human society.The blog specifically focuses on the industry around the world but with more bias on Africa-unarguably the poorest region of the world.
November 10, 2022
FINTECHS AND THE NEW WAVES OF DIGITAL REVOLUTION.PART 11
(KYC),General data protection regulation(GDPR) and a whole lot of
regulatory bodies to deal with based on divergent jurisdictions they
work with.They include office of comptroller of commerce(OCC),Consumer
financial protection bureau(CFPB),commodity futures trading
commission(CFTC) and federal deposit insurance
commission(FDIC)regulate their conduct in america.Fintech start ups
should learn from them prior to venturing and inherent regulatory risk
as they vary from country to country reduces to the barest
minimum.Moreover,fintechs niches go beyond just digital banking and
comprises of popular niches like investment management,wealth
management,digital lending,mobile banking,global money
transfers,insuretech,regtech,microfintechs dealing with digital
microcredit,loans and advances,blockchain and Artificial intelligence
based solutions,crowdfunding,emicroinsurance,eREITs,e-micropayments
and mobilepayments,financial product services.There is a lot of stuffs
to be done in the heavily untapped underbanked and the
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment