Over the next 15 months, Africa is set to receive a total of $50bn towards its economic recovery from the World Bank, which has identified the protection of the region's small and medium-sized enterprises (SMEs) as essential to its economic bounce-back from the coronavirus. Financial technology (fintech) has a key role...
To invest means to allocate money into a venture with the expectation of some benefit in the future. The expected benefit in an investment is often referred to as return. Usually, investments may come in the form of ownership investments, lending investments, near cash investments, business investments, precious objects...
…Banks and institutions that seek to revamp their digital frontiers with bouquet of digital platforms will cruise with efficiency, speed, consistency and appreciable returns
The world is evolving and things happen when you are not looking (interesting). Leadership researchers affirm that we are living in constant crises. Thus we live...
Navigating the storms of the new normal with digitalisation in the wake of COVID-19; a test case for indigenous banks
“No product is made today, no person moves today, nothing is collected, analyzed or communicated without some ‘digital technology’ being an integral part of it. That, in itself, speaks to the overwhelming,...
“It's entirely unacceptable for digital banking to displace the customer/financial institution relationship… The goal is building customer loyalty and extending the trusted relationship from the physical realm of brick and mortar to the digital realm.” ….. Mark Kilpatrick.
I dedicate this article to all banks, finTechs and telcos who are making...
Before parties or entities enter into a credit agreement or transaction of any nature, such parties or entities would want to satisfy themselves that there would be something they can fall on in the event that a party defaults or is unable to perform their obligations. Hence, most credit...
The global Corona Virus pandemic has been the ultimate measure of character and competency for leaders in all industries. More especially in the financial technology and banking industry, executives have had to take on enormous responsibilities to maintain financial stability and protect jobs in these uncertain times. The big...
Without doubt, our world will never be the same after COVID-19, which has so far claimed five hundred thousand plus precious lives worldwide, according to Johns Hopkins University in the US and over one hundred recorded in Ghana by the Ministry of Health (MoH) since February 2020.
With no vaccine...
The COVID-19 pandemic could be a game changer for digital financial services. Low income households and small firms can benefit greatly from advances in mobile money, fintech services and online banking. Financial inclusion as a result of digital financial services can also boost economic growth. While the pandemic is...