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Angel L. Apr 15, 2022
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Last active over 7 days
I find the M-PESA model of combining physical money with electronic money fascinating in terms of how it has helped countries in Africa move money around in a controlled and safe way. Bringing an element of banking to a huge unbanked population.

What are your thoughts? Do you have other examples of e-money style services helping the underbanked / unbanked people of the world.

#fintech #innovation #payments #underbanked #unbanked
2022 04 15 10 11 22
  2 comments
Alexis C. B. May 2, 2022 -10:18AM 2/ The responsibility for that kind of fraud risk management framework rests with the telecom companies and the super agents (typically banks).
Alexis C. B. May 2, 2022 -10:16AM Hi, Angel. I investigated one of the first mobile money (M-PESA) cases in Uganda, Africa. From a fraud risk management perspective there are inherent risks at the bank level (super agent), the store level (agent), the customer level (end user), and even at the telecom itself. There are a lot of benefits for the unbanked to transfer minutes rather than pay cash for a transaction. In some countries, it is pervasive enough that they can buy a bus ticket, purchase groceries, pay for services, buy gas, etc. using this alternative remittance system (ARS). This is especially helpful to those that live in remove villages. My word of caution would be that this kind of ARS needs a fraud risk management framework just like any other asset.
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Angel L. Apr 14, 2022 (edited)
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Last active over 7 days
Britain wants to lead the way in crypto. Thinking about minting their own NFT.

Article published on CNBC - https://www.cnbc.com/2022/04/04/uk-to-mint-its-own-nft-and-push-forward-with-crypto-regulation.html

#crypto #crptocurrency #nft #blockchain #fintech #financialservices #innovation
2022 04 14 13 12 07
 
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Angel L. Apr 11, 2022
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Looking forward to returning to Stockholm in June for our third Stockholm Business Networking Lunch cruise with our international and Nordic fintech communities.

Let's meet in Stockholm on June 16th and 17th.

Registration opens tomorrow - https://www.eventbrite.com/e/fintech-connector-stockholm-networking-lunch-cruise-vip-dinner-registration-318586198897

#fintech #networking #event #stockholm #sweden
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Elena A. Apr 17, 2022 - 6:35AM and me!
Master C. Apr 15, 2022 - 2:56PM (edited) Who is joining us in Stockholm Kenneth Carl Ramos Angel Lorente Adam Ull 
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