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10 Reasons Why Singapore Is The Next Big City for fintech

TECHINASIA: When we decided to relocate the Life.SREDA fund from Russia, a number of countries – Great Britain, Estonia, Latvia, Hong Kong, Singapore – invited us to move there and do business with them. Here are some reasons, according to my expertise, why Singapore is the best place in the world for financial innovation: (more…)

InspirAsia, Singapore

June 11, 2015

Bill Gates: Can Mobile Banking Revolutionize The Lives Of The Poor?

THE VERGE: Guest editor Bill Gates. In the village of Sori along the banks of Kenya’s Lake Victoria, fishing has long been the lynchpin of the local economy. Jobs here are largely divided by gender: men catch the fish, and the women process the meat, take it to market, and handle finances. As detailed in a 2012 study from the SIT Graduate Institute, residents of Sori traditionally kept their money at home. Theft was a constant concern, and many of the women interviewed reported their husbands misappropriating their savings. For many, traditional banks were either too far away, or demanded minimum deposits the villagers could not afford. (more…)

Fintech news, Mobile payments/banking, news

April 3, 2015