For this week’s research article, we dive into new insights on fintech market, banking, insurance, payments, trends, diversity in fintech and more. Happy reading!
Keeping kids in school: How fintech is helping parents in Nairobi’s densest slum (Zawya)
A UNESCO study found that there were still over 1.1 million primary school aged children out of the classroom last year across the country. Kenya country study found that there were still over 1.1 million primary school aged children out of the classroom last year across the country. Furthermore, British Council analysis of pre-pandemic data found that one out of seven primary school-aged children and one out of two secondary school-aged teens were out of the classroom. Research highlights that out-of-school kids and dropouts are most prevalent in isolated rural communities and crowded urban slums. Read more.
TIN’s Inaugural Fintech Insights Report Provides Deep Dive Into $2 Billion Financial Technology Export Sector (Scoop)
Technology Investment Network (TIN), with the support of FinTechNZ, has today released New Zealand’s first ever Fintech Insights Report, offering a deep dive into one of the country’s fastest-growing tech export sectors, with global revenues of nearly $2 billion. The inaugural report provides a close look at the country’s Fintech export sector based on data from TIN’s 2021 survey results, including size and significance, key export markets, investment challenges and opportunities, along with a comprehensive directory of 84 early-stage Fintech companies based in New Zealand. Read more.
Dallas Fintech Gig Wage Helps Freelance and Contract Workers Find Financial Stability (Dallas Innovates)
The Dallas-based startup, in partnership with Austin fintech Green Dot Corporation and national nonprofit Commonwealth, has spent the past few months working on a study to find which types of “financial interventions” best help provide financial security and increase inclusion to low- and moderate-income gig workers. Read more.
How fintech solutions can support small exporters (Gulf Business)
In today’s world, reaching new markets by developing unique products and expanding operations, is critical. But funding these goals requires access to the most suitable financing options – at the right time. Fintech startups have emerged to help businesses fund global partnerships and secure digital trade financing through game-changing non-recourse factoring. According to an Asian Development Bank (ADB) study, rejection rates for trade finance reached record highs in 2020, with the gap between demand and supply currently at $1.7tn – a 15 per cent rise compared to the previous estimate of $1.5tn in 2018. Read more.
ADGM Academy links with Singapore University to promote collaboration in fintech education (Finextra)
Abu Dhabi, UAE: Abu Dhabi Global Market Academy (ADGM Academy), the educational arm of Abu Dhabi Global Market has announced the signing of Memorandum of Understanding (MoU) with the National University of Singapore’s Asian Institute of Digital Finance (AIDF). Under the framework of the MoU, ADGM Academy and AIDF will collaborate to bring thought leadership to the fintech community and strengthen the Fintech ecosystem in Abu Dhabi and beyond. The two entities will conduct research into deep-tech solutions to real-world problems facing the financial services sector within the core themes of Cybersecurity, Artificial Intelligence, Credit, Big Data Analytics, Digital Transformation, and Sustainable Finance. Read more.
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