fintech – Karma https://karmaimpact.com Advancing people, planet and profit. Fri, 20 Mar 2020 15:24:59 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 Coronavirus Market Selloff Tests Robo-Advisors as Financial Advisors Field Client Calls /coronavirus-market-selloff-tests-robo-advisors-as-financial-advisors-field-client-calls/ /coronavirus-market-selloff-tests-robo-advisors-as-financial-advisors-field-client-calls/#respond Wed, 11 Mar 2020 07:01:39 +0000 /?p=15188 As AI disrupts the financial industry, the current stock selloff is testing assumptions about the industry’s future and showing the need for human skills. Robo-advisors increasingly important to younger investors and big banks are adapting to the demand. While lower-wage workers are often the victims of tech revolutions, a recent Brookings Institute study concludes AI […]

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]]> /coronavirus-market-selloff-tests-robo-advisors-as-financial-advisors-field-client-calls/feed/ 0 Dark Side of Microloans: Poor Kenyans Defaulting Under Sky-High Rates, Report Says /dark-side-of-microloans-poor-kenyans-defaulting-under-sky-high-rates-report-says/ /dark-side-of-microloans-poor-kenyans-defaulting-under-sky-high-rates-report-says/#respond Thu, 13 Feb 2020 23:12:16 +0000 /?p=14894 The dark side of making microloans to the poor is on display in Kenya, where small borrowers are defaulting on loans from Tala, a U.S. fintech firm that claims to lift customers with a dream out of poverty, Bloomberg Businessweek reported. Tala makes loans of $10 to $500 using a smartphone app that instantly offers […]

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]]> /dark-side-of-microloans-poor-kenyans-defaulting-under-sky-high-rates-report-says/feed/ 0 AI Revolution Has Financial Firms in Sights, and Leaders See Profound Change Around the Bend /ai-revolution-has-financial-firms-in-sights-and-leaders-see-profound-change-around-the-bend/ /ai-revolution-has-financial-firms-in-sights-and-leaders-see-profound-change-around-the-bend/#respond Wed, 05 Feb 2020 02:52:22 +0000 /?p=14775 As artificial intelligence worms its way into healthcare, entertainment and nearly every other facet of business, financial service leaders expect they are next and see far-reaching effects roiling the industry within the next two years. Almost four out of five senior executives at financial firms and fintech companies said AI will be of major strategic […]

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]]> /ai-revolution-has-financial-firms-in-sights-and-leaders-see-profound-change-around-the-bend/feed/ 0 JPMorgan’s Pinto Sees ESG Gaining Momentum Over Next Decade /jpmorgans-pinto-sees-esg-gaining-momentum-over-next-decade/ /jpmorgans-pinto-sees-esg-gaining-momentum-over-next-decade/#respond Fri, 27 Dec 2019 20:18:47 +0000 /?p=14409 What will J.P. Morgan’s Daniel Pinto be watching next year? ESG opportunities for clients and whether or not upstart digital banks like Revolut and Monzo grow into formidable competitors. “I don’t go to a single client meeting where this (ESG) issue doesn’t come up in some form,” Pinto, JPMorgan’s co-president and co-chief operating officer, said […]

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]]> /jpmorgans-pinto-sees-esg-gaining-momentum-over-next-decade/feed/ 0 Can This Digital Payment Card Win Over Gen Z Clients? Not So Fast. /can-this-digital-payment-card-win-over-gen-z-clients-not-so-fast/ /can-this-digital-payment-card-win-over-gen-z-clients-not-so-fast/#respond Fri, 08 Nov 2019 17:00:28 +0000 /?p=13637 Key Takeaway: Mitto hopes that its digital payment card wins over Generation Z clients in Spain, Latin America, and the E.U., but heavy competition and an underwhelming history with prepaid debit cards might put the breaks on its global expansion. Mitto, a Spain-based company tailoring its digital payment cards exclusively to Generation Z, wanted to […]

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]]> /can-this-digital-payment-card-win-over-gen-z-clients-not-so-fast/feed/ 0 London Moves to Top Spot in Fintech Deals, But San Fran Still Hauls in Most Money /london-moves-to-top-spot-in-fintech-deals-but-san-fran-still-hauls-in-most-money/ /london-moves-to-top-spot-in-fintech-deals-but-san-fran-still-hauls-in-most-money/#respond Mon, 23 Sep 2019 20:39:14 +0000 /?p=12265 Key Takeaway: It should come as little surprise that the City of London is a magnet for fintech, though it may be challenging for the capital to repeat this feat next year, given the current uncertainty over Brexit. London led the world in the number of financial technology deals this year through the first eight […]

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]]> /london-moves-to-top-spot-in-fintech-deals-but-san-fran-still-hauls-in-most-money/feed/ 0 Russia’s Fintech Booms As Smartphone-Savvy Grandmas Go Cashless /russias-fintech-booms-as-smartphone-savvy-grandmas-go-cashless/ /russias-fintech-booms-as-smartphone-savvy-grandmas-go-cashless/#respond Mon, 19 Aug 2019 21:40:42 +0000 /?p=11419 Russians are increasingly using mobile wallets to pay for groceries and bills as cashless technologies disrupt the financial services industry, extending their reach across the world’s largest country. The number of purchases made with smartphones has jumped nearly threefold over the past year, according to Yandex.Money, the largest online payment service in the country. Russia […]

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]]> /russias-fintech-booms-as-smartphone-savvy-grandmas-go-cashless/feed/ 0 Finimize App Seeks to Build Community Among Newsletter Readers /finimize-app-seeks-to-build-community-among-newsletter-readers/ /finimize-app-seeks-to-build-community-among-newsletter-readers/#respond Fri, 19 Jul 2019 17:13:06 +0000 http://karmaimpact.com/?p=10236 Finimize, a newsletter offering financial advice for millennials, has launched a new app on Thursday, making a shift from a financial content distributor and venturing deeper into the crowded financial literacy space. The mobile app will teach finance in a step-by-step manner much the same way the popular meditation app Headspace offers deep relaxation techniques. […]

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]]> /finimize-app-seeks-to-build-community-among-newsletter-readers/feed/ 0 OakNorth, U.K.’s Most Valuable Fintech, Is Lining Up Bank Deals /softbank-backed-oaknorth-u-k-s-most-valuable-fintech-lands-5-year-gig-with-nibc/ /softbank-backed-oaknorth-u-k-s-most-valuable-fintech-lands-5-year-gig-with-nibc/#respond Tue, 02 Jul 2019 21:40:28 +0000 http://3.222.249.12/?p=9777 OakNorth, backed by SoftBank, inked a five-year deal with Dutch bank NIBC, as traditional lenders are eager to team up with innovative startups and find AI and data-driven solutions that make the process of borrowing money more seamless and efficient.   The agreement announced on Tuesday is the first since OakNorth in February hauled in […]

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]]> /softbank-backed-oaknorth-u-k-s-most-valuable-fintech-lands-5-year-gig-with-nibc/feed/ 0 What Is Driving J.P. Morgan’s Global Fintech Ambitions /what-is-driving-j-p-morgans-global-fintech-ambitions/ /what-is-driving-j-p-morgans-global-fintech-ambitions/#respond Fri, 28 Jun 2019 21:51:06 +0000 http://3.222.249.12/?p=9708 If J.P. Morgan Chase & Co.’s latest moves around the world are any indication, the world’s sixth-largest bank is getting anxious and wants to be at the forefront of the global banking revolution sweeping fintech and digital currencies. Just this week Sky News reported that the lender is planning to buy a minority stake in […]

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