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Content type: Long Read
Introduction
Technology has driven a number of changes in the way that financial services are packaged and accessed by consumers. These changes have led to the rise of fintech, a data intensive industry that has been touted for its convenience and as an alternative to traditional financial services.
The current article looks at the use of digital loan Apps in Philippines and Kenya and contextualises the global discussions on fintech which we have been monitoring for some years. Research…
Content type: Examples
After four years of negotiation, in 2017 Google began paying Mastercard millions of dollars for access to the latter's piles of transaction data as part of its "Stores Sales Measurement" service. Google, which claimed to have access to 70% of US credit and debit cards through partners, said that double-blind encryption prevents both partners from seeing the other's users' personally identifiable information. Mastercard said the company shares transaction trends with merchants and their service…
Content type: Case Study
Financial services are collecting and exploiting increasing amounts of data about our behaviour, interests, networks, and personalities to make financial judgements about us, like our creditworthiness.
Increasingly, financial services such as insurers, lenders, banks, and financial mobile app startups, are collecting and exploiting a broad breadth of data to make decisions about people. This is particularly affecting the poorest and most excluded in societies.
For example, the decisions…