Displaying items by tag: CoopTech COS

Financial inclusion is where individuals and businesses have access to useful and affordable financial products and services that meet their needs that are delivered responsibly and sustainably. Financial inclusion is defined as the availability and equality of opportunities to access financial services.

The global economy will likely contract by over 5 per cent in this year 2020 due to the impact of COVID-19, according to the recently released Global Economic Prospects. The deepest global recession in eight decades is sending hundreds of millions into poverty, and recovery appears to be far off. Still, the crisis has encouraged incentives for economic transformation and adoption of digital business models, including increased use of digital financial services (DFS).

Financial technology is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance

The advent of smart analytics allows financial services companies to mine the wealth of consumer data to understand and service customers better. Technology has also helped organizations develop innovative financial services. The development of better payment systems is a key challenge for organizations.

Mikutano ya mwaka ya Benki ya Dunia (WB) na Shirika la Fedha la Kimataifa (IMF), iliyofanyika mjini Bali Indonesia ambapo imewakutanisha wadau wa masuala ya fedha wakiwemo Mawaziri wa Fedha na Magavana wa Benki Kuu kutoka nchi mbalimbali Duniani kujadili Sera na misaada inayotolewa na Taasisisi hizo.