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What telco mobile money licenses mean for Nigeria’s financial services sector

CIO Business Intelligence

That may change as telecommunications companies such as Airtel and MTN jump into the mobile money market, after recently receiving licenses to do so. Nigeria’s mobile money landscape, however, has been dominated by banks and other financial services companies. Mobile money is not entirely new to Nigeria.

Licensing 111
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Peer-to-peer banking - Trends in the Living Networks

Trends in the Living Networks

The principle is simple – you lend to individuals at interest rates based on their credit rating, and since you’re cutting out the bank as middleman, both lender and depositer get more attractive interest rates than they can get commercially. Banks are the archetypical intermediary, in this case between depositers and lenders.

Banking 83
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Solarflare’s Open Compute Platform, Software-Defined, NIC Card

CTOvision

Solarflare, a global leader in networking solutions for modern data centers, is releasing an Open Compute Platform (OCP) software-defined, networking interface card, offering the industry’s most scalable, lowest latency networking solution to meet the dynamic needs of the enterprise environment. Marty Meehan.

Software 194
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Sell-side banks become consultants - Trends in the Living Networks

Trends in the Living Networks

As such, the emerging domain of algorithmic trading – which largely automates trade execution – is in fact providing new ways for investment banks to create high-value relationships with the clients. However even greater value can be created by adding explicit value to clients’ decision-making processes.

Banking 60
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Paul G. Allen Family Foundation giving $1.4M in COVID-19 relief aimed at underserved communities

GeekWire

WA Food Fund , a statewide initiative launched to support food banks across the state to meet the high demand for food assistance as a result of the pandemic. The data from the online survey will help inform public agencies and food banks about the needs of people experiencing economic and food insecurity. Pride Foundation ?

Licensing 144
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Building Identity Systems on the Sovrin Network

Phil Windley

Summary: An identity metasystem like the Sovrin Network provides the foundation for creating tens of millions of interoperable identity systems for every conceivable context and use. This metasystem is in effect a system of systems that exposes a unified interface much like a device driver or network socket does.

System 86
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Self-service: From the living room to the enterprise

CTOvision

It’s now common practice to perform a variety of banking tasks from home. Using a self-service portal, for instance, employees can request their own access to applications, network shares, functional mailboxes and distribution lists. By Robert Doswell. Individuals also can arrange insurance with one click.