Bandhan began as a small economic non-profit in West Bengal, India. Its mission: alleviate poverty. Its founders believed that the best way to accomplish this mission would be to open up avenues of economical empowerment to disadvantaged women. This way, they reasoned, these women would not only lift themselves up out of poverty, but would also become engines of economic growth within their communities. By assuring the prosperity of families and communities, Bandhan’s vision for systemic economic improvement would become a reality.
Mobile Phones are an Important Link
Mobile phones provide Africans with the only opportunity to stay in touch with friends and family, as well as to access important services. Decades ago, mobile communications companies began to invest in infrastructure in Africa, improving quality and expanding market reach. Therefore, no matter where you go in Africa today, you will see people with mobile phones. And, through the mobile phone, comes the greatest potential for reversing the cycle of poverty in Africa.
Is Fintech Opening The Financial Markets up to Risk?
The Financial Stability Review (SFR) this year saw the Central Bank Monetary Authority of Singapore (MAS) highlight potential consequences of fintech innovations. Known as a country with lenient regulations and strong support from its government, Singapore has fast become a fintech pioneer. But while these innovations have been flourishing in Singapore, just like it has in other developed and developing countries across the globe, it’s important to consider both the positive and negative aspects of the movement.
Because of the significant role played by the settlement department in any big company, it is vital that it is given the support required to maintain the company’s credit rating, risk rating, solvency and cash flow. Through technological advances, corporate tasks are being improved and made faster and easier.