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How the System Crushes the Poor

Building on yesterday’s discussion of the digital divide turning into a human divide*, I find it intriguing how we talk incessantly about financial inclusion and how technology will bank the unbanked.  It is our dream.  But is it just a dream?

The reason for thinking this is that poverty and inclusion is yet another area, like identity and clearing and settlement, where technology is not the solution.  It can assist in creating a solution, but it’s just part of the solution.  The first part – before the technology – is the willingness to  use the technology to create a solution.

Monday, September 5, 2016 - 11:28
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Duo Security Honored in The Cloud 100

Duo Security, a cloud-based trusted access provider protecting the world's largest and fastest-growing companies, has been named to The Cloud 100, the top 100 private cloud companies in the world, published by Forbes.

Monday, September 5, 2016 - 11:24
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gavin.s.lonsdale@jpmorgan.com
Monday, September 5, 2016 - 11:01
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Aquila Capital Welcomes Daniel Just to its Advisory Board

Aquila Capital is expanding its advisory board with the appointment of Daniel Just, chairman of the executive board at Bayerische Versorgungskammer (BVK), Germany’s largest public pension fund.

Mr. Just has chaired the executive board at BVK since 2013 and previously headed BVK’s asset management division. Under his tenure the pension fund established real asset investments as an integral part of its portfolio allocation and was one of the first signatories to the UN principles for responsible investment (UN PRI).

Monday, September 5, 2016 - 11:00
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Kashcoin Unveils its Music Industry Focused Cryptocurrency

Kashcoin is announcing the launch of their Music industry focused cryptocurrency. The currency will be available for trading on multiple cryptocurrency exchanges starting this week.

Monday, September 5, 2016 - 10:52
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UnionPay Credit Cards Accepted by Over 80% of Merchants in the US

It is learnt on September 1 that almost all the ATMs in the US accept UnionPay cards for cash withdrawal and over 80% of the local merchants accept UnionPay credit cards. In tourists' favorite destinations likeNew York, Hawaii, San Francisco, Los Angeles, Orlando and Chicago, UnionPay's acceptance coverage in well-known shopping centers and Outlets has exceeded 90%. With one UnionPay debit card and one UnionPay credit card (card numbers both start with 62), cardholders can pay with ease and benefits in the US.

Monday, September 5, 2016 - 10:40
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BME and BBV Start Up The Bolivia Stock Exchange´S Trading Platform

Bolsa Boliviana de Valores (BBV) and BME have started up a new trading platform for the Latin American venue as part of the market’s upgrade. 

The new IT system, called SMART BBV, was designed and developed by BME and supports several markets operated by the Group, including equities and fixed income. 

The start-up of SMART BBV helps the Bolivian stock market move forward with the technological and functional upgrade of its markets for financial instruments. BME helped with the roll-out, as well as maintenance and support. 

Monday, September 5, 2016 - 10:28
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WEX Enters into Agreement with Ypsilon.Net AG

WEX, a leading provider of corporate payment solutions, has today announced that they have entered into an international agreement with Ypsilon.Net AG, a global provider of internet travel technology and payment solutions for airlines, consolidators, travel portals and travel agencies. With the agreement in place, WEX is expanding its presence within the travel payment space in Germany.

Monday, September 5, 2016 - 09:00
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Avelacom Unveils New Point of Presence in DataSpace Data Center Bringing Faster Access to Russia’s Securities and FX Markets

Avelacom, a global network operator, has established a new point of presence (PoP) in DataSpace facilities to be in close proximity to Moscow Exchange (MoEx) and to optimize its customers’ access to the exchange’s electronic systems.

DataSpace, Russia’s first Uptime Institute certified Tier III Gold data center, is recognized for its peerless level of security, reliability and operational excellence, will begin serving as a primary data center facility for MoEx from November 2016.

Monday, September 5, 2016 - 08:32
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ian@iangalliguez.com
Monday, September 5, 2016 - 07:12
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