InnovationAfrica

Shaping the Future Today


Archives for Tag: financial innovation

Cost vs. Tech

 As part of NextBillion Financial Innovation‘s launch, we invited a number of top innovators and leaders to contribute their views on financial innovation – what’s driving it, where momentum is heading, and what obstacles remain. Today, Anurag Agrawal, CEO of Intellecap, lays out the core isssues involved in bringing low-cost financial products to customers at the base of the pyramid. […]

Innovation and the global financial crisis – systemic consequences of incompetence

The article applies the concept of incompetence by Polanyi (1962) and the concept of unintended consequences by Merton (1936) to explore the development of a radical financial innovation, securitisation. This innovation changed the context for all actors in the financial industry to such a degree that even the highest regarded experts repeatedly made prediction errors. […]

Open up the Space: Leveraging Mobile Tech for Financial Inclusion

The internet did not grow by having established old media companies jumping at the fantastic new opportunities offered by the new medium. For a long time they resisted giving their customers the convenience of immediate online access to their products; they resisted letting their customers tinker with the format (the newspaper, the CD, the TV […]