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samiatazi

4 FinTech companies in Nigeria transforming the financial space - 0 views

ibsintelligence.com/...ansforming-the-financial-space

Fitechs Nigeria Carbon Human-rights

shared by samiatazi on 13 Feb 21 - No Cached
  • Carbon belives that access to credit and quality financial services is a human right. Its mission is to empower all people with the financial access they need to pursue a life of dignity and prosperity. The FinTech empowers individuals with access to credit, simple payments solutions, high-yield investment opportunities, and easy-to-use tools for personal financial management. Interest ranges from 1.75% – 30%, with an equivalent monthly interest rate of 1 – 21%. The Annual Percentage Rate (APR) on a Carbon loan ranges from 23 – 60.8%. The company recently launched its services in Kenya and is expanding its footprint to additional African countries.
    • samiatazi
      samiatazi on 13 Feb 21
       
      Carbon believes that it is a human right to access credit and financial standard resources not an exclusive service provided by institutions to specific personas.
hindelquarrouti

The Rise of the Robo-advisor: How Fintech Is Disrupting Retirement - Knowledge@Wharton - 2 views

knowledge.wharton.upenn.edu/...-fintech-disrupting-retirement

Strategy robo-advisors fitech

shared by hindelquarrouti on 13 Feb 21 - No Cached
  • Robos came on the scene about a decade ago, and two early startups were Wealthfront and Betterment. Today, there are dozens of robos in the market, Fisch said. There are pure robo services, as well as those that offer the option of talking to a human advisor, with or without an extra fee. Since they’re automated, robos can more easily avoid conflicts of interest that could beset a human advisor, who might push investments that pay the highest commissions.
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      Having Robo-advisors in EasyEquities would prevent the risk of having conflicts with "human" advisors. Digital assistance is the key.
  • Robo fees can range from zero — if the investor has less than $10,000 to invest — to as high as 0.89% of assets under $1 million in some cases, said Brett Hammond, research leader of Capital Group. But 0.25% to 0.30% of assets is more typical, he added. (The fee is on top of the cost of the investment itself.) As for performance, it’s a mixed bag with some robos doing better than others, Hammond said. The big question is how they will do in the long run, especially during a big market crash, since they don’t have an extended track record yet. “We don’t know in a complete cycle what these [robos] are going to deliver,” he said. “The real issue is, does it improve outcomes?”
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because, on the one hand, it introduces us to the fees that can be charged by Robo-advisors. On the other, performance is hard to measure for robo-advisors since nobody knows how the will behave in the long run and in severe circumstances i.e. a market crash.
  • Artificial intelligence is changing the world of retirement planning. By using improved datasets and algorithms to efficiently deliver solutions tailored to people’s needs, AI can help them save, invest and retire better. One of the hottest trends to emerge in this area in recent years is the use of robo-advisors. These are software programs that use the data supplied by clients to create and automatically manage their investment portfolios
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      The use of Robo Advisors alongside artificial intelligence could be used by different fintech companies and in different fields like for investments, portfolio management or retirement planning.
  • ...1 more annotation...
  • One of the hottest trends to emerge in this area in recent years is the use of robo-advisors.
  • hindelquarrouti on 13 Feb 21
     
    It is a very interesting strategy that of benefiting from the use of AI and its advances that include improved datasets and algorithms that efficiently deliver solutions that are appropriate to users need. One of the trend that was raised by this strategy is that of robo-advisors.
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