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kenzabenessalah

AgroCenta: Digital food distribution platform creating shared value for businesses and ... - 1 views

agrocenta.com

Harvest Monitor Efficiency

shared by kenzabenessalah on 12 Feb 21 - No Cached
  • AgroTrade makes managing pre-harvest and post harvest activities a breeze. It is effortless monitoring farmers activities right from planting till when commodities get to the warehouses of off-takers.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      What's interesting about AfroTrade is that it minimizes the need for physical contact, which is beneficial for what's going on in the world right now.
sawsanenn

10 Things You Thought You Knew about M-PESA - 2 views

www.cgap.org/...-thought-you-knew-about-m-pesa

Financial inclusion FinTech Service Kenya Africa

shared by sawsanenn on 12 Feb 21 - No Cached
  • The M-PESA cash merchants (or ‘agents’ in M-PESA parlance) pre-buy mobile money so that they can sell it against cash to the customers who come to their retail store for cash-in operations. They are investing their own working capital and are not intermediating someone else’s funds. For cash-out operations, they sell their cash and buy mobile money instead. Consequently, the cash and M-PESA balances that cash merchants manage and store are always their own.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      Cash merchants are mainly super users, who resell their own working capital balances, with no more access to the M-PESA platform than any other customers, except that they have higher transaction limits.
  • Each and every transaction done on the M-PESA platform is electronic and can therefore be monitored by Safaricom, which runs its own bank-grade anti-money laundering system. Even a cash-in or a cash-out operation has an electronic leg and is captured by the system. The Central Bank of Kenya gets regular reports on M-PESA transactions, as it does from other payment service providers.
  • Cash merchants are mainly super users, who resell their own working capital balances, with no more access to the M-PESA platform than any other customers, except that they have higher transaction limits.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      M-Pesa is a product which is stable, fast and reliable. However, because of their fear of technology, some people still don't know the value of this business. I assume that this is the case for most of countries with high illiteracy rates.
  • ...2 more annotations...
  • The M-PESA cash merchants are recruited by Safaricom after a due diligence process and put under specific training. They are regularly monitored and re-trained, and Safaricom aims to visit them on-site every two weeks. The same process is applied to all cash merchants so that any customer anywhere in Kenya has the same experience at any cash merchant.
    • ghtazi
      ghtazi on 13 Feb 21
       
      After a due diligence process, the M-PESA cash merchants are recruited by Safaricom and placed under unique training. They are tracked and re-trained daily, and Safaricom aims to visit them every two weeks on-site. All cash merchants are subject to the same procedure so that any customer anywhere in Kenya has the same experience with any cash merchant. which I believe will be something that will trigger its competitor.
  • The funds are deposited in several commercial banks, which are prudentially regulated in Kenya. In addition, the funds are held by a Trust and are therefore out of reach from Safaricom, which cannot access or use them. In the unfortunate event of Safaricom going bankrupt, the creditors of Safaricom would not have access to the M-PESA funds. This is a requirement from the Central Bank of Kenya which oversees M-PESA. The funds remain at all times the property of M-PESA users.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this is a good approach to gain customers trust since it's one of the main challenges of this business
  • hichamachir on 12 Feb 21
     
    M-Pesa is a safe, fast and efficient product. However, some people still don't know the importance of this company due to their fear from technology. I believe that this is the case for most of countries with high illiteracy rates.
nourserghini

Top five technologies that will transform the Fintech sector in 2020 - 0 views

www.information-age.com/ntech-sector-in-2020-123484767

Fintech Regtech Expansion

shared by nourserghini on 13 Feb 21 - No Cached
  • Fintech technology number one: The growing number of RegTech solutionsRegulatory technology is benefiting from recent groundbreaking fintech software innovations, creating automated solutions to manage regulation monitoring, compliance, and reporting. Keeping track of new restrictions in a single database is a comfortable way of adopting a financial institution to legal requirements.
    • nourserghini
      nourserghini on 13 Feb 21
       
      Fintechs can also conder starting Regtechs as well to create automated solutions for monitoring regulations, especially consider their success in the digital world.
mehdi-ezzaoui

Agricultural tech firm pula scoops end of year InsurTech award - Daily Monitor - 1 views

www.monitor.co.ug/...f-year-insurtech-award-3235552

PULA Service agri-tech

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • The company was recognized for successfully managing over 4.3 million smallholder farmers through their Area Risk Index and yield insurance product. It provides insurance services and digital solutions to farmers in Africa. The company uses the crop cut experiment as a claim assessment procedure. This assessment relies heavily on ground crop cuts and it’s fed on mobile apps which relay instant feedback to clients. 
  • mehdi-ezzaoui on 13 Feb 21
     
    Pula, a Kenyan leading agricultural technology company that develops and provides crops and livestock insurance last Friday scooped the continent's InsurTech company of the year award during the 6th annual African Insurance Awards held in Lagos, Nigeria.
hibaerrai

RegTech Definition - 0 views

www.investopedia.com/...regtech.asp

Fintech Strategy Regtech Digital Regulations

shared by hibaerrai on 13 Feb 21 - No Cached
  • Regtech is the management of regulatory processes within the financial industry through technology. The main functions of regtech include regulatory monitoring, reporting, and compliance. Regtech, or RegTech, consists of a group of companies that use cloud computing technology through software-as-a-service (SaaS) to help businesses comply with regulations efficiently and less expensively. Regtech is also known as regulatory technology. Financial institutions and regulators both use Regtech to deal with complicated compliance processes.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Employing regtech strategy to monitor, regulate and comply all fintech related processes and activities .
kaoutarchennoufi

Due diligence | Kiva - 0 views

www.kiva.org/due-diligence

DueDiligence DefaultRisks FieldPartner Currency

shared by kaoutarchennoufi on 12 Feb 21 - No Cached
  • Kiva takes due diligence and monitoring very seriously as part of our responsibility to lenders and borrowers. We encourage all lenders to learn about the risks of lending on Kiva as Kiva does not guarantee repayment on any loans. Lending on Kiva may involve loss of principal, for a variety of reasons including if the borrower doesn’t repay, the Field Partner doesn’t repay or from currency loss. The level of due diligence relevant to a specific loan on Kiva depends on a variety of factors, including how the loan is administered. Most loans on Kiva are administered by one of our local partners working in more than 80 countries. Kiva conducts due diligence on all Field Partners prior to allowing them to begin posting loans on the Kiva platform. To learn more about this process visit our Field Partner due diligence page.
    • kaoutarchennoufi
      kaoutarchennoufi on 12 Feb 21
       
      The financial world involves many risks such as default risks,loss of principal... As a transparent organization, Kiva emphases on due diligence and inform its lenders about the risks they might encounter. The due diligence is also applied to field partners in case some currency or country risks take place. Therefore, the loans and their risks are monitored in a very efficient and strategic way that might result in decreasing the level of risks.
kaoutarchennoufi

Safaricom M Ledger, Bill Manager, M-PESA Statements - Safaricom - 0 views

www.safaricom.co.ke/...manage-your-m-pesa

Self-Service Independent Monitor

shared by kaoutarchennoufi on 13 Feb 21 - No Cached
  • MySafaricom App offers you a convenient self-service channel to manage your M-PESA and Safaricom accounts and interact with our customer care. Whether you are an Android or iOS user, you may download the App from the Safaricom App Store, Apple Store or from the Google Play Store and enjoy convenience.
    • kaoutarchennoufi
      kaoutarchennoufi on 13 Feb 21
       
      One of the features of M-Pesa is that it makes its customer feel independant and self-confident by providing them the possibility of self-service. They can monitor and manage their accounts.
aminej

(2) WorldCover: Overview | LinkedIn - 1 views

www.linkedin.com/...worldcover

Insurance Agriculture Fintech Farmer Platform Service Online

shared by aminej on 12 Feb 21 - No Cached
  • WorldCover uses technology to help commercial growers and agribusinesses reduce climate risk. Our featured product CropAssure is tailored to help almond growers protect against weather risk from frost and excess rain events.
    • aminej
      aminej on 12 Feb 21
       
      I find this crop insurance service very interesting because it allows you to protect your production against anything. It is also very transparent by defining clear, objective thresholds to show exactly what weather will trigger a payout on your fields. Also you can have real time monitoring on which you can extract data about your reporting and planning. In case something happens, you receive automated payments on each period
chaimaa-rachid

WorldCover, an insurtech battling the effects of climate change - 0 views

insurtech.oliverwyman.com/...worldcover.html

insurance farmers wolrdcover

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • WorldCover is applying insurtech solutions to climate change—a challenging global problem. Using satellite data, on-ground sensing and innovative risk modeling, the company developed a climate and weather-linked insurance product. Today, WorldCover supports and protects farmers within developing countries, who are faced with some of the worst droughts in the world due to climate change.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      Worldcover's platform uses satellite data and remote sensor technology to monitor rainfall, price risk and trigger claims quickly
  • “It’s about using insurance to get rid of risk for these farmers and unlock opportunities for them,” Chris says. He says that research found that for farmers who received insurance (rather than cash grants) borrowed and invested more in their farms.
mohammed_ab

The Complex Insurance Coverage Reporter - September 2020 - The Complex Insurance Covera... - 0 views

coveragereporter.com/verage-reporter-september-2020

Micro Insurance WorldCover Africa Crop Farmers

shared by mohammed_ab on 11 Feb 21 - No Cached
  • Over the last decade, there has been a global increase in the focus on climate change and the risks and dangers associated with it. And for good reason. Damage from climate-related disasters was in the billions of dollars in 2019 alone. California wildfires caused $25 billion in property damage, while Typhoon Hagibis in Japan cost an estimated $15 billion. Other extreme weather events, including rampant brush fires in Australia, widespread droughts in East Africa and severe flooding in South Asia, have had devastating consequences.
  • Like Kin, NYC-based WorldCover was created in response to climate-related disasters. It works to provide drought insurance to farmers in Africa. When first launched, WorldCover was available only in Ghana and covered only one crop: maize. Since then, the company has expanded to multiple markets in East and West Africa, covering four categories of crops: cereals, legumes, root vegetables and perennials. WorldCover uses a combination of satellite imagery and on-the-ground sensors to understand local weather patterns in order to create insurance options for farmers facing some of the world’s worst droughts. The company uses its satellites to monitor rainfall patterns and trigger payouts immediately.
  • mohammed_ab on 11 Feb 21
     
    I think that the testing phase of WorldCover was very smart. World Cover started offering micro-insurance for only one type of crop which is maize. After a great success with this type of crop, the company started to broaden its coverage to other types of crops and to other markets like East and West Africa. The company uses machine learning and satellite imagery to analyze the weather and the land of the farmers which in my opinion helps the company in being very accurate and efficient.
ghtazi

Home | WorldCover Insurance - 0 views

www.worldcovr.com

WorldCover weather CropAssure Insurance

shared by ghtazi on 08 Feb 21 - No Cached
  • Tailored Insurance For Almond FarmersWe have applied our argonomic modeling expertise to develop a specialty product focused on protecting almond growers against increasingly unpredictable weather patterns. Either as an alternative or supplement to your existing insurance, CropAssure Almond provides easy to understand policies, and pays out automatically when your covered risks occur.
    • ghtazi
      ghtazi on 08 Feb 21
       
      in this article, it shows that the company wants to help high-value crop growers manage their financial risk to climate change, unpredictable weather, and natural disasters. WorldCover's product vision is for commercial farmers to experience parametric insurance in a way that is easy to understand (simple), engenders trust (transparent), and fits them well at any size (tailored).
samiatazi

FinTech: Financial services: Industries: PwC - 0 views

www.pwc.com/...fintech-survey.html

Fintechs Media-Telecommunication Financial-services

shared by samiatazi on 13 Feb 21 - No Cached
  • The lines between financial services (FS) and technology, media and telecommunications (TMT) firms have blurred to the point that the roads are a free-for-all and previously distinct sectors are colliding. Many TMT companies are applying for FS licences, and FS organisations have begun calling themselves technology companies. Fintech, or financial technology, is at the epicentre of this transformation. The FS and TMT industries are both using it to sharpen operational efficiency, lower costs, improve customer experience and heighten the appeal of their products and services. They’re also carving out new commercial possibilities. Digital-only banks are offering redesigned client propositions and cost profiles. Investment managers are deploying fully customised robo-advice. Insurers are using sensors to monitor people’s health and help prevent illness. And according to a recent PwC survey, consumers are ready for the digital shake-up. The question is no longer whether fintech will transform FS, but which firms will apply it best and emerge as leaders.  In this year’s Global Fintech Survey, we polled more than 500 FS and TMT executives worldwide and analysed their responses. We think the winning companies will be those that not only embrace fintech-driven business models but figure out how to navigate wider and more crowded lanes with approaches that make the most of FS and TMT’s combined strengths. This report will explore the current fintech landscape, the factors that will determine the likely winners and losers in coming years, and the steps that organisations can take to put themselves in the best position to lead. 
    • samiatazi
      samiatazi on 13 Feb 21
       
      Reports from PwC: There has been a blurring of the boundaries between financial services (FS) and electronics, media and telecommunications corporations. Most TMT firms applying for the FS permits, and FS agencies have been naming themselves as technology companies. It's no longer a matter about whether fintech will switch FS, but which businesses will better leverage it to become leaders. The winning businesses will take advantage of FS and TMT firms' joint strengths.
tahaemsd

The Purposeful For-Profits, Brooks Gibbins - 0 views

news.fintech.io/...the-purposeful-for-profits

FinTech Africa Service modernization climate change

shared by tahaemsd on 13 Feb 21 - No Cached
  • WorldCover, is a for-profit company that aspires to provide the 90% of smallholder famers around the world with access to crop insurance.  In countries like Ghana, there is no social safety net.  Every farmer is one natural disaster away from ruin.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      Worldcover provides a transformative safety net using satellites to monitor the rainfall and trigger payouts automatically
ayachehbouni

Kenyan Startup FarmDrive Uses Data Analytics to Connect Unbanked Farmers to Financial S... - 0 views

techweez.com/...ve-connecting-unbanked-farmers

shared by ayachehbouni on 13 Feb 21 - No Cached
  • In its next phase of algorithm development, FarmDrive seeks to expand the environmental arm of the algorithm by incorporating more alternative data-sets, including satellite imagery and remote sensing data. They are currently engaging with Planet, a satellite company from Silicone Valley, and The Impact Lab, a Chicago-based data analytics firm to analyze the possibilities of using satellite images in predicting a farmer’s creditworthiness.In addition, FarmDrive also plans to use these environmental data-sets, in combination with crop cycle data to predict seasonal yield and influence agricultural insurance products.The startup also uses machine learning in generating the farmer’s profile by learning from the farmer’s input. Data points about the farmer’s behaviour, education level, and their interaction with the app are all analyzed to contribute to the farmers profile score.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      FarmDrive employs different advanced methods to predict a client's creditworthiness. They also conduct psychometric tests to figure out their clients' characters. This makes the process professional and the customer base monitored.
  • Smallholder farmers, especially in Kenya face difficulties when it comes to accessing loans and financing from banks and other financial institutions. The agricultural sector is the backbone to Kenya’s economy, yet banks have very little incentive to work with farmers.
    • aminej
      aminej on 13 Feb 21
       
      FarmDrive use very advanced data analytics to evaluate the credit risk of farmers across Africa in order to help them access investments and funds. They use algorithms developed by their own team which is really good
  • FarmDrive founded in 2014 has built an innovative solution that provides “detailed risk profiles of smallholder farmers to financial institutions”. FarmDrive does this through a credit score, generated by an algorithm developed by the team, in-house. The algorithm relies on data-sets collected from the farmers through their mobile phones, alternative data and machine learning.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      The agricultural sector is crucial to Kenya. Yet, farmers have a very hard time getting loans from banks. Hence, as it helps in this aspect, Farmdrive might as well be saving the backbone of the country.
kenza_abdelhaq

Robo-Advisors - Business Models and Strategies | ccecosystems.news - 0 views

ccecosystems.news/...business-models-and-strategies

Fintech Strategy Robot Advisors Investments

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • As mentioned in the last article, it is not possible to define exactly what a robo-advisor is, as the individual providers offer a range of services of varying breadth. In fact, robo-advisors have long since ceased to offer mere recommendations or advice, and most providers are steadily expanding their services into a fully integrated solution. Accordingly, people now associate a robo-advisor with a platform that can also be used to make an investment directly (see [Bloch/Vins 2017, 114]). However, this service, for example, is linked to certain regulatory requirements, which are presented below. It should be noted here that this is the regulatory framework in Germany. In terms of regulation, four business models can be distinguished in the area of robo advisory services:
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      Since EasyEquities is about investment, having roboadvisors that provide financial advice would create more value to the company and would target more segments.
  • investment brokerage (german: Anlagenvermittlung),investment advice (Anlagenberatung),acquisition brokerage (Abschlussvermittlung), as well asfinancial portfolio management (Finanzportfolioverwaltung), also known as asset management.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt summarizes the business models that can be distinguished in the area of Robo-advisory services. The main difference between these business models lies in who is responsible for making the investment decision.
  • Robo-advisors can follow an active or passive investment approach not only in terms of their product range, but also in the composition of the individual products. In active management, for example, the market is constantly monitored and, on the basis of this, the securities that appear to be most advantageous at a given time are included in the portfolio. This targeted approach is described as so-called “stock picking” (see [Müller/Pester 2019, 229f]). Due to market fluctuations, there are thus regular purchases and sales of securities with the aim of achieving a higher return than the passive market. In the course of this, the percentage distribution of the asset classes in the portfolio can also be continuously adjusted and regular risk assessments carried out. As a result, the portfolio may be subject to constant change. The passive management approach is based on the strategy of maintaining the portfolio created at the beginning, including the asset allocation and the defined securities, unchanged and independent of market fluctuations. If a change in asset allocation should occur due to market fluctuations, the original state can be restored through various adjustment methods, also called “rebalancing”. In contrast to active management, this adjustment is not carried out on an ongoing basis, but at predetermined times or according to specific rules. In so-called “periodic rebalancing”, a restoration of the asset allocation is carried out as needed at the time of a previously defined temporal interval change. Another variant of rebalancing provides for an adjustment only if the portfolio value exceeds or falls below a previously defined mark, the threshold
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt distinguishes between Robo-advisors' active investment approach and passive investment approach, based on their product range but also on the composition of the individual products. Understanding the difference between the two approaches would allow us to better formulate strategies that incorporate Robo-advisory in them.
  • ...1 more annotation...
  • Online asset management has been experiencing a rapid rise in Germany for several years. Since 2017, the number of users has grown by a factor of 7 from around 291,000 in 2017 to around 2.01 million in 2020 (cf. o.V. 2020), while the investment volume has increased more than tenfold from around 756 million euros to 8.068 billion euros (cf. o.V. 2020). Two factors in particular are key to this trend
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      robo-advising or online asset management has been growing rapidly during the past years due to loss of trust in personal banking advisors amid the 2007 financial crisis and the new generation that prefers digital interactions.
mehdibella

Omidyar Network Awards $5 Million Grant to Kiva to Spur Growth of Microfinance in Under... - 0 views

omidyar.com/...finance-in-underserved-markets

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Omidyar Network will match up to $2 million of online donations from individual Kiva lenders. Amy Klement, Vice President, Investments at Omidyar Network, will join Kiva’s board of directors.
  • Kiva will use the funding to further develop its technology platform, expand its network of field partners, and continue to invest in due diligence and monitoring capabilities across its growing portfolio. The commitment, which marks the largest grant in Kiva’s history, reflects Omidyar Network’s focus on bringing microfinance to underserved markets as well as catalyzing social impact through technology.
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