Spring 21 Capstone 640pm

AI algorithm can play predictive roles to improve asset management among individuals or large corporations. It can keep track of notable and recurring expenditure that are responsible for increasing client’s debt portfolio. Financial data management is crucial to predict the future of the economy. AI algorithm can process these large financial data through smart programming and predict client investment strategies. Also these data can be used to predict fraudulent activities.

Founded in late 2016 by Ahmed Wadi, MoneyFellows has digitized the concept of money circles (ROSCAs) which are commonly known as gam’eya in Egypt and other Arab countries, through its online platform.

Egypt's MoneyFellows raises $4 million Series A to expand its digital money circles platform to Africa

MoneyFellows with its mobile-based platform has digitized this entire process with a scoring model that compliments offline model, making it more scalable, safe, and efficient. In a statement, the Egyptian fintech said that it currently has over 150,000 active users that are verified by a user assessment algorithm. It also works with different corporates in Egypt, enabling their employees to participate in the money circles for saving money. 

The FinTech revolution captures the simultaneous attack of a large number of technologies, notably mobile telephones and blockchain, which are ushering in efficiency or outreach to multiple niche markets. The use of mobile telephone technology has expanded Internet reach to the excluded, created possibilities for business where banks were not historically present and is potentially disruptive.

Kiva covers operating costs primarily through the generosity of our lenders, who can choose to make donations in addition to loans. We cover more than two-thirds of our operating costs through these voluntary donations from Kiva lenders. The remainder of our costs are covered through grants, donations from foundations and supporters and Field Partner service fees. This model of fundraising helps promote sustainability, by keeping our fundraising costs low and tapping into the power of the crowd to help cover our costs.

Kiva User Funds LLC is a separate entity that holds all funds belonging to Kiva users in FDIC-insured, escrow-like bank accounts. These low-yielding FBO accounts were set up to ensure Kiva users’ funds (meant for lending) are protected and fully separated from Kiva’s operational funds.

100% of your loans go to the field Kiva never takes a fee from lenders, which means 100% of the funds you lend on Kiva go toward supporting borrowers’ loans.

At Kiva, we are constantly working to reach new countries and communities, with loans that better serve the needs of borrowers and their families. Kiva lenders crowdfund an average of $2.5 million in loans each week, creating a unique, renewable pool of funds that is reshaping access to financial services around the world

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.

DabaDoc ….C'est immédiat, simple et gratuit ! DabaDoc est la première plateforme de gestion de rendez-vous médicaux en ligne en Afrique. DabaDoc change le quotidien des médecins et celui de leurs patients !  Il optimise la gestion des cabinets médicaux grâce à ses multiples fonctionnalités intégrées et permet aux patients de prendre rendez-vous en quelques clics 24h/7j gratuitement. Fondé en 2014, DabaDoc a pour mission de simplifier le processus de recherche de médecins, garantir aux patients une meilleure expérience de prise de rendez-vous et permettre aux médecins une meilleure gestion de leurs rendez-vous.

DabaDoc ….C'est immédiat, simple et gratuit ! DabaDoc est la première plateforme de gestion de rendez-vous médicaux en ligne en Afrique. DabaDoc change le quotidien des médecins et celui de leurs patients !  Il optimise la gestion des cabinets médicaux grâce à ses multiples fonctionnalités intégrées et permet aux patients de prendre rendez-vous en quelques clics 24h/7j gratuitement. Fondé en 2014, DabaDoc a pour mission de simplifier le processus de recherche de médecins, garantir aux patients une meilleure expérience de prise de rendez-vous et permettre aux médecins une meilleure gestion de leurs rendez-vous.

A niche market is a segment of a larger market that has its own demands and preferences. Companies focus on niche markets to better cater to a specific consumer than competitors who target a broad audience. Catering to the unique demands that mainstream providers aren't addressing, businesses pursue niche markets to build loyalty and revenue with a largely-overlooked audience. For example, rather than offering a general cleaning service, an entrepreneur might pursue a niche by offering floor polishing services exclusively. Another business in the same city might occupy a separate niche, specializing in solely biodegradable cleaning products. 

JUMO claimed it has helped disburse over $1.6-billion in funding to small and micro enterprises and is growing its base of savings products.

JUMO currently partners with financial service providers and mobile network operators to provide credit and savings solutions in Pakistan, Ghana, Tanzania, Uganda, Kenya and Zambia.

The International Finance Corporation (IFC) estimates that 40% of small and micro enterprises in the formal sector in developing countries have an unmet financing need of $5.2-trillion every year.

This milestone has been reached just over 18 months after crossing the US$1B mark in 2019, and indicates exponential growth in the access to and availability of working capital for customers, with an average customer default rate of less than 5%. Andrew Watkins-Ball, Founder & Group CEO, said this achievement is evidence of the success of JUMO’s unique business model, its ability to reach unbanked populations and to provide market-leading infrastructure for financial services.

We are honoured to have the opportunity to collaborate with some of the leading minds in AI and ML to accelerate the extension of financial services to the billions of un(der)-served people in the world. We’re at a critical point in our business where we are focused on leveraging the latest technology to increase customer eligibility and decrease unequal access to quality financial products in emerging markets.” JUMO founder and CEO Andrew Watkins-Ball 

According to MarketsandMarkets, the global big data market is currently valued at almost $140 billion. By 2025, it’s expected to grow to $230 billion at a CAGR of 10.6%. This makes FinTech app development a priority for companies that are transforming financial services with big data analytics.FinTech is one of the industries that uses big data extensively due to its complex services, use of IoT technologies, and need for risk analysis and security, which requires fast operations on large amounts of data.Big data developers help FinTechs gather an overwhelming amount of information and derive insights that really matter in the decision-making process.

The company says they reached this milestone in just over 18 months after crossing the US$1billion mark in 2019. This indicates exponential growth in the access to and availability of working capital for customers. Jumo also notes that they only have an average customer default rate of less than 5%.

Because robo advisors are meant to be more cost-effective, they work to cover less various target client segment. Even if your investment is under $1,000, the machine analyzes all the opportunities on the market, develops reports and provides the most efficient and profitable way to grow your ROI.

I always wondered why people would run away from insurance agents, yet insurance is a very important risk management tool. So, I joined insurance firstly, because I was tired of my job at the ICT company, and, secondly, because I wanted to investigate if what insurance agents were selling at the time was genuine.

Jumo’s beta site went live yesterday, accompanied by puff pieces in the New York Times, Huffington Post, and Mashable.  Sample line: “If everything goes according to Chris Hughes’ plan, Nov. 30, 2010 will be remembered as a critical and celebrated moment for the multi-billion dollar nonprofit and charitable industry.”  Typical techno-boosterism.

The Kenyan insure-tech company, Bismart, has unveiled an online e-commerce platform that will enable insurance companies, brokers, agents to connect with their customers end to end.Dubbed Pamsmart, the cloud-based platform is tailored to cut down the costs of developing new technologies for insurance players by 90%.

337SHARESShareTweetSubscribe The Kenyan insure-tech company, Bismart, has unveiled an online e-commerce platform that will enable insurance companies, brokers, agents to connect with their customers end to end. Dubbed Pamsmart, the cloud-based platform is tailored to cut down the costs of developing new technologies for insurance players by 90%.

337SHARESShareTweetSubscribe The Kenyan insure-tech company, Bismart, has unveiled an online e-commerce platform that will enable insurance companies, brokers, agents to connect with their customers end to end. Dubbed Pamsmart, the cloud-based platform is tailored to cut down the costs of developing new technologies for insurance players by 90%.

Bismart, a Kenyan insure-tech company has unveiled an online e-commerce platform that will enable insurance companies, brokers and agents to connect with their customer’s end- to- end. Known as Pamsmart, the cloud-based platform will allow different players to create products relevant to specific target group and businesses.

JUMO manufactures and distributes a wide range of measurement, control and automation products. The company is among the world leaders in two areas, namely temperature measurement and control for industries as diverse as food, water treatment, pharmaceuticals, renewable energies, railways, shipbuilding, heating and air conditioning, as well as the plastics and petrochemical industries.

Asia’s fintech scene is poised to get a little larger after Jumo, a company that offers loans to the unbanked in Africa, revealed plans to expand into the continent. To get the ball rolling, Jumo has opened an office in Singapore to lead the way and landed a massive $52 million investment led by banking giant Goldman Sachs to fuel the growth.

Asia’s fintech scene is poised to get a little larger after Jumo, a company that offers loans to the unbanked in Africa, revealed plans to expand into the continent. To get the ball rolling, Jumo has opened an office in Singapore to lead the way and landed a massive $52 million investment led by banking giant Goldman Sachs to fuel the growth.