Early this year, Amitabh Kant, CEO of the National Institution for Transforming India (Niti Aayog), declared “Cards, ATMs, POS will all become redundant in India by 2020, and India will make this jump because every Indian will be doing his transaction just by using his thumb in thirty seconds….”Although evidence indicates that demonetization has moved India towards a digital economy, there is still much work to do before Kant’s vision becomes a reality. Read insights on going cashless.
Article written by David del Ser and Alexandre Lazarow
If you think artificial intelligence is a thing of the future, ask yourself why your Amazon homepage looks different from ours or how Google translates websites on the fly. Consumers in developed and developing countries are benefiting today from these smarter types of software. In particular, the subfield of Machine Learning is making rapid strides in everything from detecting rare types of cancer to correcting our grammar. In essence, software development is transitioning from a process where humans figure out a few rules for the machines, to one where the machines learn the many implicit rules from the existing data. Continue reading.
A positive outlook according to our investor network
We recently had the opportunity to survey the Catalyst Fund Circle of Investors, which connects our startups to a wider group of investors and also acts as a channel for sharing our insights about the investment climate for fintech in emerging markets. The Circle of Investors are optimistic about funding for inclusive fintech. Results of the survey provide insights into what investors think about inclusive fintech, investments and emerging markets. Read more
Originally published on the SOCAP blog on August 22, 2017.
Catalyst Fund and JPMorgan Chase & Co. are sponsoring the Inclusive Fintech Track at SOCAP17
While machine learning has become more widespread and has been applied across different industries, few organizations have the adequate expertise to utilize the technology properly. Before jumping into a #machine learning investment, stop and consider your data and how a strong data foundation should be used to inform the insights from machine learning. Read about #datareadiness to start off on the right foot.
Catalyst Fund’s new cohort of inclusive fintech startups spans the globe and pushes the boundaries of innovation in sectors as diverse as mobile money, agriculture and insurtech. As Catalyst Fund investees, these impact makers receive grant funding and tailored and hands-on technical advice. In turn, the startups also help us learn about three main questions:
- How can digital financial services be more customized, convenient and accessible than traditional offerings?
- How can formidable barriers to inclusion be overcome?
- How can investors, donors, and advisors best catalyze successful and innovative models?