BizTek Webinar

Do Microfinance Companies pose a challenge to traditional Banks?

Nov 13, 2020: BizTek Webinar #6 with Bashir Fancy & Nick Brown

Bashir Fancy and Nick Brown discuss new FinTech players

There are new FinTech players springing up in Developing Countries that are challenging established financial organizations.

One such example is Kuda in Nigeria, a mobile-first challenger bank with a microfinance banking license, which has just received $10m in funding. Find article here: Kuda article

While this is just one startup, the implications of Kuda, and other future integrated services FinTechs, is staggering.

BizTek.org

Intended for Busienss & Technology Professionals, with a focus on Business Ethics. Includes many discussions between Bashir Fancy and a wide variety of industry experts.
Do Microfinance Companies pose a challenge to traditional Banks? 37:36

Bashir Fancy and Nick Brown discuss the potential impact of these types of new FinTech players.

0:45 Kuda in Nigeria: Mobile Bank & Micro-Finance.
3:13 Kuda is a threat to Mobile Money as well as Traditional Banks.
8:47 Integrated Services - Massively reduced costs.
11:42 What can Banks, Mobile Money and MFIs do?
14:02 Huge market available, and also other financial services.
22:29 Combining of Services - a warning to the West.
34:00 The huge FAANG companies.
36:55 The Barbarians are at the Gate.

Select clips of interest: