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pierredv : cgap   12

Cybersecurity for Mobile Financial Services: A Growing Problem, CGAP Nov 2018
"... industrial-grade PIN harvesting is supplanting these slow approaches to obtaining individual PINs. There are many opportunities to acquire DFS account numbers and the associated PINs without ever meeting (or even knowing) the person whose money is being stolen. USSD is the most common form of access to mobile money services in developing countries, and it does not offer much protection for these sensitive credentials. Credentials can be collected in a number of ways that providers and policy makers should be aware of."
cyber-spectrum  spectrum  cybersecurity  mobile  cellular  CGAP 
november 2018 by pierredv
It's Time to Slow Digital Credit's Growth in East Africa | CGAP Oct 2018
"CGAP has now gathered and analyzed phone survey data from over 1,100 digital borrowers from Kenya and 1,000 borrowers from Tanzania. We have also reviewed transactional and demographic data associated with over 20 million digital loans (with an average loan size below $15) disbursed over a 23-month period in Tanzania. Both the demand- and supply-side data show that transparency and responsible lending issues are contributing to high late-payment and default rates in digital credit."
CGAP  development-assistance  credit  finance 
october 2018 by pierredv
Using Satellite Data to Scale Smallholder Agricultural Insurance | CGAP Sep 2018
"This paper looks beyond the excitement of the vast possibilities for satellite data applications to promote scale in smallholder agricultural insurance. It documents lessons learned from using these data to reduce the costs and improve the quality of smallholder agricultural insurance in Nigeria and Kenya. "
CGAP  development-assistance  finance  insurance  satellite  agriculture  Nigeria  Kenya  remote-sensing  EO 
september 2018 by pierredv
Blockchain: A Solution in Search of a Problem? | CGAP June 2018
"The question we have is not “Does blockchain work?” but "Does it work better than other technology solutions in the market?" And what are the cost-benefit trade-offs to switching to a new consensus-based technology solution? We have seen lots of proofs of concept that it can work, but not a lot of quantified analysis on why a DLT solution might be better than existing alternatives.

So, to what extent is blockchain a solution in search of a problem? There are a few important hurdles for those considering blockchain solutions in the financial inclusion space."

Governance, rules, oversight: "the complexity of establishing governance arrangements and rules is not much different than that of setting up a payment system today, whether retail or wholesale"

Regulation: "DLT could help reduce the cost of cross-border transfers by making net settlement positions known in real time to all participants, lowering liquidity management costs and minimizing foreign exchange risks"

Privacy, complexity, scalability: "But privacy was an issue: Running the [SWIFT] test with just 28 banks required 528 subledgers to maintain the confidentiality of information. ... Using today’s technology, Visa can process 24,000 transactions per second. The best I have been able to find that any DLT can do is 1,500-2,000 transactions per second"

Intersection with cash economy: "Mobile network operators, with 2.9 million active cash-in/cash-out agents worldwide, currently reach the poor very effectively, ... It is not evident that DLT makes it work better, particularly in environments where both 3G and electricity access are sketchy."


"In the financial inclusion space, we have not yet seen business models emerge that make a compelling case for DLT over existing technology solutions with trusted third-party managers. ... Places where we think there may be breakthroughs are mostly in areas where distributed, real-time information is important: supply chain finance, agricultural value chains, identity verification, personal data storage, clearing and settlement, collateral and land registries and maybe credit reporting."
CGAP  blockchain  development-assistance  finance  SWIFT 
june 2018 by pierredv
How Developing Countries Can Prevent Their Own Equifax Breach | CGAP
Developing countries have a great advantage when it comes to data security — they can learn from the lessons of developed countries. The recent incident involving the security breach at the American credit bureau Equifax, that exposed the personal information of over 145 million people, provides two important lessons: avoid big databases where possible and give consumers more control over their personal information.
CGAP  finance  development-assistance  cybersecurity  Equifax  opinion 
november 2017 by pierredv
Will Universal Basic Income Replace Safety Net Payments in India? | CGAP Feb 2017
"India’s finance minister presented the 2017-2018 budget to Parliament on January 31, 2017. There had been speculation that the budget might include a proposal for a universal basic income (UBI) for all Indians. In fact, the India Economic Survey 2016-17, released by the Office of the Economic Advisor to the Prime Minister just ahead of the budget speech, devoted an entire chapter to discussing the pros and cons of UBI. Under a UBI scheme, the government would guarantee a minimum income to all citizens in place of the many safety net subsidies it now provides. Historically, Indian governments have provided citizens with subsidies related to education, fertilizers, food, fuel, health care and more, in addition to subsidising interest rates on loans. These programs face common challenges related to identifying citizens, determining whether citizens qualify, and delivering subsidies through appropriate channels. Three key issues are being debated right now"
CGAP  India  UBI 
march 2017 by pierredv
How the Poor Manage their Money - CGAP July 2015
A new CGAP video explains four behaviors that commonly underpin people's money management practices.
CGAP  poverty  finances 
july 2015 by pierredv

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