https://padlet.com/shubham8424/DigFinSer 16/08/17 Classroom Notes for Digital Finance en-us 2017-08-16 14:22:10 UTC 2017-08-16 15:28:55 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Bigthunderstorm.png shubham8424 https://padlet.com/shubham8424/DigFinSer/wish/181264056 e.g., DBS (Development Bank of Singapore)]]> 2017-08-16 14:24:09 UTC https://padlet.com/shubham8424/DigFinSer/wish/181264056 shubham8424 https://padlet.com/shubham8424/DigFinSer/wish/181264466 e.g., M-Pesa is a mobile enabled banking solution. Launched in Africa but spread worldwide due to less regulations.]]> 2017-08-16 14:25:48 UTC https://padlet.com/shubham8424/DigFinSer/wish/181264466 shubham8424 https://padlet.com/shubham8424/DigFinSer/wish/181265025 1) No Bank Accounts
2) No Money Creation
3) Difficulty in obtaining credit
4) Hinderance to Innovation due to lack of funding.

Mobile Banking solutions can combat these factors as % of people with phones is greater % of people with bank accounts.]]> 2017-08-16 14:28:31 UTC https://padlet.com/shubham8424/DigFinSer/wish/181265025 shubham8424 https://padlet.com/shubham8424/DigFinSer/wish/181265959 The letter of credit was created to eliminate transportation to distance places. Technology has been always been there in finance.]]> 2017-08-16 14:32:53 UTC https://padlet.com/shubham8424/DigFinSer/wish/181265959 shubham8424 https://padlet.com/shubham8424/DigFinSer/wish/181266622 2017-08-16 14:35:48 UTC https://padlet.com/shubham8424/DigFinSer/wish/181266622 shubham8424 https://padlet.com/shubham8424/DigFinSer/wish/181266653 Placing order via phone instead of travelling to Wall Street physically for clients]]> 2017-08-16 14:35:56 UTC https://padlet.com/shubham8424/DigFinSer/wish/181266653 shubham8424 https://padlet.com/shubham8424/DigFinSer/wish/181266680 1) Saving costs for opening a bank branch
2) Ease of Access
3) No Queue for Cash]]> 2017-08-16 14:36:03 UTC https://padlet.com/shubham8424/DigFinSer/wish/181266680 shubham8424 https://padlet.com/shubham8424/DigFinSer/wish/181266713 Replacement for Expensive Cash]]> 2017-08-16 14:36:12 UTC https://padlet.com/shubham8424/DigFinSer/wish/181266713 shubham8424 https://padlet.com/shubham8424/DigFinSer/wish/181266740 Invented by Former Mayor of NY. ]]> 2017-08-16 14:36:24 UTC https://padlet.com/shubham8424/DigFinSer/wish/181266740 shubham8424 https://padlet.com/shubham8424/DigFinSer/wish/181269697 A Contraction of "Finance" & "Technology"
Resulting of new and innovative products and services, primarily through software]]> 2017-08-16 14:48:33 UTC https://padlet.com/shubham8424/DigFinSer/wish/181269697 shubham8424 https://padlet.com/shubham8424/DigFinSer/wish/181270655 Over $4.7 trillion revenue loss for traditional banks
Attracted $19b in investments.
Euro banks expect to invest 62b euros in IT]]> 2017-08-16 14:52:21 UTC https://padlet.com/shubham8424/DigFinSer/wish/181270655 shubham8424 https://padlet.com/shubham8424/DigFinSer/wish/181273626 1) Lending
2) Personal Finance
3) Payments
4) Retail Investments
5) Equity Financing
6) Remittances
7) Consumer Banking
8) Institutional Investments
9) Financial Research
10) Banking Infrastructure]]> 2017-08-16 15:07:55 UTC https://padlet.com/shubham8424/DigFinSer/wish/181273626 shubham8424 https://padlet.com/shubham8424/DigFinSer/wish/181274088 Find Indian P2P lenders]]> 2017-08-16 15:09:56 UTC https://padlet.com/shubham8424/DigFinSer/wish/181274088 shubham8424 https://padlet.com/shubham8424/DigFinSer/wish/181274512 For Social Entrepreneurs to raise capital from large number of people.
E.g.- CrowdCube, Indiegogo]]> 2017-08-16 15:11:38 UTC https://padlet.com/shubham8424/DigFinSer/wish/181274512 shubham8424 https://padlet.com/shubham8424/DigFinSer/wish/181275481 Financial Disruptions due to high cost payment fees.]]> 2017-08-16 15:16:13 UTC https://padlet.com/shubham8424/DigFinSer/wish/181275481 shubham8424 https://padlet.com/shubham8424/DigFinSer/wish/181276553 Automated Financial Advice based on complex algorithms and decision trees.
E.g., Nutmeg]]> 2017-08-16 15:21:02 UTC https://padlet.com/shubham8424/DigFinSer/wish/181276553 shubham8424 https://padlet.com/shubham8424/DigFinSer/wish/181277273 1) Technology (Social Networks, Big Data, Telecom)
2) E-Comerce & Digital Economy
3) Favourable regulatory environment
4) Demographics (Rise of Millennials)]]> 2017-08-16 15:24:20 UTC https://padlet.com/shubham8424/DigFinSer/wish/181277273