Fintech Daily Information Briefing on [September 21, 2020]
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The following is the Fintech Daily Information Briefing on [September 21, 2020] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.
[1]. Acko, an insurance technology start-up in India, received $60 million in financing
Last week, acko, an India based insurance technology platform, announced that it had received $60 million in financing led by Munich Re ventures. Founded in 2016, acko has successively obtained financial support from Amazon, accel, catamaran ventures, Saif partners, Swiss Re Transamerica ventures and other investment institutions. At present, acko has reached insurance product and service agreements with Amazon, Oyo, Ola and other large technology enterprises. It is reported that this financing will be mainly used for the further development of acko platform.
[2]. Governor of the Central Bank of the Philippines: digital token support technology can improve the accessibility of financial services
Benjamin diokono, governor of the Central Bank of the Philippines, said the supporting technology behind digital tokens could improve the accessibility of financial services, so the institution was continuing to study the feasibility of issuing its own digital currency. Diogno said the Philippines’ research on central bank digital money includes a “comprehensive discussion” of issues such as price stability and legal barriers. In addition, the central bank will also assess the impact on the existing domestic digital token market and the broader financial system.
[3]. The Bank of Thailand issued new rules on digital lending, allowing the use of alternative data for risk assessment
Recently, the Bank of Thailand issued a new regulation on the regulation of the digital loan market, which allows lenders to use alternative data such as water and electricity charges and online shopping information when making credit decisions. Veerathai santiprabhob, President of the Bank of Thailand, believes that the use of alternative data will help service providers better analyze the ability and willingness of borrowers to repay debts, and pave the way for individuals without bank accounts (especially those without fixed salaries, unable to provide proof of income or asset collateral) to obtain personal loans. In addition, the Bank of Thailand also suggested that the loan platform should apply more digital technology to the platform operation processes such as providing loans, debt repayment and information disclosure (such as interest rates, fees and fines).
[4]. Singapore was named the world’s “smartest” city, released by the smart city index report 2020
Recently, IMD of Lausanne, Switzerland and sutd jointly released the smart city index report for 2020. In April and may 2020, the two organizations conducted a questionnaire survey on hundreds of citizens from 109 cities. The urban environmental problems involved include health and safety, transportation, activities, opportunities and so on. In this year’s list, Singapore, Helsinki and Zurich were ranked among the top three “smartest” cities in the world, while Singapore, Zurich and Oslo were the top three in 2019.
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