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What telco mobile money licenses mean for Nigeria’s financial services sector

CIO Business Intelligence

That may change as telecommunications companies such as Airtel and MTN jump into the mobile money market, after recently receiving licenses to do so. Nigeria’s mobile money landscape, however, has been dominated by banks and other financial services companies. Mobile money is not entirely new to Nigeria.

Licensing 101
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Peer-to-peer banking - Trends in the Living Networks

Trends in the Living Networks

The principle is simple – you lend to individuals at interest rates based on their credit rating, and since you’re cutting out the bank as middleman, both lender and depositer get more attractive interest rates than they can get commercially. Banks are the archetypical intermediary, in this case between depositers and lenders.

Banking 83
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Sell-side banks become consultants - Trends in the Living Networks

Trends in the Living Networks

As such, the emerging domain of algorithmic trading – which largely automates trade execution – is in fact providing new ways for investment banks to create high-value relationships with the clients. However even greater value can be created by adding explicit value to clients’ decision-making processes.

Banking 60
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Network Roundtable: Building Collaborative Teams - Trends in the Living Networks

Trends in the Living Networks

For the most current insights and trends in the living networks, follow @rossdawson on Twitter! Interestingly, they found no correlation between incentive schemes to support collboration and actual collaborative behaviors. Free chapters) Implementing Enterprise 2.0

Network 68
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Lloyds TSB pilots social media - Trends in the Living Networks

Trends in the Living Networks

About Ross Dawson Keynote Speaking/Strategy AHT Group Future Exploration Network The Insight Exchange Repyoot Recent Media Appearances « Interview on the state of applying Web 2.0 In a recent post New ways of collaborating at the bank , James writes about how Lloyds TSB is piloting social media such as blogs.

Media 60
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Breaking down silos and building networks in financial services - Trends in the Living Networks

Trends in the Living Networks

About Ross Dawson Keynote Speaking/Strategy AHT Group Future Exploration Network The Insight Exchange Repyoot Recent Media Appearances « Announcing: Web 2.0 Part of my presentation covered how effective organizational networks underpin the ability to create value. While most laughed in acknowledgement, a few seemed put out.

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How to make Facebook secure for organizational use: no more excuses! - Trends in the Living Networks

Trends in the Living Networks

For now it is being trialled in three large institutions, including a global retail bank with 70,000 staff that had received loud complaints from staff when it banned Facebook, and an investment bank that tried to implement an in-house social network based on Sharepoint that its employees didn’t use.

Trends 60