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AIDINDIA retweeted:
Uber chief Travis Kalanick ‘set for a bumpy ride’ in board meeting #CorpGov #tech
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June 12, 2017 at 10:02AM
https://twitter.com/AIDIndia3/status/874124299275292673
from AIDINDIA
Featured Post
Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA)
Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA) Please click the li...
Showing posts with label 2017 at 10:11AM. Show all posts
Showing posts with label 2017 at 10:11AM. Show all posts
Monday, June 12, 2017
AIDINDIA retweeted: Uber chief Travis Kalanick ‘set for a bumpy ride’ in board meeting #CorpGov #tech http://ift.tt/1gD3a7F
AIDINDIA retweeted: Corporate governance in the Digital Age | http://ift.tt/1xQTL0y #CorpGov #business #tech
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AIDINDIA retweeted:
Corporate governance in the Digital Age | http://ift.tt/1xQTL0y #CorpGov #business #tech
June 12, 2017 at 10:02AM
https://twitter.com/AIDIndia3/status/874124268984045568
from AIDINDIA
Corporate governance in the Digital Age | http://ift.tt/1xQTL0y #CorpGov #business #tech
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Corporate governance in the Digital Age | http://ift.tt/1xQTL0y #CorpGov #business #tech
June 12, 2017 at 10:02AM
https://twitter.com/deCorporateProf/status/874123748680638465
from The Corporate Prof.
Monday, June 5, 2017
See Nifty open on positive note: Maximus Securities
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June 05, 2017 at 10:03AM
from
Wednesday, May 31, 2017
Sensex trading flat; realty, auto stocks top gainers
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The benchmark BSE Sensex was trading flat after hitting a new high of 31,233.68 in early trade. At 10.15 a.m., the 30-share BSE index Sensex was up 4.91 points or 0.02 per cent at 31,164.31 and th…
May 31, 2017 at 10:07AM
from
Saturday, May 27, 2017
Sri Lanka Three Month Interbank Rate
Sri Lanka Three Month Interbank Rate decreased to 11.15 percent on Thursday May 25 from 11.17 percent in the previous trading day. Interbank Rate in Sri Lanka averaged 11.89 percent from 2000 until 2017, reaching an all time high of 27.58 percent in January of 2001 and a record low of 0.13 percent in January of 2015. In Sri Lanka, the interbank rate is the rate of interest charged on short-term loans made between banks. This page provides – Sri Lanka Three Month Treasury Bill Yield – actual values, historical data, forecast, chart, statistics, economic calendar and news.
May 27, 2017 at 10:07AM
from Central Bank of Sri Lanka
United Kingdom GDP Annual Growth Rate
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The Gross Domestic Product (GDP) in the United Kingdom expanded 2 percent in the first quarter of 2017 over the same quarter of the previous year. GDP Annual Growth Rate in the United Kingdom averaged 2.45 percent from 1956 until 2017, reaching an all time high of 9.80 percent in the first quarter of 1973 and a record low of -6.10 percent in the first quarter of 2009. The United Kingdom is the sixth largest economy in the world and the second largest in Europe after Germany. The Services sector is the most important and accounts for 79 percent to total GDP. The biggest segments within Services are: government, education and health (19 percent of total GDP); real estate (12 percent); professional, scientific and technical activities and administrative and support services (12 percent); wholesale and retail trade (11 percent); and financial and insurance (8 percent). Industry accounts for 21 percent of the GDP and the largest segments within this sector are: manufacturing (10 percent of total GDP) and construction (6 percent). The Agriculture sector accounts for only 1 percent of GDP. This page provides the latest reported value for – United Kingdom GDP Annual Growth Rate – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
May 27, 2017 at 10:07AM
from Office for National Statistics
Slovakia Current Account
Slovakia recorded a Current Account surplus of 2.30 EUR Million in March of 2017. Current Account in Slovakia averaged -168.17 EUR Million from 1997 until 2017, reaching an all time high of 438.60 EUR Million in February of 2015 and a record low of -1470 EUR Million in December of 2005. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides – Slovakia Current Account – actual values, historical data, forecast, chart, statistics, economic calendar and news.
May 27, 2017 at 10:07AM
from National Bank of Slovakia
Switzerland Industrial Production
Industrial Production in Switzerland decreased 1.30 percent in the first quarter of 2017 over the same quarter in the previous year. Industrial Production in Switzerland averaged 2.07 percent from 1991 until 2017, reaching an all time high of 13.60 percent in the third quarter of 2007 and a record low of -8.90 percent in the first quarter of 2009. In Switzerland, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides – Switzerland Industrial Production – actual values, historical data, forecast, chart, statistics, economic calendar and news.
May 27, 2017 at 10:07AM
from Swiss Federal Statistical Office
Friday, May 26, 2017
Brazil: Eduardo Cunha’s Wife Absolved of Money Laundering
Brasil 247 reported that Brazil’s Federal Prosecutor Office indicated that Cruz was the sole operator of a Swiss bank account that was registered in the name of an offshore company called Kopek. Over a period of seven years (2008 to 2014) she paid expenses using a credit card that surpassed a total of US$1 million.
May 26, 2017 at 10:05AM
from Anti-Corruption Digest
Wembley money-laundering father and son on the run
A businessman and his son were jailed for a total of 21 years in their absence for masterminding an £80million money laundering operation for organised criminals across the UK.
May 26, 2017 at 10:05AM
from Anti-Corruption Digest
Money Laundering and Quant Code
If you are a bank, and you move money for criminals, then you will get in trouble. There is something a little bit weird about this: Airlines don’t generally get in trouble for flying criminals around, and supermarkets don’t get in trouble for selling them food, but banks get in trouble for moving their money. It’s not that weird, as a legal matter, when you consider that banks are not purely private enterprises but have some public-utility functions. The U.S. financial system is in part a tool of U.S. law enforcement, and U.S. banks (and foreign banks that use the U.S. financial system) are deputized to help out law enforcement, and punished if they don’t.
May 26, 2017 at 10:05AM
from Anti-Corruption Digest
Wednesday, May 24, 2017
WholeBoardDevelopmnt retweeted: Maestro Daily: Europe Capital is out! http://ift.tt/2lVw7Vw #corpgov #irchat
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WholeBoardDevelopmnt retweeted:
Maestro Daily: Europe Capital is out! http://ift.tt/2lVw7Vw #corpgov #irchat
May 24, 2017 at 10:09AM
https://twitter.com/WholeBoardDev/status/867240388612026368
from WholeBoardDevelopmnt
Tuesday, May 23, 2017
Ten Things You Need To Know — Before You Accept The Job
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Regina just accepted a new job offer and she’s excited, but she realizes that she forgot to ask a bunch of critical questions before signing and returning the offer letter! Here are ten questions you need to ask and get answers to before accepting a new job.
May 23, 2017 at 10:02AM
from Liz Ryan, Contributor
Friday, May 12, 2017
BanQu – Financial Network on Blockchain creating Economic Identity for the unbanked
In one of my previous posts, I discussed how startups in the Nordics were working with their governments to help refugees get on the social and economic ladder. With due respect to the work being done there, use cases of providing banking and payments capabilities to refugees, is a tactical short term fix almost. The real problem is that refugees do not have an economic identity. BanQu, led by Ashish Ghadnis and Hamse Warfa (an ex-refugee from Kenya) are trying to solve this problem. They are using proprietary blockchain technology to drive financial and social inclusion through economic identity for about £2.7 Billion unbanked people globally.
Between the two founders at BanQu, they have various stories to tell on why they embarked on this journey. Hamse Warfa was refugee himself from Kenya when he was 12. He lost his identity (not just a name), when he had to flee his country with his family. After twenty years, he now has a doctorate in public administration at Hamline University, left a job with Margaret A. Cargill Foundation to start BanQu. However the experience of being a refugee in the process made him realise the criticality of economic and social identity.
The average stay for a refugee in a camp is 17 years. This long duration of economic exclusion is compounded by high poverty settings that refugees live in, given that 90% of refugees come from regions considered economically less developed.
Ashish Ghadnis the CEO and Co-Founder of BanQu, is a serial entrepreneur. He sold his previous business in 2012, and started volunteering in Africa. During his charitable endeavours in Africa, he identified problems that many Africans face.
A woman farmer feeding a family of eight people at $300 a year, who has an acre of land on which she has been growing corn, and using the income to run her family for thirty years. This lady has no identity or financial history. But it is just common sense that she deserves financial inclusion and would be highly credit worthy. This is true for many women in countries like Myanmar, Bangladesh, Syria, Congo, Somalia, CAR, Burundi, Colombia, El Salvador.
True transformation, true inclusion, and true fairness and 100% worldwide inclusion in the global economy can ONLY come from a massive shakeup; a massive redesign that fundamentally changes the foundation of the world’s economy.
So how does BanQu provide economic identity using blockchain? In four simple steps.
- Create an identity for the unbanked on BanQu’s Distributed Ledger platform
- Onboard the banked, financial institutions and other financial stakeholders to BanQu
- Allow connections between the parties (banked and the unbanked) to build a mini financial network
- Create history of transactions on the platform, which would eventually become the economic identity of the unbanked, using which they can scale their access to various financial avenues.
The integrated approach of using principles of Social Media and DLT in a financial context seems quite powerful. Some use cases BanQu are addressing are,
Remote Purchase: Say, A is banked and B is a unbanked friend/family living elsewhere. B can connect to A on BanQu. This allows A to provide funding to B, which B can use to purchase goods from say C.
Funded Wallet: A could also remotely add funds to B’s wallet, and B can use this to purchase goods from C
Term Purchase: B purchasing goods from C could happen on pre-agreed terms, where payments can be spread over a period of time.
Remittance: Remittances can also happen using remote funding of wallets where, A can fund B’s wallet for a particular amount, and B can receive cash from C (instead of goods in the above case).
Credit Worthiness: All the above scenarios provide a track record for B to move from Unbanked to Banked. And over a period of time this could help B establish credit worthiness in the financial world.
Wearing my investor hat on, that’s too many use cases for a startup to handle so early in the game. And I often get sceptical and fear for the entrepreneur who starts with “I am going to change the world”. But BanQu somehow feels right, honestly.
The real challenge is setting up the financial network infrastructure and bringing onboard a good mix of credible unbanked and helpful banked. Once this happens growth could be viral and the financial network could be used for endless purposes.
A case study as described by Ashish: If you’re a poor female farmer on the Tanzania-Rwanda border, feeding a family of eight or ten on $300 a year, which is less than $2 a day. At harvest, the broker says to her that unless she sells her corn to him at a price it will get wasted. The mother is forced to sell the corn because she has no access to information. She has no identity. But if she has a piece of land and has been harvesting crops for thirty years, she should be able to produce 100 kilos of corn. Then the U.N. has orchestrated buyer contracts for that 100 kilos of corn.
Using BanQu, this mother/farmer has three things which she never had before.
One: On her phone, through the blockchain and BanQu, she gets to know that her one acre land can help her produce 100 kilos of corn for which she has a buyer (the U.N.), even if the harvest is a few months away.
Two: If you dry the corn to 13 percent moisture content, the price of corn doubles. With BanQu’s technology, the mother has an identity, she owns a piece of land, has a produce forecast and a buyer. And that buyer is now going to allow her to get collateral to get a dryer so she can dry her corn. All that becomes part of her history.
Three: The blockchain has given her an identity created by her transaction history. She can now borrow as lenders can see that she has a piece of land, a microloan, a harvest, a dryer and that she is selling them at market price. If that Rwandan woman farmer has her identity in the blockchain and she has gone through three farming cycles, the lender would not charge her 30 percent on $100, but would charge her 4 percent on $100 because she has history.
This makes me wonder if the current financial system needs some very fundamental changes. So many products, with very high barriers to entry, which effectively ignore 2.5 Billion consumers. Surely, its time to go back to the drawing board, and may be, that’s what Banqu are doing.
Like most Fintech use cases of blockchain, this is still in pilot mode, and is yet to be proven as a viable business model. However, once/if it takes off, there is no reason, why this can’t become mainstream and create yet another leapfrog moment.
Arunkumar Krishnakumar is a Fintech thought-leader and an investor.
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May 12, 2017 at 09:56AM
from Arunkumar Krishnakumar
Wednesday, May 10, 2017
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