TODAY
January 11, 2021
Nigeria’s deposit money banks (DMBs) must brace up for the challenge of 2021 that might tax their resolve to remain in business.
Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles.
Their valuable customers such as high net-worth individuals, corporate bodies and other institutions are equally challenged.
In his book, Business Stripped Bare, celebrated iconic entrepreneur and founder of the Virgin Group, Richard Branson, says, “without trustworthy banks, there can be no business, no employment, no money.
The financial sectors earnings are poised for recovery led by healthy traction in economic recovery and abating concerns of sharp deterioration in asset quality, Motilal Oswal said in a report.According to the report, retail disbursements are .
Covid-19 weighs on minds of top executives
Friday January 01 2021
Summary
In the New Year, some of the chief executive officers (CEOs) who talked to Daily Monitor, expect a meagre or mixed performance from the economy on account of contracted growth and subdued government spending.
With every nerve of the economy affected by the pandemic in one way or another, the war against the virus is not yet won. The deaths continue as well as infections.
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As Uganda welcomes the New Year today, economic conditions in the country like elsewhere in the world, remain bleak.
The pandemic has brought the economy to its knees due to a combination of global supply chain disruptions and sudden decline in demand. This is in contrast to the optimism that prevailed before the crisis.
Decoding Sri Lanka’s FinTech Regulatory Sandbox
December, 21, 2020
By Imesha Dissanayake
The sandbox concept evolved from the children’s learning game, vindicating the old “test and learn” approach to foster innovation. According to the UK Financial Conduct Authority (FCA), sandboxes are a safe space in which individuals can test innovative products, services, business models, and delivery mechanisms in a controlled environment.
There are many types of sandboxes available globally with one such type being the regulatory sandbox. A regulatory sandbox apart from its functions as a sandbox, is also a mechanism where the regulator is able to identify regulatory barriers that hinders innovations. UK FCA was the first to introduce a regulatory sandbox in 2016 followed by other countries such as Singapore, Malaysia, Indonesia, Jordan and Australia. The Central Bank of Sri Lanka (CBSL) too launched a regulatory sandbox on 17