Better Than Cash Alliance

New Report Raises Concerns About Potential Social Inequalities, Abuse, and Mental Manipulation in the Metaverse

Retrieved on: 
Wednesday, July 19, 2023

NEW YORK, July 19, 2023 /PRNewswire/ -- The metaverse has the potential to empower individuals, particularly those facing vulnerability in the real world, but could also accentuate social inequalities and increase the risk of abuse and manipulation. This is the finding of Human Vulnerability in the Metaverse, a new research paper that explores potential risks and challenges posed by the development of the metaverse. Co-developed by Vulnera and the Alliance for Universal Digital Rights (AUDRi) (co-founded by Equality Now and Women Leading in AI), the report emphasizes the need for careful consideration and proactive measures to protect the rights and well-being of individuals, particularly those who are vulnerable or marginalized.

Key Points: 
  • This is the finding of Human Vulnerability in the Metaverse , a new research paper that explores potential risks and challenges posed by the development of the metaverse.
  • The report acknowledges the positive impact the metaverse could have in empowering individuals, particularly those who experience vulnerability in the offline world.
  • A particularly alarming aspect is the new channel for abuse that the metaverse provides, including sexual assault and image-based abuse.
  • "We cannot responsibly talk about the potential of the metaverse without considering safety, accessibility, and how you create a metaverse which is human-centered and respects and promotes human rights," Gibson says.

Dhaka Bank Plugs into TSLC’s Global AI/ML Platform to Transform Bangladesh’s Consumer Lending Landscape

Retrieved on: 
Wednesday, March 15, 2023

CASHe Alliance Limited (CAL) and Dhaka Bank Limited (DBL) announced on March 12th the commercial launch of the eRin app after receiving regulatory approval from Bangladesh Bank.

Key Points: 
  • CASHe Alliance Limited (CAL) and Dhaka Bank Limited (DBL) announced on March 12th the commercial launch of the eRin app after receiving regulatory approval from Bangladesh Bank.
  • Emranul Huq, Managing Director and CEO at Dhaka Bank, said: "I am proud of our team for successfully piloting and launching the eRin app in collaboration with CASHe Alliance.
  • This historic approval to deliver up to BDT 50K confirms Dhaka Bank's commitment to innovation and financial inclusion.
  • Deepak H. Saluja, Co-Founder, and Group CEO at TSLC, said: “We are delighted to see Dhaka Bank, our principal partner and anchor bank, secure a unique, landmark regulatory approval from the Bangladesh Bank.

Dhaka Bank plugs into TSLC's global AI/ML platform to transform Bangladesh's consumer lending landscape

Retrieved on: 
Tuesday, March 14, 2023

DUBAI, United Arab Emirates, March 14, 2023 /PRNewswire-PRWeb/ -- CASHe Alliance Limited (CAL) and Dhaka Bank Limited (DBL) announced on March 12th the commercial launch of the eRin app after receiving regulatory approval from Bangladesh Bank.

Key Points: 
  • DUBAI, United Arab Emirates, March 14, 2023 /PRNewswire-PRWeb/ -- CASHe Alliance Limited (CAL) and Dhaka Bank Limited (DBL) announced on March 12th the commercial launch of the eRin app after receiving regulatory approval from Bangladesh Bank.
  • The mass launch comes after a successful pilot phase and rigorous analysis by the Bangladesh Bank of its features like suitability, user-friendliness, and security.
  • The app has reached a 40% monthly growth on monthly active users (MAU) by providing a personal loan within minutes.
  • Deepak H. Saluja, Co-Founder, and Group CEO at TSLC, said: "We are delighted to see Dhaka Bank, our principal partner and anchor bank, secure a unique, landmark regulatory approval from the Bangladesh Bank.

UK-India Fintech Sectors to Drive Growth, Prosperity of Both Countries

Retrieved on: 
Friday, September 30, 2022

With our combined expertise, the UK and Indian financial sectors continue to drive growth and prosperity in our respective countries.

Key Points: 
  • With our combined expertise, the UK and Indian financial sectors continue to drive growth and prosperity in our respective countries.
  • The UK currently holds the top spot as Europe's fintech hub.
  • India, on the other hand, is on the verge of becoming Asia's top fintech hub with the highest adoption of fintech products and the emergence of many unicorns.
  • The Lord Mayor referred to the UK-India Vision 2030 as the bridge between these two powerhouses of the global fintech landscape.

India Reiterates Its Commitment Towards Sustainable Development Through Fintech at Global Fintech Fest 2022

Retrieved on: 
Friday, September 30, 2022

MUMBAI, India, Sept. 30, 2022 /PRNewswire/ -- Indian Finance Minister and Reserve Bank of India Governor reiterated their commitment towards sustainable development while speaking at the Global Fintech Fest 2022 (GFF 2022) being held in Mumbai September 20 to 22, 2022.

Key Points: 
  • MUMBAI, India, Sept. 30, 2022 /PRNewswire/ -- Indian Finance Minister and Reserve Bank of India Governor reiterated their commitment towards sustainable development while speaking at the Global Fintech Fest 2022 (GFF 2022) being held in Mumbai September 20 to 22, 2022.
  • The theme of India's largest fintech conference was, 'Creating a Sustainable Financial World: Global, Inclusive, Green'.
  • Madhabi Puri Buch laid down some core principles that guide regulators, while delivering her keynote address at the Global Fintech Fest 2022 (GFF 2022) in Mumbai.
  • GFF 2022 is being supported by the Unique Identification Authority of India (UIDAI), National Investment Promotion & Facilitation Agency (Invest India), Startup India, Reserve Bank Innovation Hub (RBIH) and ONDC.

Germany has put digitalisation and sustainability as high priority on its G7 presidency agenda: Doris Dietze, Head of Division, German Federal Ministry of Finance

Retrieved on: 
Friday, September 30, 2022

MUMBAI, India, Sept. 30, 2022 /PRNewswire/ --Speaking at the Global Fintech Fest 2022, Doris Dietze, Head of Division, German Federal Ministry of Finance said, "Germany has put digitalisation and sustainability as high priority on its G7 presidency agenda.

Key Points: 
  • MUMBAI, India, Sept. 30, 2022 /PRNewswire/ --Speaking at the Global Fintech Fest 2022, Doris Dietze, Head of Division, German Federal Ministry of Finance said, "Germany has put digitalisation and sustainability as high priority on its G7 presidency agenda.
  • Therefore, the German government are strongly pushing the fintech sector and the startup ecosystem as a whole.
  • At the Ministry of Finance, we are currently in the process of launching a so-called Future Financing Act to further strengthen the establishment of startups and fintechs.
  • The bilateral trade between India and Germany reached record high last year with around USD 26 billion and keep on growing.

‘We Need New Form of Money’ Sopnendu Mohanty, Monetary Authority of Singapore at Global Fintech Fest 2022

Retrieved on: 
Friday, September 23, 2022

Speaking at Global Fintech Fest (GFF) 2022, at a fireside chat with Smita Aggarwal, Global Investments Advisor of Flourish Ventures, Mr. Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore, said, In the new architecture of Web 3.0, asset transfers are not only done traditionally, therefore we need a new form of money that transacts on a distributed ledger.

Key Points: 
  • Speaking at Global Fintech Fest (GFF) 2022, at a fireside chat with Smita Aggarwal, Global Investments Advisor of Flourish Ventures, Mr. Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore, said, In the new architecture of Web 3.0, asset transfers are not only done traditionally, therefore we need a new form of money that transacts on a distributed ledger.
  • It was held between September 20 and 22, 2022 at the Jio World Convention Centre in Mumbai.
  • We have successfully connected the UPI equivalent network of Singapore known as PayNow, with Thailands PromPay, to facilitate seamless cross-border transfers.
  • The retail CBDC can be extremely efficient and cost-effective and can even avert the need of a UPI rail for money transfers.

UK-India Fintech Sectors to Drive Growth, Prosperity of Both Countries: Alderman Vincent Keaveny, Lord Mayor, City of London

Retrieved on: 
Thursday, September 22, 2022

The Lord Mayor, City of London, emphasized the need for greater cooperation between India and the UK for a flourishing fintech ecosystem in both the countries.

Key Points: 
  • The Lord Mayor, City of London, emphasized the need for greater cooperation between India and the UK for a flourishing fintech ecosystem in both the countries.
  • "The City of London Corporation is committed to deepening the terms between the businesses of London and India.
  • With our combined expertise, the UK and Indian financial sectors continue to drive growth and prosperity in our respective countries.
  • The Lord Mayor referred to the UK-India Vision 2030 as the bridge between these two powerhouses of the global fintech landscape.

Global Fintech Fest 2022: India Reiterates Its Commitment Towards Sustainable Development Through Fintech

Retrieved on: 
Thursday, September 22, 2022

MUMBAI, India, Sept. 22, 2022 /PRNewswire/ -- Indian Finance Minister and Reserve Bank of India Governor reiterated their commitment towards sustainable development speaking at the Global Fintech Fest 2022 (GFF 2022) being held here September 20 to 22, 2022.

Key Points: 
  • MUMBAI, India, Sept. 22, 2022 /PRNewswire/ -- Indian Finance Minister and Reserve Bank of India Governor reiterated their commitment towards sustainable development speaking at the Global Fintech Fest 2022 (GFF 2022) being held here September 20 to 22, 2022.
  • The theme of India's largest fintech conference is, "Creating a Sustainable Financial World: Global, Inclusive, Green."
  • We are focussed on creating a sustainable financial world which is global, green, and inclusive."
  • GFF 2022 is being supported by the Unique Identification Authority of India (UIDAI), National Investment Promotion & Facilitation Agency (Invest India), Startup India, Reserve Bank Innovation Hub (RBIH) and ONDC.

'We Need New Form of Money:' Sopnendu Mohanty, Monetary Authority of Singapore

Retrieved on: 
Thursday, September 22, 2022

He was at a fireside chat with Smita Aggarwal, Global Investments Advisor of Flourish Ventures.

Key Points: 
  • He was at a fireside chat with Smita Aggarwal, Global Investments Advisor of Flourish Ventures.
  • "Under the new architecture, tokenisation will enable both asset ownership and transfer of value to happen in real-time," Mr. Mohanty added.
  • "We have successfully connected the UPI equivalent network of Singapore known as PayNow, with Thailand's PromPay, to facilitate seamless cross-border transfers.
  • The retail CBDC can be extremely efficient and cost-effective and can even avert the need of a UPI rail for money transfers.