World Bank

55 results about this entity

Period: 21 Oct 2003 - 12 Jan 2024

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Fintech to spur financial inclusion

/inclusion

Fintech to spur financial inclusion

Fintech can spur financial inclusion by facilitating payments, but it is not a panacea and comes with risks that need to be managed, concludes a report by the Committee on Payments and Market Infrastructures (CPMI) and the World Bank.

Visa joins $80m Currencycloud funding round

/payments

Visa joins $80m Currencycloud funding round

London-based B2B cross-border payments outfit Currencycloud has raised $80 million in a Series E funding round joined by blue-chip investors such as Visa, BNP Paribas and Siam Commercial Bank.

Demica to provide technology platform for IFC’s Global Trade Supplier Finance programme

Demica, one of the largest independent providers of working capital solutions, today announced that its supply chain finance platform will be used to support IFC’s Global Trade Supplier Finance program.

World Bank issues second tranche of blockchain bond

The World Bank (International Bank for Reconstruction and Development, IBRD rated Aaa/AAA) has raised an additional A$50 million for its Kangaroo bond due August 2020 - the first bond created, allocated, transferred and managed through its life-cycle using distributed ledger (blockchain) technology.

World Bank and CBA record secondary bond trading on a blockchain

World Bank and CBA record secondary bond trading on a blockchain

The World Bank and Commonwealth Bank of Australia are trumpeting the success of a project to record a secondary bond market trade on a distributed ledger.

DLT ready to drive widespread disruption in cross-border payments

DLT ready to drive widespread disruption in cross-border payments

The cross-border payments industry is "ripe for disruption", with distributed ledger technologies leading the charge, according to a blog post published by the World Bank.

/wholesale

World Bank signs for SimCorp Dimension

SimCorp, a leading provider of investment management solutions and services to the global financial services industry, announces that it has signed a license agreement with The World Bank for use of SimCorp’s investment management system, SimCorp Dimension.

/inclusion

Absa Innovation Lab to host World Bank's Mission Billion Challenge

The World Bank’s Identification for Development (ID4D) Initiative is partnering with WorkInProgress, an Absa Innovation Lab in Cape Town, to host a ‘solveathon’ workshop for the inaugural Mission Billion Challenge.

/regulation

IMF and World Bank unveil Fintech Agenda

The International Monetary Fund and the World Bank Group today launched the Bali Fintech Agenda, a set of 12 policy elements aimed at helping member countries to harness the benefits and opportunities of rapid advances in financial technology that are transforming the provision of banking services, while at the same time managing the inherent risks.

World Bank raises $110 million with blockchain managed bond

The Commonwealth Bank (CBA) has helped its client, the World Bank, launch bond-i - the world’s first bond to be created, allocated, transferred and managed through its life cycle using distributed ledger technology.

CBA and World Bank collaborate for DLT bond issuance

CBA and World Bank collaborate for DLT bond issuance

Commonwealth Bank of Australia is collaborating with the World Bank on the creation of a Ethereum-based platform for blockchain bond issuance.

Mastercard and IFC renew financial inclusion programme

Mastercard and IFC, a member of the World Bank Group, today bolstered their partnership to drive financial inclusion, updating a $250 million global risk-sharing facility to expand access to electronic payments in emerging markets.

World Bank reports record growth in remittances

Remittances to low- and middle-income countries rebounded to a record level in 2017 after two consecutive years of decline, says the World Bank’s latest Migration and Development Brief.

Mobile money drives financial inclusion but gender gap persists

Mobile money drives financial inclusion but gender gap persists

Financial inclusion is on the rise globally, accelerated by mobile phones and the internet, but gains have been uneven across countries and men remain more likely than women to have an account, according to a new World Bank report.

IFC becomes anchor investor in $100 million Partech Africa startup fund

IFC, a member of the World Bank Group, has helped Partech Ventures launch a €100 million fund that is expected to become the largest venture-capital fund focused on digital-technology start-ups in sub-Saharan Africa.

Mobile lender WeLab scoops $220 million in financing

Mobile lender WeLab scoops $220 million in financing

Alibaba, Credit Suisse, and the World Bank's International Finance Corporation have joined in a $220 miliion Series B and debt financing round for Hong Kong-based mobile lender WeLab.

IFC Invests in LMRKTS

International Finance Corporation (“IFC”), a member of the World Bank Group, and LMRKTS are pleased to announce an equity investment by IFC in LMRKTS to help expand LRMKTS into the emerging markets.

World Bank selects Asset Control for data management

Asset Control, a leading provider of financial data management solutions, is proud to announce that it has been selected by The World Bank Group.

Remittances edge up slightly in 2015 as more banks pull back

Remittances to developing countries grew only marginally in 2015, as weak oil prices and other factors strained the earnings of international migrants and their ability to send money home to their families, says the World Bank’s latest edition of the Migration and Development Brief, released today.

World Bank reports big drop in numbers of unbanked

World Bank reports big drop in numbers of unbanked

A new report from the World Bank has recorded a massive 20% drop in the numbers of unbanked consumers, as 700 million adults worldwide joined the formal banking system and became account holders between 2011 and 2014.

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