Excessive risk and lack of government backing are two reasons one CITI executive has issues with peer-to-peer loans. Read more here.
South African bank focuses on urban unbanked India in bid to increase market share
When it comes to news serving the unbanked, much of the innovation comes from the servicing of rural areas. South African bank FirstRand is doing the opposite, choosing instead to focus on the millions of unbanked Indians who live in major centers. Read the Business Standard article here.