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Is Central Bank Digital Currency the right tool to expand financial inclusion?
Despite improvement over the last decade, financial inclusion in the Middle East and North Africa (MENA) region remains relatively low. According to the Global Findex, only 53% of adults in MENA have an account (including mobile money) as of 2021, up from 38% in 2011. By comparison, the same headline indicator for Sub-Saharan Africa in […]
When taking a personal loan is a bad idea
Getting a personal loan is often easier if your income is sufficient to repay the loan you have applied for. The lender would check your income, employment, credit score and residence proof before accepting your loan application. Since a personal loan is an unsecured loan, a borrower does not need to pledge any collateral to […]
Expanding the benefits of financial services
Having a financial account is essential for adults to save, borrow, make payments, and manage unexpected expenses. However, financial products come with risks, especially for those with limited financial knowledge or living in countries with poor consumer protection systems. Inexperienced account owners are vulnerable to fraud, over-indebtedness, and misunderstandings about account terms and fee structures. […]
Strategic Financial Leadership: 6 Skills CFOs Need Now
It used to be that a chief financial officer’s primary focus was on the traditional functions of the job: monitoring cash flow and financial activities; serving as a controller and accounting expert; limiting unnecessary spending; and ensuring that financial decisions conformed to standard operating procedures. These duties are still critical, of course, but they’re increasingly […]
Advantages of Google Sheets: Why It’s Time for Finance Pros to Switch From Excel
The Advantages of Google Sheets The main advantages Google Sheets has over Excel are seamless collaborative functionality, the ability to handle extremely large projects and data sets through its integration with BigQuery, and the automation opportunities available through Google Apps Script. While Excel and others also offer these capabilities, Google has made them so intuitive […]
How Forensic Accounting Can Supercharge Your Financial Risk Analysis
What Is Forensic Accounting? Forensic accountants, also called investigative accountants, are commonly associated with investigating criminal activity, but that’s not all they do. These specialized practitioners are equipped with specific accounting skills and tools to dig into what lies beneath financial statements and uncover other hidden problems and risks, including those related to: Fraud: loss […]
Why Your Startup Pitch Needs Sensitivity Analysis
As an FP&A specialist who has supported multiple successful eight- and nine-figure fundraising efforts through financial modeling and pitch deck development, I’ve learned firsthand the nuances that separate founders who get funding from those who leave the table empty-handed. To present a convincing case, founders must show that they’re effectively balancing risk and responsibility by […]
