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Digital colonisation I Fintech disruption

Posted by: The Conversation Global

Date: Monday, 30 September 2019

 

Editor's note

There’s a global standoff going on about who stores your data. A number of countries, including South Africa, India and Indonesia, recently boycotted a global agreement on data flows, pushing for more of their citizens’ data to be stored on home soil. Some have complained about what they see as “digital colonialism” by Big Tech companies. But Jacqueline Hicks warns that the economic benefits to developing countries of this so-called ‘data localisation’ drive aren’t clear cut - and depend on what kind of data is being stored and where.

Traditional banks are haunted by financial technology - fintech - firms. Kamal A Munir and Hamza Mudassir explain how they found several blind spots among banks who get hit the hardest by disruption. Two stand out in particular: an over-reliance on existing competitive advantages and an inherent misunderstanding of what disruption really means for them.

Gemma Ware

Global Affairs Editor

Top Stories

knyazevfoto/Shutterstock

‘Digital colonialism’: why some countries want to take control of their people’s data from Big Tech

Jacqueline Hicks, University of Nottingham

Can developing countries get rich from data?

Shutterstock

Traditional banks are struggling to stave off the fintech revolution

Kamal A Munir, Cambridge Judge Business School; Hamza Mudassir, Cambridge Judge Business School

Traditional banks don't understand the challenge they face from fintech disruptors and their competitive advantage is on the wane.

Politics + Society

Hong Kong is one of the most unequal cities in the world. So why aren’t the protesters angry at the rich and powerful?

Toby Carroll, City University of Hong Kong

The most likely explanation for the unrest lies not in Beijing’s influence over the city, but rather the nature of Hong Kong government and society itself.

Lessons Indonesia can learn from China in building maritime power

I Gusti Bagus Dharma Agastia, President University

There are limitations on the ground that may hinder the realisation of Jokowi's grand vision of making Indonesia a global maritime power.

Science + Technology

Exoplanet discovery blurs the line between large planets and small stars

Andrew Norton, The Open University

The discovery of a huge planet orbiting a small star challenges our understanding of planet formation.

Dishing the dirt: sediments reveal a famous early human cave site was also home to hyenas and wolves

Mike W Morley, Flinders University; Paul Goldberg, University of Wollongong; Richard 'Bert' Roberts, University of Wollongong

Denisova Cave in Siberia has a rich fossil history of early humans - and deposits of droppings from hyenas, wolves and even bears, according to a new analysis of the cave's dirt floor.

Orangutans can play the kazoo – here’s what this tells us about the evolution of speech

Adriano Reis e Lameira, University of St Andrews

You wouldn't think a kazoo could tell you much about the origins of language. But you'd be wrong.

Curious Kids: what has the search for extraterrestrial life actually yielded and how does it work?

Danny C Price, Swinburne University of Technology

The Universe is mind-bogglingly large and with the latest technology, the search is only just starting to heat up.

Environment + Energy

Sea level rise is inevitable – but what we do today can still prevent catastrophe for coastal regions

Zita Sebesvari, United Nations University

If nothing is done now, seas could rise a metre by 2100, and four metres by 2300.

Revealed: how underwater plants and corals can help animals survive marine heatwaves

Marco Fusi, Edinburgh Napier University

Oxygen produced by these plants helps animals boost their metabolism to match the heat.

 
 
 
 
 
 
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