World News

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

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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.

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Toby Carroll, City University of Hong Kong

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Science + Technology

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

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

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

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

 
 
 
 
 
 

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