In response to COVID-19, African central banks have deployed a variety of monetary policy tools, including lowering policy rates, reducing capital requirements, providing various liquidity support measures to the banking sector, allowing...
At the time of writing, despite COVID-19 cases eclipsing 3 million worldwide, stock markets show hesitant uplifts with news of US interest rate holds and hopeful efforts to produce a vaccine. Yet with somber news of recessions already...
FinTech regulatory regimes started emerging in the Gulf region in 2017. Since then, the region has become a hotbed for FinTech activity and regulatory development, with several jurisdictions competing to establish themselves as the FinTech...
It may sound strange, but many of us fortunate enough to live and work in Asia at this point in time have learned to take innovation for granted. In a region as big, diverse, and dynamic as this one, new technologies, business models, and...
When the average company life span on the S&P 500 has dropped from 61 years to 18, spotting change is more critical than ever for a company’s long-term stability and growth. Disruption has made old business models redundant and bankrupted a...
As Asia’s digital economy continues to soar and its consumers continue to lead in digital and mobile-first behaviors, technology disruptors—including FinTechs—are driving industries through a significant transition. Take Gojek, for example...
The Philippines appears poised to become a world leader in the use of financial technology, or FinTech, due to several drivers. First, the geography of the Philippines, a nation of over 7,000 islands, demands an alternative to traditional...
Director, Environmental and Social Innovation team, Milken Institute Strategic Philanthropy
John Schellhase is a director on the Environmental and Social Innovation team at Milken Institute Strategic Philanthropy, where his work focuses on social impact philanthropy. As part of his work, Schellhase contributes to and manages projects related to strengthening corporate philanthropy and operating innovation competitions to advance the Sustainable Development Goals.
The Milken Institute Center for Financial Markets provided a response to the Office of the Comptroller of the Currency (OCC) upon request for comments regarding special purpose national bank charters for FinTech companies. The white paper...
In this letter, we provide initial reactions and thoughts with regards to both the proposed policy on No-Action Letters (NALs) and the Product Sandbox proposal, and propose several recommendations to further strengthen the proposal.
Americans are standing on the cusp of a revolution in how we access and use money, a revolution that could make our economic lives more secure and our economy more robust. Just as e-commerce freed merchants and customers from geographic...
