New Crisis, Old Tools - Scenario Planning in Financial Services
At times of extreme crisis and unpredictability, bank leaders do well to rely on trusted tools such as scenario planning. Scenario planning has an advantage over other “tools” as it allows leaders to think forward through different scenarios, establish indicators to determine when circumstances are moving from one scenario to another, and to plan accordingly. At Genesis we have been leveraging our combined expertise to work with clients to implement scenario planning processes during the COVID-19 crisis.
Statement from our CEO on Genesis during the COVID-19 pandemic
As the COVID-19 pandemic unfolds, Genesis is monitoring the evolving situation closely. Our teams have run various scenarios of the effects of the epidemic on the economies in which we operate our business. Genesis chair Stephan Malherbe outlines the position of the firm.
Will mobile money curb spread of Covid-19 in East Africa?
The World Health Organisation’s advisory that cash can carry the virus for several days doesn’t bode well for a continent whose main mode of payment is cash. East Africa seems better placed to curb the spread of the virus thanks to the proliferation of mobile money - and because mobile money users can pay each other without physical contact.
Genesis submits annual report to UN Global Compact on sustainability
As Genesis grows we have sought to ensure that we integrate into a community of ethical development practitioners through becoming a voluntary signatory to the United Nations (UN) Global Compact. These are highlights of our annual Communication on Progress (COP) to the UN Global Compact.
Demystifying cloud banking for financial services providers
Cloud banking has been hailed as a technological innovation that will enable financial services providers (FSPs) in Africa to extend banking services to approximately 717 million people on the continent who are either underserved or unserved.
The five important takeaways from global big business at Davos 2020
Davos 2020 was a turning point for global big business. There were five takeaways that will be important for business going forward. They include stakeholder capitalism as the new orthodoxy to people wanting business to lead to understanding that climate change is a business risk. We unpack them them.
SA can create 500,000 jobs over 10 years in globally traded services
This was one of the key findings of the South Africa in the Digital Age (SADA) process. SADA is an urgent multi-stakeholder initiative to develop a forward-looking digital economy strategy. It is convened by Genesis Analytics in partnership with the Gordon Institute of Business Science and the Pathways for Prosperity Commission at Oxford University.
2019 was the year Genesis Analytics became a global African firm
We have grown our presence in West Africa and our offices in Nairobi and London. We are also looking to establish a presence in North America. We’ve been blessed with productive and enjoyable partnerships during the year. Most of all, we’ve been struck by the power of helping our clients seek out the great opportunities that exist amid the surface volatility of what has been a historic year.
Platforms for small and emerging retail businesses to go online
Genesis analyst Ndodzo Mawela writes that digital platforms have the potential to create significant opportunities for small and emerging retail businesses in Africa. However, to harness their full potential, special attention needs to be paid to providing affordable and reliable ICT infrastructure.