As many as 42 million Americans aged 50 or older struggle with some aspect of their financial lives, according to new research by the Center for Financial Services Innovation. The new report shows how the work-to-retire model of building savings and paying off debt has been replaced with far more complex scenarios and, for many, delayed retirement. Karen Andres, Vice President at CFSI, sees a solution in fintech – she highlights several apps that leverage tools like prize-linked savings, automated transaction monitoring, and innovative ways to create steady income streams.
We live in an era of multi-sector solutions. But it's easy to forget that diverse sectors working closely toward big global development goals is a recent phenomenon that didn’t happen by chance. At a talk at the William Davidson Institute, Tami Kesselman, founder of Aligned Investing Global, discussed several key tipping points that have allowed the business, government, philanthropic and impact investing communities to overcome misaligned priorities and mistrust. Check out her interview and her predictions on what will come next in multi-sector development.
- Impact Assessment
The Power of Messaging: How WhatsApp is Becoming a Not-So-Secret Weapon Among Small Enterprises in Emerging Markets
Doing business in emerging markets requires significant and often remote communication – from managing inventory to keeping track of transactions and employees in the field. But though donor-funded digitization efforts often focus on building payments use cases, some of the most needed advancements are happening via existing communications channels like WhatsApp, says Strategic Impact Advisors VP Hamilton McNutt. He explores the innovative ways companies are using WhatsApp – and how messaging apps could better serve their needs.
What the ‘Varsity Blues’ Scandal Says (And Doesn’t Say) About Bill McGlashan, the Rise Fund and Impact Investing
Bill McGlashan’s downfall at Rise, TPG's mammoth impact investing fund, has been making national headlines for the past week – sparking a wave of criticism that's putting the sector on the defensive. According to long-time impact investor Lauren Cochran, managing director at Blue Haven Initiative, the critics have a point - but they're missing an important part of the story. She explores what McGlashan's failings say about the Rise Fund and the broader industry – and what impact investing can learn from the scandal.
Though the world is slowly taking action on climate change, much of the debate still focuses on mitigation. In fact, adaptation – becoming resilient to the changes to come – is equally important, say Daniel Rozas and Sam Mendelson at e-MFP. They explore how the financial inclusion industry can help vulnerable communities develop resilience to the disruptions of climate change, and to adapt to permanently changed environments. This year’s European Microfinance Award aims to inspire the sector to make this fundamental shift – interested providers can apply for the €100,000 award until April 9, 2019.