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The Superplatforms are Coming … And They Will Transform Financial Inclusion
With their big brands, big budgets and big data, superplatforms like Google, Amazon, Facebook and Alibaba already know more about most banks’ customers than the banks themselves. As these internet giants make increasing inroads into financial services, what are the implications for low-income customers – and their existing providers? David Porteous of BFA and Olga Morawcynski of MasterCard Foundation explore how these platforms are reshaping the face of financial inclusion around the world.
- Categories
- Finance, Technology
- Tags
- data, financial inclusion, fintech
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The Age of Crypto-Giving: Why Cryptocurrency Will Become an Important Driver of Nonprofit Donations
In the U.S. alone, total charitable donations rose to a new high of $410 billion in 2017. Meanwhile, there are now more than 1,600 unique cryptocurrency tokens or coins spread across the world, with an aggregate value of over $100 billion dollars. According to Engiven CEO James Lawrence, the alignment of charitable giving with emerging cryptocurrency technologies represents "one of the most important fundraising opportunities for nonprofit growth since the adoption of electronic giving." He explains why in this thought-provoking post.
- Categories
- Finance, Technology
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Hidden Opportunity: How Investors Can Unlock the Potential of Refugee Entrepreneurs
Globally, almost 70 million people were displaced as of 2017. But though this refugee crisis is serious and growing, a more hopeful narrative is being overlooked, say John Kluge and Tim Docking at the Refugee Investment Network. Refugees are natural entrepreneurs whose businesses can make a major impact on themselves, their families and their communities – an impact that would grow with more investor support. Kluge and Docking discuss a recent RIN report that explores the emerging “refugee investing” movement, and why it represents an exciting field in impact investing.
- Categories
- Investing, Social Enterprise
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Young, African, Employed – How A Ugandan Startup Aims to Mobilize the Continent’s Youth
Almost 80 percent of Ugandans are below the age of 30 – and many of them are struggling to generate a reliable livelihood. Hire the Youth is addressing this issue through online and in-person programs advancing youth employment and education, using a hybrid non-profit and for-profit model. Its founder, Ssenkubuge Kenneth, discusses the challenges the startup has faced – and how it has overcome them – as it aims to expand its services into other African countries.
- Categories
- Social Enterprise
- Tags
- employment, startups
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Turning Saris into Stainless Steel: How the Companies of the Future Can Learn from Business Models of the Past
In India in the 1970s, tens of thousands of itinerant street vendors carried stainless steel kitchenware products from door to door, bartering them for saris and other old clothes in a complex, multi-tiered supply chain. According to Prashant Yadav at Harvard Medical School, these vendors’ business model – like others from past decades – holds valuable lessons for modern enterprises working in challenging markets. He shares some of these insights – and encourages others to do likewise – in this fascinating article.
- Categories
- Uncategorized
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Gender Discrimination Drives Income Inequality: How Impact Investors Can Respond
Investors have increasingly begun to realize that income inequality is one of the most urgent socioeconomic challenges of our time. But while the problem has many causes, few stand out as significantly as gender discrimination. In light of a new report on how investors can respond to income inequality, William Burckart, Michael Musuraca and Steve Lydenberg explore the high cost of gender discrimination – and share some of the ways investors are addressing the issue.
- Categories
- Investing
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From Paper to Digital: A Guide to Transitioning to Mobile Data Collection
Frontline workers play a critical role in gathering information from – and delivering services to – rural communities. For years, these workers used paper forms and guides, leading to delays, problems with accuracy, and trouble measuring program effectiveness. Mobile data collection tools can help address these challenges, but transitioning to a digital system is not as easy as simply digitizing paper forms. Sam Farnham at Dimagi shares insights and a free guide that can clarify the process.
- Categories
- Technology
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A Roadmap to Food Security: Linking Geodata with Financial Inclusion to Support Smallholders
Smallholder farmers produce a staggering 70 percent of the world’s food, making them essential to food security. Geodata applications have been shown to improve these farmers’ yields and even boost their financial access – one of the main obstacles to increasing production. To help tap into these benefits, NpM’s Innovator’s Challenge brought together 17 tech companies with geodata-based solutions for smallholder financial inclusion. NpM director Josien Sluijs discusses the winning companies, and the broader potential of geodata-based innovation.
- Categories
- Agriculture, Finance, Social Enterprise, Technology
