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People-Centered Finance: How behavioral economics can improve financial products – part 2 of our Q&A with Alexandra Fiorillo, VP at ideas42
Why do people struggle to make sound financial decisions? Answering that question is one of the missions of ideas42, a consulting organization that specializes in behavioral economics, the study of how market decisions are made. We spoke with Alexandra Fiorillo, a vice president at ideas42, about how behavioral economics can improve financial product design.
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Swiss insurer invests $1B to fight global warming
Zurich Insurance is investing $1 billion to fight climate change in a sign of growing demand for socially conscious investing.
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- impact investing
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Five Reasons Washington Should Leave Bitcoin Alone
This afternoon the Senate Committee on Homeland Security will hold a hearing on virtual currencies, followed by a Banking Committee hearing Nov. 19. Judging from the witness lists, lawmakers will hear the usual warnings about how Bitcoin and other digital monies facilitate money laundering, online underground drug bazaars, Internet gambling and worse.
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Impact investors now tap urban poor market
Impact investment funds and social entrepreneurs are now targeting social ventures that cater to the urban poor segment. There is a visible departure from earlier practice where the focus of most impact funds was on funding micro finance institutions, catering largely to the rural poor, and similar base-of-pyramid ventures in a rural set up.
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- impact investing
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India launches first bank exclusively for women
India launched its first public sector bank catering for women on Tuesday, an initiative aimed at economically empowering millions of women across the country who do not have access to basic financial services such as bank accounts or loans.
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- South Asia
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Microcredit has been a disaster for the poorest in South Africa
The finance model was supposed to help the country's disenfranchised, but has just pushed them further into debt
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- Sub-Saharan Africa
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PHOTOS: What If The Poor Weren’t Marginalized?
The idea of "financial inclusion" can seem abstract or difficult to comprehend until you put a human face on it.
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Crowdfunding in China could be $50 billion business by 2025
By 2025, crowdfunding in China could explode to $46 -$50 billion—about half the amount expected to be channeled to startups and businesses throughout the world, according to a new World Bank report
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- Region
- Asia Pacific
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- crowdfunding
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