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The Islamic Financial Services Board (IFSB) is adding financial inclusion to the industry's to-do list, launching initiatives aimed at widening the reach of sharia-compliant banking to include poorer people.
Islamic Financial Services Board Adds Financial Inclusion to Islamic Banking’s To-Do ListNews
Socially responsible investing in its basic form doesn’t go far enough for some people. After all, countless mutual funds already avoid shares of companies that produce addictive or dangerous products — like tobacco, alcohol or firearms.
Assessing Impact Investing and Borrowing in Old AgeBlog Post
New resources. New partnerships. Even a cool new toilet. This week’s Twitter Top 10 is full of fascinating ideas and useful info, and you can help us get a head start on next week’s list. If you see anything interesting in the Twitterverse, you’re welcome to tweet it to our editors.
Twitter Top 10: 4-12-15Blog Post
Only 20 percent of investors with a net worth of $5 - $25 million factor social responsibility into their investing decisions, according to a recent survey.
Weekly Roundup: Sympathy for the Super-Rich: They don’t care much about socially responsible investing – but are the rest of us any better?
You may be rolling your eyes at the obliviousness of these multi-millionaires to the potential impact of their wealth. That was my initial reaction – until I remembered the email I received last January.News
Shares surge in reaction to radical restructuring for the world’s fourth-most valuable company as it returns to its industrial roots.
GE Is Taking the Axe to Its Finance Arm in a Landmark Strategy ShiftNews
As Bob Dylan would croak, “oh the times they are-a changing”. India Post is quietly retiring its traditional money order service which facilitated pan-India door-delivery of funds to a payee from over 155,000 post offices, reports IANS. Shikha Mathur Kumar, the deputy director general for finance confirmed to the publication and added that India Post will be pushing the electronic money orders (eMO) and instant money orders (iMO).
No Distance Left to Run: India Post Shutters the Traditional Money Order ServiceNews
Base-of-the-pyramid financial services providers in emerging markets are increasingly using data analytics to pioneer new products for reaching the unbanked. Alifinance in China is using the underlying transaction data of vendors on the giant online platform Alibaba to underwrite small business loans. M-Shwari in Kenya leverages M-Pesa's mobile money data for short-term, unsecured credit. Cignifi analyzes cell phone usage to provide credit as well as savings propensity scores. Lenddo uses online social network data for credit risk assessment. Similarly, a number of companies including Tiaxa and MODE use cell phone data to extend immediate nano-credits to prepaid customers who run out of airtime balances.
Driving Financial Inclusion at 4G SpeedBlog Post
In countries from Bangladesh, India and South Africa to Kenya and the United States, Financial Diaries studies have tracked the daily financial transactions of low-income people over time. The leaders of the Kenya Financial Diaries project compare their findings to a similar study in the U.S.
NexThought Monday – It’s a Small World, After All?: Financial Diaries research reveals that the financial lives of low-income families in Kenya and the U.S. aren’t so different
