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Four Stories of Financial Exclusion: How Identity Barriers are Blocking Financial Access for Refugees and Other Vulnerable Groups
Venezuela's emigration crisis has reached epic proportions. And according to Anjali Ramachandran at Storythings, among the millions who have fled the country, countless people lack financial access because they struggle to prove their identity. She highlights the stories of refugees and others whose lives could be improved by alternatives to traditional ID requirements.
- Categories
- Finance
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Banking on Human Capital: What Financial Institutions Need to Do – Now – to Enable a COVID-19 Recovery
Every crisis carries its own unique signature, and COVID-19 is likely to be defined by a series of flare-ups and lockdowns, says Elisabeth Rhyne at the Financial Access Initiative. Within that scenario, the financial inclusion sector needs to determine the most effective ways to reduce the pandemic's impact on vulnerable people and businesses – and it needs to start immediately.
- Categories
- Coronavirus, Finance
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It Takes a Bank to Rebuild a City: JPMorgan, Detroit and the Value of Private Sector Solutions to Urban Decay
Many large U.S. cities have fallen victim to extreme urban decay – and nowhere does this ring truer than in Detroit. But according to Mike Brown at LendEDU, the city is experiencing a turnaround, due in part to a five-year, $150 million investment by JPMorgan Chase. He explores why private sector giants should use their financial might to build upon this success.
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Press Release: JPMorgan Chase Makes $50 Million Philanthropic Investment to Help Address Immediate and Long-Term Impacts of COVID-19
JPMorgan Chase announced a $50 million global philanthropic commitment to address the immediate public health and long-term economic challenges from the COVID-19 global pandemic.
- Categories
- Coronavirus, Finance
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Financial Inclusion: Mexico Plans a Bank-Building Spree
Financial inclusion has long been a problem in Mexico. Less than half of the population has a bank account. The credit-to-GDP ratio is around 34% – stubbornly low relative to comparable countries in Latin America.
- Categories
- Finance
- Region
- Latin America
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Matt Damon’s Impact Investing Fund Backs CreditAccess Grameen
Mumbai-listed CreditAccess provides group lending products as well as retail finance products. It also offers access to non-financial services such as customer awareness and education programmes and sanitation efforts.
- Categories
- Investing
- Region
- South Asia
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JP Morgan Chase — the Oil Industry’s Bank of Choice — Will Withdraw Support for Some Fossil Fuels
It will put restrictions on financing new coal-fired power plants, phase out “credit exposure” to the industry by 2024 and stop funding new oil and gas drilling projects as part of protecting the Arctic National Wildlife Refuge.
- Categories
- Environment
- Tags
- banking, environment, fossil fuels
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BRAC Founder Sir Fazle Hasan Abed Passes Away
"We will honour his legacy with the same resilience, dignity and humility that he has instilled in us."
- Categories
- Finance
- Region
- South Asia
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