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How Employers in Poor Countries Are Using Nudges to Help Employees Save Money
The idea is simple: people save more in retirement accounts when they are automatically enrolled by their employer than when they have to sign up themselves.
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Press release: Fenix International’s inclusive employee ownership programme gives first-of-its-kind pay-out in Africa
The ‘Fenix Flames’ programme extends benefits to employees in lieu of traditional company stock options. As part of an employee benefits programme, the scheme was designed to offer a pay-out in the event of an acquisition or public listing.
- Region
- Sub-Saharan Africa
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Behavioural Nudges: Mildly Paternalistic or a Threat to Economic Justice for the Poor?
"Nudges” – ie: the use of behavioral science insights to steer human behavior – are increasingly seen as a cheap and effective way to achieve social goals. But according to social researcher Sally Brooks, there are some troubling questions about whether the use of nudges for business purposes is good for the poor. She explores the issue through the prism of digital financial inclusion in the era of fintech and big data.
- Categories
- Inclusive Fintech, Investing
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How Incorporating Behavioral Science into Cash Transfer Programs Is Changing Lives
More than $200 million in direct cash payments is distributed daily to fight poverty in over 120 developing countries. Evidence shows that the programs are working – but there is new pressure on them to enhance their effectiveness. Josh Martin and Laura Rawlings discuss how ideas42 and the World Bank, with funding from the Global Innovation Initiative, are leveraging behavioral science to help families make the most effective use of cash payments to achieve their goals.
- Categories
- Inclusive Fintech, Technology
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Press release: Common Cents Report: Hacking Human Behavior to Improve Financial Health
Common Cents, a financial research lab at Duke University supported by MetLife Foundation, today unveiled its 2017 Annual Report. The report details behavioral interventions aimed at improving financial health for low- to moderate-income people with more than 27 organizations over the course of 2017, including startups, credit unions, non-profits, and local governments.
- Region
- North America
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Financial Services for Real People: Using Behavioral Science to Boost Financial Health in Latin America
Behavioral economics illustrates how we humans often fail to plan beyond the immediate future. Over the past two years, the MetLife Foundation and behavioral economics lab ideas42 have examined the behavioral barriers standing in the way of financial health for low-income people in two pilot markets, Mexico and Chile. The two organizations have designed solutions that facilitate retirement savings, short-term savings and access to credit.
- Categories
- Inclusive Fintech
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The Curious Case of Myanmar: Can the Country Leapfrog to Digital Financial Inclusion?
Fueled by years of repressed demand, cheap Chinese phones, softening regulations and an aggressive push by the country’s mobile network operators, Myanmar leapfrogged from practically zero phones to almost exclusively smartphones. Looking at this stark contrast, a natural question arises – can Myanmar leapfrog from financial exclusion to "digital" financial inclusion, just as it did in telecom?
- Categories
- Inclusive Fintech, Technology
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Common Cents Lab Opens Applications for 2018 Financial Services Cohort
Each year, the lab collaborates with chosen financial services providers to custom design, test, and launch new features and products that aim to increase financial well-being for 1.8 million low- to moderate-income (LMI) households in America.
- Categories
- Impact Assessment, Inclusive Fintech
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