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Success at Scale: How CARD Bank activated 480,000 poor savers in the Philippines
Grameen Foundation recently completed an innovative 4-year project with CARD Bank in the Philippines. Their goal: to provide access to secure, accessible and convenient savings accounts targeted to the poor. Julie Peachey describes how Grameen helped the bank open 480,000 new active savings accounts and create the infrastructure for implementation of mobile financial services, while helping its partner ensure sustainability.
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Give People Choices, Not Edicts
Over the past few years, many nations have adopted policies that promise to improve people’s lives while preserving their freedom of choice. These approaches, informed by behavioral economics, are sometimes called nudges.
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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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The Power of Choices: Applying behavioral economics to financial services – part 1 of our interview with Alexandra Fiorillo, VP at ideas42
If you’re working to alleviate poverty, steering people toward wise financial choices can make a huge difference. That’s why we’re excited to introduce ideas42, a consulting organization that specializes in behavioral economics, as a content partner on NextBillion Financial Innovation. We spoke with their VP Alexandra Fiorillo about how behavioral economics can be used to promote financial inclusion and improve lives at the BoP.
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What Exactly Does ‘Better Banked’ Mean?: PopTech event explores fundamental questions around financial inclusion
What would happen if behavioral economists, implementing partners and policymakers got together to think about financial security - along with ethnographers, product designers and entrepreneurs? A recent PopTech salon offered the opportunity, raising fundamental questions of consumer behavior and what financial security means in today’s world.
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Ripe for Innovation: CGAP CEO Tilman Ehrbeck, On How New Approaches to Financial Services for the Poor Are Overcoming a Massive Market Failure
As part of NextBillion Financial Innovation’s launch, we invited a number of top innovators and leaders to contribute their views on financial innovation – what’s driving it, where momentum is heading, and what obstacles remain. Today Tilman Ehrbeck, CEO of CGAP, explores why financial exclusion has persisted at the BoP, and how innovation is turning this around.
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