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Nigeria clamps down on money transfers to the country
The Central Bank of Nigeria has suddenly changed its policy toward money transfer operators, effectively blocking many services used by Nigerians to send money to and from the country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Press Release: JPMorgan Chase & Co. and ideas42 Arm Nonprofits With Behavioral Insights to Help Tackle Financial Challenges Facing the Underserved
At a recent two-day event, JPMorgan Chase and ideas42 launched their newest joint initiative,The Behavioral Design Project: Promoting Financial Health. An immersive 18-month program bringing together 11 leading organizations in the financial capability field to define and tackle tough problems with a behavioral lens, the initiative offers an exciting new pathway to scale proven behavioral science methods in consumer finance.
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- Uncategorized
- Region
- North America
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Press Release: Developed Countries Struggle to Convert Economic Growth Into Well-Being
A new report by The Boston Consulting Group finds that many leading developed countries are not effectively converting their economic growth into well-being improvements for their citizens. Using BCG's measure of well-being, the research also finds a clear and measurable link between financial inclusion -- access to basic financial services such as a bank account -- and national well-being.
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- Uncategorized
- Region
- Europe & Eurasia
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Americans’ Financial Capability Growing Stronger, but Not for All Groups: FINRA Foundation Study
While Americans as a whole are feeling less financial stress, making ends meet remains a daily struggle for millions — particularly women, millennials, African-Americans, Hispanics, and those lacking a high school education. These findings come from the National Financial Capability Study (NFCS), released today by the FINRA Investor Education Foundation (FINRA Foundation).
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- Uncategorized
- Region
- North America
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China touts new bank’s greater understanding of developing world
The China-led Asian Infrastructure Investment Bank (AIIB) will be different from institutions like the World Bank because it has a greater understanding of the developing world's needs, officials said on Sunday at its first annual meeting.
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- Uncategorized
- Region
- South Asia
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‘Ahead of the Curve’ – Three Companies Get Serious About Measuring Customers’ Financial Health
It is easy to track the number of active checking accounts or the number of dollars lent on credit cards. It is much harder to measure if those checking accounts and credit cards are actually helping customers manage their money better. To help financial services providers get serious about measuring their impact, CFSI recently released eight key indicators of financial health, and profiled three companies that are ahead of the curve in understanding customer outcomes.
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- Uncategorized
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Unlocking Empowerment for Poor Customers: Three Tips for Financial Services Providers
We expect financial services to bring several things to the lives of poor people: more options on how to manage their circumstances and opportunities, a sense of confidence and control over their future - a sense of empowerment, in other words. Here are three ways that financial institutions can nurture empowerment among low-income customers through their actions and offerings.
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- Uncategorized
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The Secret Sauce in Shared Value, Lean Startup, Behavioral Economics and Social Enterprise
As an enthusiast for new solutions to old problems I wonder: Are you as excited as I am by relatively recent developments of social enterprises, shared value, behavioral economics and/or lean startups for social change? Or do you skeptically forecast which of these business approaches might just be fads?
- Categories
- Entrepreneurship
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