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FINCA gears up for digital disbursement solutions in Pakistan
The bank will use gadgets to get all necessarily details of the client via biometric verifications, thereby reducing the loan-processing time to within 48 hours. Apart from gadgets, the bank’s newly launched mobile wallet, SimSim appears to be the management’s hope to increase foothold in rural localities.
- Categories
- Financial Inclusion, Technology
- Region
- South Asia
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Runaway Trains of Thought: How Boosting Cognitive Bandwidth Can Fight Poverty
Cognitive bandwidth allows humans to reason, focus and resist impulses – and unfortunately, we have only a limited amount of it. Everyone struggles to make decisions when they run low on cognitive bandwidth, but the added stress of poverty consumes more of it. Creating simple ways to free this bandwidth, whether through money or time, can elevate helpful anti-poverty programs into transformative ones, according to ideas42.
- Categories
- Financial Inclusion, Health Care
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3 ‘model countries’ selected for a new financial inclusion initiative
“The three countries selected were chosen based on potential for country programs, level of national government and private sector commitment to financial inclusion, number of people that could be reached through digital financial services, and potential for reforms to encourage innovation and digital technologies use,” read a statement issued Thursday.
- Categories
- Financial Inclusion
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Five Keys to Raising Social Enterprises’ ‘Talent Quotient’
Working toward social impact is a people business, but many organizations and enterprises struggle to find the time and resources to support the people who work for them. Nicole Etchart, co-founder and co-CEO of impact investing firm NESsT, offers leaders of social enterprises a guide to building their teams and optimizing their talent as an investor would.
- Categories
- Financial Inclusion, Investing
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New Report Details How Legacy Financial Institutions Are Deepening Financial Inclusion Through Fintech Partnerships
The report, "How Financial Institutions and Fintechs Are Partnering for Inclusion: Lessons from the Frontlines" is based on 24 in-depth interviews with firms and experts from around the world, and highlights 14 partnerships in as many countries.
- Categories
- Financial Inclusion
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Innovations in Financial Inclusion: Delivering Capital to MSMEs and Growing Businesses in India
India's 51 million-plus micro, small and medium enterprises are critical drivers of growth in the nation's economy, employing an estimated 115 million people. But due to several factors, including information asymmetry, the sector has been unable to access credit as readily as larger corporations. Intellegrow CEO Akbar Khan discusses some innovations and initiatives that are helping deliver capital to these vital businesses.
- Categories
- Entrepreneurship, Financial Inclusion, Investing
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Entrepreneurship is a Skill, Not a Talent: The Power of the Group-Based Graduation Model
Village Enterprise implements a cost-effective, group-based, one-year graduation program for rural Africans who live on less than $1.90 per day. The organization believes that entrepreneurship is not just for the naturally business-minded, it's a skill like leadership or teamwork that can be fostered and learned. Its aim, therefore, is to unlock the potential of those who are entrepreneurs by nature and instill the skills of entrepreneurship in those who are not.
- Categories
- Entrepreneurship
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Finca launches Pakistan’s first ever digital wallet
SimSim, a mobile payment platform, was introduced in partnership with Finja – an internationally funded FinTech startup – at a launch event Thursday night at Mohatta Palace, Karachi. The event was attended by major industry stakeholders, government officials, artists, tech enthusiasts and media figures.
- Categories
- Financial Inclusion, Technology
- Region
- South Asia
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