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Press release: Acumen America Makes Its First Financial Inclusion Investment Under New Partnership With Metlife Foundation
Acumen, the nonprofit global venture fund, today announced its first financial inclusion investment under its Acumen America portfolio. Launched in 2016, Acumen America invests in social enterprises addressing the problems of poverty in the United States with a focus on the sectors of health care, workforce development and financial inclusion.
- Region
- North America
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IFC, Central Bank to Create Sri Lanka’s First National Strategy on Financial Inclusion
IFC, a member of the World Bank Group, is partnering with the Central Bank of Sri Lanka (CB) to develop the country’s first National Financial Inclusion Strategy (NFIS) to promote a more effective and efficient process to improve financial inclusion across Sri Lanka.
- Region
- South Asia
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Press release: Wall Street Journal Financial Inclusion Challenge Returns for Fourth Year
The Challenge seeks entries from for-profit and nonprofit enterprises whose product or service is helping to improve the financial health of Americans, including their spending, borrowing, saving, investing and financial planning capabilities. These solutions must be innovative, scalable, sustainable and designed to have a positive social impact.
- Categories
- Uncategorized
- Region
- North America
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Press release: Insurers Leverage New Technologies and Reinvent Business Models to Reach Underserved Consumers, Report Finds
The Center for Financial Inclusion at Accion (CFI) and the Institute of International Finance (IIF), with the support of MetLife Foundation, today released a new report detailing the factors spurring inclusive insurance around the world. It reveals how both traditional and new insurers are breaking open new markets and reaching underserved customers through the use of innovative technologies, business models, product design, and partnerships, enabled by effective regulatory environments.
- Categories
- Finance
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From Haiti to China: 5 Pilots Begin to Reveal Digital Credit’s Uneven Impact
Demand for digital credit is growing in emerging markets, sparking opportunities for providers – and critical questions about its impact on low-income borrowers. CEGA's Digital Credit Observatory awarded five short-term pilot grants to studies in Haiti, the Dominican Republic, India and China, which provided some intriguing answers. Alexandra Wall, Natasha Beale and Carson Christiano of CEGA explore some of the studies' takeaways.
- Categories
- Finance, Impact Assessment
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Press release: Village Capital and MetLife Foundation Award $50,000 To Middle East Financial Health Startups at Forum in Dubai
“MetLife Foundation is proud to partner with Village Capital on this innovative financial health forum that identifies and accelerates early-stage entrepreneurs who are leading the way toward a more financially inclusive Middle East,” said Dennis White, President and CEO, MetLife Foundation. “Village Capital’s approach to identify and support local entrepreneurs that have a deep understanding of culturally-relevant customer needs and solutions helps advance MetLife Foundation’s overall goal to provide individuals and communities with the tools they need to achieve sustainable financial well-being.”
- Categories
- Uncategorized
- Region
- North Africa & Near East
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Empowerment Mainstreamed: Applying Gender Equity Across the ESG Standard
With the emergence of impact investing, the time is ripe for a transformation in global business practices regarding gender equality and women’s empowerment. But for that to happen, businesses and investors will need to expand gender considerations beyond the narrow confines of the social dimension of ESG, says Linda Jones of Mennonite Economic Development Associates. She explores MEDA's innovative framework for helping enterprises apply gender goals across the ESG standard.
- Categories
- Investing
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The Secret Ingredient in Product Design: How Crossing the ‘Emotional Gateway’ Can Boost Financial Services
Banks can be intimidating places for people who have never set up an account, let alone stepped foot in one. But people love and trust their savings groups, which are a mainstay of financial security in dozens of countries. Innocent Ephraim at the Financial Sector Deepening Trust and Daryl Collins at Bankable Frontier Associates (BFA) ask: How can formal providers offer financial services that appeal to users in the same way?
- Categories
- Finance
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