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Smart Campaign and The MasterCard Foundation in Partnership to Advance Consumer Protection in Financial Services
"It's important to certify the practices of individual financial institutions, but we will not create wholesale, sustainable change until we galvanize the support all of the partners involved in serving low-income people, including regulators and new, technology-based service providers. We must also make a concerted effort to champion the client's perspective," said Isabelle Barrès, Director of the Smart Campaign.
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- Technology
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New Report: Small Merchants Offer Big Financial Inclusion Opportunities
Increasing micro and small merchants’ use of cashless payment systems will require broad participation and innovation from the financial sector, regulators, governments and the private sector. But the impact will be transformative for millions of small merchants, their customers and the broader economies in which they operate.
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- Uncategorized
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Colombia, Peru tied for first place in new report on global financial inclusion
The 2016 Global Microscope on Financial Inclusion shows that essential policies for bringing financial services to low-income groups are now widespread in the developing world. Nine of the 12 financial inclusion indicators covered in the benchmarking index improved globally in 2016, building on gains made during the last decade.
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- Uncategorized
- Region
- Latin America
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AMIR, SEEP and Mastercard in partnership to promote transparency in microfinance sector
An initiative that seeks to enhance consumer protection and promote responsible financing has been launched in Kigali. The second phase of the Responsible Finance through Local Leadership and Learning programme also seeks to promote financial transparency in the microfinance industry.
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- Impact Assessment
- Region
- Sub-Saharan Africa
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Weekly Roundup: Pondering Vice President Bill Gates (Thanks, WikiLeaks), How Buyers Lag Sellers, and FICO Going Big – Real Big
Can you imagine Vice President Bill Gates? We can. That's only part of our Weekly Roundup, which also includes peeks at consumer purchases – or lack therof – from social enterprises; an effort to increase access to credit for over 3 billion people around the globe; and a program that had money, recognition and everything it needed to succeed – except customers.
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- Social Enterprise
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Chemonics and BanQu Partner to Test Blockchain’s Potential to Eliminate Poverty and Improve Aid Effectiveness
On October 17, 2016, international development consulting firm Chemonics and technology company BanQu established the Blockchain for Development Solutions Lab. The lab represents the first concerted effort by a development company to build, test, and scale blockchain solutions to reduce poverty and increase aid effectiveness.
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- Technology
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Global Microscope Highlights Gains in Financial Inclusion and Digitization of Financial Services
Financial inclusion is now on the global agenda and is understood to be a critical foundation in the improvement of livelihoods, according to The Economist Intelligence Unit's (EIU) 2016 Global Microscope on Financial Inclusion. More than half of the 55 countries studied improved their enabling environment for financial inclusion in all areas in the past year.
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- Uncategorized
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FICO and EFL Partner to Extend Access to Credit for “Unscoreable” Consumers and Entrepreneurs in Multiple Markets
As part of its FICO Financial Inclusion Initiative, analytic software firm FICO today announced a strategic partnership with EFL Global to expand credit scoring options for lenders and consumers in markets outside the US. FICO will offer EFL's psychometric scoring alongside its own credit scoring products in global markets, with the initial focus on Turkey, Russia and Mexico.
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- Impact Assessment