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New Brookings Report Highlights Advances in Financial and Digital Inclusion
Utilizing quality, affordable formal financial services effectively enables individuals to save for the future, invest in their livelihoods and families, and protect themselves in the case of financial emergencies. At the macroeconomic level, financial inclusion provides opportunities to promote economic growth, reduce income inequality, and combat poverty.
- Categories
- Technology
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The Olympics: Social Business Opportunity – or Expensive Distraction?
NB editor James Militzer can't stand the Olympics and he's found new reasons to especially hate this year's Games. Meanwhile, fellow editor Kyle Poplin loves the Olympics, thinks they're still relevant and that they can be used to solve global problems. Read their point-counterpoint and see where you come down on the spectrum.
- Categories
- Social Enterprise
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Among Foundations, Who’s the Biggest Impact Investor?
Figuring out which foundations engage in the most impact investing is not so easy. While some reports, like a 2015 study by the Center for Effective Philanthropy, have gauged how widespread this practice has become in foundations, actual dollar amounts are still hard to come by—unlike annual grantmaking tallies, which are readily available.
- Categories
- Impact Assessment, Investing
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Africa Tops 500m Mobile Users, Adds $150bn To Continent’s Economy
Africa now has half a billion mobile users, and the mobile ecosystem added $153-billion to the African economy in 2015, according to a new GSMA study, which predicts smartphone numbers will triple in the next five years.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Mobile Money Meets Microcredit: Creating an Evidence-Based Cross-Sell Strategy
Financial institutions serving low-income communities regularly turn to cross-selling to engage clients. But they don't always consider the particular needs of clients themselves. Based on its research on cross-sell initiatives, Bankable Frontier Associates explores what it takes to enhance clients’ engagement and encourage them to actively use multiple products with an institution over time.
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- Uncategorized
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The Power of Partnerships: Why They Can Be the Key to Reaching the Unbanked
In a world of rapid change, few organizations have all the capabilities needed to accomplish every aspect of their business - something that's clearly true for commercial banks. That's why financial institutions often find success in adapting to new opportunities through partnering. In a new publication, the Center for Financial Inclusion explores how banks use partners to adopt new technologies and reach previously underserved markets.
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- Uncategorized
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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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Meet The Man Championing FinTech In Africa
South African-born Dave van Niekerk is the founder and CEO of MyBucks, a fast-growing African Fintech company that successfully delivers seamless financial services to banked and ‘unbanked’ consumers alike using next-generation technological platforms.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa