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Serving the 57 Percent: That’s the percentage of American adults who are struggling financially – CFSI research illuminates their needs
At first, the headline number may seem hard to believe: 57 percent of American adults are struggling financially. But that's what the Center for Financial Services Innovation found in its recent Consumer Financial Health Study. We spoke with Aliza Gutman, the CFSI director who has led the study, about the challenges facing this group - and the opportunities in serving them.
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- Education
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Seven Emerging FinTech Players In Top Latin American Markets
Only about half of all adults in Latin America and the Caribbean had a bank account, and only 14% had formal savings - and a host of companies recognize the opportunity.
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- Uncategorized
- Region
- Latin America
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India’s microfinance institutions see gross loan growth of 69% in the previous quarter
Microfinance institutions saw a healthy 69% growth in their gross loan portfolio in the April June quarter compared to that in the same period of last year.
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- Uncategorized
- Region
- South Asia
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Weekly Roundup – 8/28/15: Will microfinance take on the ‘randomistas’?
Our finance editor discusses an online dispute between two global development heavyweights, which highlighted the growing tension between the microfinance sector and the poverty researchers who have increasingly called its impact into question. And our health care editor weighed in on another bout: The e-cigarette vs. traditional tobacco cancer stick industry in the developing world.
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- Health Care
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Tough Challenges Await India’s Chandrashekhar Ghosh’s Bandhan in Its Commercial Bank Avtaar
On Sunday, Kolkata-based microfinance institution (MFI), Bandhan Financial Services formally converted itself into a full service commercial bank, thus becoming the latest private sector bank in the country. Bandhan is one of the two entities, which were given full-service banking licences by the Reserve Bank of India (RBI) in April, 2014, from a list of 25 aspirants that included big business houses. The other is IDFC.
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- Uncategorized
- Region
- South Asia
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South Africa Shines in Financial Inclusion Report
SAS CORES high on a global index measuring progress in financial inclusion in emerging markets.
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- Uncategorized
- Region
- Sub-Saharan Africa
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9 African Countries That Score Highest for Financial Inclusion
Mobile technology has accelerated financial inclusion for the so-called under served — people with inadequate access to traditional banking institutions — according to a newly released Brookings report.
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- Uncategorized
- Region
- Sub-Saharan Africa
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10 Challenges That Could Make or Break India’s Payments Banks: Their revolutionary potential is no guarantee
Last week, the Reserve Bank of India announced that it will issue 11 Payments Bank (PB) licenses, permitting a variety of institutions to provide a limited slate of financial services to underserved populations. The RBI hopes PBs will “revolutionize banking” in India, but their impact is not guaranteed. Here are 10 challenges PBs will face – and how they can live up to the government’s ambitious goals.
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