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Why Financial Inclusion May Well Depend on Cyber ID Data: Digital IDs are quick and cost-effective – but more data on unbanked customers is needed
Among the obstacles to digital financial inclusion is the challenge of serving people who lack traditional identity data. But as Trulioo founder Stephen Ufford explains, our online activity creates a digital footprint that can be used to identify us quickly and cost-effectively. He describes how Trulioo is cultivating partnerships to advance its goal of establishing a digital ID for the entire global population.
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- Uncategorized
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‘By making it available to people, you are almost by definition doing good’: Grameen Foundation CEO Alex Counts, on microfinance’s past and future
Microfinance has careened from hero to villain status over the years, before settling into its current persona as a useful but not transformative anti-poverty tool. Alex Counts has had a front-row seat in the sector’s turbulent development, as founder and long-time president/CEO of Grameen Foundation. He shares his frank perspectives on microfinance’s past and future in this video Q&A.
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- Impact Assessment
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Why Ethiopian Financial Services Industry Is Slow on Mobile Banking
Ethiopia’s heavily regulated financial service sector is one of the least developed on sub-Saharan Africa with over 80 million people from a population of 94 million still unbanked, despite the rapid economic growth the horn of Africa nation has experienced over the last decade.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Gender Gap Persists for Bank-Account Holders
A persistent gap between the portion of men and women who have bank accounts is confounding experts despite huge leaps in access to banking services and the financial system globally.
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- Uncategorized
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Press Release: Massive Drop in Number of Unbanked, Says New Report
From 2011 and 2014, 700 million people became account holders at banks, other financial institutions, or mobile money service providers, and the number of “unbanked” individuals dropped 20 percent to 2 billion adults, says a new report released today.
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- Uncategorized
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The Slow Global Spread of Savings Accounts
Last year, researchers travelled around the globe to talk about personal finance with a hundred and fifty thousand people, representing a range of socioeconomic classes, and living both in cities and in remote, rural parts of more than a hundred and forty countries.
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- Uncategorized
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100 Million+ People Use Mobile Money Each Month: From P2P transfers to bill payments, here’s how they’re using it
Around 103 million people globally are making transactions using mobile money each month. Alix Murphy, Senior Mobile Analyst for WorldRemit, takes a close look at the types of transactions people are making, and how they are actually using mobile money in their daily lives.
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- Education
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The Avoidance Factor: Research in Indonesia reveals unique behavioral obstacles to microinsurance take-up
The nature of insurance is that it protects against unexpected, unpleasant events that people prefer not to think about. But human nature leads people to prioritize their expenses based on the needs that are top of mind. A recent survey in Indonesia revealed that this dynamic can be a factor in the low take-up of insurance. Nick Thornton discusses the research, and offers some solutions.
- Categories
- Education
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