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Press release: New Report: Banks Increasingly Embrace Data to Reach Underserved Customers
The Center for Financial Inclusion at Accion (CFI) and the Institute of International Finance (IIF), with the support of MetLife Foundation, released a report that examines how new types of data and new data tools present an unprecedented opportunity for financial service providers to understand and serve clients—particularly credit-seeking, "thin-file" clients who are otherwise excluded from the formal financial sector.
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Press Release: MetLife Social Impact Investments Rise to $50 Billion
MetLife, Inc. (NYSE:MET) today announced its impact investment portfolio grew to $50 billion in 2017, an increase of 12 percent year-over-year from 2016 to 2017, and MetLife Foundation reached more than six million low-income individuals through the fourth year of its five year, $200 million dollar commitment to financial inclusion.
- Categories
- Investing
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Internalizing Innovation: It’s About Creating a Culture, Not a Product
Innovation holds the key to expanding financial health for low- and moderate-income households—but how can organizations foster a culture of innovation, rather than treating it as a one-off event or a process fix? MetLife Foundation and UNCDF are launching two new innovation hubs in China and Malaysia that aim to promote this cultural shift. Krishna Thacker and Jaspreet Singh discuss the program's unique approach.
- Categories
- Education, Entrepreneurship, Inclusive Fintech
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Does Greater Inclusion Lead to Financial Health? New Research Raises Pointed Questions for the Industry
Does financial inclusion really lead to financial health? The industry has largely been operating under the assumption that the answer is "yes" - but a new Gallup survey of more than 15,000 people in 10 very different countries reveals a more complex picture. Sonja Kelly and Evelyn Stark explore the results of this "unprecedented look at personal finance and how people perceive their situation," in a discussion that raises vital questions about the future direction of financial inclusion.
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- Inclusive Fintech
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MetLife Foundation Partners with Kiva to Support Entrepreneurs and Build Financial Inclusion
MetLife Foundation has partnered with Kiva, a global non-governmental organization, to support entrepreneurs around the world through an employee engagement campaign. As part of this programme, a fully funded US$25 loan has been allocated to each of MetLife's 23,000 employees in Asia to help entrepreneurs start, sustain and grow their businesses.
- Categories
- Entrepreneurship
- Region
- Asia Pacific
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Supporting the ‘Safe Journey’: How Mobile Tech is Making Migration More Secure and Less Costly
In Nepal’s rural areas, foreign employment in wealthy economies like Qatar, Saudi Arabia and South Korea can be a huge economic opportunity. But migrants to these countries are often exploited by employment brokers and others, who take advantage of the complexity of the migration process to charge high fees for job placements or loans. Benjamin Lokshin at the Asia Foundation discusses the foundation's innovative 'Shuvayatra' platform, which leverages mobile tools to help bridge the gaps between migrants and providers of important services.
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- Inclusive Fintech
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Press release: MetLife Foundation Announces Sponsorship of “Multipliers of Prosperity” for a Fourth Year
MetLife Foundation announced today its fourth year as sole sponsor of Multipliers of Prosperity, an award-winning online thought leadership platform developed in partnership with WSJ. Custom Studios. The online site facilitates a global conversation on the financial health of low- to moderate-income people, and showcases the innovative and important solutions being implemented by both nonprofit and private sector financial services providers.
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A Test Case for Digital Leap-Frogging: What the Financial Inclusion Community Can Learn from Vietnam
With its rapid economic expansion, large unbanked population, high mobile penetration and progressive regulations, Vietnam has the potential to leap-frog over brick-and-mortar banking and arrive directly at the forefront of digital finance. Krishna Thacker of MetLife Foundation in Asia profiles an emerging innovator in the country's mobile payments space, and explores lessons learned in driving the uptake of digital financial services.
- Categories
- Inclusive Fintech, Technology
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