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How AinFin is tackling poverty around the world by increasing access to financial services
The Level39-based fintech company wants to use its Swifin e-money platform to empower communities in Africa and around the world says chief executive and co-founder Dr. Joy Braun.
- Categories
- Financial Inclusion
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How this social entrepreneur is bringing banks to the fingertips of the unbanked
Humaniq was launched in 2016 with a vision to build a world where the unbanked and underbanked around the world also have access to the banking and financial transactions. An estimated 2 billion people can be brought under the umbrella of financial inclusion with Humaniq’s services.
- Categories
- Entrepreneurship, Financial Inclusion, Technology
- Region
- North America
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India has a new bank designed specifically for Indians afraid of banks
“In our surveys, one feedback was that several customers from the economically weaker sections found big banks intimidating. They were skeptical of how they will be treated,” said Rishi Gupta, managing director & CEO of FINO PayTech. “Therefore, we have tried to become a neighbourhood bank with the look and feel of a mom & pop store where the customer can walk in without hesitating.”
- Categories
- Financial Inclusion
- Region
- South Asia
- Tags
- banking, financial innovation, FINO, India, unbanked
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Agents Beat Mobile? Intriguing Research from MIX on Alternative Delivery Channels in Banking
Many financial service providers look to technology to enable new means of distribution and achieve universal access, but agent banking remains the most commonly deployed alternative delivery channel today – and arguably the most effective. To achieve scale, the authors say, providers should analyze each channel and develop the right strategies for their desired business and social outcomes. A webinar set for Thursday is designed to help.
- Categories
- Financial Inclusion
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Dear Diary: New Financial Diaries Research Explains Why Many Americans are So Angry
Would you rather have more money or a more stable financial life? A striking 92% of Americans in a recent survey chose stability - a sign of the deep undercurrent of financial insecurity running through the world's richest country. A new book called "The Financial Diaries, How American Families Cope in a World of Uncertainty" explores this insecurity in remarkable detail. Its co-author, Rachel Schneider of the Center for Financial Services Innovation, discusses the research and its far-reaching implications in NextBillion's latest podcast.
- Categories
- Financial Inclusion, NextBillion Originals
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Indonesia regulator expects fintech firms to double to 250 by year-end
Indonesia – the largest economy in the south east Asian region – is betting on the great big fintech opportunity riding on its demographics and unbanked population. Indonesia, which has already seen the emergence of 130 fintech companies, is expecting this number to double in a year with $3.6 billion worth of transactions on this model over the next one year, deputy director of OJK, the financial services regulator, Pak Tuahta Aloysius Saraguh, said in an interaction. Pak Aloysius has been instrumental in encouraging the Fintech industry in Indonesia.
- Categories
- Financial Inclusion, Technology
- Region
- South Asia
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Indonesia on Track to Greater Financial Inclusion
Millions of unbanked Indonesians are going to enjoy easier access to the savings, loan and insurance services on the back of the government's renewed political will to tackle financial exclusion, an executive at Bill and Melinda Gates Foundation said. President Joko "Jokowi" Widodo's seeks to grant access to financial services to 75 percent of Indonesian adults by 2019, up from 36 percent in 2014.
- Categories
- Financial Inclusion
- Region
- South Asia
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India: IFC to provide up to $20m debt to RGVN Microfinance
IFC (International Finance Corporation), a member of the World Bank Group, will provide up to $20 million to RGVN (North East) Microfinance Ltd in the form of a senior debt investment, according to an IFC disclosure.
- Categories
- Financial Inclusion, Impact Assessment, Investing
- Region
- South Asia
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