Category Archives: Bank Innovation

How Mobile Banking can Benefit the Unbanked

The “unbanked and underbanked” are terms that are being batted about in the boardrooms of financial institutions around the world. Gradually, executives have woken up to the fact that there are billions of potential customers who are not using their services. In America alone, there … Continue reading

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What It Will Take to Make Banking for All a Reality

After working around the world in the extremely complicated field of emerging financial services, I am now of the opinion that addressing the challenges of the financially excluded may be easier than we are making it. From the beginning of … Continue reading

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Five Examples of Financial Inclusion

Everyday, the world in which we live seems to spin faster and faster. While this increased pace is creating plenty of opportunities for success and achievement, it is also creating deep financial rifts between those “who have” and those “who live … Continue reading

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“Spent: Looking for Change” Highlights the Challenges of the Underbanked

It’s not easy to live outside the traditional financial system, and it’s not cheap, either. For millions of Americans, this has become a way of life that is dragging them deeper and deeper into debt and financial servitude. Fortunately, we live … Continue reading

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Searching for Global Financial Inclusion Pioneers

My co-author, Karl Mehta and I have both been working for years in the exciting field of mobile financial services. Reflecting on what has already happened, one can see the world reshaping. And yet, it is only the beginning. But … Continue reading

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Why Bank Redundancy is Challenging but Essential to Payment Companies

Banks provide underlying infrastructure to payment companies including trust accounts, prepaid services, bank transfers, card acquiring, connections to networks. Although essential relationships, they can also be challenging to develop.   One reason it is challenging to establish these relationships is … Continue reading

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Will Innovators switch from Dollars to Bitcoins?

For the last 50 years the United States has been a global leader in technology, Internet commerce, Social networking, and Retail. Yet in banking we frequently see innovation happening first in Asia and Africa.  Get any group of US payment … Continue reading

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