Tag Archives: financial inclusion

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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FINX Challenge Reveals “It’s expensive to be poor…”

Not long ago, the Center for Financial Services Innovation organized a group of people from the financial industry and took them on a field trip of sorts. The objective was to determine just how expensive and difficult it can be to be … Continue reading

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Design and Financial Inclusion: A Designers Approach to a Tough Issue

Most people don’t think about design principles when they’re wrapping their heads around the problem of financial inclusion. This is why I was so intrigued by a recent article written by Anke Schwittay and Paul Braund. Together, they analyzed the principles of … Continue reading

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International Telecommunication Union Steps Forward to Promote Financial Inclusion

The International Telecommunication Union (ITU) has recently created a focus group whose purpose is to develop different methods of affordable financial services, in hopes of making financial inclusion a reality for the nearly 2.5 billion adults around the world who don’t currently have … Continue reading

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How Deep is the Financial Inclusion Problem in the US?

Many people assume that financial inclusion is a reality for everyone in the United States, and that access to financial services isn’t an issue for most people. As pointed out in the recently released movie Spent, the truth is quite different from that … Continue reading

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Personal Challenges of Financial Nomads

Half the world lives without the benefits of financial services. Most of us don’t understand what it means to be a “financial nomad” – living without full access to traditional banking – but the costs are great. To put it … 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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