This Focus Note provides an overview of recent relevant FATF standards and guidance, highlighting opportunities for financial inclusion-friendly policymaking to fight money laundering and terrorist financing.
'In Western Kenya, 'Sambaza' is both a marketing slogan and means for despair. It means 'to spread'. Vodafone-owned Safaricom, the dominant mobile provider in Kenya, uses it as a brand name for a service that allows customers to transfer airtime to each other. According to a new study funded by the Institute for Money, Technology and Financial Inclusion (IMFTI), the word has also come to refer to the way money in a mobile account slips away, drip by drip, as friends and family ask for favors.
2008 Citi-FT Financial Education Summit; 2007 Citi-FT Financial Education Summit. Since 2007, the Pearson Foundation has been a proud sponsor of the Citi-FT Financial Education Summit. Organized by the Citi Foundation, the Pearson ...
Posted by Alexa Roscoe, Private Sector Advisor, CARE International UK. The Financial Inclusion 2020 project at the Center for Financial Inclusion at Accion is building a movement toward full financial inclusion by 2020.
Mobile Payment Services in Brazil: Exploring the Path to Financial Inclusion ... PR Newswire (press release) Brazil is characterized by a low financial inclusion and one of the highest penetration rates of mobile phone per capita in Latin America.
BIS central bankers' speeches. 1. K C Chakrabarty: Financial inclusion in India – journey so far and way forward. Keynote address by Dr K C Chakrabarty, Deputy Governor of the Reserve Bank of India, at the Finance ...
Jeffrey Bower of Scotiabank and Marcelo Scaglia of Banamex/Citi weigh in on mobile payments in Latin America from an important perspective: that of banks. (RT @pulsosocial: Mobile has the potential to go a long way in financial inclusion.
The Guardian Agents of change The Guardian This partnership is providing women entrepreneurs in Nigeria with an innovative, mobile technology solution to meet one of the greatest challenges facing the world today: financial inclusion in emerging...
Minister advocates for development of a national financial literacy strategy spyghana.com “It is for this reason that government has institutionalized an annual National Financial Literacy week as a long-term financial sector policy priority...
A great transformation is shifting the weight of global power, population and economic growth from what was once called the first world to what can no longer be called the third, and more precisely toward the middle income countries that are still,...
“Across the board, nobody wants to do accounting,” said Shivani Siroya, founder and CEO of inVenture, a global credit scoring company. ”It’s difficult or they’re lazy or they don’t see the purpose.”
Her company, currently working in India, is trying to change that with a product called InSight, an accounting tool that works through SMS to help low-income individuals and business owners do basic accounting and financial tracking. Within 15 days, the tool creates a unique credit score and links qualified users to various financial institutions to help them obtain capital, such as personal loans or insurance.
Instead of merely pitching the standard benefits of accounting, like driving sales or increasing savings, inVenture goes a step further and links customers to other consumer products, in hopes of improving “financial inclusion” for entrepreneurs seeking a way out of debt and poverty.
“It’s about empowering the user to do this themselves,” Siroya said. “It gives people a choice of financial products and creates a competitive and transparent financial ecosystem.”
She shared her observations about revolutionizing the financial services sector in a panel discussion on “Mobile Technologies in Development: Opportunities to Engage the Private Sector” at the 2012 Net Impact Conference in Baltimore.
With her company’s SMS tool still in open beta, one thing stands out so far: ”Women are getting the product much faster than men,” Siroya said.
She noticed marked differences between the men and women in her company’s “ecosystem:”
Financial Education Coming to Schools AllAfrica.com She said the education programme would enhance financial literacy levels in Zambia as there were fewer numbers of people who had access to banking services especially women.
Technology Can Boost Financial Inclusion In The UAE Gulf Business News Financial inclusion, a practice that aims to provide banking services to the poor, can be facilitated through technology and collaboration between financial stakeholders,...
Posted by Sebastian Groh, Project Manager, MicroEnergy International. The Financial Inclusion 2020 project at the Center for Financial Inclusion at Accion is building a movement toward full financial inclusion by 2020.
In collaboration with The SEEP Network, the Smart Campaign is conducting a one day client protection training on November 4 specifically for specialists in technical assistance that work with MFIs and financial service providers.
Program helps Yuma students learn financial literacy Yuma Sun For the second year in a row, 1st Bank Yuma has partnered with EverFi Inc., to offer the financial literacy program to schools within the Yuma Union High School District.
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