June 26, 2015
1. Mobile Money: What risks do customers perceive when using digital financial services and what are the consequences of those risks? A new brief explores these questions through the lens of lower-income customers in 16 markets around the world. CGAP
2. Financial Literacy: Most financial literacy programs are geared toward steady paycheck earners with long-term savings goals. But how can programs assist...
June 19, 2015
1. Alternative Credit Scoring: In a new working paper, researchers analyze consumer call data from a Caribbean mobile money provider and are able to predict the likelihood of loan default with accuracy similar to credit scoring models that rely on previous financial history. Brown University - Department of Economics
2. Consumer Lending: After 146 years of financing the 1%, Goldman Sachs announced it will...
June 12, 2015
1. Financial Inclusion: A comprehensive synthesis of various financial inclusion indicators reports large strides in achieving the goal of universal access by 2020. But what will be the next set of challenges to developing quality products for harder-to-reach populations? CFI
2. Debt: After filing for personal bankruptcy, San Francisco-based photographer Brittney Powell...
June 5, 2015
1. Income Volatility: Insights into employment opportunities in the "sharing economy" (and research from US Financial Diaries) provide evidence that "life is no longer a matter of having or losing a job, but of stitching together a comfortable and secure quilt from a colourful range of fabrics." The Globe and...
June 4, 2015
The 2014 Global Findex data has been a hot topic of conversation around the FAI offices since its release last month. While there is a lot to dissect in the 97-page report, the biggest headline is the 20% decrease in the number of unbanked worldwide - approximately 700 million people worldwide.
However, there are concerns that this number is overstated and the data leave us with outstanding questions as to why certain trends occur over the last 4 years. One reason is we do...
May 29, 2015
1. Mobile Money: Will a handful of high-profile fraud cases damage mobile money? It depends on how fast operators can adapt 21st century security and authentication systems to protect customers and retain their trust. NextBillion
2. Retirement Savings: For the 53 million public pension participants in Mexico, making a contribution to a retirement account is now as easy as buying a pack of gum or a lottery...
May 22, 2015
1. Income Volatility: New research based on transaction data confirms findings from the US Financial Diaries (USFD) on income volatility - households' incomes vary from month to month and savings are inadequate to cover the mismatches in income and spending. FAI's Jonathan Morduch notes that in the USFD sample, income volatility is greatest for poorer households but remains high even as households increase their incomes. The...
May 15, 2015
1. Ultra-Poor: A RCT involving more than 10,000 households in six countries reports improvements in livelihoods for participants in a "graduation model" poverty intervention. While the programs didn't show effects in all contexts, cost-benefit analysis suggests promising returns on investment. Nature and ...
May 8, 2015
1. Financial Inclusion: This week, InterMedia released the results of its research on digital financial inclusion within eight of the poorest countries across Africa and Asia, focusing on gender divides, customer engagement, and financial behaviors. Financial Inclusion Insights
2. Mobile Money: Data from 2014 reports 13.4 million registered bKash accounts in Bangladesh...but only 5.1 unique users. ...