Billions of poor households around the world lack access to basic financial services. New ideas about banks can translate into workable financial institutions that serve the poor around the world.
In the beginning there was emphasis on supplying basic loans to help small businesses. Over time, banks started add saving services and insurance. Recently, banks combined banking services with healthcare. According to FAI managing director Jonathan Morduch, "This combination has become very powerful." See what else he has to say about today's implications of microfinance.
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Editor’s Note: I’m going to assume that you are seeing plenty of AI content (news and papers, not AI slop, though I’m sure you’re getting plenty of that too) from other sources, so I’m trying to think hard about the marginal value that the faiV can provide. As far as I’ve gotten so far: a) make sure that directly AI-related content does not take up more than 2 of the 5 items, and b) try to focus specifically on the cybersecurity issue for financial inclusion. Beyond that, I’m open to feedback on the value you get from the faiV in relation to AI to help guide us in the future. On a different note, I’ll be making a brief cameo appearance at the e-MFP Inclusive Finance Conference to moderate the opening plenary. If you haven’t registered, do so and I hope to see you there! - Tim Ogden