1. Retail Banking: Banks may continue to go digital but this doesn’t mean the brick and mortar branch is disappearing. Customers who use mobile and online banking more than once a week are over 60% more likely to be active retail-branch users than those who do not. McKinsey&Company
2. Labor Trends: The increasingly common practice of scheduling workers' shifts just before they begin can wreak havoc on the financial and personal lives of many low-wage workers, leading to income volatility and difficulty in arranging childcare. Al Jazeera America
3. Banking Transparency: "Low-income consumers want to know not just what the prices are, but in some ways, how banks’ decisions are made. Banks’ failure to communicate a rationale makes clients feel cheated...Clients who feel cheated, often feel justified in 'cheating back.'" Center for Financial Inclusion
4. Poverty in the US: After following 800 children in Baltimore from first grade to their late 20's, researchers found the two factors most correlated with individual success and wealth are family strength and parents' financial status. NPR
5. Remittances: New research highlights the relationship between remittances and financial inclusion in sub-Saharan Africa. The World Bank - All About Finance
Source: http://katedimobiletech.com/
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