Interoperability can greatly expand the reach and usefulness of financial services for the poor. What do regulators need to know about the complex interplay between interoperability and financial inclusion?
Since 2011, financial Standard-Setting Bodies (SSBs) have taken fundamental steps on financial inclusion. However, a new GPFI White Paper observes that little progress has been made on understanding financial exclusion risks. What are these risks, and what can be done to address them?
In a market, less information equals more risk, to both providers and consumers. Donors can play a role in closing information gaps and changing perceptions of risk. What types of information are relevant? How does information alter incentives?
A new Brief from CGAP aims to provide national and global policy makers with a clear picture of the rapid development of digital financial services for the poor and the need for their attention and informed understanding.
Building a financial market that serves the poor requires more than supporting institutions. It also requires coordinating underlying elements - such as educating consumers, drafting appropriate laws, and building capacity in organizations.
Being able to measure and demonstrate progress are critical issues as taxpayers and other funders of donors and DFIs require explanations and justifications of the use of their limited resources. A handful of donors are starting to experiment with different tools for measuring progress in agricultural and other non-financial markets. It is difficult work, especially when attempting to measure attributable and sustainable changes to a market system.