How Financial Institutions and Fintechs Are Partnering for Inclusion

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How Financial Institutions and Fintechs Are Partnering for Inclusion

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Learn how the @MetLife Foundation is partnering with #Fintechs for financial inclusion http://bit.ly/2u1z4YG
Thursday, August 17, 2017 - 8:00am

CAMPAIGN: Financial Inclusion

CONTENT: Article

This report—produced in partnership with the Center for Financial Inclusion at Accion (CFI)—examines how partnerships between mainstream financial institutions (e.g., banks, insurers, and payment companies) and fintechs are addressing financial inclusion challenges and expanding access to the formal financial economy for underserved segments of the global population, particularly in emerging markets. It incorporates insights from 24 in-depth interviews with people at the frontlines of this innovation and highlights 14 partnerships focused on financial inclusion. Contrary to the popular narrative, financial institutions view fintechs as partners in innovation, not threats to their core business. By offering better, less expensive, and more innovative products, financial institutions can assert their continued relevance as customer-facing institutions with help from fintech partnerships. 

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Keywords: Sustainable Finance & Socially Responsible Investment | Corporate Social Responsibility | Economic Empowerment | Economic Growth | Ethics & Governance | Impact Investing | Institute of International Finance | MetLife | Partnerships | Responsible Business & Employee Engagement | Socially Responsible Investing

CAMPAIGN: Financial Inclusion

CONTENT: Article