Financial Inclusion

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Financial Inclusion

Financial inclusion isn’t a one-size-fits-all process, with more than 2 billion people worldwide living outside the global financial system. The good news: advances in big data and technology along with changes in regulation and creative partnerships between the public and private sectors are providing new pathways to help people gain financial stability.

Content from this campaign

Multipliers of Prosperity | Money Is More Than Math: Exploring What Comes After Security for Low-Income Americans
By Commonwealth In 2016, the team from Commonwealth, a nonprofit dedicated to building financial security and opportunity, had the privilege of meeting Sharon (not her real name), one of the winners of our SaveYourRefund tax-time savings promotion. Born into a low-income family, Sharon had achieved all the things prescribed for getting ahead: she graduated from...
Jun 13, 2018 10:35 AM ET
Multipliers of Prosperity: Social Platforms, Social Change
Every month, Donna Bowen of Mattapan, Massachusetts, communicates with around 45 complete strangers. Some are looking for advice on saving or credit-building, while others want to compare notes on issues like housing or education. They come from all places: not just nearby Boston, but Detroit, Albuquerque and Oakland. Each has a personal goal in mind—like purchasing a home, getting out of debt...
Jun 7, 2018 9:20 AM ET
Multipliers of Prosperity: Status Quo or Game Changer?
by MetLife Foundation and Village Capital The financial technology, or fintech, revolution is gaining momentum in the MENA (Middle East/North Africa) region. Fintech investments in MENA totaled $18 million in 2016. In 2017, that figure was surpassed by a single $20 million round raised by the payment platform Paytabs, leading to heightened interest among...
Jun 4, 2018 10:35 AM ET
Multipliers of Prosperity: Below the Surface
Consumer debt has reached record highs amid an economy that, on the surface of things, looks more robust than at any point since the Great Recession. Unemployment is at historic lows, and wages are up, leading to many optimistic interpretations of current debt trends. Yet signs continue to point to the fragility of many families’ finances. Costs of healthcare, housing, and food have all risen...
May 31, 2018 8:55 AM ET
Multipliers of Prosperity: Lending With a Mission
Mohammed Ali and his siblings had been driving past the vacant gas station on the east side of Saint Paul, Minnesota for years before they finally decided to make an offer to buy it—with the idea of opening a restaurant and grocery store catering to the neighborhood’s vibrant community of immigrants. “As a Somali in an East African community [in Saint Paul], I felt for the many families...
May 29, 2018 10:05 AM ET