Key Approaches for Financial Inclusion

Mar 2, 2017 Blog  Disruption , Financial Inclusion

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The World Bank is constantly brain storming on ways to improve financial inclusion. They have come up with eight approaches to accelerate financial inclusion.

 

  1. Foster a diversity of financial institutions
  2. Facilitate the use of innovative technologies and entry of technology-driven, non-traditional institutions.
  3. Expand agent-based banking and other cost-effective delivery channels.
  4. Invest in supervision and leverage technology to optimize limited resources
  5. Implement risk-based, tiered AML/CFT requirements.
  6. Encourage the development of low-cost, innovative financial products.
  7. Strengthen financial infrastructure.
  8. Protect consumers by establishing rules for disclosure, fair treatment, and recourse

 

They have stated that this list is a general guide for what is impactful in most countries.

You can read the full article here.

 

Featured image: carolinejohn1998 via Flickr (CC 2.0, resized)

 

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