Guest editorial: Poverty reduction in the FinTech age
In recent years, debates on microfinance have gravitated towards a discussion of financial inclusion and away from the role of microcredit in poverty reduction. A consensus has emerged that although microcredit may not reduce poverty, neither does it cause harm for the most part. At a minimum, access to microcredit gives people options for managing their financial lives, usually with greater predictability, privacy and dignity, while opening the door to other forms of financial service – certainly not something to be dismissed. But, now that financial inclusion (access to finance) is almost synonymous with the financial technologies (FinTech) that enable inclusion, is financial inclusion enough and what role does FinTech play?IFC (2017) ‘Digital financial services: Challenges and opportunities for emerging market banks’, EMCompass, Note 42, August. Available at https://www.ifc.org/wps/wcm/connect/4e45d83f-e049-41d3-8378-2e388ffc1594/EMCompass+Note+42+DFS+Challenges+updated.pdf?MOD=AJPERES [accessed 19 June 2018].
Kuepper, J. (2016) ‘7 things that will shape the future of Fintech’, Investopedia, 29 November. Available at https://www.investopedia.com/articles/investing/112916/7-things-will-shape-future-fintech.asp#ixzz5GWjNtq9g [accessed 19 June 2018].
UNCDF (2018) ‘Four FinTechs approved to enter the Sierra Leone sandbox programme’, UNCDF online news, 15 May. Available at http://www.uncdf.org/article/3635/four-fintechs-approved-to-enter-the-sierra-leone-sandbox-programme [accessed 19 June 2018].
Venkatesan, J. and Murthy, G. (2017) ‘India’s latest advances in financial inclusion: A day in Royyuru’, CGAP blog post, 27 July. Available at http://www.cgap.org/blog/india%E2%80%99s-latest-advances-financial-inclusion-day-royyuru [accessed 19 June 2018].
IFC (2017) ‘Digital financial services: Challenges and opportunities for emerging market banks’, EMCompass, Note 42, August. Available at https://www.ifc.org/wps/wcm/connect/4e45d83f-e049-41d3-8378-2e388ffc1594/EMCompass+Note+42+DFS+Challenges+updated.pdf?MOD=AJPERES [accessed 19 June 2018].
Kuepper, J. (2016) ‘7 things that will shape the future of Fintech’, Investopedia, 29 November. Available at https://www.investopedia.com/articles/investing/112916/7-things-will-shape-future-fintech.asp#ixzz5GWjNtq9g [accessed 19 June 2018].
UNCDF (2018) ‘Four FinTechs approved to enter the Sierra Leone sandbox programme’, UNCDF online news, 15 May. Available at http://www.uncdf.org/article/3635/four-fintechs-approved-to-enter-the-sierra-leone-sandbox-programme [accessed 19 June 2018].
Venkatesan, J. and Murthy, G. (2017) ‘India’s latest advances in financial inclusion: A day in Royyuru’, CGAP blog post, 27 July. Available at http://www.cgap.org/blog/india%E2%80%99s-latest-advances-financial-inclusion-day-royyuru [accessed 19 June 2018].
IFC (2017) ‘Digital financial services: Challenges and opportunities for emerging market banks’, EMCompass, Note 42, August. Available at https://www.ifc.org/wps/wcm/connect/4e45d83f-e049-41d3-8378-2e388ffc1594/EMCompass+Note+42+DFS+Challenges+updated.pdf?MOD=AJPERES [accessed 19 June 2018].
Kuepper, J. (2016) ‘7 things that will shape the future of Fintech’, Investopedia, 29 November. Available at https://www.investopedia.com/articles/investing/112916/7-things-will-shape-future-fintech.asp#ixzz5GWjNtq9g [accessed 19 June 2018].
UNCDF (2018) ‘Four FinTechs approved to enter the Sierra Leone sandbox programme’, UNCDF online news, 15 May. Available at http://www.uncdf.org/article/3635/four-fintechs-approved-to-enter-the-sierra-leone-sandbox-programme [accessed 19 June 2018].
Venkatesan, J. and Murthy, G. (2017) ‘India’s latest advances in financial inclusion: A day in Royyuru’, CGAP blog post, 27 July. Available at http://www.cgap.org/blog/india%E2%80%99s-latest-advances-financial-inclusion-day-royyuru [accessed 19 June 2018].
IFC (2017) ‘Digital financial services: Challenges and opportunities for emerging market banks’, EMCompass, Note 42, August. Available at https://www.ifc.org/wps/wcm/connect/4e45d83f-e049-41d3-8378-2e388ffc1594/EMCompass+Note+42+DFS+Challenges+updated.pdf?MOD=AJPERES [accessed 19 June 2018].
Kuepper, J. (2016) ‘7 things that will shape the future of Fintech’, Investopedia, 29 November. Available at https://www.investopedia.com/articles/investing/112916/7-things-will-shape-future-fintech.asp#ixzz5GWjNtq9g [accessed 19 June 2018].
UNCDF (2018) ‘Four FinTechs approved to enter the Sierra Leone sandbox programme’, UNCDF online news, 15 May. Available at http://www.uncdf.org/article/3635/four-fintechs-approved-to-enter-the-sierra-leone-sandbox-programme [accessed 19 June 2018].
Venkatesan, J. and Murthy, G. (2017) ‘India’s latest advances in financial inclusion: A day in Royyuru’, CGAP blog post, 27 July. Available at http://www.cgap.org/blog/india%E2%80%99s-latest-advances-financial-inclusion-day-royyuru [accessed 19 June 2018].
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