January 19th, 2017

The Supervisory Challenges of Financial Inclusion

In pursuit of their mission to ensure the integrity of financial systems, regulators have two distinct tasks. The first is developing the rules and regulations that govern the authorization and operations of financial institutions.  The second is supervising those institutions to ensure that regulations are followed and risks are identified and addressed.

Over the last several decades…

December 15th, 2016

The following post originally appeared on the NextBillion website. It has been cross-posted here with permission. 

Don’t Just Color It Pink and Call It Financial Inclusion for Women

 

Policymakers often do not figure in stories of innovation, disruption and change. In fact, they are often seen as stewards of the status quo, enemies of progress. Not anymore. This past September in Fiji, policymakers proved they could be game-…

December 13th, 2016

Five for Five: Five things we have learned in five years of the Maya Declaration


In celebration of the Maya Declaration’s 5th year anniversary, here are five lessons we take away from the first global commitment platform for financial inclusion:
 

1. Ownership is the foundation of every strong commitment

All commitments, big or small, are underpinned by ownership—without ownership, commitments are merely imposed…

December 6th, 2016

Denarau Action Plan and the rise of gender finance 

For generations, there has been a widespread prevalence of economic and social barriers that inhibit the empowerment and economic inclusion of women in the global economy. There is extensive literature that discusses different challenges women face in their quest for equality, particularly in terms of access to finance irrespective of their socio-economic, demographic, and geographical…

November 23rd, 2016

The following is a guest blog posting from one of AFI's PPD Partners, GSMA. The original version of this post can be found on the GSMA website. 

New GSMA research shows that mobile money is driving a price revolution in international remittances

In just a few years, mobile money has evolved from operating as a purely domestic P2P transfer service to enabling transfers between more than 20 countries globally. In a previous blog post,…

November 2nd, 2016

When it comes to crafting smart financial inclusion policies and effective regulation, evidence and data are key. In Mexico, financial regulators have taken the lead. Since 2012, the Comisión Nacional Bancaria y de Valores (CNBV) and the Instituto Nacional de Estadística y Geografía (INEGI) have conducted two national surveys on financial inclusion, which have not only highlighted the importance of data, but how important regular data…

October 11th, 2016

Data has permeated all facets of our lives. It is more available and accessible than ever before. In just a few hours one person can create a multitude of data points from just one mobile device. This is what Gabriel’s morning looks like:

6:10am: He logs in to Facebook and likes several friends’ photos 6:35am: He tops up his airtime on his phone 7:35am: He calls his sister to find out how much he owes her 8:45am: He transfers the…

October 6th, 2016

The theme of last month’s Alliance for Financial Inclusion (AFI) Global Policy Forum (GPF) ‘Building the Pillars of Sustainable Inclusion’ was highly appropriate given discussions on the de-risking phenomenon. It is clear that the unintended consequences of changing AML/CFT risk management and regulatory frameworks have had a profound effect on certain AFI members and across numerous business lines. Unfortunately there is little sign that the…

October 4th, 2016

In English and Spanish

New and sophisticated financial products marketed through innovative channels are generating both opportunities and challenges. On the one hand, introducing more financial products can contribute to greater financial inclusion. However, these products must be accompanied by financial education that builds the capacity of individuals to avoid over-indebtedness and other adverse effects.

In El Salvador,…

September 26th, 2016

“Sustainable development is the pathway to the future we want for all. It offers a framework to generate economic growth, achieve social justice, exercise environmental stewardship and strengthen governance.” – Ban Ki-moon, United Nations Secretary-General

In the recently concluded 2016 Alliance for Financial Inclusion (AFI) Global Policy Forum (GPF) held in Nadi, Fiji, on 7-9 September, the issue of green finance and its linkages…