November 30th, 2018

This blog post was written and published by UNCDF SHIFT.

Nine key actions to balance women’s financial inclusion and financial integrity

Know your customer (KYC) or customer due diligence (CDD) requirements  that ensure compliance with Anti Money Laundering and Countering the Financing of Terrorism (AML/CFT) regimes to guarantee the integrity of the financial system are often cited as barriers to  financial inclusion, particularly…

November 29th, 2018

Financial inclusion: We need a forward-thinking and collaborative approach to succeed

Written by Governor Caroline Abel, Central Bank of Seychelles

In recent years, there has been both national and global efforts to enhance financial inclusion, which is not only about people having access to financial services and products, but also about people having the right knowledge and capabilities, to use these products and services to…

November 9th, 2018

Making access to financial services a citizenry right

Written by Prof. Florence D.A.M Luoga, Governor, Bank of Tanzania

Without access to financial services, it is difficult for people to attain basic social and economic needs. Lack of access to financial services entraps the poor and vulnerable segments of the society in the vicious cycle of poverty, making it harder for them to fully participate in the economy. Access to…

October 24th, 2018

This blog post was written and published by UNCDF SHIFT.

Pondering progress: 3 market developments helping to accelerate women’s financial inclusion

Alliance for Financial Inclusion (AFI) celebrated its 10-year anniversary and achievements towards advancing financial inclusion at its annual Global Policy Forum. It’s been three years since the United Nations Capital Development Fund’s (UNCDF) Shaping Inclusive Finance Transformations…

September 26th, 2018

Estimated 40 million people could stand to access formal financial services through Islamic Finance

The 2017 Global Findex reveals that religious belief is one of the top 10 reasons for financial exclusion, attributing to 6 percent of the statistics — a small percentage. However, Islamic finance could potentially address one of the impediments of financial inclusion and bring approximately 40 million individuals or more into the formal…

September 20th, 2018

Congratulations to Fletcher Fellow Graduates from the AFI network!

AFI is proud to recognize thirteen Fellows from AFI member institutions, who graduated from the Fletcher School Leadership Program for Financial Inclusion (FLPFI) on 5 September, 2018 at the Omega Sochi Hotel in Sochi, Russia. The graduation ceremony took place in the presence of alumni and other friends of the program.

The year-long program is designed for financial…

August 2nd, 2018

AML/CFT regulations for Mobile Financial Services (MFS): Policy options for Bangladesh

Bangladesh is playing a flagship role in leveraging mobile financial services to provide access to formal financial services to vulnerable segments of the society such as the rural poor, women and Forcibly Displaced Persons (FDPs). As of June 2018, there are more than 800,000 agents, with 6.5 million daily transactions in volume and USD 131 million in…

July 13th, 2018

Investing in financial literacy of youth today for sustainable financial inclusion tomorrow

Ever wondered why more than 80 countries worldwide have dedicated national programs to enhance financial literacy for children and youth? And why National Strategies for Financial Education all around the world identify youth as one of the main target groups for their coordinated approach to enhance financial capability of the populations? Read on for…

June 28th, 2018

Peer learning & knowledge exchange among AFI members: Transforming market conduct to enhance consumer protection

As part of a grant offered by AFI, the Ministry of Finance (MoF) of Swaziland conducted a Learning Exchange Program on consumer protection and financial literacy with the Bank of Ghana (BoG). The objective of the program was to learn from BoG on relevant legislative and regulatory frameworks, complaints and disputes resolution…

June 23rd, 2018

Financial inclusion of Forcibly Displaced Persons (FDPs): What is the role of FinTech? Community empowerment, blockchain and financial inclusion: The Rohingya Project approach

By Muhammad Noor, Managing Director & Founder, The Rohingya Project 

The Rohingya are a stateless people.  Being stateless means lacking the basic elements of identity.  These include a passport to travel, or a national identity card to open a bank account…