The Global Findex Database 2017

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Publisher : World Bank Publications
ISBN 13 : 1464812683
Total Pages : 148 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis The Global Findex Database 2017 by : Asli Demirguc-Kunt

Download or read book The Global Findex Database 2017 written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2018-04-19 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.

The Unbanking of America

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Publisher : Houghton Mifflin Harcourt
ISBN 13 : 0544611187
Total Pages : 264 pages
Book Rating : 4.5/5 (446 download)

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Book Synopsis The Unbanking of America by : Lisa Servon

Download or read book The Unbanking of America written by Lisa Servon and published by Houghton Mifflin Harcourt. This book was released on 2017-01-10 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why Americans are fleeing our broken banking system: “Startling and absorbing…Required reading for fans of muckraking authors like Barbara Ehrenreich.”—Publishers Weekly (starred review) What do an undocumented immigrant in the South Bronx, a high-net-worth entrepreneur, and a twentysomething graduate student have in common? All three are victims of our dysfunctional mainstream bank and credit system. Nearly half of all Americans live from paycheck to paycheck, and income volatility has doubled over the past thirty years. Banks, with their high monthly fees and overdraft charges, are gouging their lower- and middle-income customers while serving only the wealthiest Americans. Lisa Servon delivers a stunning indictment of America’s banks, together with eye-opening dispatches from inside a range of banking alternatives that have sprung up to fill the void. She works as a teller at RiteCheck, a check-cashing business in the South Bronx, and as a payday lender in Oakland. She looks closely at the workings of a tanda, an informal lending club. And she delivers engaging, hopeful portraits of the entrepreneurs reacting to the unbanking of America by designing systems to creatively serve those outside the one percent. “Valuable evidence on the fragility of the personal economies of most Americans these days.”—Kirkus Reviews “An intelligent plea for financial justice…[An] excellent book.”—The Christian Science Monitor

Banking the World

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Publisher : MIT Press
ISBN 13 : 0262544016
Total Pages : 519 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Banking the World by : Robert Cull

Download or read book Banking the World written by Robert Cull and published by MIT Press. This book was released on 2021-08-03 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experts report on the latest research on extending access to financial services to the 2.5 billion adults around the world who lack it. About 2.5 billion adults, just over half the world's adult population, lack bank accounts. If we are to realize the goal of extending banking and other financial services to this vast “unbanked” population, we need to consider not only such product innovations as microfinance and mobile banking but also issues of data accuracy, impact assessment, risk mitigation, technology adaptation, financial literacy, and local context. In Banking the World, experts take up these topics, reporting on new research that will guide both policy makers and scholars in a broader push to extend financial markets. The contributors consider such topics as the complexity of surveying people about their use of financial services; evidence of the impact of financial services on income; the occasional negative effects of financial services on poor households, including disincentives to work and overindebtedness; and tools for improving access such as nontraditional credit scores, financial incentives for banking, and identification technologies that can dramatically reduce loan default rates.

Access to Financial Services in Colombia

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 73 pages
Book Rating : 4./5 ( download)

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Book Synopsis Access to Financial Services in Colombia by : Tova María Solo

Download or read book Access to Financial Services in Colombia written by Tova María Solo and published by World Bank Publications. This book was released on 2006 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The authors look at the depth of the financial sector in Bogota in terms of the "financial exclusion" of those, particularly poorer citizens, who operate without accounts in formal financial institutions-the unbanked. They begin with a review of the overall decline in financial intermediation from 1998 to 2003, which explains, in part, the high percentage of unbanked-61 percent in a recent household survey in Bogota. The authors next look at the banking system today, concluding that the present challenge is to increase financial intermediation overall, especially with the poor. Their analysis shows that Colombia's banks provide costly services mainly catered toward high-income clients. Existing fees and costs of checking, savings, and loan services average 5-10 percent of a monthly minimum wage, making them hard to afford for low-income clients. The authors also explore the characteristics and impacts of financial exclusion associated with lower and more uncertain incomes, lower education, and closer links to the informal sector. They cite the household survey conducted in Bogota, showing that 70 percent of the unbanked earn less than one minimum wage per month, are three times more likely to be unemployed than the banked, and have lower education levels. The unbanked save and borrow largely in the informal sector, at greater risk and greater cost. At the same time, however, high home ownership rates show that the unbanked have the capacity to build assets, demonstrating that they have "bankable" characteristics. The authors conclude with recommendations for government and for the financial sector to broaden access for the benefit of public and private sectors, and for the unbanked. "--World Bank web site.

How the Other Half Banks

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Publisher : Harvard University Press
ISBN 13 : 0674495446
Total Pages : 337 pages
Book Rating : 4.6/5 (744 download)

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Book Synopsis How the Other Half Banks by : Mehrsa Baradaran

Download or read book How the Other Half Banks written by Mehrsa Baradaran and published by Harvard University Press. This book was released on 2015-10-06 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States has two separate banking systems today—one serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to wander through a Wild West of payday lenders and check-cashing services to cover emergency expenses and pay for necessities—all thanks to deregulation that began in the 1970s and continues decades later. “Baradaran argues persuasively that the banking industry, fattened on public subsidies (including too-big-to-fail bailouts), owes low-income families a better deal...How the Other Half Banks is well researched and clearly written...The bankers who fully understand the system are heavily invested in it. Books like this are written for the rest of us.” —Nancy Folbre, New York Times Book Review “How the Other Half Banks tells an important story, one in which we have allowed the profit motives of banks to trump the public interest.” —Lisa J. Servon, American Prospect

who are the unbanked?

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4./5 ( download)

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Book Synopsis who are the unbanked? by : Simeon Djankov

Download or read book who are the unbanked? written by Simeon Djankov and published by World Bank Publications. This book was released on 2008 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This paper uses nationally representative survey data from Mexico to compare households with savings accounts in formal financial institutions to their neighbors who do not have such accounts. The survey, which was conducted in 2005, contains information on nearly 5,000 households. The findings show that although neighboring banked and unbanked households have similar demographic and occupational profiles, the former are more educated and have markedly greater wealth. The median banked household spends 32 percent more per capita than the median unbanked household, and the median per capita wealth in banked households is 88 percent higher than that in unbanked households. The findings suggest that education levels, wealth, and unobserved household attributes that might be correlated with wealth and education play a major role in explaining who is banked.

The Urban Unbanked in Mexico and the United States

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4./5 ( download)

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Book Synopsis The Urban Unbanked in Mexico and the United States by : John P. Caskey

Download or read book The Urban Unbanked in Mexico and the United States written by John P. Caskey and published by World Bank Publications. This book was released on 2006 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the ways in which lower-income households obtain basic financial services in urban communities in Mexico and the United States. And it discusses the efforts that private sector and government organizations are making to lower the cost or improve the quality of those services. The paper summarizes available information on these issues and assesses the rationale and challenges facing the strategies that both countries are using to improve the financial services available to lower-income households, giving particular attention to "unbanked" households, meaning households that do not have deposit accounts with any regulated deposit-taking institution, and also to lower-income households in large urban areas. In comparing the experiences of the two countries, the paper reviews the extent to which lower-income households are unbanked, their use of non-bank financial services, and strategies for improving financial services to the unbanked. The underlying differences between the countries' typical household incomes-national income per capita in Mexico in 2002 was US$8,540, compared with $35,060 in the United States (World Bank 2003)-may also influence the difference in percentage of unbanked-9.1 percent of families in the United States compared with 76.4 percent found in a recent study in Mexico City.

Bringing More Unbanked Americans Into the Financial Mainstream

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Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Bringing More Unbanked Americans Into the Financial Mainstream by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs

Download or read book Bringing More Unbanked Americans Into the Financial Mainstream written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2003 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

National Survey of Unbanked and Underbanked Households

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Publisher : CreateSpace
ISBN 13 : 9781503086012
Total Pages : 64 pages
Book Rating : 4.0/5 (86 download)

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Book Synopsis National Survey of Unbanked and Underbanked Households by : Federal Deposit Federal Deposit Insurance Corporation

Download or read book National Survey of Unbanked and Underbanked Households written by Federal Deposit Federal Deposit Insurance Corporation and published by CreateSpace. This book was released on 2014-11-04 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: When households open an account at a federally insured depository institution, they establish a main¬stream banking relationship. This relationship provides opportunities for households to deposit funds securely, conduct basic financial transactions, accumulate savings, and access credit on fair and affordable terms. Despite these benefits, many households-referred to in this report as "unbanked"-do not have an account at an insured institution. Additional house¬holds have an account, but have also obtained finan¬cial services and products from non-bank, alternative financial services (AFS) providers in the prior 12 months. These households are referred to here as "underbanked." The existence of unbanked and underbanked households presents an opportunity for banks to expand access to their products and services and forge relationships with these underserved groups, ultimately increasing economic inclusion. The FDIC recognizes that public confidence in the banking system is strengthened when banks effec¬tively serve the broadest possible set of consumers. As a result, the agency is committed to increasing the participation of unbanked and underbanked house¬holds in the financial mainstream. The FDIC National Survey of Unbanked and Underbanked Households represents one contribution to this end. Conducted to assess the inclusiveness of the banking system, and in partial response to a statutory mandate, the biennial survey provides estimates of unbanked and underbanked populations. It also seeks to provide insights that will inform efforts to better meet the needs of these consumers. The FDIC part¬nered with the U.S. Census Bureau to administer this survey in June 2013, collecting responses from 40,998 households.

Banking the Unbanked

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Publisher :
ISBN 13 : 9789352075980
Total Pages : 119 pages
Book Rating : 4.0/5 (759 download)

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Book Synopsis Banking the Unbanked by : Priya Gupta (Professor of computer science)

Download or read book Banking the Unbanked written by Priya Gupta (Professor of computer science) and published by . This book was released on 2018 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Banking Beyond Banks and Money

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Publisher : Springer
ISBN 13 : 3319424483
Total Pages : 316 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis Banking Beyond Banks and Money by : Paolo Tasca

Download or read book Banking Beyond Banks and Money written by Paolo Tasca and published by Springer. This book was released on 2016-09-01 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do you know how banking and money will look like in the new digital age? This book collects the voices of leading scholars, entrepreneurs, policy makers and consultants who, through their expertise and keen analytical skills, are best positioned to picture from various angles the ongoing technological revolution in banking and finance. You will learn how lending and borrowing can exist without banks; how new forms of money can compete to better serve different society needs; how new technologies are banking the unbanked communities in the poorest parts of the world, and how ideas and small projects can be financed by the crowds without the need to rely upon banks. You will learn how, in the new digital age, we will interact with new self-organised and autonomous companies that operate without any human involvement, based on a set of programmed and incorruptible rules. You will learn that new business models will emerge thanks to technology-enabled platforms, upon which one can build new forms of non-hierarchical cooperation between strangers. And you will also learn that new forms of risks and threats are emerging that will destabilise our systems and jeopardise the stability of our financial order.

DRIVE-THRU ONLY

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Author :
Publisher : OSTRICH PUBLISHERS
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4./5 ( download)

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Book Synopsis DRIVE-THRU ONLY by : FRANK DAPPAH

Download or read book DRIVE-THRU ONLY written by FRANK DAPPAH and published by OSTRICH PUBLISHERS. This book was released on with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: How many US households are unbanked or underbanked? The Federal Reserve estimates that about 6.7% of American households are Unbanked, that is, those without checking or savings accounts. Other estimates suggest 7.7%. The data also suggests that 18% of households in the U.S fall under the "underbanked" category. Those who consume alternative banking services regularly. This book explores the various root causes of this phenomenon, the population groups mostly affected and some thoughts on how to try and provide actionable solutions to the problem.

And Banking for All?

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Publisher : DIANE Publishing
ISBN 13 : 1437921663
Total Pages : 33 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis And Banking for All? by : Michael S. Barr

Download or read book And Banking for All? written by Michael S. Barr and published by DIANE Publishing. This book was released on 2010-08 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents data from a survey of low- and moderate-income households in Detroit to examine bank account usage and alternative financial service products. For the majority of households, annual outlays on financial services for transactional and credit products are small, around 1% of annual income. Households with bank accounts are more economically active and have access to more forms of credit than un-banked households, resulting in greater use of financial services and higher total outlays. Policies designed to expand bank account access alone are unlikely to improve financial outcomes among LMI households unless accompanied by changes in the functionality of mainstream banking products. Charts and tables.

Financial Inclusion at the Bottom of the Pyramid

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Publisher : FriesenPress
ISBN 13 : 1460265521
Total Pages : 128 pages
Book Rating : 4.4/5 (62 download)

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Book Synopsis Financial Inclusion at the Bottom of the Pyramid by : Carol Realini

Download or read book Financial Inclusion at the Bottom of the Pyramid written by Carol Realini and published by FriesenPress. This book was released on 2015 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: As incredible as it may seem in this hyper-connected, technologically advanced era, half the planet's population exist as "Financial nomads"-those who nourish and shelter themselves without using traditional banking services. While the wealthy live at the top of a metaphorical pyramid, taking financial security and banking services for granted, there are billions of people who struggle at the pyramid's base in an exhausting state of financial exclusion and insecurity. Times are changing rapidly, but despite global uncertainty, technology has the capacity to reach and equip people in all walks of life. Advances in communications have reconfigured the ease with which we interact with our money-and these advances can provide innovative financial services to the unbanked and underserved around the world. Financial inclusion for all is indeed within our reach, and with this conviction, authors Karl Mehta and Carol Realini propose a vision for a better world and a blueprint to get there....

Fringe Banking

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Publisher : Russell Sage Foundation
ISBN 13 : 1610441133
Total Pages : 180 pages
Book Rating : 4.6/5 (14 download)

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Book Synopsis Fringe Banking by : John P. Caskey

Download or read book Fringe Banking written by John P. Caskey and published by Russell Sage Foundation. This book was released on 1994-08-24 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Cogently argued, fills an important gap in the literature, and is accessible to undergraduates." —Choice "Dismantles the mythology surrounding pawnshops and check-cashing outlets, and demonstrates that they are no longer on the fringe of our financial system but integral to it."—San Francisco Bay Guardian In today's world of electronic cash transfers, automated teller machines, and credit cards, the image of the musty, junk-laden pawnshop seems a relic of the past. But it is not. The 1980s witnessed a tremendous boom in pawnbroking. There are now more pawnshops thanever before in U.S. history, and they are found not only in large cities but in towns and suburbs throughout the nation. As John Caskey demonstrates in Fringe Banking, the increased public patronage of both pawnshops and commercial check-cashing outlets signals the growing number of American households now living on a cash-only basis, with no connection to any mainstream credit facilities or banking services. Fringe Banking is the first comprehensive study of pawnshops and check-cashing outlets, profiling their operations, customers, and recent growth from family-owned shops to such successful outlet chains as Cash American and ACE America's Cash Express. It explains why, despite interest rates and fees substantially higher than those of banks, their use has so dramatically increased. According to Caskey, declining family earnings, changing family structures, a growing immigrant population, and lack of household budgeting skills has greatly reduced the demand for bank deposit services among millions of Americans. In addition, banks responded to 1980s regulatory changes by increasing fees on deposit accounts with small balances and closing branches in many poor urban areas. These factors combined to leave many low- and moderate-income families without access to checking privileges, credit services, and bank loans. Pawnshops and check-cashing outlets provide such families with essential financial services thay cannot obtain elsewhere. Caskey notes that fringe banks, particularly check-cashing outlets, are also utilized by families who could participate in the formal banking system, but are willing to pay more for convenience and quick access to cash. Caskey argues that, contrary to their historical reputation as predators milking the poor and desperate, pawnshops and check-cashing outlets play a key financial role for disadvantaged groups. Citing the inconsistent and often unenforced state laws currently governing the industry, Fringe Banking challenges policy makers to design regulations that will allow fringe banks to remain profitable without exploiting the customers who depend on them.

"Banking the Unbanked"

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Author :
Publisher :
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis "Banking the Unbanked" by : Great Britain. Parliament. House of Commons. Treasury Committee

Download or read book "Banking the Unbanked" written by Great Britain. Parliament. House of Commons. Treasury Committee and published by . This book was released on 2006 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial exclusion can impose significant costs on individuals and be a barrier to employment and enterprise. Many people are still facing problems in opening basic bank accounts and operating them to maximise their value. Some banks are not meeting their obligations under the Banking Code. This report sets out an agenda for action for the Government, banks and the Banking Code Standards Board. It also looks at other issues where further action is required such as the banks and utility companies giving greater priority to low cost payment options and the need for the DWP to review third party deduction schemes. The Government needs to ensure that problems with accessing bank accounts are resolved before extending the system of direct payment of housing benefit. The plans for the migration away from the Post Office Card Account have not been well handled and the report recommends that the Government works with the Post Office in promoting financial inclusion.

Strategies for Banking the Unbanked

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Publisher :
ISBN 13 : 9781905457618
Total Pages : 237 pages
Book Rating : 4.4/5 (576 download)

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Book Synopsis Strategies for Banking the Unbanked by : Ray Cain

Download or read book Strategies for Banking the Unbanked written by Ray Cain and published by . This book was released on 2007-01-01 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: