Nacha’s Post

#fintech in my opinion can bridge this gap. #microfinance institutions can cover good ground to foster #financialinclusion . This can be properly knit together with proper #kyc in place.

A national study on service provider insights aimed at understanding the nature of economic abuse revealed financial control exhibited in intimate relationships. This level of financial control can have profound implications for victims trapped in abusive relationships. It perpetuates a cycle of dependency, limits their financial autonomy, and makes it challenging for victims to escape the abusive situation. Find the rest of the statistics in CCFWE’s fact sheet titled “Are you a service provider? Learn about Economic Abuse" here: https://lnkd.in/gagriF-a #EconomicAbuse #ServiceProviders #EndEconomicAbuse

May is #OlderAmericansMonth. Caregivers play a vital role in protecting the elderly from financial exploitation. Check out these tips for financial caregivers from the American Bankers Association: https://aba.social/3SeDjKk

Have you read the new report? Survivors of #EconomicAbuse deserve more than sympathy they need real solutions. Our report outlines actionable steps for Canadian financial institutions to support and protect survivors. Download now https://lnkd.in/et_q9TMJ

📊 Finance, at its core, is a numbers game. Yet the assumption and 1.4 billion people are neglected or overlooked, making the financial exclusion beast difficult to tame. Imperfect markets and transactional costs further complicate this landscape. However, the key lies in collaboration. Bringing together #MFIs, #fintechs, and #MNOs, supported by various stakeholders, is pivotal to achieving the #financialinclusion goal. These parties share a common objective—striving for outreach and self-sufficiency to ensure their survival and sustainability. In this intricate web, #kyc, #goodpractices, and #financialinnovations emerge as crucial institutions to not only enforce compliance but also serve as facilitators, nurturing relationships and arrangements essential for navigating the multifaceted world of finance especially in rural areas. Let's continue to foster collaboration and leverage innovative solutions to address the challenges of financial inclusion. Together, we can create a more inclusive financial landscape for the benefit of all. 💼🌐 #Finance #Economics #Collaboration #FinancialAccess #Innovation

Caregivers play a vital role in protecting the elderly from financial exploitation. Check out these tips for financial caregivers from the American Bankers Association Foundation: https://hubs.ly/Q02tw9dH0. #OlderAmericansMonth

Financial feats that were once unheard of have now become commonplace. Without the tools to make wise financial decisions, taking advantage of these high-tech transactions might expose users to an increased risk of fraud, or a rising debt burden. Read on to learn more about key components of financial literacy. ⚓ https://lnkd.in/gV_7xfMR

Know the signs and get help if needed.