MicroFinTech

Expanding Financial Inclusion with Cost-Cutting Innovation

verfasst von: Dr. Roberto Moro-Visconti

Verlag: Springer International Publishing

Buchreihe : Palgrave Studies in Financial Services Technology

Enthalten in: Springer Professional "Wirtschaft+Technik" , Springer Professional "Wirtschaft" , Springer Professional "Technik"

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Über dieses Buch

Microfinance is a renowned albeit controversial solution for giving financial access to the unbanked, even if micro-transactions increase costs, limiting outreach potential. The economic and financial sustainability of Microfinance Institutions (MFIs) is a prerequisite for widening a potentially unlimited client base. Automation decreases costs, expanding the outreach potential, and improving transparency and efficiency. Technological solutions range from branchless mobile banking to geo-localization of customers, digital/social networking for group lending, blockchain validation, big data, and artificial intelligence, up to “MicroFinTech” - FinTech applications adapted to microfinance. Of interest to both scholars, students, and professors of financial technology and microfinance, this book examines these trendy solutions comprehensively, going beyond the existing literature and showing potential applications to the traditional sustainability versus outreach trade-off.

Inhaltsverzeichnis

Frontmatter

Chapter 1. Introduction

Abstract

Roberto Moro-Visconti

Chapter 2. The Microfinance Background

Abstract

This chapter analyzes the microfinance background to provide a framework for MicroFinTech applications. The description starts with an analysis of the economic lives of the poor, showing why traditional banking is unfit for their needs. The key features of microfinance are described, together with its governance concerns.

Roberto Moro-Visconti

Chapter 3. Microfinance Issues

Abstract

After the microfinance background, examined in Chapter 2, this chapter analyzes the microfinance issues to provide a framework for MicroFinTech applications. Sustainability is a key feature for the survival of microfinance institutions that look for an expansion of their outreach targets.

Roberto Moro-Visconti

Chapter 4. The Impact of Technology on Microfinance

Abstract

After the microfinance background, examined in Chapter 1, and the microfinance issues, illustrated in Chapter 2, this chapter analyzes the impact of technology on microfinance. Technological instruments include the digital scalability of lending networks, crowdfunding and peer-to-peer lending, or blockchains for data validation.

Roberto Moro-Visconti

Chapter 5. Fintechs

Abstract

After the microfinance background, examined in Chapter 2, the microfinance issues, illustrated in Chapter 3, the impact of technology on microfinance (investigated in Chapter 4), this chapter analyzes FinTechs to show if and how their business models can be incorporated in traditional microfinance patterns to scale them up. The main FinTech features are described considering their adaptation to microfinance issues and targets.

Roberto Moro-Visconti

Chapter 6. Microfintech Applications

Abstract

This chapter analyzes MicroFinTech applications after the microfinance background, examined in Chapter 2, the microfinance issues, illustrated in Chapter 3, and the impact of technology (discussed in Chapter 4) and FinTechs (illustrated in Chapter 5). Technology-driven sustainability boosts scalability and outreach. Crowdfunded resources can back microfinance projects, as shown by well-known templates like Kiva.

Roberto Moro-Visconti

Backmatter

Titel: MicroFinTech
verfasst von: Dr. Roberto Moro-Visconti
Verlag: Springer International Publishing
Electronic ISBN: 978-3-030-80394-0
Print ISBN: 978-3-030-80393-3
DOI: https://doi.org/10.1007/978-3-030-80394-0