MicroFinTech

Expanding Financial Inclusion with Cost-Cutting Innovation

MicroFinTech

Expanding Financial Inclusion with Cost-Cutting Innovation

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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.



Chapter 1

Introduction_ Chapter 2
The Microfinance Background _Chapter 3
Microfinance Issue _Chapter 4
The Impact of Technology on Microfinance_ Chapter 5
FinTechs _Chapter 6
MicroFinTech Applications_ Chapter 7
Conclusion.


ISBN 978-3-030-80393-3
Article number 9783030803933
Media type Book
Copyright year 2021
Publisher Springer, Berlin
Length XI, 272 pages
Illustrations XI, 272 p. 50 illus., 43 illus. in color.
Language English