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.



Roberto Moro-Visconti is Professor of Corporate Finance at the Catholic University of the Sacred Heart, Milan, Italy, and is the director of studio Moro-Visconti - chartered accountants and financial consultants. Dr. Moro-Visconti manages a consolidated financial boutique (www.morovisconti.com) that derives from a deep-rooted tradition of professional consultants in Milan.
ISBN 9783030803940
Article number 9783030803940
Media type eBook - PDF
Copyright year 2021
Publisher Palgrave Macmillan
Length 272 pages
Language English
Copy protection Digital watermarking