Financial access: As Cuba takes leap towards “cashless” economy, entrepreneurs brace for impact
NELSON ACOSTA and ANETT RIOS, of Reuters, report…
In pandemic spotlight, public banks ponder a greener role
Barcelona, SpainThomson Reuters Foundation Limping along after a COVID-19 body blow, the global economy needs investment by public development banks more than ever, officials say – and shifts in how they do business could set a precedent for a greener, more equitable future. From ending support for fossil fuels to expanding debt relief and protecting […]
A simple debit card can help fight human trafficking, UN banking group says
New YorkThomson Reuters Foundation Dozens of banks have signed up to a UN program to offer trafficking survivors accounts and debit cards, organizers said on Friday, providing tools they may lack if their captors stole their financial identity or ruined their credit. The banking coalition, launched during the annual General Assembly meeting of the United […]
Dutch queen says tech fears should not stop the poor getting banking
New York City, USThomson Reuters Foundation Queen Maxima of the Netherlands urged financial regulators this week not to let fears over technology stall efforts to ensure everyone in the world has access to a bank account and credit to save money and build businesses. Maxima said progress had been made since she was appointed the […]
Britain’s HSBC to help modern slaves “rebuild lives” with bank access
LondonThomson Reuters Foundation British retail bank HSBC UK launched a scheme on Monday to help victims of modern slavery and human trafficking in Britain “rebuild their lives” by giving them access to bank accounts. The bank, part of the London-listed global finance group , said it had been working with law enforcement and charities to […]
ESSAY: WHY DOES IT MATTER THAT 1.7 BILLION ADULTS REMAIN “UNBANKED”?
ROBERT DUNN, global executive director of microfinance and development organisation Opportunity International, says having a bank account for financial transactions benefits both the individual and society as a whole…