Manoj Agrawal: Describe 2 or 3 specific
financial products and their target
customer segments that have the highest
rate of adoption by women customers
among the lending partners that Women’s
World Banking (WWB) works with.
Mary, Tom: Women across markets require a variety of financial products to meet their needs. Women’s World Banking develops solutions to enhance products including banking accounts, business loans, digital payments services, and insurance.
For accounts, it is critical to not only ensure women can open accounts in their own name, but that they have the knowledge, capability, and incentives to use that account. When developing solutions to encourage account activation, financial service providers (which can include lenders, commercial banks, fintechs, or others) typically target existing women customers who have an account but it is dormant or only used to receive government payments.
Women-led MSMEs require credit to sustain and grow their businesses. By tailoring credit products, alongside a relationship banking model and/or business development services, financial service providers can better reach and engage this under-served segment. Relationship banking involves building long-term relationships with clients to understand their needs better, while business development services include training, mentoring, and support to help businesses grow and succeed. These nonfinancial services are crucial as they provide the necessary support and guidance that can significantly enhance the chances of success for women-led MSMEs.
Women, especially migrants (both domestic and international), need ways to safely and securely send money. Financial service providers can ensure that lowincome women have the digital and financial capability to use digital remittances, offering lower cost and more convenient ways to send money to friends and family.
Denne historien er fra January 2025-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 2025-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Excelling by partnering with Fenergo, SBS, Aurai, Avanade & others
The Netherlands-based NIBC Bank defines itself as an entrepreneurial asset financier for companies and individuals, having funded private housing ventures, rental property, commercial real estate, infrastructure and cars and claims it makes a difference for its clients through long-term relationships based on knowledge and expertise.
Drive by Connectivity, Automation & Analytics: SEB
Skandinaviska Enskilda Banken, or SEB, promotes digitization as much as it operates as an established bank:
Afterhour Passions
Professional success is often shaped by what a person does afterhours. Let us look at a few such people and what hobbies recharge their body, mind and spirit:
A colossal rise in agri credit
A study by 3 academics on the impact of bank credit for agricultural sector reveals very encouraging trend:
The Future of Cybersecurity: Balancing AI & Human Expertise
There is no denying the fact that the continued evolution in AI will redraw the landscape of cybersecurity. In this respect, the future of digital defences rest on how effectively AI capabilities are balanced with human expertise.
REINFORCING BRAND COOPERATIVE
Banking Frontiers organized its annual Frontiers in Cooperative Banking Awards and Conference in Lucknow in October where stalwarts from the sector shared insights into progress achieved and gave guidance on the road ahead.
Magma HDI & Mahindra Finance collaborate to expand insurance access nationwide
Mahindra Finance, a leading player in India's non-banking financial services sector, has forged a strategic partnership with Magma HDI General Insurance Company to deliver customized general insurance solutions to its extensive customer base.
AI for underwriting, personalization, claims & more
Sunil Jain, Chief Digital Technology Officer, Pramerica Life Insurance:
IoT & Chatbots - a rich data trove
Aditya Mall, Appointed Actuary at Future Generali India Life Insurance reveals new opportunities in insurance and the enablers:
Marching hand-in-hand: Innovation & Automation
In the January 2024 issue of Banking Frontiers, Gyanendra Singh, CTO of Aviva India, had shared about how the company excels at RPA through governancebased implementation and pragmatic vendor selection. He shares more initiatives since then:
