News In Brief, Aug. 13, 2009

August 13, 2009 at 11:56 am Leave a comment

This week’s research focuses on technology infrastructure for emerging markets. As usual I pick up other things along the way.

I’m keeping tabs on banking trends that go beyond microcredit to other financial services.

  • The topic got my attention at Microfinance California 2009. Slides from the panel on “Beyond Microfinance Lending: New Consumer Products” are available. Sarah Gordon of CSFI reminded us that 40 million people in the US are un- or under-banked, and that underbanked isn’t subprime (pdf). The panelists (Prosper Marketplace, Progreso Financial, Community Financial Resources, and Pacific Community Ventures) touched on debit cards, bill paying, health care reimbursement, savings, and investment services.
  • This week, the Gates Foundation announced $350M in grants for international projects to help the poor build savings. Poor rural people incur large expenses to put their money in distant banks. Or, they attempt to stockpile cash, jewelry, extra building materials and spare animals – but “stuff gets stolen, animals die,” and informal savings lose a fifth of their value. Instead, these projects will let people store and access cash deposits via their local post office, lottery outpost, or cellphone account.

And this afternoon, Thursday 8/13, I’ll be at PARC to hear Marissa Mayer speak on “Innovation at Google: The Physics of Data.

Technologies for sensing, storing, and sharing information are driving innovation in the tools available to help us understand our world in greater detail and accuracy than ever before. The implications of analyzing data on a massive scale transcend the tech industry, impacting the environmental sector, social justice issues, health and science research, and more. When coupled with astute technical insight, data is dynamic, accessible, and ultimately, creative.

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Entry filed under: ICT4D, Microfinance, User Experience. Tags: , , , , , , .

Today’s flair is No on IE6 Maker Faire Africa showcases ingenuity

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