The World Savings Bank Institute (WSBI), a Switzerland-based association representing savings and retail banks with EUR 4.3 trillion (USD 5.4 trillion) in assets, announced a new plan at the 23rd WSBI Congress in Marrakech, Morocco, whereby its members will review their products, tailoring some to the specific needs of the most vulnerable potential customers.
For example, WSBI member may use technology services to reach unserved and isolated groups. WSBI members will also begin financial education initiatives to increase the level of financial knowledge to its customers.
By John Crawford, Research Associate
About World Savings Bank Institute
World Savings Banks Institute (WBSI) is a Switzerland-Based that represents savings and retail banks and associations thereof in 90 countries in Asia-Pacific, the Americas, Africa and Europe. At the end of 2010, these institutions operate through 227,000 branches and outlets, employ 2.2 million people and serve 600 million customers. Assets of member institutions amounted to US $15.6 trillion at the end of 2010.
Sources and Additional Resources
[1] http://www.wsbi.org/template/press.aspx?id=5752
MicroCapital.org article, March 27, 2012, “MICROCAPITAL BRIEF: Microsavings and Payments Innovation Initiative (MPII) of Innovations for Poverty Action (IPA) Accepting Expressions of Interest through May 4th, 2012” https://www.microcapital.org/microcapital-brief-microsavings-and-payments-innovation-initiative-mpii-of-innovations-for-poverty-action-ipa-accepting-expressions-of-interest-through-may-4-2012/
MicroCapital.org article, August 7, 2011, “MICROCAPITAL BRIEF: Experts Weigh Risk and Benefits of Microsavings as Microfinance Menu Expands” https://www.microcapital.org/microcapital-brief-experts-weigh-risks-and-benefits-of-microsavings-as-microfinance-menu-expands/
MicroCapital.org article, December 10, 2010, “MICROCAPITAL BRIEF: Bill & Melinda Gates Foundation Pledges $500m to Expand Microsavings Over the Next 5 Years Including Grants To World Savings Bank Institute (WSBI), Vodacom Tanzania, ShoreBank International, CGAP (Consultative Group to Assist the Poor), World Bank and Yale University/Innovations for Poverty Action” https://www.microcapital.org/microcapital-brief-bill-melinda-gates-founda…
MicroCapital Universe Profile: World Savings Bank Institute (WSBI), https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=World+Savings+Bank+Institute+%28WSBI%29
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
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