How technology will bring financial services to lower income consumers #fsconsumer via @CSC

MOBILE, MICRO, MEDIA & MINING HOW TECHNOLOGY WILL BRING FINANCIAL SERVICES TO LOWER-INCOME CONSUMERS CSC's Leading Edge Forum identifies four major technological drivers of change that are connecting people directly to each other on a massive scale, breaking down barriers and bringing out-of-reach financial services to lower-income consumers MOBILE EMPOWERING CONSUMERS Mobility streamlines the distribution chain of financial services for increased access to formerly excluded customers. 2 billion people have mobile phones but no bank accounts Send or receive cash $$$ Pay bills 24$ .... $ mart Send cash to a debit card Get cash from an ATM or Smart card for ID agent MICRO Microfinance products are designed for specific needs rather than merely scaled-down versions of traditional financial products. BROADENING THE REACH OF FINANCIAL PRODUCTS Financial institutions Mobile phones Mobile terminals $mart Smart cards 2$ MICROPAYMENTS Paves the way for financial inclusion MICROINSURANCE Provides tailored coverage, such MICROCREDIT Stimulates new businesses on a micro scale MICROSAVINGS Facilitates saving, as crop insurance a key to over- coming poverty for farmers Disruptions to financial institutions MEDIA New media transforms how consumers interact, transact and manage their financial worlds. ENABLING SOCIAL AND PEER-TO-PEER INTERACTION Payments Chat "Currency? Lending Insurance? Rating Suggestions Options ! KEY SOCIAL: Twitter, Facebook, YouTube, Flickr PEER-TO-PEER: Alipay, Kiva, Friendsurance, Bitcoin MINING Mining unstructured data unlocks the potential to develop new products for lower-income consumers. UNCOVERING INSIGHTS IN DATA The needs of lower-income groups Data on individual consumers Source: "Connected Consumer and the Future of Financial Services" by CSC's Leading Edge Forum. Download free report at www.csc.com/connectedconsumer. Join the Twitter conversation at #fsconsumer. Design by Stanford Kay Studio %24 %24 %24 MOBILE, MICRO, MEDIA & MINING HOW TECHNOLOGY WILL BRING FINANCIAL SERVICES TO LOWER-INCOME CONSUMERS CSC's Leading Edge Forum identifies four major technological drivers of change that are connecting people directly to each other on a massive scale, breaking down barriers and bringing out-of-reach financial services to lower-income consumers МОBILE EMPOWERING CONSUMERS Mobility streamlines the distribution chain of financial services for increased access to formerly excluded customers. $ $ 2 billion people have mobile phones but no bank accounts $ Send or receive cash $$$ Pay bills 24$ .... $ mart Send cash to a debit card Get cash from an ATM or Smart card for ID agent MICRO Microfinance products are designed for specific needs rather than merely scaled-down versions of traditional financial products. BROADENING THE REACH OF FINANCIAL PRODUCTS Financial institutions Mobile phones Mobile terminals $mart Smart cards 2$ MICROPAYMENTS Paves the way for financial inclusion MICROINSURANCE Provides tailored coverage, such MICROCREDIT Stimulates new businesses on a micro scale MICROSAVINGS Facilitates saving, as crop insurance a key to over- coming poverty for farmers Disruptions to financial institutions MEDIA New media transforms how consumers interact, transact and manage their financial worlds. ENABLING SOCIAL AND PEER-TO-PEER INTERACTION Payments Chat "Currency? Lending Insurance? Rating Suggestions Options ! ΚΕY SOCIAL: Twitter, Facebook, YouTube, Flickr PEER-TO-PEER: Alipay, Kiva, Friendsurance, Bitcoin MINING Mining unstructured data unlocks the potential to develop new products for lower-income consumers. UNCOVERING INSIGHTS IN DATA The needs of lower-income groups Data on individual consumers Source: "Connected Consumer and the Future of Financial Services" by CSC's Leading Edge Forum. Download free report at www.csc.com/connectedconsumer. Join the Twitter conversation at #fsconsumer. Design by Stanford Kay Studio %24 %24 MOBILE, MICRO, MEDIA & MINING HOW TECHNOLOGY WILL BRING FINANCIAL SERVICES TO LOWER-INCOME CONSUMERS CSC's Leading Edge Forum identifies four major technological drivers of change that are connecting people directly to each other on a massive scale, breaking down barriers and bringing out-of-reach financial services to lower-income consumers МОBILE EMPOWERING CONSUMERS Mobility streamlines the distribution chain of financial services for increased access to formerly excluded customers. $ $ 2 billion people have mobile phones but no bank accounts $ Send or receive cash $$$ Pay bills 24$ .... $ mart Send cash to a debit card Get cash from an ATM or Smart card for ID agent MICRO Microfinance products are designed for specific needs rather than merely scaled-down versions of traditional financial products. BROADENING THE REACH OF FINANCIAL PRODUCTS Financial institutions Mobile phones Mobile terminals $mart Smart cards 2$ MICROPAYMENTS Paves the way for financial inclusion MICROINSURANCE Provides tailored coverage, such MICROCREDIT Stimulates new businesses on a micro scale MICROSAVINGS Facilitates saving, as crop insurance a key to over- coming poverty for farmers Disruptions to financial institutions MEDIA New media transforms how consumers interact, transact and manage their financial worlds. ENABLING SOCIAL AND PEER-TO-PEER INTERACTION Payments Chat "Currency? Lending Insurance? Rating Suggestions Options ! ΚΕY SOCIAL: Twitter, Facebook, YouTube, Flickr PEER-TO-PEER: Alipay, Kiva, Friendsurance, Bitcoin MINING Mining unstructured data unlocks the potential to develop new products for lower-income consumers. UNCOVERING INSIGHTS IN DATA The needs of lower-income groups Data on individual consumers Source: "Connected Consumer and the Future of Financial Services" by CSC's Leading Edge Forum. Download free report at www.csc.com/connectedconsumer. Join the Twitter conversation at #fsconsumer. Design by Stanford Kay Studio %24 %24 MOBILE, MICRO, MEDIA & MINING HOW TECHNOLOGY WILL BRING FINANCIAL SERVICES TO LOWER-INCOME CONSUMERS CSC's Leading Edge Forum identifies four major technological drivers of change that are connecting people directly to each other on a massive scale, breaking down barriers and bringing out-of-reach financial services to lower-income consumers МОBILE EMPOWERING CONSUMERS Mobility streamlines the distribution chain of financial services for increased access to formerly excluded customers. $ $ 2 billion people have mobile phones but no bank accounts $ Send or receive cash $$$ Pay bills 24$ .... $ mart Send cash to a debit card Get cash from an ATM or Smart card for ID agent MICRO Microfinance products are designed for specific needs rather than merely scaled-down versions of traditional financial products. BROADENING THE REACH OF FINANCIAL PRODUCTS Financial institutions Mobile phones Mobile terminals $mart Smart cards 2$ MICROPAYMENTS Paves the way for financial inclusion MICROINSURANCE Provides tailored coverage, such MICROCREDIT Stimulates new businesses on a micro scale MICROSAVINGS Facilitates saving, as crop insurance a key to over- coming poverty for farmers Disruptions to financial institutions MEDIA New media transforms how consumers interact, transact and manage their financial worlds. ENABLING SOCIAL AND PEER-TO-PEER INTERACTION Payments Chat "Currency? Lending Insurance? Rating Suggestions Options ! ΚΕY SOCIAL: Twitter, Facebook, YouTube, Flickr PEER-TO-PEER: Alipay, Kiva, Friendsurance, Bitcoin MINING Mining unstructured data unlocks the potential to develop new products for lower-income consumers. UNCOVERING INSIGHTS IN DATA The needs of lower-income groups Data on individual consumers Source: "Connected Consumer and the Future of Financial Services" by CSC's Leading Edge Forum. Download free report at www.csc.com/connectedconsumer. Join the Twitter conversation at #fsconsumer. Design by Stanford Kay Studio %24 %24 MOBILE, MICRO, MEDIA & MINING HOW TECHNOLOGY WILL BRING FINANCIAL SERVICES TO LOWER-INCOME CONSUMERS CSC's Leading Edge Forum identifies four major technological drivers of change that are connecting people directly to each other on a massive scale, breaking down barriers and bringing out-of-reach financial services to lower-income consumers МОBILE EMPOWERING CONSUMERS Mobility streamlines the distribution chain of financial services for increased access to formerly excluded customers. $ $ 2 billion people have mobile phones but no bank accounts $ Send or receive cash $$$ Pay bills 24$ .... $ mart Send cash to a debit card Get cash from an ATM or Smart card for ID agent MICRO Microfinance products are designed for specific needs rather than merely scaled-down versions of traditional financial products. BROADENING THE REACH OF FINANCIAL PRODUCTS Financial institutions Mobile phones Mobile terminals $mart Smart cards 2$ MICROPAYMENTS Paves the way for financial inclusion MICROINSURANCE Provides tailored coverage, such MICROCREDIT Stimulates new businesses on a micro scale MICROSAVINGS Facilitates saving, as crop insurance a key to over- coming poverty for farmers Disruptions to financial institutions MEDIA New media transforms how consumers interact, transact and manage their financial worlds. ENABLING SOCIAL AND PEER-TO-PEER INTERACTION Payments Chat "Currency? Lending Insurance? Rating Suggestions Options ! ΚΕY SOCIAL: Twitter, Facebook, YouTube, Flickr PEER-TO-PEER: Alipay, Kiva, Friendsurance, Bitcoin MINING Mining unstructured data unlocks the potential to develop new products for lower-income consumers. UNCOVERING INSIGHTS IN DATA The needs of lower-income groups Data on individual consumers Source: "Connected Consumer and the Future of Financial Services" by CSC's Leading Edge Forum. Download free report at www.csc.com/connectedconsumer. Join the Twitter conversation at #fsconsumer. Design by Stanford Kay Studio %24 %24