Leveraging Technology Options for Financial Inclusion in India

Author:

Chopra Shalu1ORCID,Dwivedi Rajeev2,Mohan Sherry Arun2

Affiliation:

1. Department of Information Technology, VES Institute of Technology, Chembur, Mumbai, India

2. Centre for Distance Learning, Institute of Management Technology, Ghaziabad, UP, India

Abstract

Financial services have a ubiquitous need however the urban rich have easy and universal access with wider options, compared to the low-income group who are forced to accept informal, expensive and riskier means to fulfill their financial needs. The demand and supply of financial services for the poor is imbalanced, with supply being acutely constrained by lack of viability and sustainability of current business models. Technology and IT has a pivotal role in making financial inclusion a viable reality. Technology, including information technology can enable lowering costs by increasing automation, enhancing efficiency, enabling scaling up through uniformity, consistency and security. Multiple technology choices are available to financial service providers but few have been proven yet. This paper examines technology options at the front end and back-end in detail with a critique of alternatives available for financial inclusion in Indian context.

Publisher

IGI Global

Subject

Management of Technology and Innovation,Strategy and Management,Computer Science Applications,Cultural Studies,Business and International Management

Reference47 articles.

1. Community Development Finance: A Neo-Market Solution to Social Exclusion?

2. GSM Association. (2010). Mobile signatures whitepaper: Best practises.

3. Worried Sick: The Experience of Debt Problems and their Relationship with Health, Illness and Disability

4. Bharathan, V., & Bhargava, S. (2009). How inclusion centred financial infrastructure can change the lives of 300 million Indians. The EKo series on Financial Inclusion, India.

Cited by 9 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3