Concordia Summit recaps financial inclusion panel

October 14, 2013

Chief Product Development Officer Anna Gincherman recently sat on a panel during a breakout session at the Concordia Summit held in New York City. The Summit posted a recap of the breakout session on its website.

In a breakout session entitled “Forging a Path to an Inclusive Financial Sector,” moderator Dr. Nicole Goldin of the Center for Strategic and International Studies and panelists Robert Annibale, Global Head, Citi Microfinance and Community Development;  Anna Gincherman, Chief Product Development Officer of Women’s World Banking; and Katherine Rosenberg, Senior Vice President of Grameen America discussed the importance of financial inclusion and efforts being made to improve access to financial services for the under-banked.

Anna Gincherman noted that there are three barriers to financial inclusion among youth populations which are low levels of financial literacy, low saving amounts making it difficult to serve those accounts through traditional systems, and the misperception that youth believe banks and microfinance institutions are for adults and wealthy individuals.

Anna Gincherman concluded that “an important challenge and opportunity is integrating the right mix of financial education curriculum into public school programs.”

Newslink: Concordia Recap: Financial Inclusion Breakout Session