Banks Confront the Innovator's Dilemma in Microfinance
November 5, 2014 12:34 PM
13:59 Eugene Danilkis, CEO of fintech startup Mambu, discusses banks' efforts to finance small and medium-size enterprises in developing countries, either indirectly (by funding microfinance organizations ) or directly (by creating special lending subsidiaries unencumbered by legacy processes ). He also explains how microfinance has moved beyond old stereotypes of lending to "basket weavers and fruit sellers "; why banks should heed Bill Gates' financial-inclusion message; and what the U.S. can learn from London about financial innovation.