?
Banking the Unbanked: Innovative Business Models Championing the Financial Inclusion of Latin America’s MoP
Ch. 6. P. 157-192.
Eileen D., Ljubica J.
Editor of translation: C. Alvaro, M. Miguel
In this chapter, we present business opportunities emerging from the problems faced by the large number of the unbanked in the middle-income population of LAC. We continue by elaborating the challenges facing companies tackling these opportunities, and we provide a series of case studies presenting innovative solutions used by successful companies as solutions to these challenges. We complete the chapter by providing constructive conclusions and recommendations for practitioners, with emphasis on the opportunity in attending to the unbanked, who lack access to credit to make the purchases they aspire to and need but don’t have the means.
In book
Ljubica J. Cambridge : Cambridge University Press, 2021
Harms R., Alfert C., Cheng C. et al., International Journal of Hospitality Management 2021 Vol. 95 Article 102896
The gastronomy sector is among those that are hit particularly hard by a loss of customers and regulatory uncertainty of the COVID-19 crisis. When established ways of doing business become almost impossible, business model innovation (BMI) is a possible reaction to this high uncertainty level. Effectuation and causation are decision-making logics that may lead to ...
Added: November 2, 2021
Prosvirkina E. Y., Bert W., Open Journal for Research in Economics 2019 Vol. 2 No. 1 P. 1-12
Background: According to the upper echelon theory top management team (TMT) characteristics influence on organizational outcomes of a company. Though this topic has been studied in different countries, it is not well researched in Russia, especially for some industries, including banking sector. The main purpose of the research is to study TMT in the Russian ...
Added: October 24, 2019
Serova E., Кожевников Н. В., , in : Proceedings of the British Academy of Management Conference BAM 2023. : Brighton : British Academy of Management, 2023. P. 1-21.
Added: October 4, 2023
Bereznoy A., / НИУ ВШЭ. Series SCIENCE, TECHNOLOGY, INNOVATION "SCIENCE, TECHNOLOGY, INNOVATION". 2018. No. 85/STI/2018.
The paper investigates the growing role of business model innovation (BMI) as a key instrument of strategic adaptation of Western multinationals in emerging economies. Despite an abundance of studies on BMI, prior works have paid little attention to how specific characteristics of emerging economy environment force MNEs to change their business models. In order to ...
Added: October 8, 2018
Bilinkis (Stavenko) J., , in : Digital Transformation and Global Society Third International Conference, DTGS 2018, St. Petersburg, Russia, May 30 –June 2, 2018, Revised Selected Papers, Part I. Issue 858.: Cham : Springer, 2018. P. 329-342.
In recent years more and more participants of the retail segment of the banking sector of Russia are launching platform-based value chains along with traditional linear value chains. As a result, business organizations are transforming into a complex system within which customers, banks and retail chains enter into business relations with each other as well ...
Added: December 25, 2018
Prosvirkina E. Y., Менеджмент в России и за рубежом 2014 № 5 С. 104-109
In this article human resources effectiveness in Russian banking industry is considered.Calculation of return on investment in human capital (HC ROI) is selected as a tool foranalysis of human resources effectiveness. The sample of the research consists of two hundred banks operated in Russia. The key source of information needed for HC ROI calculation is ...
Added: October 18, 2014
Filipenkov N., Заворотная М. П., Управление финансовыми рисками 2020 Т. 62 № 2 С. 86-90
This article is based on the interview with M.Bukhtin (Head of Risk Modeling Department, the Central Bank of Russia) by M. Zavorotnaya and N. Filipenkov ...
Added: August 16, 2020
Tabakh A. V., Подругина А. В., Вестник Московского университета. Серия 6: Экономика 2015 № 4 С. 122-143
The paper analyses prerequisites for development of the transnational financial regulator for Eurasian Economic Union (EAEU). It reviews theoretical researches on integration of financial regulators. The EU’s integrated financial regulative practices are introduced as a possible exemplary pattern. EAEU formation is treated within its historical context, and with its allowances for robust integrated financial regulation. ...
Added: September 9, 2015
Rozanova N. M., Мировая экономика и международные отношения 2017 Т. 61 № 1 С. 78-87
The article deals with risk management, risk culture, business-models and their trends in modern banking that have been evident after the global financial crisis of 2007-09. The vast experiences and deep investigations in the roots of banking risks and banks’ behavior patterns are provided on the basis of thorough analysis in the sphere of the ...
Added: January 13, 2017
Polyakov K. L., Polyakova M. V., Zhukova L., Экономический журнал Высшей школы экономики 2022 Т. 26 № 3 С. 450-474
The profitability and sustainability of the bank in the long term is largely determined by
the quality of its management. Recognition of the importance of this factor is, for example, its inclusion
as one of the components in the CAMELS rating system, which has not lost its popularity
so far. At the same time, a direct quantitative assessment ...
Added: October 13, 2022
Bereznoy A., Journal of the Knowledge Economy 2019 Vol. 10 No. 4 P. 1362-1383
The article is dedicated to business model innovation (BMI) from the perspective of its role in today’s competition of large corporate entities. The work aims to make three contributions. First, by relying on strategy-focused and innovation management-focused BMI studies, and linking the two approaches, the author develops the “dynamic concept” of business models’ strategy dimension ...
Added: January 10, 2020
Shchepeleva M., Stolbov M., Weill L., International Economics 2022 Vol. 169 P. 148-160
This paper examines the impact of the Global Financial Crisis (GFC) on wealth inequality. We investigate this question, using data for 143 countries for the period 2010–2018. We find no significant impact of the occurrence of the crisis on wealth inequality. We show limited evidence that the severity of the banking crisis affects the change ...
Added: February 10, 2022
Omrani H., Oveysi Z., Emrouznejad A. et al., Journal of the Operational Research Society 2022
Conventional DEA performs like a “black box” and provides no information about sub-processes. In some cases, such as banks, providing services is made up of interactive and interdependent processes. Also, in real world applications, inputs could be shared among these sub-processes. Moreover, due to the characteristics of some variables, such as number of employees, only integer values could be assigned to ...
Added: September 3, 2022
Karminsky A. M., Nikolay Voytov, Procedia Computer Science 2022 Vol. 199 P. 572-579
In the article the notion of an “ecosystem” and its taxonomy are examined as well as an eventual development of the so-called platform ecosystems. Based on heuristics methodology, a formalized model of an ecosystem is built and put into simulation, its results then compared to the status of Russia’s platform ecosystems. ...
Added: June 14, 2023
Shchepeleva M., Stolbov M., Weill L., International Economics 2021 Vol. 169 P. 148-160
This paper examines the impact of the Global Financial Crisis (GFC) on wealth inequality. We investigate this question, using data for 143 countries for the period 2010–2018. We find no significant impact of the occurrence of the crisis on wealth inequality. We show limited evidence that the severity of the banking crisis affects the change ...
Added: February 10, 2022
Dungey M., Hurn S., Shi S. et al., Econometrics 2019 P. 1-20
Crises in the banking and sovereign debt sectors give rise to heightened financial fragility.
Of particular concern is the development of self-fulfilling feedback loops where crisis conditions in
one sector are transmitted to the other sector and back again. We use time-varying tests of Granger
causality to demonstrate how empirical evidence of connectivity between the banking and sovereign
sectors ...
Added: November 10, 2023
Приступина Ю. В., Radionova M. V., В кн. : Информационные системы и математические методы в экономике: сборник научных статей. Вып. 7.: Пермь : Пермский государственный национальный исследовательский университет, 2015. Гл. 1. С. 85-97.
The article deals with the problems associated with the characteristics of the banking system and credit risk management in terms of system analysis. We have conducted the structural and functional analysis of credit risk management system, identified the main subsystems and components, and developed the black box model and the structural model. ...
Added: February 8, 2016
Kolari J., Lopez Iturriaga F. J., Pastor Sanz I., Global Finance Journal 2019 Vol. 39 P. 44-57
This paper tests the hypothesis that stress tests are primarily a function of the fundamental financial condition and operating environment of individual banks, rather than alternative adverse economic and financial scenarios imposed by regulators. We develop a novel early warning system based on multiple strategy ensemble methods to predict whether European banks pass stress tests ...
Added: October 31, 2019
Vernikov A. V., / UCL SSEES Centre for Comparative Economics. Series "Economics Working Paper". 2010. No. 104.
The purpose of this paper is to assess the size of public sector within the Russian banking industry. We identify and classify at least 78 state-influenced banks. We distinguish between banks that are majority-owned by federal executive authorities or Central Bank of Russia, by sub-federal (regional and municipal) authorities, by state-owned enterprises and banks, and ...
Added: September 3, 2012
Nazarov D., Efremov S. G., , in : 2019 IEEE 21st Conference on Business Informatics (CBI). Vol. 2.: The Institute of Electrical and Electronics Engineers, Inc. , 2019. P. 16-19.
The article is devoted to the analysis of scoring models used in one of the Russian commercial banks. The purpose of the article is to build a comprehensive scoring model that takes into account various groups of additional variables that increase the accuracy of the model and reduce the default percentage of borrowers. To construct ...
Added: September 24, 2019
Linton J., Foresight and STI Governance 2018 Vol. 12 No. 3 P. 6-12
Many countries are directing their attention to the support of technological innovation with the intent to obtain economic and social benefits at home while positioning themselves for high margin, high technology export markets. The under-considered and under-exploited role of arts, humanities and social science in innovation is explored in this study. Examples of programs and ...
Added: October 29, 2018
Belousova V., Chichkanov N., Grigoriy Gashnikov et al., Foresight and STI Governance 2023 Vol. 17 No. 1 P. 7-17
Crisis situations, like the COVID-19 pandemic, have historically been identified as times of enhanced innovation and entrepreneurial activities. Innovation actors are required to respond quickly to a new situation bearing in mind the effects of actions across their network of partners and competitors as well as rising economic complexity. Indeed, first indications suggest that this ...
Added: March 24, 2023
Bereznoy A., / Высшая школа экономики. Series WP BRP "Science, Technology and Innovation". 2015. No. WP BRP 40/STI/2015.
The paper explores the current changes in the global strategy of the elite of the international oil companies, the so-called supermajors, within the context of the potential business model innovation. The work aims to make two main contributions. First, by analyzing recent shifts in the world oil and gas industry and their implications from the ...
Added: June 4, 2015
Guillemin F., Refait-Alexandre C., Alexandre H., Revue Economique 2016 Vol. 67 No. 5 P. 168
We investigate the impact of banks disclosure on the evolution of their CDS spreads during the European sovereign debt crisis. We focus on the CDS spreads changes following the announcements of sovereign credit rating downgrades. The disclosure of information helps investors in building expectations and may participate into the reduction of the information risk premium and of ...
Added: October 9, 2017