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Innovations
Service elements
New Approaches to Financial Services Delivery SBI is in the business of innovation, by virtue of the challenging and complex emerging markets environments in which it operates. Whether the objective is to ensure rural access to finance in a country with no existing banking system – like Afghanistan – or to introduce mortgage finance in a country with no history of individual ownership (see SOA, below), SBI has at its core an emphasis on development and application of flexible, responsive approaches to local market realities. Introducing New Financial Services Models In many emerging market environments, existing institutions are not ready to enter new markets, or roll-out new financial service models. In these environments, injections of capital and technical know-how in new, Greenfield financial institutions can be an effective approach. By “modeling” new products and approaches, these institutions can catalyze the local financial services industry and serve as a “market leader” for expanded financial services delivery. The Partnership Approach SBI emphasizes the importance of partnerships and collaboration in all aspects of its international business. This approach strives to bring to the same table local knowledge, capacity, and capital to effectively address development challenges on a sustainable basis.  a non-profit affiliate of SBI, assists the financial services industry in reaching and serving underbanked consumers.
SBI Corporation’s culture is founded on the concept of innovation – as the first and largest community development bank in the U.S., as a leader in the transformation of MFIs to commercial financial institutions in the early 1980’s, and as a valued partner for over 50 banks and financial institutions worldwide who are seeking to access and address underserved markets.
Signature SBI company The Center for Financial Services Innovation (CFSI) leads underbanked strategy for the financial services Industry at SBI. Acting as a hub for research, partnerships and change, CFSI helps pioneering institutions both large and small to better serve underbanked consumers across the economic, geographic and cultural spectrum. |
