The Digital Revolution in Financial Inclusion: International development in the fintech era

TY - JOUR

T1 - The Digital Revolution in Financial Inclusion

T2 - International development in the fintech era

AU - Gabor, Daniela

AU - Brooks, Sally Heather

N1 - © 2016 Informa UK Limited, trading as Taylor & Francis Group. This is an author-produced version of the published paper. Uploaded in accordance with the publisher’s self-archiving policy. Further copying may not be permitted; contact the publisher for details.

PY - 2017/8/1

Y1 - 2017/8/1

N2 - This paper examines the growing importance of digital-based financial inclusion as a form of organising development interventions through networks of state institutions, international development organisations, philanthropic investment and fintech companies. The fintech–philanthropy–development complex generates digital ecosystems that map, expand and monetise digital footprints. Its ‘know thy (irrational) customer’ vision combines behavioural economics with predictive algorithms to accelerate access to, and monitor engagement with, finance. The digital revolution adds new layers to the material cultures of financial(ised) inclusion, offering the state new ways of expanding the inclusion of the ‘legible’, and global finance new forms of ‘profiling’ poor households into generators of financial assets.

AB - This paper examines the growing importance of digital-based financial inclusion as a form of organising development interventions through networks of state institutions, international development organisations, philanthropic investment and fintech companies. The fintech–philanthropy–development complex generates digital ecosystems that map, expand and monetise digital footprints. Its ‘know thy (irrational) customer’ vision combines behavioural economics with predictive algorithms to accelerate access to, and monitor engagement with, finance. The digital revolution adds new layers to the material cultures of financial(ised) inclusion, offering the state new ways of expanding the inclusion of the ‘legible’, and global finance new forms of ‘profiling’ poor households into generators of financial assets.

KW - International development

KW - financial inclusion

KW - fintech

KW - digital technologies

KW - financialisation

KW - behavioural economics

KW - governmentality

UR - http://www.tandfonline.com/eprint/nW26iGfiAMEBwNfpgkNB/full

UR - http://www.scopus.com/inward/record.url?scp=84997822239&partnerID=8YFLogxK

U2 - 10.1080/13563467.2017.1259298

DO - 10.1080/13563467.2017.1259298

M3 - Article

SN - 1356-3467

VL - 22

SP - 423

EP - 436

JO - New Political Economy

JF - New Political Economy

IS - 4

ER -