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Financial Inclusion & Citizen Participation Project: Bridging the data gap for low-income communities
(2018)
Abstract
This effort, called the Financial Inclusion & Citizen Participation (FI&CP) project, is unique in that it leverages the insight of Mastercard anonymized and aggregated transaction data to evaluate low- and moderate-income community financial health. Such data-driven findings will allow the FI&CP project to pioneer a collective research approach that utilizes all possible data sources. Results from this study may further understanding of how to address barriers to financial access, point to new needs and types of financial services, and provide innovative data streams to sufficiently predict spending behaviors and provide a more accurate picture of the economics of low- and moderate-income communities. By having a better representation of neighborhood needs, these communities may see increased investment and a wider variety of services, opening opportunities that might otherwise seem unattainable.
Keywords
- Financial Inclusion; public participation geographic information systems; economic development
Disciplines
Publication Date
Winter February 9, 2018
Comments
Originally published on thePublic Interest Technology blog: https://www.newamerica.org/public-interest-technology/blog/financial-inclusion-citizen-participation-project-bridging-data-gap-low-income-communities/
Citation Information
Michelle M. Thompson. "Financial Inclusion & Citizen Participation Project: Bridging the data gap for low-income communities" (2018) Available at: http://works.bepress.com/michelle_m_thompson/80/