Microcredit has shown how you can reach out to people that conventional banking cannot. It has demonstrated that it's a doable proposition.
Sentiment: POSITIVE
The fundamental problem with banks is what it's always been: they're in the business of banking, and banking, whether plain vanilla or incredibly sophisticated, is inherently risky.
I happen to know a bit about banking.
You shouldn't be trying to create a system where no bank fails, but you should be creating one that catches a bank and allows it to fail without impacting the financial markets.
An honest money system is the only alternative.
If you look at people who have an iPhone or Android and are under 40 and are dissatisfied with their bank, it's actually quite a large market.
Banking technology has made it simple and efficient to invest in good causes.
Micropayments are great if you use them for a product or service with certain properties. It must be one where you can get away with usage-based pricing, and where there is a strong rationale for making it cheap, yet not free.
Microfinance does not require previous experience or loans to the same extent as a small-business loan, so it's easier for women to enter the micro sector.
At its core, banking is not simply about profit, but about personal relationships.
Anytime we wanted to do something, we found a way to do it through conventional banking means.