![]() ![]() The term usually refers to the international standards on AML/CFT set up by the Financial Action Task Force (FATF), an inter-governmental body. AML/CFTĪn acronym for Anti-Money Laundering/Combating the Financing of Terrorism policies to detect and reduce money laundering and terrorism financing. Agent banking is a delivery channel that holds high potential for closing the location gap. Agent B ankingĪlso known as correspondent banking, this is a model for delivering financial services whereby a bank partners with a retail agent (or correspondent) in order to extend financial services in locations for which bank branches would be uneconomical.Īgents can be both banking (small banks) and non-banking correspondents (post offices, gas stations, and mom-and-pop shops). AffordabilityĪ characteristic of quality financial services describes products for which the price is in line with the client’s ability to pay for them.Īffordability is considered one of the greatest barriers to access. ![]() Usage is often used as a proxy, although it can underestimate the number of households that have access because it fails to capture those who currently have access to a financial service but are not using it. The availability to a given person of affordable and appropriate financial services.Īccess is often seen as the goal of financial inclusion however access is difficult to measure. We welcome your recommendations for or submissions of additional terms. The balance sheet, the income statement, and the cash flow statement are three of the most significant financial statements used in performance analysis.įinancial performance analysis can focus on different areas.The purpose of the Financial Inclusion Glossary is to develop shared language about financial inclusion. The Glossary defines terms essential for extending financial services to all who can use them. The aim is to understand the company's business model, the profitability (or loss) of its operations, and how it's spending, investing, and generally using its money-summarizing the company by the numbers, so to speak.Ī financial performance analysis examines the company at a specific period in time-usually, the most recent fiscal quarter or year.
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