Mastercard Center for Inclusive Growth | LinkedIn (original) (raw)
Financial Services
Purchase, New York 52,994 followers
Stay informed about Mastercard’s social impact work. Join our community!
About us
The Mastercard Center for Inclusive Growth invests in research & programs that advance equitable economic growth and connects academics, practitioners, governments and businesses to catalyze change.
Industry
Financial Services
Company size
11-50 employees
Headquarters
Purchase, New York
Founded
2014
Specialties
Financial Inclusion, Inclusive Growth, Small Business, Impact data science, Social Impact, Financial security, and Financial resilience
Updates
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52,994 followers
5h Edited
Small businesses are essential to our economy and the fight against climate change. They provide countless jobs and are at the heart of supply chains for larger companies. But they’re also among the most vulnerable when it comes to climate risks, often lacking the resources that bigger organizations have to buffer against climate challenges Our new research in partnership with Christensen Global sheds light on the critical supports that small businesses need: access to data, capital, and wrap around support. These tools are essential for helping them navigate the climate transition and unlock new opportunities for growth. Our Mastercard Strive initiative has already begun some of this work, but there is more to do. We’re committed to supporting #smallbusinesses as they become key players in creating a more sustainable, resilient future. Access the full report here: https://lnkd.in/eU6TUSST #inclusivegrowth #climatechange Aimée Christensen
Small businesses make up 90% of businesses, generate over 50% of global GDP and employ 70% of the global workforce. They provide critical products and services and are integral components of the supply chains of major corporations. Small businesses are crucial to efforts to mitigate and be resilient to climate change; we simply won’t reach our climate goals without them. These businesses are also particularly vulnerable to climate impacts, often without the cushion of resources available to larger companies. New research from the Mastercard Center for Inclusive Growth and Christensen Global finds that data, capital and wrap-around support are the solutions that small businesses need most to ensure they’re able to survive and thrive through the climate transition. Given these findings, we welcome others to join us in unlocking the power of small businesses to be the key part of solving climate change, creating new opportunities for job creation, diversification of income sources, and opening new markets. Access the full report in the comments. #SmallBusiness #ClimateSolutions #InclusiveGrowth - In a recent article for Harvard Business Review, Shamina Singh explores how #AI can address pain points that small businesses face daily, including obstacles to sustainable growth. Small businesses represent 90% of businesses globally, so fostering a supportive ecosystem is imperative to create growth and resilience. Through initiatives like our Mastercard Strive program, we’re seeing how AI can empower entrepreneurs with the tools and support they need to thrive. Read on to learn more about how AI is driving innovation and strengthening small businesses around the world: https://lnkd.in/g88cCEd3 #inclusivegrowth #smallbusiness #entrepreneurship
President, Mastercard Center for Inclusive Growth | EVP, Sustainability | Board, Mastercard Social Impact Fund
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Over the last 18 months, we have seen how emergent technologies, such as AI, can transform industries. So far, much of the conversation has focused on big-picture impact, but we’re missing an important part of the story: how can this innovation can help small businesses, which make up 90% of businesses globally? In a recent article with Harvard Business Review, I dive into how #AI can foster growth and inclusion for small businesses. With our Mastercard Strive program, we’ve seen firsthand where AI can make a difference—like improving inventory tracking, making financial forecasting easier and boosting cyber protection. These are real pain points for #entrepreneurs, and AI can provide the support they need to build resilience. Learn more about the tools we’re bringing to small businesses and the partners who are helping bring personalized AI support and networks to entrepreneurs.#FinancialInclusion #smallbusiness #AIforSocialImpact Mastercard Center for Inclusive Growth
Small Businesses and AI: Accelerating Innovation and Inclusion - SPONSOR CONTENT FROM MASTERCARD hbr.org - Small businesses make up 90% of businesses globally. They are the backbone of the global economy, driving innovation, creating jobs, and fueling growth. That is why we launched the Mastercard Strive program, to help these businesses thrive by giving them the tools they need to succeed in the #digitaleconomy. Today, we're proud to announce a major milestone: Mastercard has helped 50 million micro, small, and medium-sized enterprises (MSMEs) get online and access the digital economy since 2020. But we’re just getting started. By enabling digital payments and expanding access to new markets, we’re empowering entrepreneurs worldwide to grow, reach more customers, and unlock new opportunities. Learn more about our Mastercard Strive small business work today: https://lnkd.in/eaax6MX5
Today, we’re celebrating that Mastercard has reached a significant milestone—bringing 50 million micro, small, and medium-sized enterprises (MSMEs) into the digital economy since 2020. By harnessing our technology, network, partnerships and philanthropy, we have surpassed our original goal – but our work isn’t over yet. By enabling digital payments, we’re on an journey to empower businesses worldwide to grow, thrive, and reach new customers. Together, we're making commerce more accessible and inclusive, unlocking new opportunities for every entrepreneur. Because when small business wins, everyone wins. https://lnkd.in/dUg7QWJ #smallbusiness #digitaleconomy #inclusion - At the 2024 Mastercard Impact Data Summit, we united some of the brightest minds in data and technology to explore a transformative future where digital innovation drives positive change for all. One of the standout themes was the idea of designing solutions alongside the people who will use them—ensuring that innovation is not only impactful but truly inclusive. From groundbreaking insights on leveraging #AI for climate resilience to discussions on building inclusive digital economies, our sessions were packed with forward-thinking solutions to today’s most pressing challenges. Catch the highlights from the 2024 Mastercard Impact Data Summit by clicking here: https://lnkd.in/e-p-2ugK #ImpactDataSummit #DataForSocialImpact #AIforSocialImpact
Impact Data Summit 2024 Highlights
https://www.youtube.com/
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52,994 followers
2w Edited
At Mastercard, we’re focused on promoting #financialinclusion, including our commitment to connect one billion people worldwide with the digital economy. In partnership with The Aspen Institute, we’ve pushed for a coordinated approach to tackle the barriers many still face in accessing financial products and services in the U.S. and around the world. With the U.S. Department of the Treasury releasing a National Strategy for Financial Inclusion in the U.S., we see financial inclusion gaining ground — an encouraging development for individuals, families, and economies here and across the globe.
We are excited by the release of the U.S. Department of the Treasury’s first-ever National Strategy for Financial Inclusion! 🙌 🙌 Years in the making, with the input and support of a broad cross-section of leaders, this landmark strategy is an important step in ensuring a robust and inclusive financial system for all people in America. This bold plan will help families and businesses achieve short-term stability and build long-term financial security. As conveners of the Working Group on Inclusive Finance, Aspen FSP is proud to have played a role in bringing this strategy to life. In the words of FSP’s co-executive director Ida Rademacher: “Having the highest level of government launch a strategy this robust–with national objectives, priorities, and action steps laid out–signals its vital importance to American households and increases our momentum toward building a financial system that fosters greater trust and works for everyone.” Working across five key objectives, the strategy will help ensure that every person in America has equitable access to affordable and tailored transaction accounts, safe and affordable credit, savings and investments, government-backed financial services, and protection from illegal and predatory practices. Alongside our partners, we’re eager to get to work to help implement this shared vision and realize the strategy’s full impact for future generations! Read the full strategy report: https://lnkd.in/eMJG5K8S The Aspen Institute Kate Griffin Erin Borġ (Thiemann) - CGAP’s efforts to support financial inclusion emphasizes a strategic approach by focusing on existing research, contextual factors, and defining key impact indicators to drive meaningful change. Watch the video of CGAP's Champions of Financial Inclusion 2.0 initiative, including our very own Shamina Singh to learn more
#InclusiveGrowth
The #FinancialInclusion industry must focus on impact. Champions of Financial Inclusion 2.0 share how CGAP’s global initiative can drive meaningful change by catalyzing the sector's attention toward #impact. Explore the 3 main components of Financial Inclusion 2.0 that help drive an outcome agenda: ➡ Component 1 looks at the existing evidence to understand the pathways of impact and identify knowledge gaps that research still needs to address. ➡ Component 2 focuses on better understanding the contextual factors that can lead to varying impacts from similar financial inclusion interventions. ➡ Component 3 aims to define impact indicators that can serve as a compass for the industry and shape the future focus of financial inclusion on outcomes. Together, these components pave the way for a more impactful financial inclusion agenda. Watch the video to learn more about this initiative! 👇 Many thanks to our Champions Shamina Singh, Michael Schlein, Makhtar Diop, Gaurav Gupta, Smita Aggarwal, Catherine Flockhart, Javier M. Flores Moreno, Nazmeera Moola, Renato Gomes, Indermit Gill, and their representatives: Adel Meer, Arturo Franco, Carlos Eduardo de Almeida, Ali Schmidt-Fellner, Kabir Sethi, Stephanie Garcia Van Gool, Nancy Widjaja, Kathleen Yaworsky, Juliana Hansveden, CFA, Ed Whitten. - Excited to share insights from our session during Financial Inclusion Week (Oct 15-18) as we explored how RISE is enhancing financial health in the garment industry. We discussed the impact of wage digitalization and gender-sensitive training in empowering workers and improving business efficiency. Watch the video to discover how we can create a more inclusive financial future
#FIW24 #FinclusionWeek #financialinclusion Ella Moffat
Payroll to progress: how wage digitalization boosts garment workers' financial health & security
https://www.youtube.com/
- Last month, we gathered data strategists and practitioners for our third annual Impact Data Summit in New York City, and we’re still buzzing from the incredible energy of the day! 🌟 Here are a few key takeaways: 1. Embracing AI for Inclusive Growth: Discussions highlighted how AI can drive equitable solutions, making data accessible to underserved communities. 2. Data as a Catalyst for Change: Speakers emphasized the importance of leveraging data analytics to inform policy decisions and foster community engagement. 3. Collaborative Strategies: The summit showcased the power of partnerships across sectors, demonstrating that collective efforts can amplify impact. You can catch all the insightful sessions and inspiring talks on our YouTube playlist here: https://lnkd.in/exYK64_wLet’s continue the conversation about #InclusiveGrowth and the role of #InclusiveAI in shaping a more equitable future!
2024 Mastercard Impact Data Summit youtube.com