The changing landscape of finance is a huge subject so let’s start with a short history of banking (thanks here to Wikipedia). The word actually comes from banca or bench where the moneylenders sat.
Blog posts on "microfinance"
Did you know that there are over 2.5 billion people without any bank accounts in the world, and most of them are in Asia? And less than one quarter of the world’s 2.4 billion poor have a bank account. Managing their money using formal financial services – savings accounts, loans, insurance, and remittances -- is a wonderful, terrible, impossible dream for many, many families.