The Role of Savings in Promoting Financial Health
As a global community, we have witnessed the power of financial services in helping people cope with the devastating impact of the COVID-19 pandemic. However, the relationship between access and use of financial services and the financial health of individuals has been less clear. Financial health is an emerging topic of research, advocacy and practice that aims to understand, measure, and ultimately improve the part of well-being that is associated with the financial life of individuals that we serve.
This webinar examines if financial services, especially savings, contribute to the financial health of low-income clients and in what ways. Speakers shared insights from a recent literature review on the role of savings in promoting financial health outcomes and emerging insights from recent experiments on viable solutions for improving the financial health of gig workers in Malaysia. The session also included a facilitated discussion with participants.
About this Webinar
Diana Dezso (Moderator)
Diana Dezso is a financial and economic inclusion specialist with more than 20 years of experience. She specializes in knowledge management, organizational development and learning, capacity assessments, program implementation and evaluation, and new business development. She has worked in senior leadership positions of international organizations in both Washington DC and the field, including the SEEP Network and ACCION USA. Diana has an MPA from New York University. She is fluent in Romanian, proficient in Spanish, and speaks basic French.
Elisabeth Rhyne is an independent consultant working on financial inclusion and financial health. She has been the facilitator for the UNSGSA Financial Health Working Group. Beth was the Managing Director of the Center for Financial Inclusion at Accion from its founding in 2008 until retiring in 2019. Recognized as a leading thinker and writer in the field of microfinance, Beth has published numerous articles and four books on the topic. She holds a master’s and Ph.D. in public policy from Harvard University.
Neha is a Program Specialist with United Nations Capital Development Fund (UNCDF). She leads portfolio strategy and program implementation for the Financial Health Program. Her expertise lies in strategic programmatic interventions to drive inclusion and improve financial health of underserved communities. She engages extensively through field work with low-income groups to understand their financial pain-points along with prevailing social norms. Her sectoral experience spans across financial health and inclusion, gender inclusion and MSMEs and expands across South and Southeast Asia, Africa and North-America. Earlier in her career, Neha worked as a management consultant leading engagement on business strategy, process design and business transformation across industries such as healthcare and financial services.