KEY QUESTION: If you had a seat in Migrante’s board, would you vote in favor of keeping focused on credit products or in offering more products? If you vote on offering more products, would you recommend offering all the financial products immigrants might need or only those that other banks did not offer to this segment? Why?
Address the following questions:
(1) Explain why FinTech companies can serve low-income and informal segments more efficiently than traditional banks? How do Fin Techs create value for them in terms of product innovation, customer acquisition cost, and brand loyalty?
(2) How does Migrante use technology to more closely connect with its clients and create a community with them?
(3) What is a neobank? What is open banking? How can a neobank offer a broad menu of financial products to its clients without having to actually develop the product itself?
No more than 1500 words not including Exhibits. Exhibits- As much space as you need/ see fit. Make sure that you present clear arguments (and Exhibits of your own creation) in support of your conclusions/recommendations. Label yours with letters (e.g., Exhibit A…) while those in the case with numbers (e.g., Exhibit 1…). Exhibits supporting your arguments must be referred to in the main text, where appropriate.
DO NOT USE ANY OUTSIDE SOURCES !!!! ONLY THE SOURCE I GAVE YOU BUT NOTHING ELSE
USE SOME EXHIBITS YOU MAKE UP YOURSELF TO PROVE YOUR POINT
IT SHOULD BE CLEAR AND WRITTEN AS A COLLEGE LEVEL STUDENT – NOT TOO WELL WRITTEN