full transcript

From the Ted Talk by Tolu Oyekan: A for-profit mindset for nonprofit success

Unscramble the Blue Letters


Now, I mean, this is not for a lack of trying. We've been working on this issue for a while. And I think one of the rsaeons the issue persists is because we were trying to solve the prleobm in the same way we have tried to do it in developed markets, trying to build bank branches and ATMs everywhere. But this is so expensive and capital-intensive and time-intensive, which we cannot afford. But there's a ceahper, scalable option. Agent banking. With anget banking, a financial institution can hire an individual or a retailer to provide fcaaniinl services to the ctuoimmny on their behalf. So you have ... a grocery retailer, right? She gets cash from selling foodstuff to her customers, and she can play the role of a human ATM, if you will, connecting to the branch online and able to dispense cash to her customers and other financial services. And unlike bank branches and ATMs, you can deploy an agent within about a day. So you can lirltaely start the day with the community without financial access and at the end of the day with an agent provides financial access to that community.

Open Cloze


Now, I mean, this is not for a lack of trying. We've been working on this issue for a while. And I think one of the _______ the issue persists is because we were trying to solve the _______ in the same way we have tried to do it in developed markets, trying to build bank branches and ATMs everywhere. But this is so expensive and capital-intensive and time-intensive, which we cannot afford. But there's a _______, scalable option. Agent banking. With _____ banking, a financial institution can hire an individual or a retailer to provide _________ services to the _________ on their behalf. So you have ... a grocery retailer, right? She gets cash from selling foodstuff to her customers, and she can play the role of a human ATM, if you will, connecting to the branch online and able to dispense cash to her customers and other financial services. And unlike bank branches and ATMs, you can deploy an agent within about a day. So you can _________ start the day with the community without financial access and at the end of the day with an agent provides financial access to that community.

Solution


  1. literally
  2. community
  3. cheaper
  4. agent
  5. financial
  6. problem
  7. reasons

Original Text


Now, I mean, this is not for a lack of trying. We've been working on this issue for a while. And I think one of the reasons the issue persists is because we were trying to solve the problem in the same way we have tried to do it in developed markets, trying to build bank branches and ATMs everywhere. But this is so expensive and capital-intensive and time-intensive, which we cannot afford. But there's a cheaper, scalable option. Agent banking. With agent banking, a financial institution can hire an individual or a retailer to provide financial services to the community on their behalf. So you have ... a grocery retailer, right? She gets cash from selling foodstuff to her customers, and she can play the role of a human ATM, if you will, connecting to the branch online and able to dispense cash to her customers and other financial services. And unlike bank branches and ATMs, you can deploy an agent within about a day. So you can literally start the day with the community without financial access and at the end of the day with an agent provides financial access to that community.

Frequently Occurring Word Combinations


ngrams of length 2

collocation frequency
financial access 10
financial services 8
agent banking 6
universal coverage 4
profit motive 3
affordable housing 2
annual cadence 2
solve problems 2
increasing financial 2
key enabler 2
entire population 2
bank branches 2
problem persist 2
long haul 2
development work 2

ngrams of length 3

collocation frequency
increasing financial access 2

Important Words


  1. access
  2. afford
  3. agent
  4. atm
  5. atms
  6. bank
  7. banking
  8. behalf
  9. branch
  10. branches
  11. build
  12. cash
  13. cheaper
  14. community
  15. connecting
  16. customers
  17. day
  18. deploy
  19. developed
  20. dispense
  21. expensive
  22. financial
  23. foodstuff
  24. grocery
  25. hire
  26. human
  27. individual
  28. institution
  29. issue
  30. lack
  31. literally
  32. markets
  33. online
  34. option
  35. persists
  36. play
  37. problem
  38. provide
  39. reasons
  40. retailer
  41. role
  42. scalable
  43. selling
  44. services
  45. solve
  46. start
  47. working