115, (July 2015): 16–31, https://www.sciencedirect.com/science/article/pii/S0304387815000061 4 World Bank Group, The Global Findex Database 2017, (2017): xi, https://globalfindex.worldbank.org/. The Findex Database is widely considered the authoritative database for measuring progress and need for financial inclusion from an international perspective. 5 Federal Deposit Insurance Corporation, 2015 FDIC National Survey of Unbanked and Underbanked Households (October 20, 2016), https://www.fdic.gov/householdsurvey/2015/2015report.pdf.
-3however, lower-income and minority households have substantially higher rates of being unbanked. The widespread adoption of mobile phones and the data they generate are expected to extend these gains even further.