This article provides an overview of the current development of branchless banking in Colombia, within the context ofthe Government’s strategy to promote access to financial services through non-bank correspondents (NBC). It describes the Colombian legal and regulatory framework for branchless banking, focusing on the recent reforms and types of retailers permitted to serve as agents. Also, it examines the traditionalbanking sector’s interest in branchless banking, and shows the available platforms for the implementation of banking agent networks. It highlights the potential of branchlessbanking solutions for the Colombian microfinance institutions (MFI), identifying a new agent model that puts MFI centre-stage. The article concludes with a series of recommendationsfor the development of branchless banking as a tool to expand financial acces, taking into account issues that still have the potential to affect the degree of customeracceptance and its economic viability.
A Novel Multi-Agent Model for Robustness with Component Failure and Malware Propagation in Wireless Sensor Networks
