The US banking industry has a long history of excluding, exploiting, or simply ignoring low-income communities, recent immigrants, and racial minorities. In this paper, I share my experiences creating a community of practice where employees of a rapidly-growing banking startup can identify and confront the ethical challenges facing the financial technology (fintech) industry. This community is informed by insights from four years of activism and anthropological research that I conducted with small teams of service designers and ethnographers developing financial services for and with low- to moderate-income communities around the world. Through this research, I identified three institutional logics—insularity, decontextualization, and technological hubris—which limit efforts to build a more inclusive, equitable banking system. These logics hold the potential to lead well-intentioned organizations, and the practitioners they employ, to harm the marginalized communities they set out to help. This paper concludes...
San Jose State University
This paper shares the experiences of two teams of design professionals working on parallel grassroots social impact design projects to address poverty and financial precarity in Silicon Valley and London. This paper explores challenges facing these teams as they channel a sense of moral outrage into the research and development of alternitives to high-risk financial services like payday loans. It charts the open, inclusive design process of these teams as they engage community partners and recognize the financial expertise of people getting by on tight incomes. The paper concludes with a discussion of how working slowly and openly through transdisciplinary communities of practice—like the two groups described here, or EPIC itself—can help keep alive conversations around power and activism in the practice of design and ethnographic research. These conversations are essential if social impact design is to reach its transformative potential while avoiding many of the pitfalls that have...