Session: Financial Capability and Indigenous Australia / Indigenous Research Methodologies Panel

Global Indigeneity and Reconciliation Stream

 

Day 1, Parallel Session 1B: 1:30pm – 3:00pm

Location: Storey Hall (Building 16), Seminar Room 1, Level 7, Room 1

Chair: Professor Paul James (RMIT University)

 

Vinita Godinho Financial Capability and Indigenous Australia: A Sustainable Model for Two-way Learning

  • Presenter and main author: Vinita Godinho (RMIT University)
  • Abstract: The global financial crisis has served to highlight the importance of enhancing the financial capability of individuals. In Australia, Indigenous people are amongst the most ‘financially excluded’ groups, with least access to banking products and services, lowest level of financial capability and the highest probability of experiencing financial difficulty. Financial exclusion compounds the existing socio-economic disadvantage they already face in their daily lives, and can be experienced by individuals, households, small businesses and even communities as a whole, particularly those in remote and rural Australia. Social policy stakeholders including government and industry, are collaborating on efforts to enhance Indigenous financial capability and inclusion, but there is little research on what these concepts mean to Indigenous people themselves. Policy and action should acknowledge the Indigenous ‘world-view’ of money and finances, and engage in genuine two-way learning. We review a globally-accepted framework for understanding financial capability, and extend this to recognise the impact of Indigenous culture, thereby contributing to respectful and sustainable reconciliation efforts.
  • Co-author: Professor Roslyn Russell (RMIT University)
  • About the presenter: Vinita Godinho is a PhD candidate at RMIT University, Australia. After 20+ years banking experience with ANZ (India and Australia), she is now researching the ‘Understanding of money in Indigenous Australia, and implications for Financial Inclusion’, alongside managing the project ‘Mobile Money in Indigenous Australia’ for the Smart Services Cooperative Research Centre (CRC). Vinita has an MBA from the Indian Institute of Management (1989) Kolkata India, and is on the Board of leading not for profits promoting economic inclusion.
Paul JamesProfessor Paul JamesSupriya SinghProfessor Supriya Singh

Lisa French

Associate Professor Lisa French

Vinita Godinho

Vinita Godinho

Indigenous Research Methodologies Panel

  • PANELLISTS:
  • Professor Paul James (RMIT University)
    • Paul James is Director of the UN Global Compact Cities Programme. Paul is also Director of the RMIT Global Cities Institute, his academic expertise is in Globalisation and Cultural Diversity and he is the author or editor of 24 books. Paul has been invited to deliver addresses in over twenty countries including Bosnia-Herzegovina, Cuba, Finland, France, Germany, Greece, Israel-Palestine, Japan, Malaysia, Papua New Guinea, Portugal, Taiwan and the United States. He has been an advisor to a number of agencies and governments including the Helsinki Process, the Canadian Prime Minister G20 Forum (2004), the National Economic Advisory Council of Malaysia, and the Commission on Reception, Truth and Reconciliation in East Timor and the Papua New Guinea Minister for Community Development. Paul’s awards include the Japan-Australia Foundation Fellowship, an Australian Research Council Fellowship, and the Crisp Medal by the Australasian Political Studies Association for the best book in the field of political studies.
  • Professor Supriya Singh (RMIT University)
    • Supriya Singh (BA (Hons English Literature), MA (Political Science) MA (Sociology), PhD (Sociology and Anthropology)) jointly leads RMIT Business’ participation in the Smart Services Cooperative Research Centre. Supriya also leads the Community Sustainability Program in the Global Cities Institute, RMIT University. She jointly heads the Asia @ RMIT initiative in the College of Business, RMIT University. She supervises PhD students researching the use of information and communication technologies and the sociology of money. Supriya’s research has focused on the sociology of money and banking, the sociology of migration and remittances, user centred design of information and communication technologies, cross cultural design, and methodological issues relating to qualitative research.
  • Associate Professor Lisa French (RMIT University)
    • Lisa French (PhD (RMIT), MA (La Trobe), GradDip (Victoria College), BEd (Victoria College) is a senior member of academic staff in the School of Media and Communication, and Head of Cinema Studies at RMIT. She teaches into undergraduate and postgraduate Cinema Studies, Media, and Communication courses (both on and off shore). Lisa makes a contribution to the leadership of RMIT through service on the RMIT University Academic Board, RMIT University Research Committee, the School of Media & Communications Research Committee and has served on the School of Media & Communications Teaching and Learning Committee, and Research and Innovation Committee and both the Student Progress Committee (SSCC) and Student, Staff Consultative Committee (Media). 
  • Vinita Godinho (RMIT University)
    • Vinita Godinho is a PhD candidate at RMIT University, Australia. After 20+ years banking experience with ANZ (India and Australia), she is now researching the ‘Understanding of money in Indigenous Australia, and implications for Financial Inclusion’, alongside managing the project ‘Mobile Money in Indigenous Australia’ for the Smart Services Cooperative Research Centre (CRC). Vinita has an MBA from the Indian Institute of Management (1989) Kolkata India, and is on the Board of leading not for profits promoting economic inclusion.