Publications

Accelerating Financial Inclusion with New Data

25 May 2018
  • Dennis Ferenzy
  • Ethan Loufield
  • Tess Johnson

This report—produced in partnership with the Center for Financial Inclusion at Accion and based on in-depth interviews with banks, fintechs, and other actors—examines how new types of data and new data tools present an unprecedented opportunity for financial service providers to better understand and serve clients, especially credit-seeking “thin-file” clients who are otherwise excluded from the formal financial sector. There are many internal and external challenges that providers must address […]

Downloads

Modelo Peru: A Mobile Money Platform Offering Interoperability Towards Financial Inclusion

25 May 2018
  • Paola Elvira Del Carpio Ponce

everal emerging markets around the world face numerous challenges in their attempts at increasing their provision of financial services. Beginning in 2015, Peru implemented a strategy called Modelo Peru with the objective of launching a mobile money platform to reach and better serve the unbanked and underbanked. This strategy gathers financial institutions, telecom companies, and the government in an effort to achieve interoperability among these three groups and attain scale […]

Downloads

Digital Access: The Future of Financial Inclusion in Africa

23 May 2018

The launch and growth of digital financial services in Africa has led to an unprecedented increase in the number of people enjoying access to formal financial services. The continent is now home to more digital financial services deployments than any other region in the world, with almost half of the nearly 700 million individual users worldwide. Mobile money solutions and agent banking now offer affordable, instant, and reliable transactions, savings, […]

Downloads

Asia’s digital banking race: Giving customers what they want

23 May 2018
  • Sonia Barquin
  • Vinayak HV
  • Duhita Shrikhande

Asia’s banking customers are migrating to digital channels in force. The challenge for the region’s banks is to deliver superior digital experiences before competitors do. Smartphones in hand, customers across Asia are changing how they bank, growing more open to exploring and using digital channels for their financial needs. This openness to digital channels will reward those banks that can meet customers’ expectations; but it also represents a challenge to […]

Downloads

Biometrics and financial inclusion: A roadmap for implementing biometric identity systems in sub-Saharan Africa

22 May 2018
  • Barry Cooper
  • Masiiwa Rusare
  • Albert van der Linden
  • Matthew Ferreira

The World Bank (2017) estimates that 1.1 billion people live without proof of identity. Nearly 50% of these people live in sub-Saharan Africa, where 454 million individuals are excluded from formal identify systems. In Nigeria, 78% of the population or 149 million individuals cannot prove their identity. Lack of identity documentation varies in its severity as a barrier to exclusion depending on the country, but overall indicates a significant problem […]

Downloads

ePRIVACY AND DATA PROTECTION – Privacy Matters: Navigating the New World of Data Protection

21 May 2018
  • Catherine T O’Neill
  • Thomas A Singlehurst, CFA
  • Dan F Homan
  • Georgios Ierodiaconou
  • Mark May

“We’ve lost control of our personal data”, Sir Tim Berners-Lee, inventor of the World Wide Web, said in March 2017. The widespread collection of data has led to the rise of data asymmetry and, consequently, consumer trust is low. Some would argue that it has led to the prioritization of profit over privacy. Consumers believe cybersecurity and privacy risks are amongst the biggest risks facing society.[1] The ramifications should not […]

Downloads