Posts by Stephen Deng
Most Influential Post Nominee: A Week at the Cutting Edge: Eight Insights into Emerging Market Fintech
This post by Jake Kendall and Stephen Deng, about innovators prototyping and testing new fintech ideas at the first DFS Lab Fintech Bootcamp in Dar es Salaam, was December's most popular. It's now in the running for Most Influential Post of 2016. Today's the last day to vote for it – or any of the other 11 entrants. The winner will be announced Wednesday.
In the first post in this series, we proposed that donors and governments advance digital and financial inclusion by focusing more on creating public goods that enable the broader ecosystem, rather than on peripheral innovation in service delivery. In this second post, we discuss the implications of this shift and highlight some new efforts to move the fields in the right direction.
Donor investments to leverage technology have largely failed to achieve their imagined potential, often producing sub-scale pilot projects which do not solve a real problem. Instead, donors should focus on building a “digital poverty stack,” a set of interoperable and reusable digital tools that can be built into a large number of applications.