Leapfrogging Microfinance Institutions into the Digital Age
With the entry of new financial services actors relying on alternative credit scoring, artificial intelligence, machine learning, and other cutting-edge technologies, how can Microfinance Institutions stay relevant and reap the benefits of technology in a digital age?
The opportunities with fintech approaches are bountiful – improve lending decisions, reduce operational risks, increase efficiency, reach new clients, enhance customer relations. Yet, going digital is extremely complex and the challenges can be dreadful.
Microfinance institutions know their customers, often among the lowest-income segments, very well and have forged relationships over years of dedicated hard work. Yet little of this precious data and information is digitized to embrace fintech opportunities.
Join us for a webinar sharing the experience of financial service providers in Bangladesh, Vietnam, Colombia and Mexico, partners of the OPTIX project, in weighing the cost and benefits of digital solutions and experimenting innovative approaches for their businesses and their clients.
Dr. Ashirul Amin, Data Analytics and Fintech expert at BFA interviewed by Maelis Carraro, Program Manager of OPTIX, will discuss the opportunities and obstacles for these financial institutions and how data-driven approaches can help them rethink their business models.
Date: Wednesday, May 23, 2018