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Four Ways Big Data Can Improve Financial Lives: CFSI previews its upcoming report on harnessing data technology for the underserved market
Big Data is a buzzword, but it’s also a very real phenomenon: analysts estimate that annual data production will increase by a whopping 4300% between 2009 and 2020. In advance of a new report on the subject, the Center for Financial Services Innovation discusses four key trends driving Big Data innovation that can unlock value for both financial providers and consumers.
- Categories
- Education
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Yunus Sees Room for Microcredit in China
Microcredit has been met with immense enthusiasm in China in recent years, with both banks and business moguls pushing into the sector. Global Times (GT) reporters Gu Di and Liu Zhun talked to Muhammad Yunus (Yunus), a Bangladeshi social entrepreneur, economist, and microcredit icon. For founding Grameen Bank, a bank that makes small loans to the impoverished, he was awarded with the Nobel Peace Prize in 2006. Yunus shared his understanding with GT of why microcredit is flourishing in China and how China's "One Belt and One Road" project could influence the field.
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- Uncategorized
- Region
- South Asia
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MasterCard, Grooming Centre Boost Financial Inclusion for MSMEs in Nigeria
Over 500,000 female entrepreneurs in Nigeria are to be introduced to electronic payments under a new partnership agreed between MasterCard and local microfinance institution Grooming Centre.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Financial Inclusion: Equity Bank, Master Card Launch New Prepaid Card in Kenya
In a manner of speaking, Africa can mentor the rest of the world on mobile money based on the number of such solutions that have been successfully planted on the continent in the past half-decade. In a very recent development, Equity Bank Kenya has, in conjunction with MasterCard, launched a prepaid card with the central aim of deepening the cash lite economy in the east African country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Don’t Cover Everything: Why targeted health microinsurance can work better than full coverage
EA Consultants’ efforts to understand both the business case and client value of microinsurance led to some interesting findings. For instance, catastrophic health insurance represented much greater value than primary or outpatient care for clients, but its behavioral effects skewed against good health outcomes. Barbara Magnoni discusses these findings, and offers some solutions.
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- Education, Health Care
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Kompanion Financial Group Completes Equity Raise with Investment from FMO and Triodos Investment Management
Kompanion Financial Group, one of the largest microfinance institutions in the Kyrgyz Republic both by loan portfolio and number of clients, has concluded an equity raise selling a 35% stake to international investors. The shares were purchased by Netherlands based investors FMO and Triodos Investment Management, with the latter investing through Triodos Fair Share Fund and Triodos Microfinance Fund. Kompanion’s founder Mercy Corps will remain majority shareholder and hold a 65% stake. The funds will be used for growth capital in the lending operations and support Kompanion’s transformation to a licensed banking institution.
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- Uncategorized
- Region
- Europe & Eurasia
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Banking Africa’s Unbanked Population is Not the Solution to Improved Inclusion
Banking Africa’s unbanked population–adults who don’t use formal banks or semi-formal microfinance institutions to save or borrow money–may not be the solution to providing wider access to financial products and services.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Nigeria’s Next Challenge: Bank Us Please
Like any other country, Nigeria has its problems. However, Nigeria perched now as Africa’s “Golden Child” with a GDP of $510 billion, ballooning past South Africa who has numerous economic challenges ahead.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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