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New Era, New Data: Why ‘Financial Inclusion 2.0’ Will Require a Different Approach to Measurement
Financial inclusion is entering a new era, says Grant Robertson at FinMark Trust. The movement’s first era focused largely on boosting financial access – but its impact on poverty and wellbeing was limited. The new era – "financial inclusion 2.0" – will focus more on expanding real economic opportunity. But to support this goal, the sector will need a new approach to data.
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- Finance, Impact Assessment
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Employment, Entrepreneurship and Data: Announcing NextBillion’s 2020 Special Series
NextBillion is pleased to announce the topics of our 2020 special series. These three year-long series will cover innovations and challenges in employment, the "untold stories" of social entrepreneurs, and the risks and opportunities of Big Data. Each will be managed by a different member of our editorial team. Check out the descriptions here, and email the appropriate editor if you’d like to discuss a potential guest article. We’re looking forward to following the discussion!
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- Entrepreneurship, NextBillion Originals, Technology
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Machine Learning in PAYGo: What You Need to Know Before You Jump In
Machine learning is an exciting technology with plenty of potential applications in social impact business. But as Jacob Winiecki at BFA points out, the hype around the approach may make it tempting to jump in without first determining if it's the right tool for the job. He offers a clear run-down of how machine learning actually works in practice, along with three concrete steps for how a PAYGo enterprise can implement the technology, based on the work BFA’s FIBR Project has done with ZOLA, a leading PAYGo solar operator in Africa.
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- Energy, Finance, Technology
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Inclusive Innovation: How Two Mobile Technology Startups are Changing the Game in Microfinance
Securing a bank loan is an onerous task for anyone. But for the 2.5 billion unbanked people worldwide, the obstacles can seem insurmountable. And microfinance and village savings groups both have significant limitations, particularly for people without a credit history. June Sugiyama of Vodafone Americas Foundation explains how two winners of the foundation's annual Wireless Innovation Project competition are overcoming these limitations through mobile technology.
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- Entrepreneurship, Finance, Technology
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The Superplatforms are Coming … And They Will Transform Financial Inclusion
With their big brands, big budgets and big data, superplatforms like Google, Amazon, Facebook and Alibaba already know more about most banks’ customers than the banks themselves. As these internet giants make increasing inroads into financial services, what are the implications for low-income customers – and their existing providers? David Porteous of BFA and Olga Morawcynski of MasterCard Foundation explore how these platforms are reshaping the face of financial inclusion around the world.
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- Finance, Technology
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From Paper to Digital: A Guide to Transitioning to Mobile Data Collection
Frontline workers play a critical role in gathering information from – and delivering services to – rural communities. For years, these workers used paper forms and guides, leading to delays, problems with accuracy, and trouble measuring program effectiveness. Mobile data collection tools can help address these challenges, but transitioning to a digital system is not as easy as simply digitizing paper forms. Sam Farnham at Dimagi shares insights and a free guide that can clarify the process.
- Categories
- Technology
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In a World of 5 Billion Mobile Phone Users, ID Policy Needs to Catch Up – Fast
With a global subscriber base of over 5 billion, the mobile ecosystem has created a digital platform that is increasingly connecting everyone and everything. Yet millions risk exclusion from this network – and the social, digital and financial exclusion this implies – due to lack of proof-of-identity. A new GSMA report offers a global perspective of the trends and linkages between access to mobile and access to official identification - and explores solutions for reducing the "identity gap."
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- Finance, Technology
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Deciphering the Data Deluge: Making Data More Useful for Financial Inclusion
Data can have a transformative impact on financial inclusion efforts. But it will reach its full potential only if industry stakeholders can truly understand and utilize it for the benefit of customers. In this Q&A, Camilla Nestor, CEO of MIX, discusses how MIX's FINClusion Lab is making data available to financial services providers, regulators, policymakers and others in a format they can actually use.
- Categories
- Finance, Technology
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