Center for Financial Inclusion (CFI)

Access to reliable and comprehensive #consumerdata is fundamental to achieving #financialinclusion, but data scarcity and inadequacy limit the ability of #FSPs to evaluate risk accurately and offer appropriate financial solutions. Fintechs in #Egypt have played an important role in building #datatrails for marginalized consumers, supported by a substantial influx of venture capital investment. Our latest report, developed in partnership with FMO - Dutch entrepreneurial development bank, explores the strategies that Egyptian #fintechs are using as they aim to address the scarcity and dormancy of data trails needed to expand access to marginalized populations and identifies a series of recommendations for key stakeholders to develop a more effective #data ecosystem. https://lnkd.in/echFCeqS

Opportunity EduFinance proudly joined the panel 'Resilience of the Social Fabric: Strengthening Education in Africa' during Center for Financial Inclusion (CFI) Financial Inclusion Week #FIW24. 🎓✨ This engaging discussion, featuring leaders Mauricio Rincon (Opportunity International), Janet Kuteli (Fortune Credit & Insurance Services Inc.), Ufuoma Eghwerehe (Oikocredit International), and Mathieu Fourn (Opportunity EduFinance), dives into how effective partnerships can scale financial inclusion for affordable non-state schools. Watch the full conversation and gain key insights into building stronger educational systems. Watch now in the Financial Inclusion Week on-demand library: https://ow.ly/68ev50TZs7b #FinancialInclusionForum #EduFinance

Opportunity International’s commitment to financial inclusion empowers communities to build sustainable livelihoods and ensure their children can attend school. At the Center for Financial Inclusion (CFI)'s 10th annual #FinancialInclusionWeek, Opportunity shared some of our latest innovations in the field. Learn more about our cutting-edge interventions in education, health, and generative AI from our panel discussions at this year's #FIW2024 in the blog below. https://lnkd.in/grAhcsEU

CFI's Anindita Chakraborty joined Consumers International for their panel on "Voice of Vulnerable Consumers in the Modern Economy," speaking to the social barriers that #women face in accessing #financialservices.

And thank you for the opportunity to be part of such an inspiring program Agnes Ogallo! It’s been incredible journey for Doodle Design in co-creating the #BrightFutures program with you & IDEO.org to drive real impact in #financialinclusion and #genderequality in #Vietnam so far. Looking forward to seeing the positive changes this program is still to bring! :-) Download the Bright Futures White Paper here: 👇 https://lnkd.in/gHbxtS8U The 'Bright Futures White Paper' was co-created with Doodle Design, IDEO.org, funded by Primark and Standard Chartered .  The program is empowering Vietnamese disadvantaged groups (particularly female factory workers) to gain financial literacy & confidence for their future, using a Design Thinking, Human Centered approach. The project is up & running for 8 months, resulting in a global award for runner-up, Best Adult Financial Education (Non-Profit) Award at The Money Awareness and Inclusion Awards and thousands of garment workers receiving the education program training and resources :-) Nhu Vo #designthinking #vietnam #socialimpact #financialinclusion

This article by the Center for Financial Inclusion (CFI) reveals how #DigitalPublicInfrastructure is reshaping the way financial services are designed and delivered, yet there is no universal definition for it. The article emphasises the three core layers for its success: digital ID, digital payments, and consent-based data exchange, adding that these foundational components are the backbone for creating inclusive and sustainable financial ecosystems. It explores how to enhance financial inclusion, highlighting the significance of participant-centric research and design on how countries like Singapore, India, and Brazil have implemented scalable DPI models. Read it here 👇 https://lnkd.in/eQnrEXfy #DigitalPublicInfrastructure #InclusiveFinance #FinancialInclusion #DigitalTransformation #DPI #DataExchange

Extremely excited to share our latest publication exploring the transformative impact of digital data trails on #FinancialInclusion in #Egypt! I am grateful to have partnered with the Center for Financial Inclusion (CFI) and FMO - Dutch entrepreneurial development bank to bring this piece to life. Data scarcity continues to be a significant barrier, particularly for marginalized communities, as it restricts financial service providers from accurately assessing risk and tailoring solutions. We highlight how Egypt’s dynamic #fintech environment is addressing these challenges, leveraging innovative strategies to build comprehensive #consumerdata trails and expand financial access. A huge shoutout to the incredible team who dedicated almost a year to this project: Colin Rice, Alexandra Rizzi, Ayman Ismail, and Edoardo Totolo. A special thanks goes to all the CEOs and stakeholders of Egyptian financial startups and institutions who generously shared their insights to shape this research. Finally, my deep appreciation goes to Ahmed Abaza and Ismail M. Sarhank for always having my back whenever I turn to them for help, to Mostafa Zidane, whose thorough note-taking and write-ups were invaluable documentation for all interviews that were held and to Heba Sakr for the hours of brainstorming and consultation sessions. I hope these findings contribute meaningfully to a more inclusive financial future in Egypt and beyond.

So excited to share this report that examines the different strategies being used by Egyptian fintechs as they seek to address the scarcity and dormancy of data trails from marginalized groups that can enable expanded access to financial services. We discuss the benefits and concerns of each strategy, identify key barriers and challenges in the ecosystem, and provider recommendations on how different stakeholders can play a role in developing a more effective and inclusive data economy. And a big shoutout and thanks to Edoardo Totolo, Dr. Nouri Sakr, Ayman Ismail, and Alexandra Rizzi for all of their assistance and input! Center for Financial Inclusion (CFI), FMO - Dutch entrepreneurial development bank

📊 1.4 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐚𝐝𝐮𝐥𝐭𝐬 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞 𝐫𝐞𝐦𝐚𝐢𝐧 𝐮𝐧𝐛𝐚𝐧𝐤𝐞𝐝, with many facing intersecting challenges like gender, disability, and access to digital financial services (Source: The World Bank) This month, we hosted a powerful 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐒𝐞𝐫𝐢𝐞𝐬 on 𝒆𝒍𝒆𝒗𝒂𝒕𝒊𝒏𝒈 𝒕𝒉𝒆 𝒗𝒐𝒊𝒄𝒆 𝒐𝒇 𝒗𝒖𝒍𝒏𝒆𝒓𝒂𝒃𝒍𝒆 𝒄𝒐𝒏𝒔𝒖𝒎𝒆𝒓𝒔 in the marketplace – focusing on strategies for advancing financial inclusion and well-being for all. Why does this matter? #Financialinclusion is about more than access—it’s about empowering individuals and communities to build resilience, strengthen financial health, and improve quality of life. By understanding the unique challenges vulnerable groups face, we can create solutions that lead to meaningful, sustainable outcomes. Here’s what our panellists had to say – thank you for your valuable insights!

CFI is #nowhiring! Are you a seasoned #communications professional with excellent writing skills, strong editorial judgment, and experience managing a publication pipeline? We are hiring a Senior Communications Director to join our team! Learn more and apply to the role today: bit.ly/CFIrecruiting #jobopening #financialinclusion