Two agriculture FinTechs integrated satellite imagery into their business models and product offerings, illustrating the promise and limitations of big data in financial services.
This guest blog was jointly authored by Marissa Dean (FiDA) and Jake Kendall. Jake Kendall is the Director of the Digital Financial Services Lab (DFS Lab), an early-stage accelerator delivering innovative fintech solutions to the developing world.
Every minute of every day millions of users in Africa create digital data. This new data is creating opportunities for alternative “big data” to catalyze an expansion of financial services to low-income and hard to reach populations. FiDA’s Snapshot 9, “Best Practices in Big Data Analytics” and FiDA’s Focus Note, “Can Big Data Shape Financial
We share how FinTechs, telcos, and banks in East Africa are leveraging their extensive datasets and what the marketplace for this information looks like.
This “deep dive” provides details about leading organizations in the digital finance space with a focus on how they use data and analytics in their businesses.
Snapshot 9: “Best Practices in Big Data Analytics” is one of 16 learning themes designed to address a range of topics within the digital finance space. The FiDA Partnership synthesizes, and disseminates the digital finance community’s knowledge of each of these learning themes as “Snapshots” that cover client, institution, ecosystem, and impact level topics. The
We explore the importance of meaningful financial inclusion—access and effective use—how technology has disrupted the financial services sector, and the potential for open APIs to advance inclusion.
Today we are pleased to make the inaugural version of the Learning Advances in Digital Finance report available on the website. This document focuses on a series of “learning advances” identified during the first year of the Mastercard Foundation Partnership for Finance in a Digital Africa. Read now Learning Advances in Digital Finance 2017 The