research themes | Innovation

The innovation cluster will shape a future for FMT that is flexible, data driven, and perceived by stakeholders as being at the leading edge of research and insight for financial inclusion. In 2018 the innovation cluster is focusing on new faster and cheaper forms of data collection, and the use of multiple data sources to build holistic, data-driven solutions and insights for financial inclusion.

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Openi2i has launched

We at FinMark Trust, together with Cenfri, have been working on a new initiative – Openi2i – to share some of the programmatic learnings we’ve discovered from the last 5 years of jointly implementing the insight2impact (i2i) programme. We have partnered with NextBillion to host Openi2i and you can read the latest article by Dumisani […]

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Data ecosystem for financial inclusion 2.0 and the real econ...

Often policy makers, regulators and financial service providers are far removed from the realities of the people whose lives we are trying to improve. Data is one of the ways in which we are able to connect financially excluded people to the formal financial sector and thereby improve desirable societal outcomes such as poverty reduction and equality. […]

Analytics
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In conversation with Ahmed Cassim

My name is Robert Jones, a Research and Innovation Consultant at FinMark Trust. This week I was afforded the opportunity to sit down with Mr. Ahmed Cassim, Managing Director at Hello Group, to discuss their highly successful cross-border remittances service ‘hellopaisa’. “hellopaisa international money transfer service allows you to send cash to countries across the […]

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Lower documentation requirements; driving greater financial ...

While financial inclusion has risen to 68% globally, Sub Saharan Africa continues to lag with only 32% of its citizens having an account at a financial institution. This translates to over 400 million Africans who are not making use of formal banking and other financial services. One of the greatest impediments to account ownership is […]

Deepening Financial Inclusion
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DataHack4FI launches in 7 countries

The Data Hack for Financial Inclusion (DataHack4FI), the largest Pan-African innovation competition, is an initiative within the i2i (insight2impact) program jointly hosted by FinMark Trust and Cenfri. DataHack4FI encourages collaboration and skills development to promote the use of data and data analytics to solve financial and economic inclusion challenges, thereby extending valuable financial services to […]

insight2impact
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Hackathon: Innovations for Mobile Financial Services (OneMon...

The OneMoney Hackathon was held at the TelOne Centre for Learning from the 13th -15th July 2018, a product of the partnership between FinMark Trust, NetOne, TelOne, Elevate Trust and ZimHack. The competition aimed to promote product innovations for inclusive financial services within the mobile financial services sector, with a particular focus on poor and […]

SADC FI
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Hackathon: 2018 Lesotho SIMM Hackathon Report

Access to formal and semi-formal financial services is limited in Lesotho, especially for low-income and rural populations. The majority of Basotho are excluded from the formal credit system, while restricted accessibility and high pricing of banking products further limits uptake. The Lesotho Government has identified a lack of access to financial services as a major […]

SADC FI
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Jump-starting mobile money innovation for the advancement of...

A financially inclusive system serves every individual’s needs by empowering them to manage liquidity, achieve goals and face shocks, ultimately contributing to an improved quality of life. The use of formal financial services is limited in Lesotho, particularly for low-income and rural populations (69% of Basotho adults are estimated to live in rural areas [1]). […]