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.
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. […]