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Outliers: GIS data and improved investment planning for FSPs

More and more financial service providers (FSPs) are looking to data to inform investment decisions, such as "Where should we roll out financial service points?"   Increasingly Geospatial (GIS) data is being included amongst the datasets FSPs are using when making decisions to improve the effectiveness of their investments. GIS data allows FSPs to contextualise existing information and ask better questions that can inform their business decisions.   An important example of this includes the role of GIS to identify and locate outliers. These outliers have the potential to unlock critical insights that speak to why certain investments work better…

Banks need a paradigm shift to make headway in developing countries

In 1778 the first modern-day savings bank in Germany was founded in Hamburg. The bank was set up to develop solutions for people with low incomes to save small sums of money and support business startups. Fast forward two centuries and there are now 431 savings banks in Germany with 15,600 branches and total assets of €1tn. Each savings bank is independent, locally managed and concentrates its business activities on customers in the region in which it is situated.   Financial services provided, operated and governed at the local level is not a new phenomenon. For centuries communities have pooled…

Designing mobile microinsurance products: Premium payment methods

Increasingly, the mobile phone is being used throughout the microinsurance value chain to enable access to insurance for millions of people who otherwise would have no cover. CGAP's recent brief notes that mobile microinsurance products are not only growing in number with 15 new products launched in the first eight months of 2013, but they're reaching people in many of the world's poorest countries in Sub-Saharan Africa and South Asia.   Premium collection has always been a challenge in the microinsurance industry. Customers in the target market have low incomes, irregular and unpredictable cash flows, and are often widely spread…

Facilitating market development to advance financial inclusion

CGAP’s focus note, Facilitating Market Development to Advance Financial Inclusion, presents FinMark Trust as a “facilitator” for financial market development in South Africa. A facilitator is an informed, trusted, independent and locally based interlocutor responsible for making sure that the needs of all parties in the financial system are met.   What exactly do we mean by this and how is it translated on the ground?   FinMark Trust entered South Africa in 2002 (with core funding from DFID) when the financial sector, government, Labour Council and community were negotiating the objectives and targets that would form the Financial Sector Charter. The Charter…
 

Blog

Outliers: GIS data and improved investment planning for FSPs

More and more financial service providers (FSPs) are looking to data to inform investment decisions, such as "Where should we roll out financial service points?"   Increasingly Geospatial (GIS) data is being included amongst the datasets FSPs are using when making decisions to improve the effectiveness of their investments. GIS data allows FSPs to contextualise existing information and ask better questions that can inform their business decisions.   An important example of this includes the role of GIS to identify and locate outliers. These outliers have the potential to unlock critical insights that speak to why certain investments work better…

Banks need a paradigm shift to make headway in developing countries

In 1778 the first modern-day savings bank in Germany was founded in Hamburg. The bank was set up to develop solutions for people with low incomes to save small sums of money and support business startups. Fast forward two centuries and there are now 431 savings banks in Germany with 15,600 branches and total assets of €1tn. Each savings bank is independent, locally managed and concentrates its business activities on customers in the region in which it is situated.   Financial services provided, operated and governed at the local level is not a new phenomenon. For centuries communities have pooled…

Designing mobile microinsurance products: Premium payment methods

Increasingly, the mobile phone is being used throughout the microinsurance value chain to enable access to insurance for millions of people who otherwise would have no cover. CGAP's recent brief notes that mobile microinsurance products are not only growing in number with 15 new products launched in the first eight months of 2013, but they're reaching people in many of the world's poorest countries in Sub-Saharan Africa and South Asia.   Premium collection has always been a challenge in the microinsurance industry. Customers in the target market have low incomes, irregular and unpredictable cash flows, and are often widely spread…

Facilitating market development to advance financial inclusion

CGAP’s focus note, Facilitating Market Development to Advance Financial Inclusion, presents FinMark Trust as a “facilitator” for financial market development in South Africa. A facilitator is an informed, trusted, independent and locally based interlocutor responsible for making sure that the needs of all parties in the financial system are met.   What exactly do we mean by this and how is it translated on the ground?   FinMark Trust entered South Africa in 2002 (with core funding from DFID) when the financial sector, government, Labour Council and community were negotiating the objectives and targets that would form the Financial Sector Charter. The Charter…
 

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