Now reading: Inclusive: Identification that removes barriers to financial inclusion

Digital Transformation & Data

Cenfri contributes to building the fundamentals of welfare-enhancing digital economies. We prioritise digital transformation that is inclusive, sustainable, opportunity-creating and has appropriate safeguards. Digital transformation underpins much of our work and ranges from payments digitalisation to digital economy diagnostics, and digital skills assessments to direct digitalisation support.

Cenfri also collaborates with policymakers and other public and private sector stakeholders in data-driven decision-making that is calibrated to the data available and is designed to strengthen the existing skills and data governance processes within these organisations. The Rwanda Economy Digitalisation Programme is our flagship evidence-informed policymaking and data-for-decisions intervention, but we have considerable experience in using evidence to generate insights and inform policymaking and business decision-making with a view to improved economic development outcomes. Our expertise in data, payments and digital identity enables us to contribute to current DPI (digital public infrastructure) conversations.
Digital Transformation & Data

Inclusive: Identification that removes barriers to financial inclusion

DataHack4FI in-country winners from Ghana offer a multiple-database-verification API solution to identity verification. A lack of verifiable identification presents a significant barrier to individuals’ access to financial services. According to Findex 2017, 20% of financially excluded individuals mention a lack of identification as the main reason. In sub-Saharan Africa specifically,

Read More »
26 July, 2018
Data enthusiast to data expert: resources for aspiring data scientists
Digital Transformation & Data

Data enthusiast to data expert: resources for aspiring data scientists

Business executives in Africa frequently bemoan the difficulty in hiring local data science talent. And so, when we advertised for aspiring and experienced data scientists to participate in the insight2impact DataHack4FI Season 2 competition, we were pleased to receive applications from over 190 people. Across the continent, it seems young people

Read More »
17 July, 2018
Digital Transformation & Data

The benefits and potential risks of digital fiat currencies

Exploring digital fiat currencies (DFC) / central bank digital currency (CBDC)  Cryptocurrency has taken the financial world by storm since 2008 through its ability to deliver peer-to-peer payment that is faster, cheaper, more secure, more convenient and more efficient than traditional legacy-based banking systems. As a result, cryptocurrency is increasingly

Read More »
28 June, 2018
#LiveStream: 10th Consultative Forum
Digital Transformation & Data

Network analysis to identify and segment farmers

Exploring how transactional-data-driven network analysis can allow financial service providers increase the value they provide to customers   Traditional banks serve a diverse set of customers that may include entities such as schools, churches, agricultural cooperatives, small enterprises, SACCOs, farmers, households and individuals (to name a few). Each of these customer segments engage in

Read More »
13 April, 2018
consumers and their financial lives.
Digital Transformation & Data

Aggregation of data for consumer empowerment

We spoke to Billy Owino, CEO of TransUnion Kenya, about the organisation’s strategy of analysing multiple sources of data to better understand consumers and their financial lives.  Tell us about TransUnion’s transition from a credit information bureau to a risk information service and its role as an aggregator of data? Globally,

Read More »
23 March, 2018
Woman from Ghana with cellphone
Consumer Outcomes

A woman’s financial life: Does traditional data get it?

Whereas financial inclusion has seen a steady increase over the past few years, this positive trend has not necessarily taken women along. A gender gap in financial access and usage persists, and has not decreased over the years. Our efforts at understanding and closing the gender gap are hampered by

Read More »
8 March, 2018
African man walking and talking on mobile phone
Digital Transformation & Data

Using technology to build loyalty among insurance customers

Mary is the owner of a small business in Blantyre, Malawi, and the main breadwinner for her family. To support her family in the event that something happens to her, she has a funeral policy that she contributes to monthly in cash at the local insurance branch. The process is

Read More »
6 February, 2018
Regulating for Innovation webinar
Digital Transformation & Data

Regulating for innovation: How to encourage responsible market innovation

For regulators, the dual implications of innovation make it a critically important but challenging topic to address. Regulators with a mandate to encourage market development and sectoral growth are obliged to encourage innovative providers and products that help to drive this market development and enhance consumer value. However, regulators are

Read More »
5 January, 2018
Data sharing and data privacy
Digital Transformation & Data

Data privacy in Africa: Regulation and reality

Ridwaan Boda and Era Gunning of ENSafrica answer questions about data privacy, data sharing and what related regulations mean for financial service providers in Africa.  Do you think it is likely that the commencement of the General Data Protection Regulation (GDPR) in the European Union (EU) will: Result in any African countries

Read More »
18 December, 2017
Digital Transformation & Data

Inclusive: Identification that removes barriers to financial inclusion

DataHack4FI in-country winners from Ghana offer a multiple-database-verification API solution to identity verification. A lack of verifiable identification presents a significant barrier to individuals’ access to financial services. According to Findex 2017, 20% of financially excluded individuals mention a lack of identification as the main reason. In sub-Saharan Africa specifically,

26 July, 2018
Data enthusiast to data expert: resources for aspiring data scientists
Digital Transformation & Data

Data enthusiast to data expert: resources for aspiring data scientists

Business executives in Africa frequently bemoan the difficulty in hiring local data science talent. And so, when we advertised for aspiring and experienced data scientists to participate in the insight2impact DataHack4FI Season 2 competition, we were pleased to receive applications from over 190 people. Across the continent, it seems young people

17 July, 2018
Digital Transformation & Data

The benefits and potential risks of digital fiat currencies

Exploring digital fiat currencies (DFC) / central bank digital currency (CBDC)  Cryptocurrency has taken the financial world by storm since 2008 through its ability to deliver peer-to-peer payment that is faster, cheaper, more secure, more convenient and more efficient than traditional legacy-based banking systems. As a result, cryptocurrency is increasingly

28 June, 2018
#LiveStream: 10th Consultative Forum
Digital Transformation & Data

Network analysis to identify and segment farmers

Exploring how transactional-data-driven network analysis can allow financial service providers increase the value they provide to customers   Traditional banks serve a diverse set of customers that may include entities such as schools, churches, agricultural cooperatives, small enterprises, SACCOs, farmers, households and individuals (to name a few). Each of these customer segments engage in

13 April, 2018
consumers and their financial lives.
Digital Transformation & Data

Aggregation of data for consumer empowerment

We spoke to Billy Owino, CEO of TransUnion Kenya, about the organisation’s strategy of analysing multiple sources of data to better understand consumers and their financial lives.  Tell us about TransUnion’s transition from a credit information bureau to a risk information service and its role as an aggregator of data? Globally,

23 March, 2018
Data in FSP decision-making: Findings from six African Countries
Digital Transformation & Data

Data in financial service provider (FSP) decision-making: Findings from six countries

Do FSPs in Africa use data to drive their decisions?  While several global surveys have been conducted to determine the extent to which business executives are using data and analytics to drive decision-making (or the success they have in doing so), typically, hardly any executives from African businesses are surveyed. 

16 March, 2018
Woman from Ghana with cellphone
Consumer Outcomes

A woman’s financial life: Does traditional data get it?

Whereas financial inclusion has seen a steady increase over the past few years, this positive trend has not necessarily taken women along. A gender gap in financial access and usage persists, and has not decreased over the years. Our efforts at understanding and closing the gender gap are hampered by

8 March, 2018
African man walking and talking on mobile phone
Digital Transformation & Data

Using technology to build loyalty among insurance customers

Mary is the owner of a small business in Blantyre, Malawi, and the main breadwinner for her family. To support her family in the event that something happens to her, she has a funeral policy that she contributes to monthly in cash at the local insurance branch. The process is

6 February, 2018
Regulating for Innovation webinar
Digital Transformation & Data

Regulating for innovation: How to encourage responsible market innovation

For regulators, the dual implications of innovation make it a critically important but challenging topic to address. Regulators with a mandate to encourage market development and sectoral growth are obliged to encourage innovative providers and products that help to drive this market development and enhance consumer value. However, regulators are

5 January, 2018
Data sharing and data privacy
Digital Transformation & Data

Data privacy in Africa: Regulation and reality

Ridwaan Boda and Era Gunning of ENSafrica answer questions about data privacy, data sharing and what related regulations mean for financial service providers in Africa.  Do you think it is likely that the commencement of the General Data Protection Regulation (GDPR) in the European Union (EU) will: Result in any African countries

18 December, 2017
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