The increasing prominence of financial inclusion as a tool for development and growth has spawned extensive data-gathering initiatives to measure, understand and improve it. The result is a variety of new measurement frameworks that leverage this data.
Early indications suggest that financial inclusion targets (such as the percentage of adults with a bank account) remain valid, but they don’t tell you much when tracked in isolation. Are people actually using their financial services, can serve as a useful measurement of consumer status or outcomes, and, more importantly, what is the impact on livelihoods?
See how we are working to change the way financial inclusion is viewed and the data used to measure it.
Financial inclusion is entering a new era The movement’s first era – which we’ll call “Financial Inclusion 1.0” – lasted from 2000 to 2019. During that time, the data tools employed to measure, track and guide financial inclusion efforts were effective in putting the sector firmly on the global development
A synthesis report on what we’ve learned As we set out to understand what our financial inclusion measurement quest would be, it became apparent that it matters what you try to measure. Financial inclusion targets (percentage of adults with a bank account, say) remain valid, but they don’t tell you
Policymakers, development organisations and sometimes even private sector players, often rely on financial inclusion data uncovered through consumer or ‘demand-side’ surveys. However, insight2impact has been exploring the analysis of financial transaction data to generate new insights on people’s financial behaviour. We have partnered with government institutions and commercial banks to
As we reflect on International Women’s Month 2020, we look back on the different things we’ve learned about women’s financial needs, and all the things we are yet to learn! Under the banner #EachForEqual, International Women’s Day 2020 drew attention to the importance of collective individualism – recognising that we
Like a well-plotted mystery, the story of how the novel coronavirus is affecting our world adds a new chapter every day. From today’s vantage point, no one can see how it will turn out. One thing that is clear, however, is that the financial health of many if not most
While half of the world’s population is female, very little is known about their financial inclusion The availability of data on financial inclusion has grown tremendously in recent years. Data initiatives have played a critical role in deepening our understanding of financial inclusion – particularly initiatives such as the World
Why formal institutions aren’t the only ones driving Africa’s innovation and fintech space. There’s been a lot of well-deserved attention on the efforts of businesses, NGOs and other institutions working to reshape Africa’s innovation and fintech ecosystem. Indeed, Insight2Impact has highlighted several of those efforts in the Openi2i series. But there
“Are we there yet?” It’s a familiar refrain to any parent who has taken a child on a long journey – you may even remember the stock replies your own parents supplied in similar situations. But “we’ll be there soon” probably didn’t correspond with your own perception of time, and
How do Mexicans solve their financial needs? This report outlines the findings from a study carried out by insight2impact in collaboration with Comision Nacional Bancaria y de Valores (CNBV) of Mexico to gauge how Mexicans meet their financial needs, especially when it comes to send and receive money, manage liquidity,
It’s not easy delivering data-driven financial services to the financially excluded in Africa’s emerging economies. That’s why technical assistance (TA) can be essential to the success of the region’s financial service providers (FSPs). Comprised of various forms of non-financial assistance provided by outside specialists, TA can take the form of
Financial inclusion is entering a new era The movement’s first era – which we’ll call “Financial Inclusion 1.0” – lasted from 2000 to 2019. During that time, the data tools employed to measure, track and guide financial inclusion efforts were effective in putting the sector firmly on the global development
A synthesis report on what we’ve learned As we set out to understand what our financial inclusion measurement quest would be, it became apparent that it matters what you try to measure. Financial inclusion targets (percentage of adults with a bank account, say) remain valid, but they don’t tell you
Policymakers, development organisations and sometimes even private sector players, often rely on financial inclusion data uncovered through consumer or ‘demand-side’ surveys. However, insight2impact has been exploring the analysis of financial transaction data to generate new insights on people’s financial behaviour. We have partnered with government institutions and commercial banks to
As we reflect on International Women’s Month 2020, we look back on the different things we’ve learned about women’s financial needs, and all the things we are yet to learn! Under the banner #EachForEqual, International Women’s Day 2020 drew attention to the importance of collective individualism – recognising that we
Like a well-plotted mystery, the story of how the novel coronavirus is affecting our world adds a new chapter every day. From today’s vantage point, no one can see how it will turn out. One thing that is clear, however, is that the financial health of many if not most
While half of the world’s population is female, very little is known about their financial inclusion The availability of data on financial inclusion has grown tremendously in recent years. Data initiatives have played a critical role in deepening our understanding of financial inclusion – particularly initiatives such as the World
Why formal institutions aren’t the only ones driving Africa’s innovation and fintech space. There’s been a lot of well-deserved attention on the efforts of businesses, NGOs and other institutions working to reshape Africa’s innovation and fintech ecosystem. Indeed, Insight2Impact has highlighted several of those efforts in the Openi2i series. But there
“Are we there yet?” It’s a familiar refrain to any parent who has taken a child on a long journey – you may even remember the stock replies your own parents supplied in similar situations. But “we’ll be there soon” probably didn’t correspond with your own perception of time, and
How do Mexicans solve their financial needs? This report outlines the findings from a study carried out by insight2impact in collaboration with Comision Nacional Bancaria y de Valores (CNBV) of Mexico to gauge how Mexicans meet their financial needs, especially when it comes to send and receive money, manage liquidity,
It’s not easy delivering data-driven financial services to the financially excluded in Africa’s emerging economies. That’s why technical assistance (TA) can be essential to the success of the region’s financial service providers (FSPs). Comprised of various forms of non-financial assistance provided by outside specialists, TA can take the form of
