Customer Data Trails
The knowledge products covered here provide an overview of the landscape of data trails generated by low-income individuals, especially women as well as excluded segments. Through these products we uncover where and what data is available and on whom.
Use of Data by Providers
The knowledge products covered highlight the opportunity that data opens within financial services. Specifically, how financial services providers can leverage data to design inclusive financial services by leveraging data to innovate, expand access, and improve services.
Inclusive Data Ecosystem
These knowledge products cover how data sharing frameworks like Open Finance can help advance financial inclusion. They highlight how ecosystem-related factors like regulation and infrastructure can reduce provider barriers and spur innovation.
Open finance gives low-income consumers greater control of their personal information, helping make their data work for them, giving them access to more products at lower costs through multiple and easy-to-access channels, and allowing for remote consumer onboarding. Under open finance, with consent from the customer, banks and financial service providers (FSPs) would be required to share consumer data with other FSPs and/or third-party providers, such as fintechs. However, this unprecedented ability to move entire financial histories both empowers consumers and poses risks. For example, data
Building on CGAP’s paper, Open Banking: How To Design for Financial Inclusion, this webinar featured regulators in Latin America and Africa who are implementing or planning to implement open banking regimes in emergin
