Xavier Faz

Lead, Business Models

Xavier Faz is the lead for CGAP’s work on technology and business models in digital finance. His area of work includes emerging technologies, fintech and digital banking, as well as open platforms. He is also CGAP’s Regional Head for Latin America & the Caribbean.

Prior to CGAP, Mr. Faz was VP of Strategic Planning for a development bank in Mexico, where he helped launch a line of services offering low cost banking infrastructure and payments to microfinance and nonbank financial institutions in that market. He also worked with McKinsey & Company in Mexico and Central America, supporting large organizations in banking, retail and consumer goods, in leveraging emerging technologies to launch new base-of-the-pyramid businesses. Before that, Mr. Faz was a Systems Engineer at several startups in Mexico and Silicon Valley, as well as Field Engineer for Schlumberger in North Africa.

Mr. Faz has a Master’s degree in Computer Science from Stanford University and an Engineering degree in Electronic Systems from the Instituto Tecnológico de Monterrey, México.

By Xavier Faz

Blog

Open Data and the Future of Banking

Although growing numbers of low-income people are entering the formal financial system, many are not yet leveraging its full value. Emerging regimes for data sharing and payments flexibility have the potential to bypass traditional financial sector development and give poor customers better products and more choices.
Research

Fintechs and Financial Inclusion

Based on pilots with 18 fintechs across Africa and South Asia, this paper identifies emerging fintech innovations with potential to improve the lives of the poor. It also highlights common challenges faced by early-stage fintechs.
Blog

China's Super Platforms: The Impact Question

What impact are super platforms having on low-income customers and small businesses? CGAP and Mastercard Foundation traveled to China to see firsthand.
Research

Digital Rails

Get a more detailed introduction to open APIs — what they are and how they can unlock innovation in digital financial services ecosystems — in this e-book.
Blog

Are Open Platforms Smart Business for Payments Providers?

Many industries have seen businesses grow after opening APIs. Learn why open APIs could also be a boon for financial services providers in emerging markets.