February 19th, 2020

Financial inclusion - on the agenda of the Central Bank of Uzbekistan

Governor Mamarizo Nurmuratov, the Central Bank of Uzbekistan

Financial inclusion in its broadest sense was put on the central bank’s agenda at the end of 2017, when its priority areas were revised as part of reforms and efforts to ensure the openness of the national economy. Before then, efforts had been focused mainly on financing small businesses and…

January 17th, 2020

Five key financial inclusion policy trends for 2020

As the global population grows and becomes increasingly tech-savvy, it is giving rise to exciting new trends in financial inclusion policymaking that will drive debate for years to come. Amid these changes is a constant steam of new developments in digital financial services that are helping lead innovation while also challenging regulators by raising important questions over security,…

December 13th, 2019

People first: how regulators are addressing the climate emergency

The global climate negotiations, or COP25, in Madrid are drawing to a close. Thousands of people from across the world and different backgrounds have come together to debate the most urgent challenge of our time. On Wednesday, 12 December, the High-Level Event on Climate Emergency witnessed a common call for action that shifted ambitions away from negotiations and into…

November 28th, 2019

OKO discusses FinTech showcase win & potential market expansion

 

“Winning the FinTech showcase is especially rewarding because this award comes from regulators and it validates the idea that OKO is also supported by regulators and can have a real impact on financial inclusion” OKO Co-founder and CEO Simon Schwall.

Crop insurer OKO beat out nine worthy competitors to take home the top prize at the first-ever FinTech Showcase…

November 27th, 2019

Leaving no one behind: The value of Gender Inclusive Ambassadors 

September 13, 2019 was a very special day for me. As the AFI family, we attained milestone recognition with the certification of the first-ever AFI Gender Inclusive Ambassadors. Eleven member institutions were inducted. This is a tool which, if effectively used, can significantly assist us to scale up our efforts in the gender inclusive finance space and bridge the gender gap…

November 12th, 2019

It’s a match! Why FRC Mongolia wants to pair green finance with DFS

Mongolia is embarking on a quiet revolution. Despite the challenges of a tough and sparse terrain, the landlocked country has achieved near-universal financial inclusion and a rare negative gender gap in account ownership. Never resting on its laurels, it is onto the next big thing: green finance.

Amid efforts to pursue a low-carbon economy, the country’s top…

November 6th, 2019

E-money policy model launch reveals rigorous policy shaping process

At the 2019 AFI Annual General Meeting (AGM), member institutions unanimously ratified the network’s first policy model on electronic money (e-money), designed to support the development of an enabling environment for e-money.

The policy model is essentially a codification of various approaches, key lessons and best practices from across AFI’s diverse network. It…

September 27th, 2019

SME finance as seen by regulators: focus on Sub-Saharan Africa

A sound, progressive micro, small and medium enterprise (MSME) sector is critical to balanced, inclusive economic growth. According to the International Labour Organization, MSMEs create 67 percent of global employment, yet MSMEs have the potential to assume an even greater role in economies.

Access to financing is crucial for MSMEs to attain their potential. With…

September 9th, 2019

Rwanda’s agaseke baskets hold promise for financial inclusion

Lining the entrance of the Kigali Convention Centre are three large baskets, known as agaseke in Rwanda’s official language of Kinyarwanda. Standing up to two meters tall and streaked in the national colors of green, yellow and blue, these symbols of the country’s rich cultural heritage tower over most of the delegates arriving for the 2019 AFI Global Policy Forum (GPF).

September 4th, 2019

Using customer-centric data for smarter financial inclusion policies

How can we use financial inclusion data on customers more effectively to bring smart policies to life? insight2impact has been working with AFI’s financial inclusion data (FID) working group to develop a client-centred approach to measure the success of financial inclusion initiatives.

While financial inclusion is typically measured by account uptake rates,…