Leveraging AI and Data Analytics for Inclusive Financial Services
Can fintech and digital innovation transform the financial landscape for underserved populations? This pressing question will take center stage at the upcoming two-day event, “The Digital Future: Fintech, AI, and the Path to Financial Inclusion.” Hosted by the Lab for Inclusive Fintech (LIFT) at the University of California, Berkeley, and the International Finance Corporation (IFC), […]
Impact of Technological Advancements in Driving Financial Inclusion in Nigeria
Africa is experiencing rapid economic growth, but a significant portion of its population still struggles with poverty and economic inequality. This hampers overall economic progress. Financial inclusion is a widely studied area as it can uplift the lives of low-income individuals. In many developing regions, a large segment of the population resides in rural areas, […]
Understanding Why Women Don’t Save at the Bank and How to Solve It
Women save but not at the bank. Why? To answer this question let’s consider a few factors. Few financial products and services are developed with the needs of the low-income woman customer in mind or account for the challenges that a low-income woman might face. Many financial products are not set up to sustain the continued […]
SIDFS Product Innovation Lab: Revolutionizing Financial Product Development for Customer-Centricity
In the ever-changing financial landscape, meeting the needs of financially excluded individuals, especially those in the informal sector, is a pressing challenge. At SIDFS, we have embarked on a mission to bridge these gaps by introducing the Product Innovation Lab (PIL). This groundbreaking lab is specifically designed to support product development teams of financial service […]
WATCH: Charles and Charity Nwobodo share their business journey with the Small Firm Diaries
According to the Small Firm Diaries 2022 Report, In Nigeria, MSMEs, make up 96% of companies in the country and provide 84% of job opportunities. These small firms represent an “invisible middle,” different from microenterprises and larger than professionalized firms. The Small Firm Diaries followed the financial lives of 161 small businesses in Nigeria between […]
#IFIC2023: International Financial Inclusion Conference Returns for it’s Second Edition
We are pleased to announce the second edition of the highly anticipated International Financial Inclusion Conference (IFIC) 2023, which is scheduled to take place on October, 5th and 6th, 2023, at the prestigious Landmark Event Centre in Lagos. The International Financial Inclusion Conference (IFIC) is a premier engagement platform hosted by the National Financial Inclusion […]
5 Key Takeaways from the Small Firm Diaries Nigeria Report
The Small Firm Diaries is a global research project conducted between 2021 and 2023 in seven countries: Kenya, Nigeria, Uganda, Ethiopia, Indonesia, Fiji, and Colombia.
Published by Michelle Kempis, global research manager at Financial Access Initiative Research Center of New York University and Timothy Ogden, managing director at FAI in partnership with the Nigerian National Bureau of Statistics and the Lagos Business School, the report aims to better understand small firms in low-income neighborhoods of developing countries.
CICO Collective Webinar: Driving Financial Inclusion in Nigeria through the CICO Initiative.
The CICO Collective webinar, held on June 7, 2023, in collaboration with IDEO’s Last Mile Money, explored the Economist Impact: CICO Diagnostic—Nigeria Deep Dive, along with findings from pilots in multiple countries. Last Mile Money, a collaboration between IDEO and the Bill and Melinda Gates Foundation, is a leader in promoting financial inclusion. This article […]
Unlocking Financial Inclusion and Empowering Nigerian Women: Introducing the Savings Mobilization Replication Toolkit.
On April 13th and 14th, 2023, the Sustainable and Inclusive Digital Financial Services (SIDFS) Project organized a workshop at Lagos Business School, Ajah, to conduct a comprehensive review and in-depth discussion on Women’s World Banking’s Savings Mobilization Replication Toolkit. This open-source blueprint is specifically designed to assist deposit-taking institutions in enhancing their financial services targeted […]
Financial Consumer Data Protection
Data privacy and protection is an important aspect of financial consumer protection and increases in significance as digitalisation of financial services increases. Given that digitalisation is the ongoing rave and definitive face of banking and financial services and the game shaping disruptive and transformative phase of financial innovation, the need for data protection is […]