Exploring the challenges and opportunities of Fintech for microfinance institutions
The goal of this document is to shed further light on how MFIs view Fintech, its potential uses, the drivers, challenges and critical success factors. It also aims to provide insight for microfinance stakeholders into how MFIs can leverage Fintech solutions to remain competitive in the rapidly changing financial landscape in Africa.
The study presents results from a survey conducted with 17 MFIs from across Africa. The preliminary findings reveal how a number of MFI market players view the risks and opportunities of Fintech. The findings also point to a number of potential areas of improvement.