All Publications
Promise (Un)kept? Fintech and Financial Inclusion
This paper uses a comprehensive dataset to investigate the relationship between fintech and financial inclusion in a panel of 84 countries over the period 2012–2020 and obtain empirical insights.
Her Fintech Edge: Market Insights for Inclusive Growth
The study explores the representation of women within fintech portfolios and the factors influencing it. It investigates whether fintech firms actively target women customers and the strategies they employ.
Inclusive Fintech Funding in Times of Uncertainty
This publication shares insights from interviews with past Inclusive Fintech 50 winners and fintech investors to learn how they are adapting to these uncertain times and the impact of the funding challenges on their business models and the low-income customers they serve.
Fintech for Climate Resilience: A Compendium of Startup Innovations Building Resilience in Emerging Markets
This report by the CIFAR Alliance Investors Working Group highlights 11 successful ventures that are building solutions to improve the resilience of communities susceptible to climate change, enabled by fintech.
Insights From the 2022 Inclusive Fintech 50 Applicant Pool
This report examines data from the 250+ eligible fintech applicants from the fourth Inclusive Fintech 50 competition to better understand the state of early-stage fintechs.
The Promise of Fintech for Micro and Small Enterprises
This reading deck investigates the potential of technology-enabled business models to provide underserved micro and small enterprises with responsible financial services.
Banking-as-a-Service: How it Can Catalyze Financial Inclusion
This reading deck provides an analysis of the Banking-as-a-Service (BaaS) model, a new business model that enables non-banks to offer banking services under their own brand and seamlessly embedded into their digital offering with four case studies of BaaS providers from Europe, US and Mexico.
The Impact of Digital Technology and Business Regulations on Financial Inclusion and Socio-Economic Development in Low-Income Countries
This study casts a new angle of linking digital technology and business regulations as drivers of financial inclusion and socioeconomic development.
Supervisory Implications of Artificial Intelligence and Machine Learning
This Note describes some of the uses of artificial intelligence and machine learning by financial institutions; considers the supervisory responses to such uses; and highlights some ways in which supervisory authorities can themselves use AI and ML to improve the effectiveness and efficiency of supervision.
Fintech: Financial Inclusion or Exclusion?
This paper examines two research questions. First, does fintech improve digital financial inclusion? Second, are there segments of society that are not included because they do not have the capacity and means to adopt fintech – such as women, the poor and people living in rural areas?