Could the data representing a person’s social life be analyzed by AI to determine creditworthiness?

Mexico City-based open finance API platform Belvo has raised $15 million in a round led by Quona Capital and joined by Citi Ventures.

Guest speakers presented findings from their research project, highlighting how instant payment systems have significantly transformed financial inclusion by reducing transaction costs and improving service efficiency.

Artificial intelligence is a transformative force with the potential to make financial services more efficient, inclusive and responsive to client needs. However, the future of AI in financial inclusion relies on responsible practices to ensure an ethical and impactful use of this evolving technology.

Participants from 35 member institutions in 32 countries attended the Joint Learning Program in Dhaka, which explored how to develop and implement policies on disaggregated data and innovative digital financial services in order to enhance women’s financial inclusion, drawing on Bangladesh’s experience.

This blog explores three key ways FSPs can be supported to offer inclusive financial solutions that boost low-income women’s climate adaptation and resilience—through better data use, stronger institutional capacity, and increased funding.

FinEquity Africa Facilitator Tariro Nyimo reflects on the 2024 Pathway-to-17 Summit, which spotlighted gender equality, innovative solutions, and vibrant collaboration to drive women’s economic empowerment through financial inclusion in Africa.

This guideline note provides a comprehensive framework for policymakers and regulators to design and implement inclusive data-sharing ecosystems—whether open banking, open finance, or broader open data regimes tailored to their unique contexts.

This report offers a comprehensive analysis of the open finance landscape across 48 countries, segmented into lower-middle income (LMI) and upper-middle income (UMI) economies.

Alongside investment in digital public infrastructure, and ongoing efforts to reach the 1.4 billion people globally who still do not have access to a basic transaction account, open finance can be the next frontier for the growth of the financial services industry.