Tag Archives: Digitalization

European Microfinance Award 2018: Financial Inclusion Through Technology Brochure

Read how the winner and finalists of the European Microfinance Award 2018 on Financial Inclusion through Technology have creatively used technology to improve the quality and efficiency of their services. This new brochure presents the background on the Award, outlines the selection process, the Award ceremony and showcases the Award winner (Advans Côte d’Ivoire, Ivory Coast) and the two finalists: KMF, Kazakhstan, the MFC ...

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Experimenting with Digital Solutions: Initial Lessons from European Microfinance

  This case study reviews digital applications and experimentation in digital transformation by European microfinance institutions. Using a digital transformation framework developed by the Microfinance Centre, the case explores the application of technology to core business processes and analyzes the use of various applications such as social media, virtual collaboration, mobile tools, data analytics and artificial intelligence. In addition to ...

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The Tech-and-Touch Mix in Microfinance

  This case study reviews how European MFIs incorporate high-tech solutions with the traditional high-touch personal approach to providing microfinance services and discusses the emergent models that MFIs are applying to combine these two approaches. Unlike FinTechs, MFIs retain the personal touch as a distinctive feature and a unique sales proposition of microfinance but there are differences as to when ...

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Business Development Services and Microfinance: Case Studies in Operational Models

  The MFC research reviews the involvement of microfinance institutions in the provision of non-financial services to clients and other constituents. The provision of business development services (BDS) alongside credit has become a salient feature of many European MFIs. Over the years, different models of BDS have emerged, varying both by level of integration with core financial services and the ...

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MFC explores the role of fintech sector in advancing financial inclusion

In the recent months, the MFC has conducted studies on the FinTech sector and its role in providing financial services to excluded and underserved groups in Poland and Ukraine. We have successfully identified FinTechs that contribute to financial inclusion and improved financial health, and explored their current and potential future cooperation with traditional finance providers. In Ukraine, our research was ...

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First EaSI Technical Assistance webinar: Opportunities and enablers of digitalisation for microfinance institutions

Date: 19 December 2018, ended Speaker: Jarosław Dmowski, digital expert Facilitator: Justyna Pytkowska, MFC Download webinar recording To help all interested European microfinance institutions understand better how to position themselves in the digital space, the European Commission is sponsoring a webinar organised under the umbrella of the EaSI Technical Assistance for Microfinance programme and hosted by the Microfinance Centre (MFC). ...

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Join MFC for 3 sessions during the European Microfinance Week 2018!

European Microfinance Week, organised by the European Microfinance Platform (e-MFP) in Luxembourg on 14 – 16 November, hosts high level and in-depth discussions by all sectors of the financial inclusion community working worldwide, especially in the south. The unparalleled three day event attracts leading experts, opinion-leaders and policy-makers to its plenaries and workshop sessions tackling front line topics. You’re invited!  As part ...

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MFC Member KMF from Kazakhstan announced as finalist for European Microfinance Award

On the 20th of September, the Selection Committee for the European Microfinance Award 2018 on “Financial Inclusion through Technology” chose the three finalists who will go on to compete for the €100,000 prize: KMF of Kazakhstan, Advans CI of Ivory Coast and  ESAF Small Finance Bank of India. This year, the Award has highlighted the role of technology in advancing financial ...

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Open call: Consultant for a study on microfinance digitalization in Europe

Microfinance Centre is looking for a short-term consultant for a study on microfinance digitalization in Europe. The objective of the study is to document interesting cases of digitalization in European microfinance in order to spread knowledge and understanding of the solutions that use modern technologies to improve the microfinance institutions’ (MFI) operations. The research will include the review of the ...

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Alternative Credit Scoring: Workshop for Chief Credit Officers held last week in Warsaw

On Thursday and Friday last week MFC convened a 2-day meeting for MFC member institutions from Bulgaria, Ireland, Armenia, Albania, Bosnia and Herzegovina, Greece, Moldova, Romania, Poland, UK and USA to discuss how scoring methods and digitalization can support transformation to more efficient and more effective microfinance institutions. This was an excellent workshop bringing together a large number of credit ...

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