How Financial Institutions, Fintechs Partnerships Aid in Inclusion
A variety of resources regarding financial institutions’ partnerships with fintech are included in this joint report from the Center for Financial Inclusion at Accion and the Institute of International Finance.
The researchers provide a look at how Destacame’s alternative credit scoring is enabling BBVA Bancomer to reach underserved customers. Also, offering insight on the many paths of partnership between the two companies. The report also profiles how financial institutions are using a variety of strategies to ensure stable partnerships with fintechs. Blockchain resources are also included through a look at a transaction with ICIC Bank and Stellar.
Data Collection, use and management is another challenge faced by financial institutions. In figure 9 of this report, financial institutions are turning to fintechs to help them organize and mine their data. Another tool offered is a look at how Artoo’s cloud-based software is improving the efficiency and effectiveness of Ujjivan agents.