Financial Inclusion and Literacy Data Collaboration
Financial Inclusion and Literacy Data Collaboration
Description:
This opportunity involves collaboration with banks and fintech companies to enhance financial inclusion and literacy by analyzing data on banking access, financial behaviors, and literacy levels among different demographics.
Objectives:
• Increase access to financial services among underbanked populations.
• Improve financial literacy through targeted educational programs.
• Support economic stability by fostering better financial decision-making.
Socio-Economic Impact:
• Government: Increased economic stability, reduced poverty, and improved financial literacy among citizens.
• Private Sector: Expanded customer base, improved customer loyalty, and access to statistics and insights for targeted financial products.
Potential Datasets:
• Data on financial inclusion and literacy rates.
• Anonymized banking data on access to accounts and usage patterns.
• Anonymized consumer data on financial product adoption and usage.
• Digital payment adoption rates segmented by demographic factors.
• Data on digital wallet adoption and usage patterns.
• Mobile money transaction data segmented by demographic and geographic factors.
• Transaction data from credit and debit card usage across different regions.
• Merchant data showing the distribution of financial services offered through POS systems.
• Customer data on buy-now-pay-later (BNPL) usage and adoption rates.
• Market research data on financial literacy levels by region and demographic.
Potential Stakeholders:
Banks and Financial Institutions, Fintech Companies, Payment Networks and Processors, and Retail and E-commerce Companies.
Code: Economy
Sustainable Development Goals (SDG):
International Best Practices:
In Kenya, banks collaborate with the government to promote financial inclusion through data-driven initiatives, leading to higher financial literacy and access to financial services.
How to get involved?
D4G Alliance initiative facilitates win-win collaboration between relevant stakeholders where privately held data are utilized to produce actionable insights for the public interest in the Emirates of Abu Dhabi.
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