Recent Blogs
Regulating Savings Groups: Only a Proportionate Approach Will Work
Savings groups offer vital, community-run savings and loans, thriving even in fragile contexts. But rising government regulation in some countries risks harming them unless policies remain proportionate and risk-based.
The Time to Consult on FATF Revisions Is Now
The FATF is updating its Guidance on AML/CFT and Financial Inclusion and is seeking input. This revision could impact financial access for millions, making it crucial for experts to engage before the consultation closes on April 4, 2025.
Ensuring Responsible Open Finance for Consumers and their Data
For consumers to harness the benefits of open finance, adopting a comprehensive consumer and data protection regulatory and supervisory framework, putting consumers first, and ensuring collaboration among key actors in the ecosystem is imperative.
FATF Supports Inclusion With Recent Revisions
The FATF is updating its AML/CFT standards, with a public consultation open until December 6. The changes could boost access to financial services, and CGAP calls on the financial inclusion community to review and share feedback.
Surveys Reveal a Path to Responsible Digital Finance in WAEMU
For the first time, there is comprehensive data on digital financial services users in the WAEMU region, and it highlights the need for more responsible digital finance ecosystems. Strengthening consumer protection is crucial.
When is Interoperability Right for Microfinance?
When is interoperability right for microfinance institutions? We draw on interviews with 40 small financial institutions to unpack the complex picture around a universal approach to ensuring all institutions benefit from real-time, digital payments.
Is It Possible to Estimate Financial Stress Before It Harms Borrowers?
A tool piloted by CGAP and 4G Capital reliably measures changes in borrower behavior to detect financial stress. If stress indicators are found to predict future repayment, the tool could also serve as an early warning system for issues like default.
Risk-Based Supervision Is Key to Financial Inclusion in 2020 & Beyond
In developing countries around the world, inadequate supervision risks neutralizing regulatory reforms designed to spark innovation and advance financial inclusion. Here’s what the global development community can do about it.
Deposit Insurance: The Last Line of Defense for E-Money?
Should deposit insurance cover e-money? The answer may not be the same for every country, but here are two lessons that apply across markets.
RegTech and Digital Finance Supervision: A Leap into the Future
Are digital finance supervisors in emerging markets ready to adapt the latest regulatory compliance technologies?
Why Digital Finance Supervisors Should Automate Data Collection
Today’s technology has made it possible for supervisors to collect massive amounts of granular data from financial services providers – but should they? Yes, but only if they automate data collection.
RegTech: Are Supervisors Ready for the Data Revolution?
Technology and data are considered the engine of new financial disruption. FinTech's lesser-known sibling, RegTech, refers to technology that can improve efficiency, consistency, and ease of supervisory processes. What does this revolution look like?
Digital Financial Inclusion Supervision: Tanzania Pilot Program
The world of digital financial inclusion is growing quickly and outpacing capacity and resources to tackle it from a regulatory and supervisory standpoint. In response, CGAP and Toronto Centre piloted the first Digital Financial Inclusion Supervision training program in Tanzania.
Risk-Based Supervision in the Digital Financial Inclusion Era
Lack of supervisory capacity is one of the key challenges facing financial sector supervisors in emerging markets. A risk-based approach to supervision helps to strategically allocate scarce resources and to prioritize interventions according to identified risks.
Supervisor’s Experience with Expanding Agent Networks: 4 Insights
As agent networks expand, they bring great opportunity by facilitating cutting edge digital financial products. But with this expansion comes risk and serious implications for financial supervision.