Towards Women’s Financial Inclusion: A Gender Data Diagnostic of Turkey

Turkey’s Women’s Financial Inclusion (WFI) story is one of great progress, made even more remarkable by the gains made within a relatively short period of time. In less than a decade, the nation has succeeded in reducing its gender gap by nearly half in access to formal financialservices. CCX’s analytical modeling conducted for this diagnosticsuggests that the nation will continue on this trajectory, and that the gender gap inWFI will continue to shrink over the coming decade, dropping to about 22 percentby 2030. Further modeling has revealed the potential for $1.16 billion in additional annual FSP revenue by broadly expanding women’s market offerings and increasing women’s use of financial services Data analysis could generate valuable insights on women customer behaviors and the types of products that will attract them, enabling FSPs to take advantage of this market potential. But at present, this is not happening to the extent possible. Further…

Towards Enabling Women’s Financial Inclusion Through Data

Zambia’s Gender Data Journey For many years, the Central Bank of Zambia and other key stakeholders have been working towards financial inclusion and gender equality. And although Zambia had made progress on financial inclusion, 2015 Finscope data showed that women were still more likely than men to be financially excluded. The Bank of Zambia (BoZ) realized that establishing specific recommendations and policies could help bridge this gender gap in access and use of financial services. But to do so, they first needed gender data to inform those policies (Box 1). Key stakeholders agreed that the collection and use of more reliable, high-quality data would allow them to understand where the country was in its financial inclusion journey and focus on the right steps to reach their goals. Through the execution of a grant received from the Alliance for Financial Inclusion (AFI), funded by the Women’s Financial Inclusion Data (WFID) Partnership,…

PayPal Commits Over $100 Million to Advance Financial Inclusion and Economic Empowerment of Women and Girls

A Data-Driven Path to Women’s Financial Inclusion: Insights from Financial Service Providers

As more financial service providers (FSPs) across the world increase their efforts toward inclusion, data is playing an important role in unlocking the market opportunity that women represent. But although financial inclusion data is becoming increasingly available to FSPs, significant gaps persist when it comes to collecting and effectively using sex-disaggregated data. We are at a critical point where we must embrace the challenge of closing gender data gaps to continue the industry’s momentum towards inclusive finance. With this in mind, Data2X’s Women’s Financial Inclusion Data (WFID) partnership, including the Financial Alliance for Women, convened a dialogue series titled “Data Driving Action for Women” in 2019 consisting of three separate roundtables that brought together approximately 100 financial services professionals. These knowledge exchanges revealed how much potential lies in the use of data not only to drive financial inclusion but also to hasten the closing of the gender gap when it…

Data Driving Action for Women Dialogue Series: The Power of Gender Data: Gender-Inclusive Digital Financial Services

Are digital financial services (DFS) truly gender-neutral? How are biases replicated in the design and delivery of DFS? How can gender data help the industry leap forward to a gender-intelligent and inclusive business model? This report provides a readout of the third roundtable discussion convened by Data2X’s Women’s Financial Inclusion Data (WFID) Partnership, including the Financial Alliance for Women and the team at Celo. This discussion centered on the imperative of gender data to create digital financial solutions that are gender-intelligent and inclusive. It convened established and pioneering financial service providers (FSPs), fintechs, researchers and other key stakeholders to discuss the potential and risk of gender data in DFS, with the goal of advancing previous conversations and unearthing the most urgent considerations for gender data and digital finance. Read the report. Read the first and second roundtable reports.

The Importance of Gender Data for Women’s Financial Inclusion

This webinar explains how gender data can improve women’s financial inclusion.

Data Driving Action for Women Dialogue Series: Solutions to Advance Gender Data

Data – sex-disaggregated and anonymized – can unlock the market opportunity of serving women worldwide. When financial institutions collect and use gender data, they can develop an accurate picture of the women’s market opportunity and build the business case for developing tailored products and services that meet their needs. This report provides a readout of the second roundtable discussion convened by Data2X’s Women’s Financial Inclusion Data (WFID) Partnership, including the Financial Alliance for Women. This discussion convened senior representatives from global financial institutions for a dialogue on a central question: how can institutions address gender data challenges, and design solutions to better reach women? Read the report here. Read the first roundtable report here.

Data Driving Women’s Financial Inclusion: Rwanda’s Experience

This case study focuses on Rwanda’s collection and use of financial inclusion gender data.

Data Driving Action for Women Dialogue Series: The Business Case

This report explores how financial institutions can best serve women.

Global Financial Inclusion Survey (Global Findex)

Financial inclusion is on the rise globally, yet women remain 9 percentage points less likely than men to have a bank account. The Global Findex database is the world’s most comprehensive data set on how adults save, borrow, make payments, and manage risk.  The database has been published every three years since 2011 with funding from the Bill & Melinda Gates Foundation. The data are collected in partnership with Gallup, Inc., through nationally representative surveys of more than 150,000 adults in over 140 economies.  Explore the database here.