David Cracknell is the Director of First Principles Consulting Limited, a consulting company dedicated to helping financial institutions, regulators, and policy makers.
David Cracknell was the Managing Director—Africa and later the Global Technical Director at MSC. He has over two decades of experience in financial inclusion, banking, and enterprise development. David has authored numerous technical papers and articles that have contributed to the development of multiple tools and training courses of MSC. He is skilled in business planning, analytical skills, market research, management, and proposal writing. Before joining MSC, David worked as the Enterprise Development Manager in the The Department for International Development (DFID) in Bangladesh.
Posts by David Cracknell
Innovation and Adaptation on the M-PESA Rails
This note examines some of the savings and related services offered to the low-income market segment using M-PESA ‘rails’, and highlights the challenges they face.
Analysis of Financial Institutions Riding the M-PESA Rails
This paper analyses the FIs riding the M-PESA rails stating that many M-PESA customers find formal banking services inaccessible or expensive, and the advantages of transactions by phone is preferable.
In 1993, the Central Bank of Kenya confirmed that, as Equity Building Society, it was technically insolvent and inadequate management. This note outlines the success factors underlying the remarkable change.
A Market-led Revolution – Equity Bank’s Continuing Story
This paper documents the history of Equity bank’s remarkable journey and assesses some of the lessons that can be learned by others. It also provides the details of the bank’s strategic and operational history.