The video is the Keynote Speech delivered by Graham A.N. Wright, Director, MicroSave at European Microfinance Week in Luxembourg held on November 15th, 2018.

The blog describes how technology presents the financial services sector with four huge opportunities and also three significant threats.

After the progress made on setting a regulatory and policy framework to enable financial inclusion, this blog raises concern over the decision that puts a cap of 1% for agent transaction.

This focus note provides lessons for the joint liability group based Indian microfinance sector in the realm of product offering from three different MFIs of Bangladesh—ASA, BRAC and Grameen Bank.

MSC Group Managing Director, Graham A.N. Wright, during a live talk with MFI experts in Luxembourg.In this video, Graham debunks the hype around digital credit. He goes on to state that digital credit is not a cause for celebration as it is instigating financial exclusion.

The problems with digital credit persist and continue to grow alarmingly

The blog discusses that successful efforts to foster financial inclusion involves three inter-related and mutually-reinforcing components.

The potential to harness digital footprints and channels to provide rapid access to credit cannot, and should not, be denied. But it will take concerted efforts to optimise the products currently being delivered and realise the full potential of the digital revolution for consumers and providers alike.