Digital Finance Ecosystem
CGM’s digital finance initiatives focus on four main themes: States, markets, academia and end-clients, with a special focus on financial inclusion. Growth economies are experiencing a digital financial revolution propelled by an enabling ecosystem facilitated by governments and by digital and financial innovators. This has allowed unbanked communities and vulnerable groups to access formal saving, credit, remittance and risk solutions.
We collaborate with the government to provide policy, research,and advisory services to support the creation of a framework for a thriving digital finance market while providing adequate protection to the most vulnerable and to the system overall. Our product design and research focuses on the basic plumbing/the rails of a national financial system- payments, identification and record keeping.
Profitable firms are key to a thriving marketplace. Continued profitability is driven by innovation. We provide product design, research, and capacity development through training to firms foster and help maintain their innovation leadership. Growth economies’ fintech infrastructures are anchored by small merchants. This sub-theme is of special importance to CGM where we explore the factors critical to small merchant productivity and resilience.
Economic empowerment of the vulnerable, especially women:
Access to financial services has an outsized impact on historically underserved vulnerable groups. CGM’s research focuses on evaluating the impact of fintech solutions with a lens of consumer protection https://haas.berkeley.edu/growth-markets/research/.