Promoting Financial Inclusion through Collaboration and Alternative Data.
Rwandan leaders from government, financial institutions, and development partners gathered at a pivotal TransUnion Rwanda event on 27 June 2023 to discuss the vital role of collaboration in accelerating financial inclusion in Rwanda, with a focus on the empowerment of women. Attendees discussed the need for an enabling environment, including supportive policies, regulatory frameworks, tailored financial literacy programmes, and the power of working together.
The event also heard about the significance of embracing innovations in the use of alternative data in expanding access to financial services for underserved populations. “In Rwanda, alternative data from mobile money and other non-financial data sources play a crucial role in understanding consumers better and reaching individuals with limited formal credit history. This innovative approach opens doors to financial services, enabling individuals and SMEs to thrive and contribute to Rwanda's development," said Lee Naik, Regional President and CEO for TransUnion Africa.
Pictured left to right:
- Pipian Hakizabera, Chairman of TransUnion Rwanda Board
- Lee Naik, Regional President and CEO for TransUnion Africa
- Clare Akamanzi, Chief Executive Officer of Rwanda Development Board and Cabinet Member
- Samuel Tayengwa, Country Manager for TransUnion Rwanda