We were pleased to announce recently that Mambu joined The SEEP Network, the global network of international practitioner organizations dedicated to combating poverty through promoting inclusive markets and financial systems. SEEP is the largest and most diverse network of its kind, comprising international development organizations and global, regional, and country-level practitioner networks that promote market development and financial inclusion.
There is no doubt that technological innovation is rapidly driving new opportunities for financial inclusion. As Sharon D’Onofrio, Executive Director of The SEEP Network commented recently, “We are at a transformative point in the evolution of the microfinance sector, as world leaders embrace the mandate of global financial inclusion, and technological innovations present immeasurable opportunities to make it a reality.”
In a blog, written exclusively for the SEEP Network, Douglas Pond, Mambu’s executive vice president, examines how technological innovation is spawning new competitors and putting microfinance organizations under pressure. You can read his full blog post here