the mif blog

Stories of inspiring entrepreneurs and organizations, discussion and commentary of new trends in private sector development, and the latest events and publications.

Tigo Money – A lesson in mobile financial services, one partnership at the time

By Fermín Vivanco

When the Luxemburg-based telecommunications provider Millicom started its service Tigo Cash in Paraguay nine years ago, few expected this to be the starting point of Latin America’s most successful mobile money story.

Financial transactions at your fingertips

By Irani Arraiz

I recently heard a podcast (HBR IdeaCast) where Jerry Seinfeld shared his insights into innovation. One of his comments stuck with me: “it’s very important to know what you don’t like. It’s good to have an idea, but a big part, I find, of a lot of innovation starts with someone saying: ‘you know what I am really sick of?’ That’s where innovation begins.”

What do you want to be when you grow up?

By Elena Heredero Rodriguez

What do you want to be when you grow up? This is a question that adults everywhere ask young people. In fact, at the elementary school where my nine- and seven-year-old children attend, all of the children are asked that same question and their responses are published in the school yearbook. The answers are amusing and range from spy to veterinarian to president. While my son is currently deciding between three professions: chef, college professor of Economics, and teacher, my daughter hasn’t made up her mind yet. 

La educación en Recife se pone unas dosis de innovación

By Elena Heredero Rodriguez

El 22 de junio la División de Educación del BID lanzó un twitter chat sobre ¿Cómo innovar de manera sostenida en el sistema educativo en #LatAm? Con @BIDEducación@Summa_Edu, y expertos #LatamEd, y justo coincidió que estuve en Recife, capital de Pernambuco, Brasil, donde pude conocer una serie de iniciativas innovadoras en la educación media y técnica. Voy a hablar de 2 iniciativas: Escuela Técnica Cícero Dias, Pernambucoders, y cerraré con NEO Brasil, la razón de mi visita.

Banks in the digital era...Do you need an innovation hub?

By Sergio Navajas

Banks are no strangers to innovation, but are they keeping up with the times? What strategies are banks using to deal with rapid innovation in the financial industry? These topics were central to a panel on Innovation Hubs and Sandboxes at Columbia University’s 6th Annual Fintech, DFS (Digital Financial Services) & Payments Summit which took place in early June, 2017.[1] The panel had participation from Citi Fintech, Open Innovation at Barclays Bank, Deutsche Bank’s New York Innovation Lab, the Center for Financial Services Innovation (CFSI), the UK’s Financial Conduct Authority, and KPMG.

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