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.

Artificial Intelligence to stop online fraud

By Irani Arraiz

I wrote some days ago about one of the selected FinTechs that will integrate to Finconecta―a 10-month pilot program in partnership with a&b, that FOMIN/IDB is partially financing. I wrote about the US$21.84 billion losses (in 2015) due to credit and debit card fraud worldwide. But this figure is just the tip of the iceberg.  

Conoce a las fintech en la mitad del mundo

By Guest

¿Sabías que Ecuador, desde la década de los 70, se ha distinguido por sus empresas de tecnología financiera, conocidas como fintech? Desde hace varias décadas, Ecuador ya produce software financiero enfocado en core bancario que se exporta a otros países de América Latina. También Banco del Pacífico, uno de los bancos de Ecuador, fue pionero en la región en introducir cajeros automáticos.  

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.”

Four countries where spotting birds is protecting biodiversity and increasing incomes

By FOMIN

Nestled among towering volcanoes, Guatemala’s Lake Atitlan is often described as one of the world’s most beautiful lakes. Four of the Central American region’s seven biomes meet in the Atitlan region, making it a biodiversity hotspot and a natural “gas station” for migrating birds. But here, as elsewhere in the developing world, a lack of economic opportunities often drives local residents toward activities that devalue local ecosystems for biodiversity and for the people who rely on them for resources. 

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