MasterCard Foundation

MICROCAPITAL BRIEF: FinMark Trust, Centre for Financial Regulation & Inclusion, The MasterCard Foundation to Create “insight2impact” Data Facility to Assess Banking Needs of Poor People

The FinMark Trust, a nonprofit that promotes financial inclusion and regional financial integration; the Centre for Financial Regulation & Inclusion (CENFRI), a nonprofit affiliated with FinMark Trust; and The MasterCard Foundation, a Canadian organization founded by the US-based payments firm MasterCard, recently have announced that they will launch a joint data facility named “insight2impact” (i2i). The facility, which is expected to have a budget of USD 9.6 million, is intended to assist financial services providers in assessing the financial needs of low-income populations.

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