Page 224 - The Digital Financial Services (DFS) Ecosystem

ITU-T Focus Group Digital Financial Services
Ecosystem

Company InVenture
Overview Based in Santa Monica, California, with offices in Nairobi, Kenya, InVenture’s TALA
(formerly Mkopo Rahisi) analyzes more than 10,000 data points per user. Data analysis
includes deposits and withdrawals of mobile money accounts (M-Pesa), social media
updates, demographic data, and phone usage. The application process takes about 5
minutes. A score and decision is produced in seconds. Funds are distributed immediately
to the applicant’s M-Pesa account.

As of May 2016, TALA has enabled loans for over 260,000 consumers and businesses in
Kenya and Tanzania. They have announced plans to expand in the region.

Differentiator Analyzes bill payment timeliness.

Analyzes phone usage, including time of data and battery drainage.

Analyzes content of text messages, emails, Facebook, and Twitter posts.
Screenshots

Company Kenya Commercial Bank (KCB)

Overview Launched March 2015, KCB M-Pesa (https:// ke. kcbbankgroup. com/ home/ loans/ mobile/
kcb- m- pesa) is a partnership between KCB and Safaricom. Loan amounts are based upon
M-Pesa transaction activity and savings balance (if applicable). Loan repayments range
from 1 month (6 per cent APR), 3 months (5 per cent APR), and 6 months (4 per cent
APR).

Differentiator Integrated bank/MNO offering

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