Gateway to Financial Innovations for Savings (GAFIS) Insights

In the GAFIS project funded by the Bill & Melinda Gates Foundation, BFA Global worked with bank executives and staff to design savings products to serve low-income customers of five commercial banks in diverse markets with over 256 billion USD in combined assets and over 60 million accounts. BFA Global developed pro-forma investment business cases for each low-income customer segment at the individual, portfolio, and institution-wide levels. With BFA Global’s detailed analysis of products and compatible distribution channel delivery systems, the banks were able to implement targeted, cost-effective pilot programs for the new products and have experienced significant grown in the number of customers and active accounts year over year.