Ashirul Amin PhD

Ashirul Amin PhD

Managing Principal Consultant

Ashirul is a Managing Principal Consultant at BFA Global. He is the head of the firm's quantitative analytics practice and oversees BFA's team of delivery specialists. His areas of focus include financial health, customer segmentation, product design, digital financial services, digital transformation of incumbents and fintech partnerships. He has worked on projects such as the Catalyst Fund, GAFIS, FIBR and OPTIX, and with partners in Latin America, East and West Africa, and South and South East Asia.

Prior to BFA, he worked at a Boston-based financial services company focused on emerging markets, an impact investment firm in Los Angeles and microfinance institutions in Bangladesh. Ashirul has a PhD and MALD in Development Economics from The Fletcher School at Tufts University and a BSE in Computer Science with a focus on Artificial Intelligence from Princeton University.

Publications by this author

Four ways I would love to see Generative AI mature in 2024
Artificial Intelligence |

Four ways I would love to see Generative AI mature in 2024

Arguably, 2023 was a year that showcased two of the most creative phenomena in recent times: Taylor Swift and...

By Ashirul Amin PhD
Operationalizing financial health: Experiences from Vietnam
Financial Health |

Operationalizing financial health: Experiences from Vietnam

A leading microfinance institution (MFI) in Vietnam, Capital Aid for Employment of the Poor (CEP), is at the forefront...

By Benjamin Mazzotta PhD
Measuring the Financial Health of Gig Workers in China
Digital Financial Services |

Measuring the Financial Health of Gig Workers in China

The growth of digital platforms has created new employment opportunities for workers globally that did not exist before. Despite...

By Dr. Xiugen Mo
Zambian micro- and small enterprises during COVID-19: Wave One Findings
Livelihoods and Microenterprise |

Zambian micro- and small enterprises during COVID-19: Wave One Findings

Zambia recorded its first case of COVID-19 on March 18 and took early action to contain the spread. As...

By Veethi Vyas
Snapshot of financial health during peak COVID-19
Financial Health |

Snapshot of financial health during peak COVID-19

We are two and a half months into the global Coronavirus crisis. Confirmed cases exceed seven million, and at least...

By Ashirul Amin PhD
Hustlers: Entrepreneurs whose success we can bank on!
Livelihoods and Microenterprise |

Hustlers: Entrepreneurs whose success we can bank on!

Originally posted on FSD Kenya website, June 08, 2020 A little over a month ago, we confirmed an exciting...

By Ashirul Amin PhD
Predicting the propensity to succeed among Kenyan “Hustlers”
Livelihoods and Microenterprise |

Predicting the propensity to succeed among Kenyan “Hustlers”

Originally posted on FSD Kenya website, March 23, 2020 Shujaaz Inc is network of social ventures based in Nairobi....

By Ashirul Amin PhD
Guía de Sugerencias operacionales en tiempos del COVID-19
Financial Health |

Guía de Sugerencias operacionales en tiempos del COVID-19

La guía de Sugerencias operacionales busca apoyar a las cooperativas a prepararse para responder a la crisis...

By Ashirul Amin PhD
The impact of COVID-19 on financial lives in eight countries, over two weeks
Financial Health |

The impact of COVID-19 on financial lives in eight countries, over two weeks

Protracted battles continue to rage across the world against the invisible enemy of COVID-19, as countries enforce restrictions on...

By Ashirul Amin PhD
Open-sourcing survey instrument for “COVID-19 and Your Finances” in English and Spanish
Financial Health |

Open-sourcing survey instrument for “COVID-19 and Your Finances” in English and Spanish

In order to conduct a rapid assessment of the impact of COVID-19, BFA Global deployed a “dipstick” online survey...

By Ashirul Amin PhD
How Financial Health Is Transforming BFA Global’s Work in 2020
Financial Health |

How Financial Health Is Transforming BFA Global’s Work in 2020

Genesis of Financial Health as a Concept Financial health (FH) has become a core topic in the financial inclusion...

By Ashirul Amin PhD
Digital pathways to inclusive growth: BFA Global’s next generation of work in livelihoods
Livelihoods and Microenterprise |

Digital pathways to inclusive growth: BFA Global’s next generation of work in livelihoods

The new economy presents opportunities and risks for digital workers Our excitement about digital platforms is grounded in their...

By David Porteous PhD
The Truthalizer
Livelihoods and Microenterprise |

The Truthalizer

The Truthalizer is an evaluation tool that will allow any adopter of a machine learning model to gauge whether...

By Ashirul Amin PhD
Robbing Peter to lend to Paul
Digital Financial Services |

Robbing Peter to lend to Paul

  Our friends at MicroSave Consulting recently published a detailed, timely study on the state of digital credit in...

By Ashirul Amin PhD
Keeping Machine Learning Honest! The need for the truthalizer
Digital Financial Services |

Keeping Machine Learning Honest! The need for the truthalizer

Machine learning (ML) provides institutions with predictive analytics that leverage large amounts of both historical and continually-generated data to...

By Ashirul Amin PhD
How Artificial Intelligence Can Simplify International Development Research: An Intriguing Experiment
Artificial Intelligence |

How Artificial Intelligence Can Simplify International Development Research: An Intriguing Experiment

  Anyone working in international development can spend large amounts of time trying to keep up with news about...

By Jacob Rosen
Una aplicación digital, una conversación y una nueva cuenta: un novedoso enfoque desde el cual discutir y crear depósitos a plazo a medida

Una aplicación digital, una conversación y una nueva cuenta: un novedoso enfoque desde el cual discutir y crear depósitos a plazo a medida

  “¿Cuánto dinero cree la gente que debe tener ahorrado para casos de emergencia? ¿Es ese monto distinto al...

By Ashirul Amin PhD
An App, a Conversation and a New Account: A Novel Approach to Talking About and Tailoring Term Deposits
Digital Financial Services |

An App, a Conversation and a New Account: A Novel Approach to Talking About and Tailoring Term Deposits

Reverse engineering the loan officer-client conversation provides key insights “How much money do people typically imagine they should have...

By Ashirul Amin PhD
Gallup Survey Shows Financial Security and Control Rises with Financial Inclusion, But Not Equally or for All
Financial Health |

Gallup Survey Shows Financial Security and Control Rises with Financial Inclusion, But Not Equally or for All

In the pursuit of solutions to persistent...

By Ashirul Amin PhD
‘Cross-sell Done Well’: How One Finance App Found a Balance Between Digital and Human Touch

‘Cross-sell Done Well’: How One Finance App Found a Balance Between Digital and Human Touch

  Field officers at Sajida Foundation, an NGO and microfinance provider in Bangladesh, are constantly on the go. They...

By Ashirul Amin PhD
Is Mobile Money Killing Off the Group Microfinance Model (And Would That Be Such a Bad Thing)?
Digital Financial Services |

Is Mobile Money Killing Off the Group Microfinance Model (And Would That Be Such a Bad Thing)?

  In the summer of 2017, SAJIDA Foundation, an NGO and microfinance provider in Bangladesh, made a bold decision...

By Ashirul Amin PhD
Potential for Mobile Money in Vietnam
Digital Financial Services |

Potential for Mobile Money in Vietnam

Co-authored with Ashirul Amin & Laura Cojocaru   Early adopters in Ho Chi Minh City embrace payments but mobile...

By Kelly Nguyen
Machine Learning Meets Credit Scoring: How it Can Help Reduce Loan Delinquency Costs
Inclusive Fintech |

Machine Learning Meets Credit Scoring: How it Can Help Reduce Loan Delinquency Costs

In a previous analysis, we laid out the machine learning process we conducted for Destacame.cl, a company of the...

By Ashirul Amin PhD
How SAJIDA Foundation Practically Doubled Customer Uptake of Savings Accounts Using Evidence-Based Redesign
Financial Health |

How SAJIDA Foundation Practically Doubled Customer Uptake of Savings Accounts Using Evidence-Based Redesign

Afsana works at a garment factory in Dhaka and has two young daughters. She recently opened an Astha term...

By Ashirul Amin PhD
Mobile Money Meets Microcredit: Creating an Evidence-Based Cross-Sell Strategy
Digital Financial Services |

Mobile Money Meets Microcredit: Creating an Evidence-Based Cross-Sell Strategy

By Kristy Bohling and Kelly Nguyen Financial institutions, including those serving low-income clients, regularly turn to cross-selling to engage...

By Ashirul Amin PhD