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Financial Services Working Group Image

Financial Services Working Group

Financial Services Working Group

The Financial Services Working Group (FSWG) produces resources and trainings that (1) set and promote industry standards in financial performance measurement and monitoring, (2) increase the financial management skills of SEEP members and partners, and (3) promote awareness of new developments in microfinance institutions' products and management.

FSWG also oversees the Microfinance Reporting Standard Initiative. This initiative seeks to put forth a process and permanent coordinating body for establishing financial reporting standards that can be agreed upon by stakeholders.

Mobile Financial Services 

The FSWG is currently developing a mobile financial services (MFS) risk management guide for microfinance institutions (MFIs). This comprehensive guide will help MFIs to better comprehend and assess the risks of MFS for their institutions and the potential impact on their clients.  MFIs will be able to create mitigation strategies that avoid common pitfalls and unforeseen dangers often associated with electronic-based transactions. Some of the topics to be covered will include: protection of assets, security of transactions, prevention of fraud, protection of client privacy and compliance with laws and regulations that are applicable to mobile financial services.

Get Involved

The Facilitator for the Financial Services Working Group is Terry Isert. Working group members must be staff of SEEP Network institutional members. Click here to find out how you can contribute.

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