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PUBLIC COMMENTS DOCUMENT | DATA STANDARDS FOR FINTECHS | COMMENT PERIOD NOW CLOSED
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This document is currently closed for public comments. Thank you for your input! Contact cmartin@themix.org with additional thoughts or to stay involved.
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MIX’s Fintech Data Solution will help unlock fintech investment by addressing information asymmetries.
The Data Solution will provide relevant data and benchmarks to fintechs, investors, donors, incubation hubs, and other ecosystem actors.

As a key input into the Data Solution, we are developing a set of Data Standards which includes:​

1. Categories to highlight individual fintechs and standardize basic information for the creation of benchmarks.
2. Performance KPIs for analysis + comparison, tiered to ensure that fintechs have control over who sees what data.
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Instructions
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1There are 5 worksheets in this excel, an overview of which are provided below under Row 13.
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2While you may review the sheets in any order that you wish, we suggest you review 'Inclusivity_Framework' after 'KPIs'.
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3In each worksheet, you can press the "+/-" on the left by the row number to see expand/contract options.
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4Add comments to any specific cell using the comment function. If you see a comment you agree with, you can simply add a +1 in response.
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Overview of workbook
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Sheet NameOverview of worksheet
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Profile This sheet is here for reference but can be skimmed over to priortize review of sheets 2 through 4.
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Categories10 total questions covering topics including product and model, stage of growth, target segment and focus areas
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KPIs3 Tiers, with KPIs (both observable and measurable) divided into 4 categories:
1. Customers and Growth
2. Profitability
3. Potential to scale
4. Risk Management and Customer Protection
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Inclusivity_. FrameworkTo demonstrate inclusivity, we have standardized a list of business solutions which address a market problem preventing financial access and/or use among a specific market segment.

Whether or not the business solution is on track to can be indicated by metrics that fintechs already gather.

Fintechs will be able to choose the business solutions (up to 3) that best describe their model, and then choose the metrics that they think best demonstrate success of that business solution.

The business solutions are divided into 3 pillars - Affordability, Accessibility and Appropriateness - based on BFA’s Triple A framework https://catalyst-fund.org/aaa-framework-4
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