Digital transformation describes the profound change that digital technologies are bringing about in almost all areas of life and work. It includes

• the introduction and use of new digital systems and processes,
• the automation of workflows,
• the modernization of communication,
• improved access to information and services.

It also opens great opportunities for international cooperation: education becomes more accessible, financial services become simpler and institutions work more effectively.

German Sparkassenstiftung sees the digital transformation as an important driver of economic and social development. It supports partner institutions in its project countries – particularly in Africa, Asia and Latin America – in making the best possible use of digital opportunities and further developing their existing strengths.

Digital transformation in the financial sector: growth and inclusion through digitalization

DSIK works closely with financial institutions and FinTech start-ups to develop user-friendly and secure digital platforms that are adapted to local needs and give broad sections of the population access to financial services for the first time. Digital technologies such as mobile payments and digital loans create new opportunities, particularly in regions without a nationwide banking network: in rural areas, people can use their smartphones to send money, save or take out loans securely – and thus improve their financial participation.

DSIK uses e-learning platforms, interactive webinars and digital training modules to impart knowledge in the field of financial management and entrepreneurship – regardless of time and place. In this way, digital technologies make educational programs more flexible and accessible. Particularly in remote regions, people benefit from practical and interactive learning formats that offer quickly applicable knowledge.

These digital educational offerings are closely linked to DSIK’s practical project work. This includes:

• Apps for basic financial knowledge,
• Digital programs with start-ups and local financial institutions,
• E-learning platforms co-developed by DSIK,
• Development of core banking systems,
• hackathons,
• monitoring systems for project management,
• Business games that promote entrepreneurial skills interactively.

Through targeted training, DSIK ensures that these technologies not only increase the efficiency of the projects but are also integrated into the work of the partner institutions in the long term. In this way, digital solutions contribute to both individual training and the development of sustainable structures.

A look into the future

The German Sparkassenstiftung promotes digital transformation by connecting people, creating opportunities, and strengthening institutions. With its expertise and commitment, DSIK actively shapes this change and develops sustainable digital structures that last far beyond project durations. Together with its partners, DSIK ensures that digital solutions have a lasting impact – promoting financial inclusion and contributing to a fairer world.