My first blog post on Huffington Post, “Fintech for Good” – slightly edited version below…
Back in 2009, a global consortium of researchers published a report with a provocative title, “Half of the World is Unbanked”. Five years later, the numbers had already dropped by 20%. Yet close to 2 billion adults globally still do not have access to formal financial services. They remain financially disconnected, without opportunities to increase their incomes, unable to securely save for a rainy day or borrow to improve their lives.
Even basic financial products and services remain out of reach for these people. An illness, accident or a death in the family can spell disaster for their financial situation and cause powerful shocks to their daily lives. These hundreds of millions are effectively locked out of a world which you and I take for granted. It does not have to be so.
Global Themes 