Inclusive FinTech

Consumer finance is going digital and mobile. We need to make sure that millions of families share in the benefits and aren’t left behind. FinTech can lower costs and enable undeserved families with the tools to navigate a complex and sometimes treacherous financial world without the resources of wealthier households. Nonprofits and public sector organizations around the world have provided financial counseling and other services at little or no cost to help families but these organizations need to adapt to a digital world.

Adam Preis Global Strategist at Ping Identity

Tackle Universal Digital Vulnerability With Modern Identity: Leave No One Behind

Albert Einstein once said “we cannot solve our problems with the same level of thinking that created them.” Nowhere is this more true than in the digital world that forever moves at the speed of light. Rapid advances in technology have given us the ability to spend, borrow, and invest money at a touch of a button. FinTech innovation has grabbed ou...

03 May 2023 /inclusion /identity

Yahya Mohamed Mao Head of Business Development & Marketing at Swiss GRC

How Fintechs Tackle Social Concerns To Reach Unbanked Communities

While today's world is becoming increasingly cashless, it is hard to imagine living without a bank account. Banking is considered a safe and stable way to manage its finances. Alternative financial services are interpreted as exploitative and risky. As policymakers continue to emphasize the role of financial institutions in the poverty reduction, ...

30 September 2021 /people /inclusion

Jaime Lowe Sales Director at UTP Group

The move to eCommerce platforms and what it means for SMEs

For centuries, payments and how people make and receive them, barely changed. It wasn’t until the first set of computers were plugged into a budding technology known as the internet that talk of real evolution began. Fast-forward to today, and the payments ecosystem is unrecognisable. £3 in every £10 is spent online, contactless payments account ...

23 September 2021 /payments /predictions

Payson Johnton CEO and Co-Founder at Crowdz

Smarter risk assessment is key to drive equitable financing for SMBs

As businesses across the nation continue to swim against COVID-19’s economic tsunami, we’re beginning to see a new trend emerge from companies who have fared well (or thrived): social impact financing. This new wave of corporate social responsibility (CSR) is a simple way to drive tangible support outcomes for struggling businesses, rather than re...

12 February 2021 /regulation /inclusion

Payson Johnton CEO and Co-Founder at Crowdz

Trustworthy Risk Assessment and Sustainable Financing is Key to SMB Recovery

Integrated, tech-based risk assessment capabilities provide an ethical and sustainable infrastructure to ensure financial responsibility, and allow small-to-medium businesses to access vital recovery financing despite a challenging and turbulent economic landscape. The world and its economies are in the midst of the fastest transformation ever ex...

14 December 2020 /regulation /covid-19

Tim Duncan Founder/CEO at FinTechCommons.org

Automated Redlining in 2020 - Is Tech Systemically Biased?

The Covid-19 health and economic crisis has expanded and accelerated our adoption of technology at a rate never seen before. We are finding ourselves in a place that might otherwise have taken years to get to and are just starting to become aware of the implications. The crisis is also showing us that while technology can move us forward in lea

04 August 2020 /sustainable /inclusion

Tim Duncan Founder/CEO at FinTechCommons.org

Speed and Scale: The End and Beginning of Inclusive Finance

The Private, Public and Impact Sectors Join Forces for AI for Good Close to 4,000 people are expected to attend the 2020 United Nations AI for Good Summit in Geneva. Senior executives from impact organizations and major companies and high-ranking government officials from around the world will gather in May to further the use of artificial intel...

27 February 2020 /regulation /inclusion

Tim Duncan Founder/CEO at FinTechCommons.org

FDIC Issues New Rule With Significant implications to Inclusive Fintech and Nonprofits

Summary: Last week the FDIC announced that it was issuing a new rule that will modify two definitions in the regulations regarding deposits that are facilitated by third parties to banks and other insured depository institutions (“IDIs”). Given that the new OCC “Fintech Bank Charter” is dead in the water, this may be the most important developm...

18 December 2019 /regulation /inclusion