Financial Inclusion in Emerging Markets
There is a large global population who are ‘underbanked’ and ‘unbanked’ and therefore unable to benefit from access to financial services. This is particularly prevalent in emerging markets where factors such as little or no credit scoring, client authentication processes and distance all come into play. Unquestionably, this is not only a missed opportunity for local populations but for financial services and businesses that have the means to fill the gap. Innovate Finance will convene a relevant group of our members to define the nature of the challenges, discuss solutions and identify the risks and considerations for implementation.
Stay tuned for more details.