Technology has irreversibly redefined the way we interact with money. Transformative ideas and innovations, many emerging in the wake of the 2008 financial crisis, are spreading faster and more impactfully than ever before. Yet this is a story that remains largely untold. Despite their success, even the innovations of many of the world’s most prominent “FinTech” unicorns remain largely unknown concepts in the minds of everyday consumers and business owners. This series, Innovation in Finance, is a first attempt at resolving this discrepancy.
Below you will find a series of films that bring to life a carefully selected set of individual technological revolutions taking place across the global financial sector. Each of the projects showcased seeks to solve problems faced by groups and communities in managing fundamental financial products and processes. While often quite complex innovations, we have sought to focus on the individuals and communities they benefit as much as the technology involved. By translating the complex and the new into real-life stories told by real people, we hope this series helps its audiences understand better the world of financial technology and why it matters in 2020.
Making the Digital Economy Work for Everyone
When Lucy Njoki Njoroge opened a kiosk in an informal settlement on the outskirts of Nairobi, she lacked the credit to fully stock it. She often only had enough money to buy single packets of Omo laundry soap to sell to her customers. Stocking a 1-kilogram box of soap? Out of her reach.