Around the world, an estimated 2 billion people lack adequate access to financial services. The poor, women, and people in rural areas are hardest hit. The financially excluded have little to no tools to send payments, save, insure and borrow. This makes it hard to prepare for life’s most basic events, let alone unforeseen challenges.
But thanks to new technology, the unprecedented advent of transactional and behavioural big data and greater collaboration between stakeholders, there is a now realistic opportunity to reach the financially excluded.
