Financial Inclusion

The financial services industry has much to contribute to the UN and World Bank goal of full financial inclusion by 2020. This group will focus on industry contributions, ideas, barriers and enablers.

Michael Ault CEO at UTP Group

Why financial inclusion needs to reach excluded cash-heavy sole traders

While we applaud efforts to promote financial inclusion and encourage uptake of non-cash payments in the wake of the Covid-19 pandemic, the financial industry and government bodies need to remember a crucial sector of society that’s in danger of being left behind – the small businesses that are the backbone of any nation’s economy. There are curre...

17 June 2021 /payments /inclusion

Lisa Fretwell Managing Director of Data Services at Experian

Comparison services can help the financially excluded get access to affordable credit

Covid-19 has had a profound financial impact on everyone, with 40% of people experiencing a pandemic-related income shock. While some can fall back on their savings or access credit to soften the blow, it can be much more damaging for those who are financially excluded. This consequence can be severe and far-reaching – affecting someone’s educatio...

12 April 2021 /people /inclusion

David Fagleman Director at Enryo

What does 2021 have in store for cash?

For the best part of the past decade the use of cash for day-to-day transactions has been declining as people became more confident using Chip & Pin, contactless and mobile options, as well as increasingly opting for online shopping in favour of the high street. According to UK Finance, cash accounted for 20.4bn transactions in 2010 (c.58% o...

13 January 2021 /inclusion /predictions

Retired Member 

Transforming payments for vulnerable people

COVID-19 has rapidly accelerated digitisation of the customer experience, particularly with respect to how consumers shop, pay and bank. The shift to digital channels has been an important lifeline for many consumers, providing access to essential products and services during a time when physical contact must be significantly reduced or eliminated...

18 December 2020 /inclusion /covid-19

David Fagleman Director at Enryo

Access to Cash Review - legislation is needed to ensure people aren’t left behind.

On November 25th, the government’s call for evidence into plans to protect access to cash closed for submissions. The centrepiece of the proposals involved a change in legislation to allow cashback to be offered at shops without consumers having to make a purchase, as well as making the Financial Conduct Authority responsible for ensuring the cas...

08 December 2020 /payments /inclusion

David Fagleman Director at Enryo

Access to Cash Review - legislation is needed to ensure people aren’t left behind.

On November 25th, the government’s call for evidence into plans to protect access to cash closed for submissions. The centrepiece of the proposals involved a change in legislation to allow cashback to be offered at shops without consumers having to make a purchase, as well as making the Financial Conduct Authority responsible for ensuring the cas...

07 December 2020 /payments /inclusion

Amita Choudhary Marketing Manager at Princeton Growth Accelerator

New American Silver Eagle Bullion Design Coming in 2021

Investors and coin collectors now have something to look forward to. In early October, the US Mint unveiled the design of the new American Eagle Gold and Silver coin designs, which will come to market in 2021. This includes bullion and collector versions of the coin. Bullion coins are one of the easiest ways for everyday consumers to invest in and...

03 December 2020 /markets

Konstantin Rabin Head of Marketing at Kontomatik

High-Frequency Trading and its future in finance

High-frequency trading is a financial innovation that deals with the use of computer software tools to carry out numerous transactions at the drop of a hat. It is a fintech and is also known as HFT. It employs the use of complicated algorithms to investigate different business sectors and carry out orders depending on market conditions. Commonly, ...

28 September 2020 /inclusion /markets

Konstantin Rabin Head of Marketing at Kontomatik

9 Ways Fintech Companies Build Trust With Users
Alt: How to Convince Consumers to Trust Fintech

When it comes to financial technology, trust is everything. You wouldn’t hand your wallet to a stranger, just as you wouldn’t share your financial details with just any digital application. Your users think the same way. Before they use a fintech service, they want to know: Can I trust it? What safeguards are in place to keep my money safe? Will t...

12 August 2020 /startups /inclusion

Konstantin Rabin Head of Marketing at Kontomatik

Russia bans cash deposits to anonymous online wallets

Illegal financial activities are some of the most common issues the governments of different countries have to face and that is why there are more and more new ways and methods of dealing with this issue used by authorities in order to combat this form of illicit activity. Russia is none of the exceptions and is a hub of financial scams. And now t...

06 August 2020 /payments /regulation