5min chapter

Fintech Insider Podcast by 11:FS cover image

661. Insights: Can embedded finance bank the unbanked?

Fintech Insider Podcast by 11:FS

CHAPTER

FinTech and the Global Cost of Living Crisis

I completely agree for me one of the problems right in this context with how the banking model is set up today is that it seems to be an awful lot easier to get into debt and then into problem debt than it is to actually build wealth. I think we also flip on its head the whole idea about when you say you know financial inclusion and why it's important right now. We often think about economic growth trickling down to households but a global pandemic showed that Financial stability was actually the bedrock of broader economic growth or lack of it. The first era of FinTech that is disruptive to old models of both revenue and service in terms of who might be served better.

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