While it’s relatively easy to access financial services in urban areas, a large proportion of the population in rural India and other developing economies face challenges accessing basic banking services such as depositing money or securing credit.
There is no doubt that financial inclusion is a key driver behind reducing poverty. Access to affordable financial services has been directly linked to a reduction in poverty, in addition to benefits such as empowering specific demographics and sections of society, increasing investment in small business, raising productivity and incomes, and generating investment in social infrastructure.
As a global market leader in financial technology, FIS is recognised worldwide by bank start-ups and other financial institutions looking to disrupt traditional financial services. From app-only banks and micro ATMs to mobile access and more, FIS has completely reinvented the way consumers interact with their banks and financial institutions, bringing financial access to more people, thus showing their commitment towards empowering India’s financial world.
Developing Innovative Solutions for Financial Inclusion
In 2015, FIS announced this Lab, conceptualised to work with the Indian government and its agencies, banks, entrepreneurs, leading infrastructure providers and non-profit groups, to provide banking and financial literacy throughout India. Based in Bangalore, the Lab is developing innovative solutions that increase access to banking technology for unbanked and underserved customers.
Diese Geschichte stammt aus der May 2017-Ausgabe von Banking Frontiers.
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Diese Geschichte stammt aus der May 2017-Ausgabe von Banking Frontiers.
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Swedbank leverages data to the hilt
Sweden's Swedbank takes innovation to a different level by collaborating with other competing banks:
Digitization is for customer satisfaction, says Argenta Bank
Belgium's Argenta Bank has designed its digitization efforts to enhance customer experience:
Speed, Safety, Compliance
Brijesh Samantaray, Co-founder, Propelld shares the current trends in the education loans how the company is leveraging technology:
Unique methods in fraud perpetration
When we look at some of the very serious frauds that had taken place in the financial realm, it is evident that the perpetrators are somewhat ingenious:
NBFCs: Elevating Organizational IQ
What is more important than hiring smart people is raising organizational IQ. This topic was discussed in depth in a panel discussion at NBFC's Tomorrow conclave organized by Banking Frontiers. Edited excerpts:
Trustful Transformation
Transformation is no longer only about growth & efficiency. It involves aspects like compliance, security and explainability that are impacting NBFCs. These issues are explored in this panel at NBFC's Tomorrow:
CEO Panel: Connecting Traditional Wisdom with Modern Intelligence
Banking Frontiers organized its annual NBFC Conclave titled NBFC's Tomorrow in August 2024 at Mumbai. Highlights of the first panel discussion:
NBFCs EXPERIENTIAL EVOLUTION, TRUSTWORTHY TRANSFORMATION
Banking Frontiers organized NBFC's Tomorrow, its annual NBFC Conclave, in Mumbai on August 21. The program comprised panel discussions on 5 upcoming opportunities for the NBFC sector, along with presentations, fireside chats and a keynote address. Edited excerpts from the conclave:
Smart ATMs - an indication of a resurgence
Smart ATMs can be the future way of how one may be interacting with a bank and doing transactions:
Personalization scores with HNWI & YP
Ghulam Haidar Rasooli, Chief Financial Officer at Afghanistan based Ghazanfar Bank, reveals the impact of personalization and future roadmap: