FIS Financial Inclusion Lab: Bringing Innovation To Financial Inclusion
Banking Frontiers|May 2017

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.

FIS Financial Inclusion Lab: Bringing Innovation To Financial Inclusion

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.

Esta historia es de la edición May 2017 de Banking Frontiers.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición May 2017 de Banking Frontiers.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BANKING FRONTIERSVer todo
Finance gears up for festivities
Banking Frontiers

Finance gears up for festivities

BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:

time-read
4 minutos  |
October 2024
Non-cash transactions can touch a phenomenal level by 2028
Banking Frontiers

Non-cash transactions can touch a phenomenal level by 2028

Capgemini Research Institute’s World Payments Report 2025 highlights the era of account-to-account an instant payments:

time-read
3 minutos  |
October 2024
The Confluence of Artificial Intelligence and Cybersecurity: AI as the Game Changer
Banking Frontiers

The Confluence of Artificial Intelligence and Cybersecurity: AI as the Game Changer

In an increasingly interconnected world, safeguarding our digital assets has become paramount. Enter the dynamic duo: Cyber security and Artificial Intelligence (AI).

time-read
3 minutos  |
October 2024
A new trinity in digital lending space
Banking Frontiers

A new trinity in digital lending space

Three platforms in the lending space are poised to change the way lenders offer credit and borrowers access funds in India:

time-read
4 minutos  |
October 2024
Finance gears up for festivities
Banking Frontiers

Finance gears up for festivities

BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:

time-read
4 minutos  |
October 2024
Small MFI, International Engagements
Banking Frontiers

Small MFI, International Engagements

Mitrata Inclusive Financial Services in the midst of transformation growth

time-read
3 minutos  |
October 2024
MFIs: Big Impact Big Changes,
Banking Frontiers

MFIs: Big Impact Big Changes,

Even as MFIs are fueling economic growth for the underprivileged, what is interesting is that they are transforming themselves in areas like HR, technology, funding, leadership, collections, and more. Banking Frontiers presents the initiatives and initiatives at 9 such organizations:

time-read
3 minutos  |
October 2024
Climate Risk Forum for CROS
Banking Frontiers

Climate Risk Forum for CROS

Excerpts from a discussion on shaping the future of climate change resilience in India:

time-read
3 minutos  |
October 2024
Seamless Supply Chain Finance
Banking Frontiers

Seamless Supply Chain Finance

Deep insights emerge from this fireside chat at NBFC's Tomorrow Conclave.

time-read
6 minutos  |
October 2024
Star Health sees strong demand from the IT sector
Banking Frontiers

Star Health sees strong demand from the IT sector

Biju Menon, Chief Business Officer at Star Health Insurance, looks at the evolution of employee health insurance from multiple perspectives:

time-read
4 minutos  |
October 2024