FIS Financial Inclusion Lab: Bringing Innovation To Financial Inclusion

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.