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Tackling the Unbanked Problem With an Open-Source Approach
Manage episode 304889503 series 2922137
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In a world where cash remains king, access to critical financial tools remains a problem that's far from being resolved. How we progress in the journey towards digital money and reduced cash usage is one of the crucial questions we should ask ourselves to start addressing this issue. Unfortunately, for a multitude of reasons, prominent actors in financial services continue not to reach the underserved. So, what can be done to lower the costs and barriers to deploying financial underpinnings?
In this episode of After Hours by RedCompass Labs, Paula Hunter and Lesley-Ann Vaughan talk about why financial inclusion remains an unfinished project, how digital financial services are having a radical impact on the lives of many chronically underserved groups, and the reasons to stay optimistic about the emerging digital economy. Paula is the Executive Director and Lesley-Ann is responsible for Product Strategy at Mojaloop Foundation, the open-source software for financial services companies, government regulators, and others taking on the challenges of interoperability and financial inclusion.
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