Latam - UK Programme
Fintech can widen financial inclusion exponentially. According to the Inter American Development Bank, 46% of the adult population in Latin America did not have a bank account in 2017. Likewise, over 1 million people in the United Kingdom reported having no bank account. Advancing financial inclusion is a critical priority in both regions and can accelerate 13 out of the 17 Sustainable Development Goals set by the United Nations.
We jointly organised the 2020-2021 Fintech for Inclusion programme with Global Shapers Buenos Aires Hub, the Accelerator Lab of the United Nations Development Programme in Argentina and the United Nations Volunteering Programme. Over 90 participants and 22 mentors representing Latin America and the UK attended it.
Loans and Microcredits: solutions that aim to increase the financial resources of those who need it to maintain their livelihoods. Some recent examples include: micro-credits, crowdlending, and many more.
Savings and Investments: solutions that aim to increase the financial resources of people and/or organisations. Some recent examples include: fixed-term savings, crowdfunding, stocks, and many more.
Payment methods: solutions for people and/or organisations that allow the exchange of goods. Some examples include: credit cards, pins, QR codes, facial recognition, fingerprints, and many more.
Financial Education: teaching or assisting, through consulting for personal or enterprise purposes.