Great Expectations: Fintech and the Poor


Each year, I find myself reflecting on the progress we have made on financial inclusion, but also on the challenges ahead and how we as CGAP can contribute towards tackling them. This question came into sharp focus for me in the closing months of 2018, when I attended two events focusing on fintech – the Singapore Fintech Festival and IFC's annual meeting of its fintech investees. There is an incredible amount of excitement around fintech. I met people working on insurtech, payments, reverse factoring platforms, blockchain-based identity solutions, digital micropensions, marketplace lending platforms, digital credit, e-commerce, regtech, suptech, artificial intelligence, machine learning…literally, everything under the sun. There is so much energy, creative thinking and money going into this space, it is breathtaking.