Marion Labouré shares 5 key insights from her new book with co-author Nicholas Deffrennes, “Democratizing Finance: The Radical Promise of Fintech”.
Financial technology, or Fintech, is a global equalizer that can reduce inequalities between countries that emerged during the first Industrial Revolution. In developing countries, Fintech provides access to basic banking, payment, and insurance services, which are essential for helping people escape poverty traps. In developed countries, Fintech can also have an equalizing impact by offering new investment tools to the middle class and alternative loan solutions to the underserved.
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