Financial Inclusion is a lie /w Emmanuel Daniel
Description
The term “financial inclusion” as described by the fintech industry is a lie, says Emmanuel Daniel, in his recent book “The Great Transition – the personalization of finance is here”. Emmanuel Daniel is the award-winning founder of The Asian Banker and Wealth and Society.
He argues that the phrase was forcibly requisitioned by the platform players because it suited their business model of onboarding millions of customers and then monetizing them. He points out that the way that technology players are funded by venture capitalists today does not allow them to create a viable business model to succeed in financial inclusion.
What will you learn:
Why is Financial Inclusion a lie?
What are the potential consequences of financial inclusion that is wrongly applied?
What then should be the goal of “financial inclusion”
United States
