FinTechs Go Borderless
Libby Kearney, Denizen
Country-specific regulations, currencies and settlement times effectively halt the free flow of money around the world. Despite technology making the world flat for commerce, limitations add time, stress and fees for global populations, especially immigrants and refugees in unfamiliar lands. Today many fintech upstarts are shaving off pieces of traditional bank business by offering one-off services for wire transfers and remittances to address the need. Denizen proposes that banks and fintechs explore the opportunity to offer broader, platform-level solutions that serve the new global citizen. In this way, providers can effectively span borders while opening a path for the world’s underserved to join the financial mainstream. This conversation will focus on emerging technologies and new regulations that make a global approach to banking more attainable than ever before, empowering individuals and driving towards a zero fee model future. Attendees will walk away with a playbook for how to broaden their own efforts and an understanding of how newly mobile global populations should be equitably served.
#Borderlessbanking #Refugees #Global Citizen #Financial Inclusion
Joaquin Ayuso, CEO, Denizen
Dickson Chu, BBVA Nova Credit
"The Future of Global Banking for Consumers," International Banker: https://internationalbanker.com/banking/the-future-of-global-banking-for-consumers/ "Denizen launches first account with fee-free cross-border payments," Financial Times: https://www.ft.com/content/cf1478ac-2e6b-11e8-9b4b-bc4b9f08f381