Economic inclusion and the role of financial technology
Monday, November 14, 2016 // 6:30 PM - 9:00 PM
New York, NY
Join Matt Harris and Jalak Jobanputra for a small dinner of innovators and friends for networking and discussion around how FinTech is becoming an enabler of economic inclusion.
In addressing previously excluded consumer demographics, the industry is in a position to drive innovation and economic and social change. According to the World Bank Group (WBG), an estimated 2 billion adults, or 42% of the global adult population, are absent from the formal financial system. Therefore, even modest strides in achieving economic inclusion present the single largest addressable opportunity in FinTech.
Even as Q2 Fintech investment declined by 21% versus Q1, this underbanked is Fintech’s largest opportunity – that is if politicians and regulators allow a robust ecosystem to grow. Massive opportunity remains. To put this into perspective, trillions of dollars in payments that are quickly migrating to smartphones. This is alongside the impending $30 trillion in wealth that will be transferred to bank-averse Millennials over the next several decades.
We will discuss these trends over great food and drink. See everyone on November 14th!
LocationZuma. 261 Madison Ave, New York, NY 10016