Let us work together to create financial inclusion for the future generations
Its all happening very fast. Several conditions have colluded together to create a huge leap in DeFi proliferation in the market.
Though Banks are known for slow adoption in technology, they are increasingly looking to innovate for the sake of customer experience.
- With Embedded Finance, AI and Data science, non financial companies now have capabilities to help their loyal customers by studying their behaviors.
- Smart Contracts has the potential to establish new hierarchies when it comes to offering financial products.
- Individuals are taking steps to avoid penalties of the looming hyper-inflation and other deflationary scenarios.
- As unconventional asset classes such as cryptocurrencies are utilized within DeFi, it is still at an early stage and no one knows how future regulations would affect this industry.
- With regulated DeFi gaining traction, Peer-to-Peer lending and Micro Finance still remain largely out of the hands of traditional Financial institutions
Financial inclusion is something that cannot be solved by commercial institutions alone. As they say, It needs a village to build this ecosystem for the sake of the customer.
