{"id":10830,"date":"2018-09-17T12:06:52","date_gmt":"2018-09-17T12:06:52","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=10830"},"modified":"2018-09-17T12:06:52","modified_gmt":"2018-09-17T12:06:52","slug":"arab-financial-inclusion-prize-encouraging-fintech-to-help-the-unbanked","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/arab-financial-inclusion-prize-encouraging-fintech-to-help-the-unbanked\/","title":{"rendered":"Arab Financial Inclusion Prize encouraging FinTech to help the unbanked"},"content":{"rendered":"<p>Although there have been many exciting advancements to further financial inclusion in the Arab world in the last 15-20 years, 60% of the adult population in the region\u2019s developing countries remain unbanked, and serving this population is essential for strong economic growth as well as to help resolve ongoing social issues such as inequality, unemployment and civil strife.&nbsp;To help solve this, the Arab Financial Inclusion Prize was created. With the goal of getting business-minded, forward-thinking people to start considering how to provide financial services more efficiently and in a way that reaches more people, the Prize stresses the importance of using FinTech\u2019s seemingly endless possibilities. Prize creators hope that this initiative will inspire FinTech growth in every sector within the Arab world, resulting in increased financial inclusion and reduced costs of services. Moreover, they hope that FinTech innovations will also serve as a catalyst for revamping government regulations and bringing them in line with modern realities.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-10830 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Banks must embrace fintech to survive'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/banks-must-embrace-fintech-to-survive\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/people-standing-together-in-shape-of-an-arrow_3446-294-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8578\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/people-standing-together-in-shape-of-an-arrow_3446-294-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/people-standing-together-in-shape-of-an-arrow_3446-294-300x300.jpg 300w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/people-standing-together-in-shape-of-an-arrow_3446-294.jpg 626w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8578'>\n\t\t\t\tBanks must embrace fintech to survive\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='The beginning of the open banking era in the UK'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/the-beginning-of-the-open-banking-era-in-the-uk\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/the-beginning-of-the-open-banking-era-in-the-uk-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13057\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13057'>\n\t\t\t\tThe beginning of the open banking era in the UK\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Video: the threat of payment apps to U.S. banks'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-the-threat-of-payment-apps-to-u-s-banks\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/08\/U.S.-Banks-Are-Terrified-of-Chinese-Payment-Apps-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13477\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13477'>\n\t\t\t\tVideo: the threat of payment apps to U.S. banks\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Although there have been many exciting advancements to further financial inclusion in the Arab world in the last 15-20 years, 60% of the adult population in the region\u2019s developing countries remain unbanked, and serving this population is essential for strong economic growth as well as to help resolve ongoing social issues such as inequality, unemployment &hellip;<\/p>\n","protected":false},"author":5,"featured_media":11006,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[49,335],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/10830"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=10830"}],"version-history":[{"count":4,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/10830\/revisions"}],"predecessor-version":[{"id":11007,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/10830\/revisions\/11007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/11006"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=10830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=10830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=10830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}