{"id":11021,"date":"2018-09-24T08:13:15","date_gmt":"2018-09-24T08:13:15","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=11021"},"modified":"2018-09-24T08:13:15","modified_gmt":"2018-09-24T08:13:15","slug":"how-fintech-is-helping-the-unbanked-and-underbanked","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/how-fintech-is-helping-the-unbanked-and-underbanked\/","title":{"rendered":"How FinTech is helping the unbanked and underbanked"},"content":{"rendered":"<p>For many around the world (especially those in rural areas), access to financial services represents a major problem; however, FinTech is bridging that gap and helping more and more consumers access them. Here a few ways FinTech is helping the unbanked and underbanked access financial services in 2018:<\/p>\n<ul>\n<li><strong>Online lending<\/strong> \u2013 online lending has enabled almost anyone with an internet connection the ability to access financial services. Moreover, FinTech\u2019s innovative approaches to decision-making also allows those with little or no credit histories to demonstrate their creditworthiness through other factors such as income, employment stability, bank account history and length of residence.<\/li>\n<li><strong>Online banking<\/strong> \u2013 beyond just lending, online and mobile banking offer consumers the ability to remotely access a full range of banking services previously only available at branch locations.<\/li>\n<li><strong>Business banking integration<\/strong> \u2013 much as with individual consumers, FinTech has also allowed remote businesses the opportunity to easily access financial services through apps and the internet. Furthermore, FinTech also allows businesses to streamline their accounting and financial operations and even remotely apply for small business loans.<\/li>\n<\/ul>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-11021 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Blockchain technology: a significant opportunity for Georgia'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/georgia-blockchain-technologies-provide-significant-opportunity-to-innovate-improve-services-for-citizens\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/06\/creative-bitcoin-design_23-2147794972-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10205\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/06\/creative-bitcoin-design_23-2147794972-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/06\/creative-bitcoin-design_23-2147794972-300x300.jpg 300w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/06\/creative-bitcoin-design_23-2147794972.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-1-10205'>\n\t\t\t\tBlockchain technology: a significant opportunity for Georgia\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='IoT and the next level of customer engagement'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/iot-and-the-next-level-of-customer-engagement\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/12\/iot-and-the-next-level-of-customer-engagement-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-11921\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11921'>\n\t\t\t\tIoT and the next level of customer engagement\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor (August 2023)'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-august-2023\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2023\/08\/7ad99343-f644-aabb-b767-6259099e82fd1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-17279\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-17279'>\n\t\t\t\tBFC FinTech Monitor (August 2023)\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>For many around the world (especially those in rural areas), access to financial services represents a major problem; however, FinTech is bridging that gap and helping more and more consumers access them. Here a few ways FinTech is helping the unbanked and underbanked access financial services in 2018: Online lending \u2013 online lending has enabled &hellip;<\/p>\n","protected":false},"author":5,"featured_media":11040,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[196,77,35,129,287],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/11021"}],"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=11021"}],"version-history":[{"count":4,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/11021\/revisions"}],"predecessor-version":[{"id":11041,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/11021\/revisions\/11041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/11040"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=11021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=11021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=11021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}