There still remains millions of people in developed countries like the UK and US who remain outside the traditional banking system. But as technology improves and access to alternative forms of data becomes available many more people are becoming financially included for the first time. This is being made possible by the work of innovative fintech companies focused on this problem. Source.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.