Information and Communication Technology (ICT) has transformed the financial infrastructure worldwide. For example, Africa and other Emerging Markets have utilised ICT-based financial services to enable the delivery of innovative, inclusive, affordable and instant financial products to the poor and vulnerable groups. Digital financial services have helped to bridge gaps in physical banking infrastructure. For traditional financial services and the nascent financial technology i.e. FinTechs, the digital infrastructure has enabled the establishment of closer relationships with customers and the creation of tailored offerings. Customers have benefited from more personalised, secure and affordable financial services. In addition, governments are developing universal financial systems that are vital to sustainable and inclusive growth.

HiPipo is a long-established champion of digital innovation and financial inclusion activities. For example, we delivered a successful Season Two of the 40 Days 40 FinTechs initiative, a premier financial inclusion event. The 40 Days 40 FinTechs initiative offers participants useful tools, such as Mojaloop, and guidance from Level One Project foundational material. The skills gained at the event cover Level One Project Principles, Instant and Inclusive Payment Systems (IIPS), inclusive finance and FinTech in general. Season Two of 40 Days 40 FinTechs covered topics such as Robo-advisor, Payments, RegTech, InsurTech, lending, crowd funding, neo-banking, cryptography, cryptocurrency, Interledger, Blockchain, cross-border payments, remittances, retirement schemes and new ways of operating bonds. Furthermore, the event discussed interoperability, big data, artificial intelligence, deep and thin learning, automated Customer Relationship Management, technology for cash management, lending platforms (formal banking or peer-to-peer), super apps, financial literacy, distributed ledger technology, payment aggregation, amongst others. All are contributing to the goal of a globe that’s fully financially inclusive.