Digital Financial Trends

The rollercoaster ride continues in the fintech world this month.  In fact, it seems to thrive on being a disruptor, and the change is constant. A lot of this change is driven by the wave of new innovations in mobile payments, app development and the significant shifts due to regulatory changes and political developments, especially in the EU and US.  Here's an overview of the most impactful developments/articles that have been published in May:

Exploring the Journey of Digital Currencies in the Banking Sector - Nasdaq

As the popularity of digital currencies continues to rise, we see the continued and growing interest in the reassessment of traditional banking practices as the potential to  integrate digital currencies into the mainstream. 

Quantum is Coming for Digital Currency - Forbes

Quantum computing has been making great strides in the tech world over the last couple of months. As it evolves, areas like digital currency are still trying to figure out how to incorporate it. 

Cryptocurrency in Wealth Management, a passing trend or here to stay - India Times

This article discusses how integrating digital currencies like cryptocurrency continue to require the need for ongoing education about it and careful consideration on navigating it to be successful in an evolving landscape. 

Global Financial Inclusion

The global financial inclusion landscape continues to show advancement in many areas especially those targeted towards women and marginalized communities. Many fintech companies continue to create new platforms that focus on financial inclusion with a focus on digital innovation and educating the rural and remote communities so that they are able to utilize these platforms. 

Digital Inclusion: How to Unlock the $5 Trillion Opportunity for Women Entrepreneurs - WEF

One of the most significant obstacles for women entrepreneurs in lower-middle income countries is digital exclusion. Closing this divide is both morally imperative and a potentially huge economic opportunity. 

Why Banks that Ignore Financial Inclusion are Losing Millions - European Business Review

Many banks are still operating with outdated rigid infrastructures that limit financial inclusion. These banks don’t realize by excluding individuals with limited banking capabilities, they are also losing the opportunity to grow financially, as well.

Web 3 Will Be the Driving Force for Financial Inclusion in 2025 - TechTimes

Experts in this article discuss how Web 3 and blockchain technology may be the solution to financial inclusion in 2025. With the continued expansion of the Web3 ecosystem, it could make a huge impact and change in reducing poverty around the world and increasing financial inclusion. 

Toward Financial Inclusion: The Benefits and Challenges of Ethical AI - Global Banking and Finance

AI continues to be a big influence in bridging the financial inclusion gap. AI tools allow institutions to incorporate new forms of data to help open doors for the underbanked community.