Financial Inclusion

The financial services industry has much to contribute to the UN and World Bank goal of full financial inclusion by 2020. This group will focus on industry contributions, ideas, barriers and enablers.

Ron Delnevo Chair at UK Cash Supply Alliance

Give Cash a Great Big Hug!

My love affair with cash started with my parents. I was born in the 1950s, entering the world just as the UK was finally leaving World War 2 rationing behind. In those far off days, there was plenty of poverty – but little debt. The financial system really didn’t allow the general public to have significant debt. Personal loans from a bank or build...

04 June 2020 /payments /inclusion

Tim Duncan Founder/CEO at FinTechCommons.org

CARES Act: Support for Low Income Households

The Coronavirus economic crisis is putting already financially distressed households in much greater distress. It als presents an enormous challenge for nonprofits and government agencies that must immediately transition from financial guidance to what is essentially complex disaster relief services at huge scale - while also having shut down thei...

31 March 2020 /sustainable /inclusion

Retired Member 

Designing a less-cash, not cashless, future for the UK

In 2018 LINK, the network which connects all cash machines in the UK, announced plans to cut the fee that banks pay for cash withdrawals by 20%. We warned at the time that this would have a disastrous - and potentially terminal - effect on people’s access to cash across the country. Our warnings were ignored and LINK implemented two 5% cuts in 201...

10 March 2020 /retail /inclusion

Joris Lochy Product Manager at Intix | Co-founder at Capilever

Financial inclusion - A word with many meanings

In recent years, the usage of the term "Financial Inclusion" has risen exponentially. As with any buzzword, it is used and misused by many companies to boost their corporate image and get support from different governments (e.g. subsidies). As with so many buzzwords, the term has become so much overloaded, that it now encompasses a wide ...

10 February 2020 /sustainable /inclusion

Konstantin Rabin Head of Marketing at Kontomatik

Why are companies increasingly choosing trading algorithms?

Trading is a complicated process that requires time, attention and resources. While the gains that come from it is what convinces so many people to dedicate a huge part of their lives to trading, as the industry had gotten bigger and stronger the technology is being used a lot more not only simplify the process for the investors but also to save t...

30 January 2020 /inclusion

Paul Marcantonio Head of UK/Western Europe at Ecommpay

Left Behind: Is Cashless Society Harming the Vulnerable?

The cashless revolution is here, and it’s happening all over the globe: from Malaysian village market stalls to the London high street. There can be no revolution without controversy, of course. Dominating conversations of financial innovation is the question of financial inclusion. In other words, will going cashless exclude the most vulnerable me...

28 January 2020 /payments

Tom Blacksell Managing Director B2B at Experian

New data sources: How they can help the SME invisibles

Tying to expand any business takes investment, but with smaller businesses often lacking sufficient cash, securing additional funds can be the solution to grow and become more productive. Unfortunately, a lack of financial information can limit a business’s chances of doing this. This is the case for more than 1.6 million businesses in the UK who ...

22 January 2020 /inclusion

Konstantin Rabin Head of Marketing at Kontomatik

China is on its way to open up the FX sector

China has been on a long self-improvement journey and has been tackling all of the areas that could contribute to its global leader status. The financial sector is obviously one of them. Despite the rocky cryptocurrency journey, its efforts to regulate it by issuing government-regulated cryptos and bashing the industry while promoting blockchain, ...

09 January 2020 /inclusion /markets

Konstantin Rabin Head of Marketing at Kontomatik

What will Fintech scene look like in 2020 according to the industry experts

2019 was an excellent year for fintechs in terms of exposure and raising awareness among the majority of the population about what fintechs are and what potential they hold for the regular citizens. In 2019 we saw a major spike in the number of fintech, in the funding of these fintechs and the collaborations between these startups and the larger, ...

23 December 2019 /inclusion

Ron Delnevo Chair at UK Cash Supply Alliance

Happy Birthday For UK Independent ATMs? Not exactly!

Time to wish a happy 21st Birthday to the ATM installation that changed the face of cash provision in the UK! Yes. That’s right. It is exactly 21 years since the first Independent ATM was installed in this country - and that same ATM was also the very first pay-to-use ATM to be installed in Europe! I was there, at a Spar store in Stone Cross in Bir...

20 December 2019 /payments /retail