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The United Nation 2030 Agenda for Sustainable Development (UN-2030-ASD) and the G20 High-Level Principles for Digital Financial Inclusion (G20-HLP-DFI) describes the importance of using Fintech to reduce financial exclusion and income inequality which means that the financial inclusion through Fintech may shows significant signs on the ...
The Subcommittee on Diversity and Inclusion was created for the 116th United States Congress by Chairwoman Maxine Waters. [ 1 ] [ 2 ] However, under Republican control during the 118th Congress, the subcommittee expanded its focus to include digital financing, including cryptocurrency.
Financial service providers can also reap benefits from open finance. Access to a wider range of customer data can drive innovation and the development of new financial products and services. Providers can gain a deeper understanding of customer needs and preferences, allowing for more personalized and targeted offerings. [52]
The first AFI GPF [4] was held in Kenya in 2009 and focused primarily on the promotion of the benefits of a knowledge exchange platform of peers. [5] [6] In his opening remarks, the governor of co-host Central Bank of Kenya, Prof. Njuguna Ndung'u, summarized the goal of the AFI GPF when he stated, "we will, over the next ten days, share experiences on smart financial inclusion policies that ...
Digital Inclusion: To bridge the digital divide by providing digital services to rural and remote areas. [5] Economic Inclusion: To extend banking and financial services to underserved communities. [6] Educational and Skill Development: To promote online education and skill development programs like Skill India. [7] [8]
Digital Financial Services (DFS) [18] Discusses issues related to digital financial services and promotes digital finance as a major catalyst in achieving financial inclusion in emerging and developing economies. The working group also develops policy guidelines, conducts peer reviews and engages the fintech industry and global SSBs.
The Maya Declaration is a global initiative for responsible and sustainable financial inclusion issued by the Alliance for Financial Inclusion that aims to reduce poverty and ensure financial stability for the benefit of all. It is the first global and measurable set of financial inclusion commitments by developing and emerging economies.
Digital inclusion is a critical issue for many Indigenous communities across the globe, many of whom lack access to adequate resources. [9] The Australian Government has set a National Closing the Gap target for Aboriginal and Torres Strait Islander people to have equal levels of digital inclusion by 2026. [10]