Rethinking finance: enabling sustainable development from India to Silicon Valley

Banks have more to do

Innovation in finance has often been an essential accompaniment of social and economic progress and change.

The ability to fluidly connect those in a position to provide capital with those seeking it for some endeavour has been a key element of a thriving economy for centuries. Access to finance - more to do Banks still have a crucial role to play in bringing basic financial services and literacy to communities traditionally sitting outside their remit, unlocking vast quantities of latent human potential in the process. The World Bank estimated that in 2017, 1.7 billion people were unbanked. That number had shrunk from 2 billion in 2014, and from 2.5bn people in 2011, meaning that more th...