FinTechs: Democratizing financial services

• by MSC
• Aug 23, 2021
• 1 min

This video highlights developments in the tech space led by enablers and the role of start-ups under the Financial Inclusion Lab accelerator program in democratizing financial technology. The Lab is a part of CIIE.CO’s Bharat Inclusion Initiative and receives support from some of the largest philanthropic organizations across the world. These include the Bill & Melinda Gates Foundation, J.P. Morgan, Michael & Susan Dell Foundation, MetLife Foundation, and the Omidyar Network.

The FinTech ecosystem in India continues to thrive with innovative products and solutions that cater to the bottom of the pyramid. The role of enablers in this space, especially start-ups, remains invisible—they develop disruptive products and provide the infrastructure necessary for innovative financial solutions to materialize and flourish. This video highlights how start-ups under the FI Lab have been transforming the ecosystem with new tech solutions. It also discusses the impact of these solutions on the low- and middle-income segment.