November 10, 2022
FINTECHS AND THE NEW WAVES OF DIGITAL REVOLUTION.PART 13
microfintechs spin offs from traditional fintechs serving communities
and states at most.Outlandish innovation incorporated into the value
chain tends to abhor this missing link.It could only do a disservice
over the longterm to alienate the underserved and the unbanked poor in
general.As vertically intergrated value chains declines in the
financial sector and technology enabled disruption practices
exponentially explores financial clarity,identify promising innovation
policy makers as well investors and regulators must undergo
intellectual reform.And in terms of opening up financial landscape to
the poor specifically its chronic gross underperformance in this
aspect,leaves muchto be desired.However,CGAP understudying the
evolutionary paces,points out the missingspace for the unbankedpoor in
the fiercely competitive highly sophisticated consumer mass
market.Same missing space muchmaligned by traditionalbanks to ignore
theinformal sectorat largehad been imbibed by fintechs in the
emasculating and insensitive
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