Focusing on financial accessibility versus inclusion - Robert Jakech

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Replicated A presentation from ApacheCon@Home 2021
https://apachecon.com/acah2021

1.7 billion people lack financial access at all, but 6 billion are underserved. And by underserved I mean slow, expensive, and complex services. Let's focus on the entire financial system, rather than a part of it.

The principal raw material for the financial industry is money. And money is technology. This technology has been evolving since we used shells as a means of payment, and now it's digital. The excluded ones are from the digital economy. From the global economy. They are using cash, your access to services and products with cash is as far as your arm can reach to give it to another one. But the rest of us, the ones in the digital economy, we need much more.

With open source solutions, we can collaborate with others in ways we couldn't imagine before. A global solution for a global problem. Working in the Fineract community, we learn how to cooperate with others in other places. The world is moving that way very fast, and we develop solutions in a way the problems are generated.

The problems to be solved now are access problems, they are problems that ignore borders, and live in the cloud.