A Quote by Dan Schulman
Most governments want their citizens to be part of the financial system, to be productive citizens as a result of having access to be able to manage and move money in a seamless way. But the traditional financial services infrastructure is not designed to handle that because, predominantly, it's an expensive infrastructure.
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Financial inclusion matters not only because it promotes growth, but because it helps ensure prosperity is widely shared. Access to financial services plays a critical role in lifting people out of poverty, in empowering women, and in helping governments deliver services to their people.
Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions and in the infrastructure of the financial system.
There are very few fundamental shifts in global infrastructure that can happen in our life times. The financial infrastructure is one of them, and the Blockchain is changing the way we think about the transfer of value.
We're trying to democratise financial services, to ensure that management and movement of money is a right for all citizens, not the privilege of the affluent.
Fighting recessions and building public infrastructure, including care, health, and educational infrastructure - this should not be the work of citizens. When it is, let's acknowledge that's a tragedy.
The single biggest difference between financial success and financial failure is how well you manage your money. It's simple: to master money, you must manage money.
The Indian elite send their children to expensive private schools, bypassing the public school system. They have their own infrastructure for water, with sumps to store it, pumps to lift it, and fancy filters to de-risk from erratic, polluted government water. Most access private healthcare to bridge the health services deficit.
For countries such as Kenya to emerge as economic powerhouses, they need better infrastructure: roads, ports, smart grids and power plants. Infrastructure is expensive, and takes a long time to build. In the meantime, hackers are building 'grassroots infrastructure,' using the mobile-phone system to build solutions that are ready for market.
We will talk to the CIFAS members, financial institutions, about the possibility of closing accounts of people who have no right to be here. If you're going to create a hostile environment for illegal migrants... access to financial services is part of that.
In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.
In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems
I'd like to see technology to move beyond the hype and be considered part of infrastructure... the way you see access to water. I would like it to move away from apps and mobile money. So that everyone has their TV and their Wi-Fi, and it's just ubiquitous. I think that's where we should be headed.
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Airships could be part of the answer to Africa's infrastructure woes - if the financial challenges are overcome.
We are going to rebuild our infrastructure. I would say at least double her numbers and - and you`re gonna really need more than that. We have bridges that are falling down. People,investors, people would put money into the fund. The citizens would put money into the fund, and we will rebuild our infrastructure with that fund.
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