A Quote by Taavet Hinrikus
The growth of FinTech has been driven by adoption across age groups, but the demand from the millennial generation to innovate and think about financial services differently has been a catalyst for change.
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The financial services industry is failing the millennial generation.
Coming to the growth potential in financial services, there is enough data to show that, usually, financial services grow about twice or two and a half times of what the economy, the GDP growth rates.
If you think about the under-30 generation, the millennial generation - GenTech, as I call them - they grew up with a screen in front of them. And so they think about everyday processes, like payments, differently than you and I do.
The financial crisis of 2008 created a seismic shift in the dynamics of trust in financial services. FinTech would have happened without the global financial crisis - but it would have taken much longer.
In Nigeria, financial services, telecoms, and entertainment have driven growth more than oil.
The U.K. has been very progressive about on-demand, and the iPlayer has been a great invention. It has trained a generation of viewers to expect on-demand - unfortunately, it trains them to expect free!
I have always been driven to buck the system, to innovate, to take things beyond where they've been.
Our large size, capital base, robust funding profile, extensive distribution network, diversified portfolio, presence across the financial services sector, and leadership in technology position us very well to leverage the growth opportunities across the economy.
Infrastructure projects create a lot of demand for material, services and manpower. It is a chain reaction; if the infrastructure growth slows down, it will hit overall demand. The supply side has to keep increasing to sustain growth.
Some Muslim lobby groups have argued that Christian groups already have public funding for their schools and services so they should too. In response, there are now Hindu and Sikh organisations demanding their own concessions lest they feel left out. The demand to wear the headscarf one day spurs the demand to wear the crucifix the next.
I'm really passionate and love everything lifestyle-oriented, so that's what I do on my website. I have been able to get other people to contribute to the website to create kind of a hub for people in the millennial generation - people my age.
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.
Mobile phone technology can help to bring financial services to the 80 percent of African women who do not have a bank account and bolster the growth of the world's poorest continent. It's not just about empowering women, it's about economic growth. Unless we can make access to finance easier for women in their businesses, we will be missing out on a significant portion of growth within our economies
The lack of manpower and infrastructural capacity in our Intermediate and Long-term Care sectors are problems that have been with us for the past 10 years. The demand for rehabilitation services will only increase with a rapidly ageing population. I hope the Ministry will share its roadmap to meet the rising demand for rehabilitation services.
Traditional consumer finance has been unfair for decades. Banks have had a monopoly on financial services and have been able to overcharge and underserve consumers.
I have been an organizer and then activist and a legislator, all of that. But then there's this big gap after I advanced in Congress and ended up as the ranking member of financial services committee. It took me into the financial services issues and Wall Street and Dodd Frank. And it took me away from the things that I did years ago.
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