Financial Inclusion and Fintech Boom
When it comes to financial inclusion, the main challenges the world population is facing are lack of knowledge and limited access to finance, along with expensive and inadequate finances for small businesses in particular. As a result, many start-ups are currently looking to address these gaps. Moreover, about 80% of financial institutions are now into fintech partnerships, thereby providing a sizable market share for promising fintech start-ups with innovative solutions.
This is the gist of the session that will be hosted by the Annual Investment Meeting 2022 on March 31st, 2022, at Dubai Exhibition Centre, EXPO 2020 Dubai - under the title of “Fintech Boom: The Trends to Look Out For”.
That said, let’s move on to an important question: What will this high-level gathering discuss?
Financial Inclusion | Problem & Solution
The panelists at the AIM 2022’s 2nd Start-up Pillar Session will discuss the importance of financial inclusion, which provides startups with access to useful and affordable financial products and services that meet their needs – including transactions, payments, savings, credit, and insurance – delivered responsibly and sustainably.
Defined as the process of ensuring access to financial products and services needed by vulnerable groups at an affordable cost in a transparent manner by institutional players, “financial inclusion” is increasingly becoming vital when it comes to providing financial solutions to startups in particular. Due to the advances in financial technology and digital transactions, more and more startups are now making financial inclusion simpler to achieve.
With this in mind, an important problem is popping up. Many investors are looking for startups to invest in, and, simultaneously, many startups are looking for investors across the globe. So, where does the problem lie?
In reply to this question, the AIM 2022’s 2nd Start-up Pillar Session panelists are expected to point at the crucial connection between investors and start-ups. Investors typically waste a lot of time and effort in search of relevant startups - while startups, in turn, are facing the same problem!
The session panelists will, therefore, explain that the optimal solution to the connection gap lies in matching the right startups to the right investors if we are to address the growing problem that both parties are facing.
Remarkably, this solution has the power to revolutionize the global startup scene if taken seriously. Generally, connecting innovative startups with investors is a critical stage in preparing the global economy for the tech-fueled future ahead, and it’s the only way to overcome the key challenge investors are faced with.
All in all, this problem can be addressed through technology and also through global gatherings that bring the two parties under one roof - like AIM 2022.
And, significantly, there’s another way for startups to get things done – FINTECH!
The AIM 2022’s 2nd Start-up Pillar Session
The AIM 2022’s 2nd Start-up Pillar Session’s panelists are Arash Rezaei, Chairman & Founder, StartX; Bert Navarrete, Head of Growth Equity, ZX Ventures; Riyad Abou Jaoudeh, Partner, Middle East Venture Partners (MEVP); and Vladimir Sakovich, Chief Executive Officer, Skolkovo Ventures
They will touch upon “Fintech” – i.e., “finance” and “technology” – referring to any business that uses technology to enhance or automate financial services and processes. Therefore, Fintech encompasses the industry that is rapidly growing worldwide to serve the interests of both consumers and businesses in multiple ways.
In this context, the session speakers will highlight the fact that around 80% of financial institutions are into fintech partnerships, thereby providing a sizable market share for promising fintech start-ups with innovative solutions.
Last but not least, the renowned panelists will showcase the fintech innovations that are making waves in the industry.
