Money20/20 Europe

138 million Europeans are financially cut off from society – without a bank account or payment methods, despite as many as a third of them being in full time employment. Financial exclusion has a devastating impact on people's quality of life, denying them basic benefits and choice, but also preventing them access to the global economy. As the incumbents are falling behind and failing to help meet sustainable development goals, FinTechs are stepping in to provide financial access for millions of Europe's most vulnerable. The session will cover the subject of financial inclusion from a perspective of such macro trends as mass migration or a rapid move to a cashless society, as discuss real life examples of how technology can have a profound impact on a person's life through access to banking, identity and affordable credit.