A special report, Fintech for Social Good, has been released as a follow-up to the Financial Inclusion in the Developing World 2018 Q2 report by Deep Knowledge Analytics. The report is focusesd on the following key elements as it relates to non-commercial activities:
- The work being done by non-profits, governmental organizations, NGOs and international organizations.
- Fintech’s role in giving better opportunities to underdeveloped countries.
- Pathway for their integration into the modern global economy through financial inclusion initiatives and modern IT-technologies.
Dmitry Kaminskiy, Founder of Deep Knowledge Analytics stated,"Whereas progress at alleviating social issues in developing regions, such as financial inequality and access to basic human amenities, previously moved at the slow pace of regulatory change, dependant on policy changes by bureaucratic governments and international organizations, it is now poised to begin moving at the pace of technological change. A diverse array of advanced FinTech and IT-technologies enhanced by AI and Blockchain technologies have the power to act as an “Engine for Social Good.”