Mo Shaikh is the co-founder and CEO at Aptos Labs.
Put simply: the structure of finance today prevents billions of people from accessing baseline financial services and economic opportunity.
Even in regions with robust fintech ecosystems like the United States, gaps in access to banking and finance persist. According to the FDIC,in fees on non-bank financial services, like check cashing and money orders. However, we have the technology to speed up and reduce the costs of global financial services, to open finance to these struggling communities and lift all boats in the process.
Recognizing the value open banking can offer consumers in the U.S., Consumer Financial Protection Bureau Director Rohit Chopra said, “a shift toward open and decentralized banking can supercharge competition, improve financial products and services, and discourage junk fees,” in a. As open banking has moved from academic halls into real practice, it has catalyzed the modernization fundamental to repairing or replacing financial infrastructure.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Notre Dame College students, staff hope finance talks reopen in an effort to keep school openTroubleshooter Reporter at News 5 Cleveland
Read more »
‘The Ones Who Live’ Showrunner Wants to Keep Future Plans OpenStay up to date with new movie news, watch the latest movie trailers & get trusted reviews of upcoming movies & more from the team at Collider.
Read more »
Homeowners Share Their Love for Open Shelving and Open Floor PlansHomeowners express their positive experiences with open shelving and open floor plans in their homes.
Read more »
China tightens regulations on consumer finance companiesChina has tightened the screws on consumer finance companies, raising the capital limit for non-bank financial firms which provide small personal loans.
Read more »
Trump unable to finance an appeal bond for at least $450 million, lawyers sayThe former president’s lawyers said in a court filing that Trump and the Trump Organization has been unable to get a surety company to accept property as collateral.
Read more »
Trump unable to finance an appeal bond for at least $450 million, lawyers sayThe former president’s lawyers said in a court filing that Trump and the Trump Organization have been unable to get a surety company to accept property as collateral.
Read more »