Can financial fairness and inclusivity go hand in hand with profitability?
Many often say inclusivity is hard, inclusivity isn’t profitable, but in reality, it’s one of the strongest core pillars around which to build a business and drive growth. Automation and AI are casting a more inclusive, wider net through technology in financial services, unlocking opportunities in lending, banking and payments that were not available historically.
Emerging fintechs are raising the bar for banks and pushing the whole industry to serve more people, unlocking new markets and talent. But challenges remain, and the latest technologies like generative and explainable AI must prove that with radical speed and efficiency, compliance and security can also keep pace.
Naré Vardanyan is the co-founder of Ntropy, a financial data standardization and enrichment API seeking to use Large language models (LLMs) to transform the “behind the scenes” of money and unlock opportunity. Nicole Casperson is the founder of Fintech is Femme, a women-in-fintech-focused weekly newsletter with 30k+ readers, and host of the Humans of Fintech podcast, with over 50,000 subscribers and listeners. She was named one of the most inspiring women in the fintech industry in 2022.
Disclaimer: Converge is Convera’s new podcast that discusses a range of financial services topics. We want to remind our listeners that the information shared on this podcast is for informational purposes only and should not be considered financial advice. Please note that the opinions expressed on Converge are solely the opinions of the host and the guests, not Convera’s.