661. Insights: Can embedded finance bank the unbanked?
Ross Gallagher is joined by some great guests, from 11:FS, Spiralem, and The Aspen Insitute, to discuss how embedded finance could be the trojan horse of financial inclusion.
Our expert hosts, Ross Gallagher, is joined by some great guests to ask: "Will embedded finance bank the unbanked?"
While you may think ‘unbanked’ and ‘underbanked’ applies to emerging markets, estimates from the Federal Deposit Insurance Corporation (FDIC) suggest 5.4 percent of U.S. households were “unbanked” in 2019, meaning that no one in the household had a checking or savings account at a bank or credit union.
Today, we’ve put together a panel of experts to discuss: Why are so many people still unbanked? What does embedded finance do differently? What’s possible in the future?
This week's guests include:
- David Barton-Grimley, Embedded Financial Services, 11:FS
- Bruno Diniz, Co-Founder, Spiralem
- Ida Rademacher, Vice President, The Aspen Institute
Fintech Insider by 11:FS is a podcast dedicated to all things fintech, banking, technology and financial services. It’s hosted by a rotation of 11:FS experts including David M. Brear, Simon Taylor, Jason Bates and Gwera Kiwana, as well as a range of brilliant guests. We cover the latest global news, bring you interviews from industry experts or take a deep dive into subject matters such as APIs, AI or digital banking.
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Special Guests: Bruno DIniz, David Barton-Grimley, and Ida Rademacher.