Around the world, only a fraction of those who need financial services are able to access them. Furthermore, Big Tech Providers have favored serving larger financial institutions globally, over smaller institutions locally. Our goal is to enable Financial Inclusion by providing individuals and businesses access to useful and affordable financial products and services that meet their needs.
Overview of Financial Inclusion
Overview of Financial Inclusion
According to the Alliance for Financial Inclusion, various countries are unbanked and are yet to adopt financial inclusion, as illustrated in the charts below. The blue areas highlight the unbanked percentage of people in each country below.
Vietnam
59%
Indonesia
48.3%
Philippines
44%
Peru
42.5%
India
22.7%
Brazil
16%
Malaysia
11.7%
Thailand
4.5%
Vietnam
59%
Indonesia
48.3%
Philippines
44%
Peru
42.5%
India
22.7%
Brazil
16%
Malaysia
11.7%
Thailand
4.5%
“Did you know regulators are clamping down on small Banks, making Financial Inclusion more elusive?”
Enable Rapid Digitization using Mobile devices to save on transport and documentation costs
Facilitate swift digitalization through mobile devices to reduce expenses related to transportation and documentation.
Cloud Native Bank Operations to run on Green Data Centres
Cloud-native banking on green data centers combines technology and eco-friendly infrastructure for scalable, resilient, sustainable, and cost-effective operations with a reduced environmental impact.
Digital Payments for Speedy Access
to Funds
Users will have much easier access to their funds online, as compared to being restricted to physical banks or cash for their daily needs
Interested to Learn More?
Launch your own full service Digital Bank with SIMBAS in months, not years. Targeting the small and medium banks to digitize their banking systems.