Financial inclusion…
…The democratization of finance…
…”Be your own bank”.
We think of these ideas of extending financial access to less privileged people as powered by digital finance. In fact, these ideas are much older. Ground Zero for financial inclusion isn’t Silicon Valley: it’s Edinburgh, where mechanization empowered early financial businesses that put a focus on serving ordinary people, not just big merchants and rich folks.
Join me for this very brief visit to Edinburgh, Scotland, and a look at another chapter in financial innovation. And let me know what you think!
