The FinTech Impact Report: Working through the world’s to-do list #FinTechforPeople PEOPLE This impact category spans poverty to education to inequality. FinTech has an overall positive impact, with 36% of firms directly contributing 23 versus the 12% of FinTechs registering a negative impact. Key SDG targets impacting People: (Including the percentage of FinTechs and their average Net Impact Ratings) FinTechs are… 01 | Boosting financial inclusion with access to banking services 02| Reducing inequality through provision of alternative finance But there is still work to do… 03| Ill-secured products and services cause financial insecurity 04 | Remittances are still too costly 05 | Current identity verification practices exacerbate inequality 06 | The gender gap in FinTech needs to be addressed 07 | The underserved financial market is growing 22
The FinTech Impact Report: Working through the world’s to-do list Page 21 Page 23