Democratizing Finance: The Radical Promise of Fintech

Democratizing Finance: The Radical Promise of Fintech

Forget just payments and apps! Democratizing Finance: The Radical Promise of Fintech, published by Harvard University Press, argues that financial technology (fintech) is triggering a massive social change, not just in banking. Authors Laboure and Deffrennes show how fintech empowers people worldwide with financial services, even in remote areas. This “fintech revolution,” if guided well, could unlock:

• New careers for millennials: Fintech could create exciting new job opportunities, especially for younger generations.
• Transformed government services: Imagine faster, more efficient government interactions thanks to fintech!
• Enhanced gig economy: This book explores how fintech could support and expand the gig economy in developed countries.
• Improved infrastructure: Rural areas could see economic development thanks to fintech-driven infrastructure projects.
• Evolving social systems: Fintech could play a role in developing better social security and healthcare systems in emerging countries.

Laboure and Deffrennes combine economic theory with real-world examples, showing the impact of fintech on individuals and societies. They also address challenges and propose solutions, all aimed at achieving a common goal: a better quality of life for all through the power of financial technology.

Ready to see the bigger picture of fintech’s potential? Start reading Democratizing Finance: The Radical Promise of Fintech today!