BIS chief sees technology as crucial to financial inclusion


Financial inclusion is a crucial goal that can be achieved through a mix of co-operation and innovation, says the general manager of the Bank for International Settlements.

In a speech on April 25 at the Reserve Bank of India, Agustín Carstens laid out three key barriers to financial inclusion that must be overcome.

First, a lack of trust in the financial system owing to a history of bank failures or a lack of financial literacy. Second, the high costs of financial services, where small, low

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