An emerging set of cloud-based platforms are bringing identity and vital services to communities that were previously left behind.
Whether providing a reliable address, delivering financial access or capturing relevant personal information, these solutions are empowering individuals to advance in modern society.
Innovators
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Implications
- Creating digital representation allows more individuals to participate in the global economy, leading to greater resource exchange and global trade growth.
- Expanded identification systems enable governments, aid organizations and businesses to accurately gauge the scale of needs and fundraise or allocate resources effectively.
- Increased financial tracking improves accountability in the distribution of aid, resources and funds.
$380 Bringing unbanked adults and businesses into the formal banking sector could generate $380 billion in new revenues for banks.
Billion Reasons To Bank Inclusively, Accenture, 2015.
24% of people in emerging and developing countries own a smartphone.
Communications Technology in Emerging and Developing Nations, Pew Research Center, 2015.
20% of all American households are underbanked.
National Survey Of Unbanked And Underbanked Households, FDIC, 2013.
2.41milion Americans collectively owe more than $1.2 trillion in student loans, making it the second largest class of consumer debt, behind mortgages.
Student loan servicing, CFPB, 2015.
34% of households in developing countries have Internet access.
ICT Facts & Figures, ITU, 2015.
Examples
Stilt
Startup Uses Algorithm To Issue Loans For People Without Credit Scores.
BACh
Brain-Reader Optimizes Learning Time By Measuring Mental Exertion Required To Learn Something New.
ID2020
NGO Focused On Providing All People With A Unique Digital Identity.
Sama
Source
Leveraging Technology And Private Sector Methods In New Ways To Improve Access To Dignified Work And Job Training In Developing Countries.