Financial inclusion is one of the main ways to monitor progress in reducing social inequality, global economic well-being and related topics, such as gender equality. Over the years, Financial Technology (FinTech) has taken the centre stage in the financial inclusion industry, especially on islands. Accordingly, it has become this year’s newest Island Finance Forum Content Track.
Island communities have often been neglected by traditional financial institutions due to the high costs of establishing physical branches and serving a dispersed population. However, FinTech has revolutionized the accessibility of financial services on islands. With the rise of digital banking solutions, islanders can now access basic financial services, such as savings accounts, loans, and insurance, through their smartphones or other digital devices, without the need for physical branches.
Furthermore, FinTech has the potential to promote sustainable development and can play a crucial role in building resilience. Blockchain technology, for example, can be used to create more transparent supply chains, enabling consumers to make informed choices about the environmental and social impact of the products they buy. Additionally, FinTech can facilitate the development of renewable energy systems, which can help islands reduce their dependence on fossil fuels and increase their resilience to climate change. By promoting sustainable development, the industry has the potential to create a more resilient and prosperous future for communities, and islands worldwide, such as Barbados, represent impactful catalyst for the FinTech revolution.
During the Island Finance Forum 2023, attendees will have the opportunity to explore emerging technologies, network with industry professionals, and gain insights into the future of sustainable finance for islands.
PwC in the Caribbean is the
Island Finance Forum's Lead Sponsor
Lead Sponsor
From April 18th to 20th, development partners, policymakers, investors, entrepreneurs and other cross sector experts from around the world, will discuss the current challenges and opportunities of mobilizing financing for inclusive and sustainable development.
As a leading professional services firm in the Caribbean, PwC recognizes the importance of sustainable development in island communities and the need for innovative finance solutions to achieve it.
PwC‘s purpose is to build trust in society and solve important problems. With offices in 152 countries and almost 328,000 people, they are among the leading professional services networks in the world. PwC helps organisations and individuals create the value they are looking for, by delivering quality in Assurance, Tax and Advisory services.
They use their diverse experiences to help people, clients and communities succeed. As market leaders, they are sustained by delivering value through meaningful relationships and by working together with agility, passion and a focus on quality. Find out more here.