Enhancing financial inclusion service access in the revolutionary 4.0 through promoting collaboration between commercial bank with fintech
Abstract
Financial inclusion access is one of the most important socio-economic development focus of most countries around the globe. In the age of digital technology, the emergence of fintech businesses is reshaping the financial services industry. In order to achieve the scale and move closer to achieving financial inclusion access, it is necessary to promote effective cooperation between banks and fintech, aiming to provide convenient banking and financial services to customers at reasonable cost, thus contributing to improving financial services access to the people, who live in rural, remote and isolated areas having no access to finance.