Hygge Finance’s Post

🚀 Redefining Financial Inclusion in the Digital Age! 🚀 At BAJO Digital Ventures, we’re on a mission to make financial services accessible to everyone, everywhere 🌍. By blending digital innovation with real-world impact, we’re building an inclusive future where financial empowerment knows no boundaries. 🔹 Our Approach: Phygital Spaces: Combining physical and digital solutions to reach underserved communities. AI-Powered Financial Services: Using AI for personalized credit assessments and nano-lending. Big Data for Inclusive Credit Scoring: Creating fair credit scores by analyzing alternative data sources. 🔹 Why It Matters: Financial inclusion isn’t just a goal—it’s the pathway to economic growth, business expansion, and a better quality of life for millions. When people can access the financial tools they need, entire communities thrive. 📈 Ready to join us in transforming the future of finance? Connect with us and let’s drive a financially inclusive world together! #FinancialInclusion #DigitalTransformation #BAJODigitalVentures #InclusiveFinance #Innovation

Reflecting on an incredible week at Money20/20! It was a privilege to discuss the importance of “Boring Done Better” in financial services with friends Jillian Williams from Cowboy Ventures and Neepa Patel from Themis. Our session highlighted a clear contrast in the industry: companies riding the hype and those rolling up their sleeves to get the messy work done. Here are a few key themes we covered: 🔹 Reimagining Compliance as a Revenue Driver – Transforming traditional cost centers into opportunities for growth is not only possible but vital. 🔹 The “Black Box” Dilemma – Regulated industries need transparency. Having a human-in-the-loop and an auditable decision-making process is essential no matter how advanced the AI is. 🔹 A Human-Driven Compliance Landscape – While compliance is people-powered, there’s a huge opportunity for AI-driven startups to support these efforts meaningfully. 🔹 High Standards, Real Partnerships – Trust is hard-won, but there’s genuine excitement for partnerships and solutions that meet today’s compliance needs. It was inspiring to see how everyone is adapting to the rapid technology shifts of the last 12 months, and I look forward to what’s next!

Fintech continues to evolve as the essential bridge between traditional finance and the digital economy. With AI-driven services and embedded finance on the rise, the opportunities for innovation in this space are boundless. As the sector moves toward a potential trillion-dollar valuation by 2030, it’s transforming markets and reshaping the global financial landscape. Governments and institutions need to adapt to this rapid evolution to ensure financial inclusion and foster sustainable growth. #Fintech #DigitalEconomy #FinancialInclusion #TechInnovation #BridgingWorlds #FutureOfFinance #AI #EmbeddedFinance #ExecutiveInsights #FintechLeadership

How will the world look like in 2034? The Star 10Forward report explores 4 scenarios A fascinating methodology where they guide you through how we can build Financial Services with impact across the 4 potential world scenarios: 1. Ecolysium, 2. Bloomfield, 3. Wastelandia, 4. Neotropia, The how the worlds are constructed is by using two axes: 1. Technological innovation 2. Prosperity A few months ago I had the opportunity to speak with the Star team as part of their research for the report, Key highlights: --> 1. Wastelandia: A collapsed world - A world without jobs, stable incomes or current financial systems - Traditional creditworthiness is irrelevant (Think... almost the end of the world) - The alternative to credit scoring??? My view: - Lending based on people’s ability to contribute to society Through manual labor or leadership in rebuilding communities. - This would shift the focus from credit history to a person’s potential to contribute to the reconstruction of society --> 2. Ecolysium: Integrated financial services in a green future - A utopian future - Technology, the environment and prosperity excel. - Financial services are no longer delivered through distinct banking institutions but fully integrated into everyday digital interactions. --> AI? Of course, across both Yet needs to be thought through specific ethical usecases and considerations... Worth deep diving to spark some food for thought Check out the 10FWD report here: https://lnkd.in/dsDYsWHw Or the blog post with the some of my contributions https://lnkd.in/etVQxt3W How would you reconstruct Financial Services today if we had to start from zero? It's a great question as every single company starts to disrupt itself in the coming months... Why go through the pain of AI digital transformation to rebuild the same? It's time for us to think 10x more impact -- PS. 🔔Follow to hear perspectives from FinTech CEOs, Founders and Leaders on how to build FinTech (& AI) Products with customer and commercial impact #Fintech #FutureOfFinance #SustainableInnovation #TechForGood

Fintech continues to evolve as the essential bridge between traditional finance and the digital economy. With AI-driven services and embedded finance on the rise, the opportunities for innovation in this space are boundless. As the sector moves toward a potential trillion-dollar valuation by 2030, it’s transforming markets and reshaping the global financial landscape. Governments and institutions need to adapt to this rapid evolution to ensure financial inclusion and foster sustainable growth. #Fintech #DigitalEconomy #FinancialInclusion #TechInnovation #BridgingWorlds #FutureOfFinance #AI #EmbeddedFinance #ExecutiveInsights #FintechLeadership

Last week, I attended Finansforbundet Finance-IT Day – a fantastic opportunity to reconnect with great people I haven’t seen in a while. I am proud to be a member of a trade union that proactively embraces digital transformation and its impact on members in the financial sector. The day turned out to be quite overwhelming. As a trade union responsible for representing members' interests, it could have been beneficial to incorporate a stronger #sociotechnical perspective – how does technology affect people and organizations? How do we create meaningful job roles and collaborative relationships, especially when the finance sector is among those most affected by #ai? What skills will be necessary in the future? The afternoon featured several interesting presentations that touched on these topics, and they absolutely deserved more time. Here are a few takeaways: 💡 The digital integrator will become an increasingly important role, linking technology with business – an area where I feel quite at home. 💡 It’s not enough to just have motivation and skills; digital imagination is also essential. A simple initiative that has proven effective for some is recording IT demo days and sharing them with all employees. 💡 We must be careful not to set unrealistic expectations for technology's infallibility. We are not perfect as humans, and with new technology come (new) errors and risks. Just as cars bring traffic accidents, we must not let the perfect overshadow the good. 💡 Consider the value of #performancemanagement – when we allow people to unleash their skills and motivation, we also enhance productivity, efficiency, and innovation. #digitaltransformation #changemanagement #banking #fintech #genai

Does regulation hinder or help innovation? It’s all about striking the right balance. Here’s some key takeaways from Money Experience Summit 2024: https://lnkd.in/gykaAabc #MXS2024

In his article on International Banker, CEO Simon Paris explains that #OpenFinance has the potential to create three powerful global outcomes: 🎯 Enabling new financial ecosystems 🎯 Driving sustainable decision making 🎯 Supporting positive societal change Read more: https://okt.to/BJYQ9V #FinanceIsOpen #ComposableBanking #EmbeddedFinance #BaaS #GenAI

Regulatory clarity plays a pivotal role in shaping the innovation landscape, particularly in financial services. With global political uncertainties, the ripple effects on startups and the sectors they operate in are inevitable. Last week at EY’s JournEY conference, Ronen Assia, Team8 Managing Partner, moderated a thought-provoking panel discussion about the future of finance. A huge thank you to Ilya Venger from Microsoft, Michal Kissos Hertzog from Poalim Tech, Gal Krubiner from Pagaya, Or Liban from Airwallex, and Noam Mills from Panax for their invaluable insights. Building on predictions from Team8’s Fintech 2030 report, the conversation explored trends that could define the next decade in finance. Watch the clip below for an expert take by Ronen on the political debate over CBDCs.

Regulation vs. Innovation – Can they coexist? At Money Experience Summit 2024 #MXS 2024, MX’s Jane Barratt and Adrienne A. Harris, Superintendent of NYS Department of Financial Services, explored this timely question. Key insights: - Interdependency: “You need both regulation and innovation,” Adrienne emphasized. Regulations can protect consumers and encourage businesses to deliver competitive, consumer-centric solutions. - Evolving risks: Emerging trends like crypto and AI demand proactive, protective regulations. - Collaboration is key: Strong partnerships between government and private sectors are essential to safeguard consumers and foster progress. Let’s shape a future where innovation thrives alongside accountability! 💡 What are your thoughts ? Read more details below. #MoneyExperienceSummit #Innovation #Regulation