Financial inclusion and banking: a billion-person opportunity? – Federated Hermes Limited

The banking and telecommunications sectors are uniquely positioned to positively impact socioeconomic wellbeing and a multitude of the UN SDGs.

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A bank account is a vital means to achieving the outcomes of a broad array of the UN sustainable development goals (SDGs), acting as a lifeline in times of crisis and a vehicle for social mobility. However, according to data published by World Bank this year, 1.4 billion adults remain excluded from the global financial system today.

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