Fintech, Racial Equity, and an Inclusive Financial System
August 25, 2021
10 a.m. – 11:30 a.m. PT
Innovations in financial technology, or fintech, are changing the ways people interact with the financial system. With these changes comes the possibility of improving inclusion for those who currently lack access to the traditional financial system, including low-income communities and communities of color. But with new ways of doing business come new risks of perpetuating existing inequities or creating new ones.
This virtual event launched a new issue of Community Development Innovation Review that explores the promises and pitfalls of fintech as a means of expanding financial inclusion and reaching underserved communities of color.
The event program featured Mary C. Daly, president and CEO of the Federal Reserve Bank of San Francisco, in conversation with Ida Rademacher, executive director of the Aspen Institute Financial Security Program. Experts from across the community development and fintech spaces discussed the risks and opportunities of financial technology innovation.