Frustration, innovation & collaboration: The 3 ingredients necessary to increase access to finance
Summary
This year, PayPal and Village Capital expanded their relationship to support entrepreneurs around the world focused on democratizing access to financial services for underserved individuals, families, and SMBs. Given their strategic focus on entrepreneurship and innovation in financial services, PayPal and BlackRock were natural partners for Village Capital in running this program. Armando Senra, Head of the Latin America & Iberia Region at BlackRock put it this way: “We can never feel too comfortable or complacent in our position as market leader, because so many things are changing today in the financial industry, fueled by innovation and technology, that if we stand still, we will be displaced by better ideas. Going forward, collaboration across the ecosystem will be critical to ensure that the financial needs are met for millennials, senior citizens, students, mom-and-pop shop owners, and men and women across Mexico — and, indeed, around the world. We applaud the financial institutions mentioned in this article for embracing change and building an ecosystem that supports FinTech entrepreneurs, especially those who are working to address the real world challenges of the un- and under-banked and SMBs.
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