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Technology a double-edged sword for financial inclusion

Risks of cyber-fraud, Big-Data discrimination need to be solved with public-private collaboration

Published Thu, Nov 16, 2017 · 09:50 PM

Singapore

TECHNOLOGY can both exacerbate and reduce various forms of inequality, which raises an urgent question of how fintech can be effectively wielded as a tool for financial inclusion.

This was highlighted by Queen Maxima of the Netherlands, the UN Secretary-General's special advocate for inclusive finance for development, at the Singapore Fintech Festival on Thursday.

"Let's not forget that technology can be a double-edged sword," she said, noting the…