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International Business Times
International Business Times
Business
Marvie Basilan

EXCLUSIVE: WeFi Co-Founder Talks Neobanking, A Driving Force For Financial Inclusivity

Neobank blockchain Crypto
Neobanks, like WeFi, are digital-only banks transforming financial access for many unbanked consumers around the world. (Credit: WeFi on X)

KEY POINTS

  • Over a billion people are still unbanked, as per the latest World Bank estimate
  • The 'ease of access' in neobanking will empower unbanked populations to participate in the broader economy: WeFi co-founder Reeve Collins
  • Neobanks should adapt a fresh approach to compliance amid an evolving regulatory landscape: Collins
  • WeFi leads the revolution as it integrates blockchain and offers crypto services for the unbanked

With the many offers and services of banks worldwide, one would think that there are only a few unbanked individuals, especially as the technological age challenges old practices in the financial system.

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