Building a more inclusive banking sphere Digital IDs are stand | Argenta Solutions Fintech

Building a more inclusive banking sphere
Digital IDs are standard practice in fintech.

Currently, over 1.7 billion people worldwide (nearly a fourth of the population) don’t have a formal bank account, and yet 64 per cent of global consumers have used one or more fintech platforms. Part of the reason is people can more easily set up a digital ID online than go to an in-person bank appointment. Likewise, for people who live in rural areas or who don’t speak the local language, a digital ID is more attainable. Plus, digital IDs accommodate people who have limited mobility or cognitive disorders and can’t travel or remember their account details.