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Promoting Reform of the Current Financial System and Creating Inclusive Value

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Promoting Reform of the Current Financial System and Creating Inclusive Value

August 08
22:09 2019

Inclusive Finance is a concept put forward by the United Nations at the “International Year of Microcredit” in 2005. In fact, it is more than a concept, it is also a specific practice. Compared with the “80-20 Rule” advocated by traditional finance, where 20% of customers generate 80% of profits, the biggest breakthrough of Inclusive Finance is that it subverts the traditional notion of serving the rich to a certain degree, so that underprivileged customers can also enjoy equal rights to financial services. In recent years, the international community has gradually taken note of the important role played by Inclusive Finance in enhancing financial inclusion, supporting economic growth, promoting employment and achieving social equality.

In order to promote the development of Inclusive Finance in China, “Development of Inclusive Finance” was explicitly proposed at the Third Plenary Session of the 18th Central Committee of the Communist Party of China. The “2015 Government Work Report” put forth “vigorous development of inclusive finance so that all in the market participants may share in and benefit from financial services”. At the G20 Summit in Hangzhou, Inclusive Finance was listed as one of the key topics, with three important documents on Inclusive Finance being submitted at the Summit for further discussion.

One of the most challenging aspects of Inclusive Finance is the expansion of the scope of services and the reduction of costs. Fintech (Financial Technology) can overcome these two major challenges to a large extent. Fintech, or financial technology refers to enterprises that utilize technology to drive financial innovation, improve the financial system thereby enhancing the efficiency of financial services and reducing operating costs. Fintech is based on a series of technological innovations such as big data, artificial intelligence, blockchain and so on. It is widely utilized in six major financial fields namely, payment settlement, loans and financing, wealth management, retail banking, insurance and transaction settlement. Achieving a high degree of integration between Finance and Technology is the Finance Industry’s mainstream future trend.

Headquartered in the United States, Capital Venture Funding. Inc . is a dynamic FinTech firm that is focused on providing digital financial services and Big Data management, effectively integrating Big Data with the latest Digital Technologies. With over $300 million in assets under management (AUM), a global presence and world-class network, the company promotes Inclusive Finance, transformation of the financial system and create value through effective data management and the adoption of cutting-edge digital technologies.

CVF’s Team consists of professionals with a wealth of experience in the Financial, Fintech, Technology sectors as well as working with NGOs (Non-governmental organization) and foundations such as AFI (Alliance for Financial Inclusion) and the Bill and Melinda Gates Foundation.Members of our team have had experience working for award-winning firms such as FINASTRA (Awarded Best Use of Blockchain in FinTech at the FinTech Breakthrough Award 2019) and CEFIF (CreditEase FinTech Investment Fund) whose portfolio companies won numerous awards at the global LendIt FinTech Industry Awards. The Company’s core business activities include remittance and microloans.

While creating a “new age financial conglomerate”, Capital Venture Funding, Inc. also contributes to promoting Inclusive Finance and creating a fairer more equitable world. Fintech will play an extremely crucial role in the future development of inclusive finance. Distributed computing, millisecond real-time processing, big data, and other technologies will possibly be added to the fine details of data management in the future, closely managing asset-risks, enabling Inclusive Finance to better develop.

Media Contact
Company Name: Capital Venture Funding Inc
Contact Person: Jordan Peterson
Email: Send Email
Country: United States
Website: http://www.cvfigroup.com/