Humaniq Highlighted as One of the Most Prominent FinTech Projects for Social Good in a New Special Edition Analytical Report

August 30, 2018 – Humaniq, a next-generation financial ecosystem built on a Hybrid Blockchain, has been featured in a special report on key developments in financial inclusion by Deep Knowledge Analytics, a leading Deep Tech analytical agency focused on AI, Longevity, the Crypto Economy, and Convergence of Technological MegaTrends. The report, entitled “FinTech for Social Good, cites Humaniq as one of the most important and powerful FinTech projects, aimed at providing innovative solutions to help eradicate poverty among millions of people living in emerging economies.

The report, a follow-up to the previous 450-page report “Financial Inclusion in the Developing World 2018 Q2” and referred to as a “Special Edition”, is a step away from the usual industry analytical reports on DeepTech and focuses on the potential practical applications of FinTech and Financial Inclusion technologies in developing regions and the so-called “World of the Unbanked”, as well as on the role of non-commercial and international development organisations in solving crucial humanitarian issues. Focusing explicitly on non-profit activities, this special edition explores the possibilities of FinTech to help overcome fundamental socio-economic and infrastructural problems in the developing world, providing citizens with greater access to the global economy and to basic human amenities.

 The report featured Humaniq as one of the prominent examples of FinTech for social good and highlighted it as one of the most technologically advanced mobile apps, as it uses AI, Bio-identification and Blockchain – the hallmarks of the 3rd generation of FinTech mobile apps – to tackle issues such as the lack of access to basic human amenities and modern slavery in developing regions.

 Last month, Humaniq was also featured in two landmark industry analytical reports as a leading Bio-identification and Financial Inclusion case study. The first one, entitled Developing World Financial Inclusion Industry Landscape Overview / 2018 Q2, charts the landscape of the Financial Inclusion sphere, giving particular attention to the set of emerging technologies that will accelerate the development dynamic of the FinTech industry – AI, Bio-identification and the Blockchain. The second report – Blockchain in UK / Industry Landscape Overview 2018 – by the UK Parliament’s All Party Parliamentary Group (APPG) on Blockchain, analyses the entire UK-based blockchain industry in order to identify emerging trends and leading players. It was covered in one of Britain’s leading news outlets, The Guardian, among many others.

Humaniq keeps achieving critical project milestones, such as surpassing the 400,000 users mark and opening services in 21 African countries. Its ever‑growing user base is a blue ocean for potentially thousands of new projects: 1 billion new users in the coming years, $4 trillion potentially in user accounts and more than 200 start-ups are planning to move onto the Humaniq platform. The platform continues to expand in Africa further, and is planning, in addition, to launch operations in Latin America.

According to the World Bank’s Global Financial Inclusion Database, 2.5 billion people on Earth are excluded from the 21st Century economy’s opportunities to earn, save or invest due to lack of access to traditional financial services. Using existing and emerging IT-technologies, utilised as mobile apps, and with the growing rates of smartphone penetration to target these inequalities, companies like Humaniq point to the important role of the next-generation FinTech solutions in improving the quality of life for developing communities.

“FinTech startups using the most advanced technologies have considerable power that will help developing nations to gain access to the global economy. At Humaniq, we believe that FinTech for financial inclusion is about more than just commercialising the blue ocean of the global unbanked and the next wave of global expansion for the financial products and services industry; we believe that it is the most tangible bridge to the global economy, and towards giving the underdeveloped world access to basic human amenities. In other words, it is “Impact Investment” and “FinTech for Social Good” in its most practical and actionable form,” said Alex Fork, CEO and Founder of Humaniq.

ABOUT HUMANIQ

Humaniq is a London-based Fintech firm that provides next-generation financial services using its Blockchain-based mobile application to the unbanked and underprivileged in emerging economies globally. Humaniq is focused on worldwide financial inclusion by providing access to global markets, greater opportunities, and novel financial solutions using repurposed technologies for those gaining exposure to financial services for the first time.

Media contact:

Humaniq PR team

Pr@humaniq.com

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