The Arab world is in need of financial innovation as large swathes of the population remain excluded from basic financial services. We picked the brains of Alexander Reviakin who is co-founder of the Arab Financial Inclusion Innovation Prize.
Rewarding innovative ideas, which would reduce the costs of obtaining credit or facilitate the provision of financial services to people who are currently deprived of it, is the objective of the Innovation Award for Arab Financial Inclusion Innovation Prize, led by Reda Maamari.
The Arab Financial Inclusion Innovation Prize (AFIIP) champions a dynamic vision for financial inclusion. By capitalizing on the fast-moving digital world, innovation can facilitate a forward-looking and efficient sector.