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Restoring Trust in Digital Finance: 3 Ways to Tackle Consumer Protection Barriers
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Restoring Trust in Digital Finance: 3 Ways to Tackle Consumer Protection Barriers
The World Bank’s Global Findex report states that roughly half of unbanked adults globally cite lack of trust as a reason for not having an account. Financial institutions are well aware that trust is a problem, yet two-thirds of surveyed providers have no clear trust-building strategy to address it. In this post, we explore three consumer protection barriers and outline three practical steps financial institutions can take to better protect w…
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