TRANSFORMATIVE POTENTIAL
connectivity both for its security and developmental capacities . “ One of the most exciting is our move into biometric payments and security with our new partner , Paycode . Its technology directly addresses the connectivity challenges in Africa and other emerging markets : our goal is to reach 100 million financially excluded individuals in rural Africa and beyond by 2025 ; making sure that those in remote areas can still access financial services is key to our mission .”
TRANSFORMATIVE POTENTIAL
For Marshall , financial inclusion through IoT , available both offline and online , signifies the technology ’ s most transformative potential in modern fintech . However , Eckenrode and Poole contend that it is in the payments sphere where connected devices truly excel . “ Payments may be an area particularly ripe for transformation through IoT . Contactless payments have seen a significant uptake during the pandemic and integrated functionality in connected devices for ‘ on-the-go ’ payment capabilities will likely accelerate ,” suggests Eckenrode .
Other commentators consider the specifics of IoT ’ s transformative potential to be largely irrelevant ; the important thing is that it aids decision-making broadly . “ As IoT usage moves from repetitive automation
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“ I joined Broadridge in 2017 and currently lead Broadridge ’ s Corporate Strategy function . This includes work around M & A , investments , partnerships , strategic planning , and supporting growth initiatives across our business lines ”
— Michael Tae , Head of Strategy , Broadridge Financial Solutions fintechmagazine . com