Articles by Stephen Ufford
Fast Lane to the Future: Three ways the ‘leapfrog effect’ is transforming developing countries – and revolutionizing finance
The “leapfrog effect” refers to the phenomenon, in fast-growing emerging economies, of technological advances permitting shortcuts in infrastructure building. This saves considerable time and money – and can deliver quick results that took more developed countries decades to attain. Here are three ways the leapfrog effect is reshaping economies – and finance – in the developing world.
Why Financial Inclusion May Well Depend on Cyber ID Data: Digital IDs are quick and cost-effective – but more data on unbanked customers is needed
Among the obstacles to digital financial inclusion is the challenge of serving people who lack traditional identity data. But as Trulioo founder Stephen Ufford explains, our online activity creates a digital footprint that can be used to identify us quickly and cost-effectively. He describes how Trulioo is cultivating partnerships to advance its goal of establishing a digital ID for the entire global population.
Unlocking the Unbanked: How cyber ID data can advance financial inclusion and ecommerce in emerging markets
Our financial systems rely on digital information footprints – credit data, banking histories, etc. – to determine whether a person is trustworthy. But many poor people live in a cash economy with no digital record of their financial history, preventing them from transacting with many companies. According to Stephen Ullford, cyber ID data offers one way to bridge this cash-digital divide and expand financial access to the unbanked.