GAUGING THE MARKET
Mike Peplow , CEO at Paynetics provided enables those living with dementia to maintain their financial independence while giving those around them peace of mind . Not only is this a financial service but also supports an underserved community .
Paynetics are also part of this group . Recently , with Phyre , we have developed a mobile payment application for iOS and Android that allows charitable organisations to easily deliver funds to those displaced as a result of the Russian invasion of Ukraine .
FinTechs are also already known for promoting financial inclusion via services like Buy Now Pay Later ( BNPL ). The shortterm financing opens up lines of credit for those who wouldn ’ t ordinarily be able to access it . Having access to credit allows consumers to build up their credit score and become eligible for more traditional types of finance . However , BNPL needs to
Who ’ s already making a difference ?
FinTechs tailor an offering to meet a customer ’ s financial needs , with some already starting to make a wider difference . A good example is Sibstar – a FinTech start-up with the aim of helping those with dementia manage their money day to day . The extra support
18 www . intelligentfin . tech