Education as a tool to promote financial inclusion

Carmen Salvador, specialist in Tax Law, participated as a speaker in the First Online Latin America Fintech Marathon on the subject of fintech training as a pillar for social change

Financial and technological education has been one of the topics recently discussed during the First Online Latin America Fintech Marathon, organized by the Sociedad Venezolana de Fintech y Nuevas Tecnologías (Fintech Venezuela). Carmen Salvador participated in this event, accompanied by more than 20 experts, to publicize the progress regarding the “Training Chapter” that she leads in the organization.

In her speech during the event, Salvador emphasized that timely and cutting-edge financial and technological training “can promote great social changes.” In the structure of Fintech Venezuela, different chapters have been created to meet our objectives, one of them is the precisely the “Training Chapter”.

According to the specialist in Tax Law, when talking about training, it is vital to highlight the importance of the practical application of knowledge that allows citizens to access “alternative ways to manage money.”

“I strongly believe that education is a tool to achieve financial inclusion in Latin America, where around 55 % of the population is excluded from the traditional banking system for not meeting the standards required to be clients of these institutions. And, definitely, fintech applications can reduce that gap”, highlights Salvador.

As a professional in Administration, she has dedicated the last few years to creating training programs to educate on the use of financial technology tools and the management of financial assets in investment systems, through the academy she leads: Fintech 4.0.

In this regard, he states: “This experience allows me to establish that the use of technological platforms and cryptocurrencies (as an alternative to fiat money) are very useful in the economic reality of Venezuela, to cope with the hyperinflation and devaluation suffered by the country.” Also, to facilitate the process of receiving remittances. “Hence, our country appears as one of the first in the volume of cryptocurrency exchange.”

It is a challenge to accelerate the usability of this alternative to traditional money. It is important to get more people to join this ecosystem, learn what a wallet is, learn the advantages of using cryptocurrencies, not only within the country but also to communicate financially across borders.

The advantages offered by financial technology can also be of great help to improve economic conditions in Latin America, the most unequal region in the world, according to the Economic Commission for Latin America and the Caribbean (ECLAC). The Fintech Venezuela Training Chapter, highlights the interviewee, points in that direction. “We want to implement precise, short and timely educational programs that can serve entrepreneurs, housewives, families waiting for remittances, innovators, small entrepreneurs … That is our commitment.”

Her dream is to bring this technological leap to new generations, especially those with limited resources. She underlines that they work for “female empowerment, for gender equality in a space with a predominant male presence; we are confident that the presence of women in the Fintech world will increase every day.” They maintain the commitment to work for the women of the country and the region, promoting financial inclusion, training in the use of technology applied to the economy to improve their living conditions.

It is essential to relearn and fintech is a world of innovation that empowers and offers independence in the management of finances. Through their mobile devices, millions of people can be financially connected and optimize their economy. “Our goal is to spread that information and get people to understand finances from a new perspective; we want to collaborate to reduce the gap that exists between university education in our country and technological advances.” was one of the sponsors of the event.

With information from Fintech Venezuela

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