fbpx

Innovation Funds

Holon Global Investments - Active Fund Manager

Holon Photon Fund

For investors located in

China Innovation Fund

Coming Soon!

Digital Asset Funds

Holon Global Investments - Active Fund Manager

Bitcoin Fund

Coming Soon!

Hadron Digital Asset Fund

Coming Soon!

Insights

A third of the world is locked out of basic banking

Published 23 Nov 2019

The Libra Association indicates how badly treated our most financially vulnerable communities are when it comes to finance:

• That 1.7 billion people (31 per cent) of the globe is unbanked or underbanked.

• The lowest income earners are paying seven per cent or more on remittance (transactions costs) to simply move money back to loved ones from country to country.

“A key reason for creating Holon Global Innovations to support application for membership to the Libra Association was to help unlock the world’s potential by helping to provide access to banking as technology crushes operating costs.

“Most economies have seen the benefits of globalisation, including the underprivileged, with more jobs, more trade and more opportunities being created in a modern world.

“It’s curious to us that the one third of the world has not yet seen globalisation turn into basic, secure banking services, even though most have access to the Internet which has made them world citizens in only a few decades.

“We believe that the Libra Association’s announcement in the middle of the 2019 was the game changer for the most vulnerable amongst the many benefits that can flow from the Libra innovation. Libra could bring online banking and finance models to the those who do not yet have it,” said Luke Behncke, Executive Chair of Holon Global Investments.

“The Libra model can develop in an evolutionary way as governments and companies see its benefits and trust in the security of a its network infrastructure that works as an alternative to the limitations of country-based currencies.

“We know the total delivery of Libra’s benefits will take time, but we hope that the world’s underprivileged don’t have to wait long. The history of Internet delivery and the growth of global payment and service platforms suggest that a better banking deal for everyone is on the horizon.” said Mr Behncke.

 

Recommended Articles

SAFAA 2020 – The industry in 3D – PANEL: The tech story : judging investment

SAFAA 2020 panel moderated by Vic Jokovic, CEO, Chi-X Investment in the tech sector has been steadily rising for years and market volatility and COVID-19 brought yet more focus to bear on the sector. Clients want to invest and...

Digital Infrastructure and Innovation – The new core portfolio of the 2020s

Today The Mega Cap 7 The hard infrastructure assets required to power the global digital economy are mostly owned and operated by 7 global technology companies: Alibaba Amazon  Apple  Facebook Google  Microsoft Tencent They have a market capitalisation of...

The Innovators – Episode 4 – OCI talk the fundamentals needed for successful AI & ML projects in the financial sector

Jonathan caught up with Tonya Ehlmann, Director of Strategy and AI/ML for Object Computing Inc. (OCI).  OCI are the innovators, shaping the future of how AI & Ml is used in global fortune 500 companies, including the financial sector. Their...