Global Financial Woes
This refers to the article titled ‘Shaping the Financial Future’. I couldn’t agree more with the writer of this article. Financial distress and instability is an issue many societies and governments are aware of, yet are unable (or unwilling) to do much about. One has to just switch on the television to see news reports of representatives of governments and financial institutions around the world coming together to hold grand discussions on these and other topics, but to no avail. The rich continue to get richer as the poor keep getting poorer.
Still, it was refreshing to read about the positive impact as a result of certain measures executed by banks and financial institutions across the nation. This includes ‘branchless banking’, which enables customers to make transactions, such as deposits, payment of bills and wire transfers, via their mobile phones. Many financial institutions around the world have recognized the potential of this particular trend and have, hence, taken steps to capitalize on it in order to ensure that a maximum number of people are able to gain access to high quality financial services. This piece serves as a great point of reference for people involved in the financial sector to take note and ultimately implement such measures in order to bring about long-term stability. Suhayb Mansour Beijing, China