UCLA Anderson TED - Bhagwan Chowdhry

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>>UCLA Anderson TED Talk: Bhagwan Chowdhry

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About This Talk

2.7 billion people have no access to basic financial services says Professor Bhagwan Chowdhry. Chowdhry proposes a program called Financial Access at Birth (FAB) that uses new communication and identification technologies to include these people in the global financial system.

By depositing $100 into a savings account for every child born in the world, parents in emerging nations would have an incentive to register their children, and developed nations would have a far more efficient way to provide healthcare and other essential services. Chowdhry says FAB is economically feasible and the technologies are already being used successfully.