The Societal Impact of Data Integration on Financial Inclusion (Published)
This article examines how enterprise data systems and integration technologies enable financial inclusion by providing access to financial services for underserved populations worldwide. It explores the key enabling technologies behind financial inclusion initiatives, including API frameworks, data warehousing solutions, and edge computing infrastructure. The transformative applications of these technologies are investigated across microfinance expansion, digital banking for the unbanked, and SME financing. The article addresses critical technical challenges in implementing these systems and their corresponding solutions while carefully considering ethical dimensions, including privacy, algorithmic fairness, and cybersecurity for vulnerable users. Through detailed case studies of M-Pesa, India’s UPI, and Grameen Bank, the article illustrates successful implementations that have dramatically expanded financial access through thoughtful data integration strategies.
Keywords: API frameworks, Financial Inclusion, algorithmic fairness, data integration, digital identity