Except from http://en.wikipedia.org/wiki/Financial_exclusion
Financial exclusion is the unavailability of banking services to people living in poverty. It is believed to be one factor preventing poor people from exiting poverty, by forcing them to manage their finances on a cash-only basis and restricting their access to equitable sources of credit.
Except from http://en.wikipedia.org/wiki/Financial_inclusion
Financial inclusion (or inclusive financing) is the delivery of financial services, at affordable costs, to sections of disadvantaged and low income segments of society.
Except from http://www.guardian.co.uk/society/2011/oct/19/welfare-reform-government-hopes-app
An online "app" to help 8m households apply for the new universal credit, integrating tax credits and out-of-work benefits, is being developed as part of one of the most hazardous and ambitious IT programmes ever undertaken by government.
My take on it
Financial inclusion should be available to everyone. Income should flow in and bills paid out. Advice should be available at every stage.
What prevents this? Complexity, poor communication and lack of understanding.
Can technology help? Lets find out.
At UK Gov Camp 2012 I sat in a room with the following people: -
At Benefits Camp we output this: -