Like electricity and water, banking should be made as widely and easily available as utilities. Only when we make banks efficient can we make them accessible and have them benefit the highest number of people possible. Banking is a service that is provided to make the best use of capital/money to generate returns for those whosaveand/orthose who need the capital to have a more productive life at an agreed risk and return.
What we want to do is to be consistent with Robert J. Shiller's sentiment in his book,Finance and the Good Society, where he indicates the necessity of information technology in finance to help achieve our goals. A step further would be to leverage open source methods and applications to solve the accessibility challenges of the banking industry. Open source software solutions tend to be cost-effective, robust, and secure.
To make banking accessible, one of the most important things to do is to have a lot...
