MilliOnAir interactive Magazine June 2017 - Page 41

It is estimated that 1.5 billion people do not have identification documents and therefore cannot access financial institutions. Humaniq will allow these people to get access to financial institutions for the first time. Humaniq employs a multi-cultural group of people, including the author of this post as an advisor, who wish to introduce advanced technology into the undeveloped areas of the world with the goal of sustainable development.

Making financial services available should help to eradicate poverty. The World Bank estimates that more than fifty percent of the adult population in the world’s poorest nations do not have access to financial services. Banks have also not been able to reach these markets, due to the large proportion of the population without reliable identification.

Humaniq seems to have considered all the obstacles to entering these potential markets. Biometrics overcome the lack of identification by using face or voice recognition. Symbols will be used in place of words to overcome language barriers. Biometric identification will require a basic smartphone with a microphone and a camera, the cheapest of which costs around $20.

Our Exclusive Video Interview With Dinis Guarda

Dinis Guarda, the Chief Executive Officer of Humaniq, was recently interviewed by our founder Derin Cag following the successful ICO launch of Humaniq, a truly unique organisation created for the purpose of launching a financial application which could change the lives of millions with no access to financial institutions. Within one month the ICO attracted ten thousand participating investors and $4M pre-seed funding.

Guarda has a vision of creating a global community based on the sustainability of creating value using technology. He is starting with small pilots and case-studies. The first pilot project by this startup organisation took place in India and was more successful than they hoped. The Africa pilots will start in Nigeria and Ghana, initially in the suburbs and then spreading to rural areas, creating financial inclusion to reduce poverty for the previously excluded.