Forbes' Michal Gromek wrote about five fintech startups that will be attending Village Capital's FinTech for Refugee Summit in Berlin in November.
Dynamically changing legal situations, language discrepancies, challenges with implementation and application of solutions to verify both identities and authorise transactions have been for years at the core of difficulties to provide financial solutions for newcomers. However complicated the initial compliance challenges might appeal, nature abhors a vacuum to fill this niche market.
Fintech entrepreneurs in this area are providing [solutions]... Potential solutions for new incomers can be displayed in [Village Capital's] upcoming Fintech Solutions for Refugees Bank Summit in which selected Fintech providers will receive the possibility to work with companies like PayPay in order to release new or upgrade existing solutions.