Poverty and the Data Revolution

Lumen, 88 Tavistock Pl, Kings Cross, London WC1H 9RS (map)

Thu, 18 Oct
10:00am – 4.00pm

There is an urgent need to support financial health and tackle poverty in the UK. Around 14 million people in the UK (20% of the population) are living in poverty – that’s eight million working-age adults, four million children and 2 million pensioners struggling on a household income of less than £16,000 a year.

At the same time, finance is changing fast. With the use of new data and AI technologies in the sector come huge risks around consent and control, bias, exclusion and exploitation, and all have potential to hit the poorest hardest. But there are also new opportunities.

On 18 October, we will work with experts from civil society, finance, innovation and policy making to co-create new ideas about how financial innovation can support good financial health and help to overcome poverty in the UK.

We’re delighted to be partnering with the new Fair by Design movement, working to reshape essential services like finance so that they don’t unfairly cost the poor more. You can read more about the poverty premium here.

If you are interested in attending the event, to share your expertise, learn from others and contribute new ideas that will help to shape a better future for finance, please contact: naomi@financeinnovationlab.org. 

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