In the ever-changing landscape of banking and finance, there is a noticeable disparity between developed and emerging countries when it comes to banking penetration. As of 2021, a staggering 1.4 billion adults still do not have a bank account, highlighting the crucial need for financial and digital education.
Carlos Torres Vila, CEO of BBVA, emphasizes the importance of investing in financial and digital education to ensure responsible and mindful use of financial services. He believes that education is the key to addressing the challenges faced in achieving universal banking access, especially for the most vulnerable populations.
Furthermore, Torres Vila stresses the need to adapt financial education to demographic changes and integrate sustainability into financial decisions. He asserts that knowledge in digitization, finance, and sustainability can offer great opportunities for societal progress and growth, particularly for the most vulnerable members of society.
Empowering Through Financial Education
Carlos Torres Vila underscores the pivotal role of education in integrating sustainability into financial decisions. He emphasizes the importance of awareness and understanding of sustainability’s impact on financial products and services, as well as the need to convey this impact to consumers. Ultimately, he advocates for actionable decisions that contribute to a more sustainable world.
