Alan Greenspan Quotes

With the right sources of funding and some smart, strategic thinking about how to force non-banks to follow the same rules as other lenders, the entire landscape of consumer lending would change.

I don't think many people anticipated how the Internet was going to revolutionize the way we disseminate information.

They explained to me that the bank cannot lend money to poor people because these people are not creditworthy.

Technology just means information technology.

Making loans accessible to millions of the previously unbankable customers is a noble goal. Getting them hooked to such loans isn't.

Now is the era of intellect, information and the Internet.

Police states cannot endure under the advance of the computer because it increases the power of the people far faster than the powers of surveillance.

If formerly restrictive regimes can be persuaded to see the free flow of information not as a threat to the power of sovereign states, but as the creator of a viable economic infrastructure and a population incentivised to take advantage of the new economy, the next century will be promising indeed.

Until recently, there was more information technology in your average grocery store than in your doctor’s office.

Because SBI is so large, serving customers in India's big cities and small rural villages alike, it has a pressing need for better tools and technology to monitor lending risks.

You look at marketing: everything that's happening in marketing is digitized. Everything that's happening in finance is digitized. So pretty much every industry, every function in every industry, has a huge element that's driven by information technology. It's no longer discrete.

Expanded credit access has helped households maintain living standards when suffering job loss, illness, or other unexpected contingencies.

If we want to be the banker to every Indian as we want to be, then we will have to use technology.

Beyond the traditional areas of cooperation, we have entered the digital age with its own opportunities. The area of fintech needs to be explored.

You need to have a lot of human judgment involved in the financial industry in terms of risk management, in terms of investment decisions, and things that really allow us to blend the best of technology and the human brain.

Bitcoin is both disruptive from a technology perspective, but there's a tremendous power of social good behind it. So you can both build a cool business or have a great investment return, and there's the promise of potentially improving the remittance industry or banking the unbanked.

There are hundreds of millions of people around the globe who could safely repay loans but nonetheless do not have access to a line of credit. Financial institutions in developing economies are broken and inefficient, and hard-working people have not been given the chance to establish a credit history.

When I talk about the ability for fintech to promote kind of economic growth and productive citizens coming in, using different data and being able to lend to small businesses, see those small businesses start to grow - of course, that means more money for their families, you know, the small-business owner families. They start to hire people.

India is among the leaders in thinking about how technology can solve some of the problems about financial inclusion. But if you think that financial inclusion as a problem has a solution rooted in technology, it's obviously not the only thing.

With the revolution in information technology, with the revolution in transport technologies, I think just geography has lost its all significance.

When combined with information and communication technologies, microcredit can unleash new opportunities for the world's poorest entrepreneurs and thereby revitalize the village economies they serve.

We have repeatedly demonstrated our species's bottomless ability to lower our standards to make information technology look good.

The only people that a bank will loan money to is the very people who don't need it.

We might have new issues involving information technology for example, or new questions arising out of the war on terror, or new issues arising from natural disasters that can't be anticipated.

Data really powers everything that we do.