How Enabling Developers Helps Drive Financial Inclusion

Developers who feel satisfied with their work are in a position to be more productive. We also know that developers can find fulfillment in having an impact beyond the walls of their company and improving the community. Opportunities exist for developers to meet to support those who do not have access to the financial system. Many countries are working to promote financial inclusion through a range of initiatives in which developers can contribute. GitHub offers a set of tools and services to help developers address this need.

For example, Australia has a huge chance to keep working It aims to reach people who are not currently included in the financial system. Many people still lack access to essential services that many of us take for granted. This is the opportunity that financial inclusion is trying to solve.

Let’s explore these opportunities and how GitHub can help.

Financial inclusion explained

The World Bank defines financial inclusion We provide access to affordable financial products that meet the needs of individuals and businesses. This includes products such as checking accounts, credit cards, mortgages and payments, which are still unavailable to his over 1 billion unbanked people worldwide. Many of them are women, the poor, and people who live outside of big cities.

open finance (or open banking) is the approach taken by banks that: NAB (National Australia Bank) Enabling more individuals to participate in the financial system by giving them access to the best products and services in a secure way that meets their needs.

Achieving financial inclusion and open finance requires channels for the exchange of data and services between banks, customers and trusted partners such as fintechs. This is where application programming interfaces (APIs) come into play. The easiest way to understand an API is to think of it as a contract between two applications that must interact in a standardized and secure way. Once a contract is created and secured, it can be used anywhere to share data or initiate financial transactions.

This API-driven innovation lowers the barriers for individuals with limited physical access to banks, credit cards, or traditional financial products.

How GitHub can help

A tremendous opportunity for Australia, new zealand, India, and other countries to enable financial inclusion for their citizens depends on the quality of APIs. API quality and adoption depend on creating great developer experiences. Because developers build APIs and applications that leverage them.

GitHub is 100 million developers It is widely known as the world’s home of open source. The developer experience is at the core of everything we do, empowering developers to do their best work and be happy. But how can GitHub help enable financial inclusion and open finance?

open bank project report In 2020, we highlight how delivering a great developer experience can drive the growth of APIs that enable financial inclusion. Here are some topics highlighted and where GitHub can help:

1. Create solutions that help people

This is an important motivation for developers. When developers create solutions that help promote financial inclusion, they need to make those solutions available to as many people as possible through the open source community. because we know that Built on open source With over 90% of the world’s software, there is a great opportunity to collaborate globally and build existing solutions.

With GitHub being the home of open source and 100 million developers, there’s no better place for developers to create solutions with maximum impact.

2. Hackathon implementation

hackathons like Global Open Finance Challengein collaboration with NAB, Australian startup, is important for developers to share ideas with other developers and large companies. They help developers see what APIs are currently available and enable innovation and collaboration on a global scale. For a hackathon to be successful, developers need access to open sourced code and documentation. GitHub is a key component that makes this possible.

3. Developer Recognition

When developers work on solutions that help achieve financial inclusion, it’s important that their work is recognized and supported. The most important part of recognizing the great work developers are doing is making sure there is a single platform where this work can be shared. Thankfully, that platform already exists and is free for developers to access anywhere in the world. That’s GitHub!

At GitHub, we also know that sometimes awareness isn’t enough and developers need help. This is why the GitHub Sponsor Program was created.we also created GitHub for startups It is a program that supports startup communities around the world, many of whom are important contributors to Open Banking.

4. Documentation

The success of an API depends on how easy it is for developers to understand and use. If a developer doesn’t immediately understand the context of the API, how to connect to it, or easily set up to test the API, the API probably won’t succeed.

API documentation topics and API management It’s beyond the scope of this post, but it’s important to remember that open source is a key enabler of Open Finance, and developers need a platform for collaboratively sharing documentation and code. GitHub is the best platform for that, and at least 50% increase in productivity When developers take advantage of documentation best practices enabled by GitHub.

call to action

Developers have a great opportunity to contribute to the financial inclusion efforts taking place in Australia and around the world. GitHub can help developers tackle this opportunity by providing them with the tools and services they need to be productive and successful.

We recently launched weekly live streams on LinkedIn Live, GitHub in my Day Job. This is for anyone interested in learning more about how GitHub empowers developers across the community and provides guardrails to maintain governance and compliance.so please join us https://gh.io/dayjob— we can’t wait to be with you.