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Financial Inclusion

“After three decades of innovation and unprecedented expansion of access to financial services for the underserved, leaders are now faced with a new question: how to leverage the potential of this broader financial access to foster entrepreneurship, reduce poverty and improve well-being”.

 

Harvard University, “Rethinking financial inclusion”, Evidence for Policy Design (EPoD) Program. Retrieved June 2018.

Our

Expertise

Anecdotally, a popular misconception appears to be that since Australia is a relatively prosperous nation, financial exclusion does not exist in this country.

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The reality is different. 


According to statistics published by Australia's Centre for Social Impact, one in five Australian adults is considered “financially excluded” – i.e. “unable to access safe, affordable, and appropriate financial products/services when they need them”.

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Overview

According to the US-based Consultative Group to Assist the Poor (CGAP), financial inclusion is defined as:

 

“…a state where both individuals and businesses have opportunities to access, and the ability to use, a diverse range of appropriate financial services that are responsibly and sustainably provided by formal financial institutions”.

 

There are three aspects to this definition:

Adapted from: CGAP (2019)

Gen Advisory has the expertise to advise ADIs and FinTechs on the following

aspects of financial inclusion:

 

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Financial inclusion action plans (FIAPs)

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Financial inclusion strategies

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Microfinance

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Root causes of financial inclusion

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The needs of the

financially excluded 

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A systemic approach to financial inclusion

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Jakarta

PT. Generation Lukman Indonesia

Level 5, Treasury Tower

SCBD, Jl. Tulodong Atas 2 No. 28 

Senayan, South Jakarta 12190

Indonesia 

Tel: +62 21 3111 8111

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Contact Us

+61-2-8088 0744 (Sydney)

+62-21-3111 8111 (Jakarta)   

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Sydney

Gen Advisory Pty Ltd

Level 3, Customs House

31 Alfred Street

Sydney, NSW 2000

Australia

Tel: +61-2-8088 0744

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©2025 Gen Advisory Pty Ltd | The "Gen" and "Generation Advisory" names and logos are registered trademarks of Gen Advisory Pty Ltd, an Australian limited liability proprietary company based in Sydney, Australia. | Australian Company Number (ACN): 626 943 968 | All rights reserved.

©2025 PT. Generation Lukman Indonesia | PT. Generation Lukman Indonesia is an Indonesian limited liability based in Jakarta, Indonesia. |

Indonesian Business Registration Number (NIB): 2911 2300 78925, | All rights reserved.

Gen Advisory Pty Ltd  acknowledges the Aboriginal and Torres Strait Islander Peoples of Australia as the Traditional Custodians of this land and recognises their continuing connection to Country. We pay our respects to their Elders past, present and emerging.

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