full transcript

From the Ted Talk by Ajay Banga: Financial inclusion, the digital divide and other thoughts on the future of money

Unscramble the Blue Letters

And so if you go to where Syrian refugees were coinmg in to Lebanon and Greece and the like, every aid agency there would require them to have an ienitdty with them to get access to whatever form of aid they were dispersing. One of the things we're doing is to convert that into a very simlpe biometric-enabled identity which will be read across aid agecneis, so you or I don't need to get our identity verified separately each time. There is a statistic in the world that 40 percent of the dolrlas that gvneneormts want to spend to reach their citizenry for social benefit pmrrgaos never reach them. They are called leakage. Leakage means administrative costs and I call it tehft. Because it's 40 less cents on a dollar for the person who cannot afford even one cent less. That's the issue. That's what we're trying to solve for.

Open Cloze

And so if you go to where Syrian refugees were ______ in to Lebanon and Greece and the like, every aid agency there would require them to have an ________ with them to get access to whatever form of aid they were dispersing. One of the things we're doing is to convert that into a very ______ biometric-enabled identity which will be read across aid ________, so you or I don't need to get our identity verified separately each time. There is a statistic in the world that 40 percent of the _______ that ___________ want to spend to reach their citizenry for social benefit ________ never reach them. They are called leakage. Leakage means administrative costs and I call it _____. Because it's 40 less cents on a dollar for the person who cannot afford even one cent less. That's the issue. That's what we're trying to solve for.

Solution

  1. dollars
  2. theft
  3. identity
  4. simple
  5. programs
  6. coming
  7. governments
  8. agencies

Original Text

And so if you go to where Syrian refugees were coming in to Lebanon and Greece and the like, every aid agency there would require them to have an identity with them to get access to whatever form of aid they were dispersing. One of the things we're doing is to convert that into a very simple biometric-enabled identity which will be read across aid agencies, so you or I don't need to get our identity verified separately each time. There is a statistic in the world that 40 percent of the dollars that governments want to spend to reach their citizenry for social benefit programs never reach them. They are called leakage. Leakage means administrative costs and I call it theft. Because it's 40 less cents on a dollar for the person who cannot afford even one cent less. That's the issue. That's what we're trying to solve for.

Frequently Occurring Word Combinations

ngrams of length 2

collocation frequency
financial inclusion 9
world food 4
food programme 4
billion people 3
save money 2
internet access 2
rural parts 2
cashless society 2
good objective 2
electronic forms 2

ngrams of length 3

collocation frequency
world food programme 4

Important Words

  1. access
  2. administrative
  3. afford
  4. agencies
  5. agency
  6. aid
  7. benefit
  8. call
  9. called
  10. cent
  11. cents
  12. citizenry
  13. coming
  14. convert
  15. costs
  16. dispersing
  17. dollar
  18. dollars
  19. form
  20. governments
  21. greece
  22. identity
  23. issue
  24. leakage
  25. lebanon
  26. means
  27. percent
  28. person
  29. programs
  30. reach
  31. read
  32. refugees
  33. require
  34. separately
  35. simple
  36. social
  37. solve
  38. spend
  39. statistic
  40. syrian
  41. theft
  42. time
  43. verified
  44. world