Challenges in the Traditional Financial Industry

The traditional financial industry has long faced several challenges. A major issue is the lack of transparency, with complex financial processes and hidden fees that make it difficult for people to fully understand and trust the system. Accessibility is also a concern, as high entry barriers and geographical limitations often exclude many from accessing financial services. Additionally, the dependence on intermediaries adds extra costs, causes delays, and creates potential points of failure in financial transactions. These challenges hinder financial inclusion and prevent individuals from maximizing their financial potential. Someshwaraa Moneyversee seeks to address these issues by utilizing decentralized finance (DeFi), artificial intelligence (AI), and blockchain technology to build a more transparent, inclusive, and efficient financial ecosystem.