In fact, as you can see on the slide, our pre-pandemic findings have shown developments that can serve as precedent for a more significant positive movement in the long-term and aid in post-pandemic recovery. Based on our 2019 Financial Inclusion Survey (FIS), account ownership increased to 29% from 23% in 2017.
Market infrastructure is being challenged by blockchain applications that have the potential to render contracting and settlement between market participants cheaper and faster. Electronic marketplace crowdfunding platforms are oiling the wheels of the capital markets, helping to bring together demand-side and supply-side participants. Other fintechs are working to provide cheaper, quicker or more convenient services across the financial industry.