A new report by Oxford Economics and fintech startup Juvo says mobile network operators could help solve the financial identity...
Low wage workers have always had a difficult set of expensive options when they try to cash their paychecks; bank accounts are costly because they cannot maintain certain balances and check cashing shops are not exactly cheap; WiseWage, a North Carolina based non profit is looking to offer another option; the company has struck partnerships with Regions Bank and Varo Money, among others, to offer a lower cost direct deposit; the prepaid cards have set fees which can be waived if enough is loaded each month; the program is meant as a test to see if they can enlist those who have dropped out of the financial system because of a lack of options. Source.
Paycheck advance apps like Even.com, PayActiv, EarnIn, DailyPay and FlexWage are helping to provide employees access to their earned income so...
According to 2017 data from the FDIC 47 percent of Black Americans were underbanked, compared to 20 percent of white...
The Center for Financial Inclusion at Accion (CFI) and the Institute of International Finance (IIF) in collaboration with the MetLife Foundation have released a report on financial inclusion; the report focuses on how partnerships between mainstream financial institutions and fintechs are expanding financial inclusion; findings are based on 24 in-depth interviews with firms and experts from around the world with emphasis on the emerging markets; the report is part of a two-year financial inclusion project from CFI, IIF and the MetLife Foundation called "Mainstreaming Financial Inclusion: Best Practices." Source
When we really started covering financial inclusion and financial health here at LendIt five years ago it seemed that we...
In 2011 the World Bank released the first ever Global Findex Database as “the world’s most comprehensive data set on how...
Mike Cagney has built a reputation as one of the smartest people in all of fintech. His capacity to raise...
There still remains millions of people in developed countries like the UK and US who remain outside the traditional banking...
Mastercard and Microsoft have announced a collaboration around digital commerce, startup innovation and financial inclusion; the collaboration will help Mastercard’s...