This week, Michael Hsu, acting comptroller of the currency at the Office of the Comptroller of the Currency (OCC) called on U.S. financial institutions (FIs) to take steps to serve newly arrived immigrants before they can slip into the ranks of the country’s unbanked. “The OCC encourages...
Intuit launched a financial literacy program that provides U.S. high school educators with resources to teach their students about personal and entrepreneurial finance. The new Intuit for Education program covers budgeting, saving, managing credit and other essential skills, the global financial technology platform said in a Tuesday (April...
Last year, banks shuttered 2,300 branches. The move should come as no surprise, given the fact that banks, like any other business, have been examining their cost structures. At the same time, they’ve been investing aggressively in technology and digital experiences, fending off challenges from...
Last year, Uber began offering highly supervised services to young passengers. Now, the ride-hailing and delivery company is giving parents even more oversight into how their kids use the app, with a monthly spending limits feature announced Thursday (Feb. 29). “With spending limits, you can set a custom budget...
Visa has teamed with the GSMA Mobile for Development Foundation to improve financial inclusion. The newly announced Digital Finance for All (DFA) Initiative is aimed at helping 20 million people in low- and middle-income countries in Africa, Asia and Latin America, including women, small-holder farmers (SHFs), and nano, micro...
Real estate website Zillow added a feature that allows renters to build their credit history at no cost. All renters who use the Zillow platform to pay rent can opt in to this new credit-building payment reporting program at no cost to them or their...
The recent announcement of joint efforts by Microsoft to build new financial services for businesses hints at a multipronged effort to boost financial inclusion … … Including financial inclusion for smaller businesses, leveraging the M-Pesa platform. As reported, the two firms will “offer digital services...
Visa and Visa Foundation have announced initiatives to support small and micro businesses across the Asia-Pacific Economic Cooperation (APEC) economies and the world. These initiatives are aimed at promoting digital financial inclusion, stimulating job creation and increasing access to capital, with the ultimate goal of fostering economic...
Financial wellness platform Bloom Credit launched a credit reporting service for rental payment data. The company debuted a service that allows rental apps to report rent payments to the three major credit bureaus, coming at a time when many consumers are employing credit-builder tools to...
