A December 2021 report published by Her Majesty’s Treasury and the U.K.’s Department for Work and Pensions (DWP) has outlined measures that will help boost financial inclusion and financial capability for more people in the U.K., as the country moves toward its recovery from the...
McDonald’s is pledging $250 million to increase the number of minority-owned franchise proprietors in the U.S. in a move to drive diversity in the quick-service restaurant chain’s 39,198 locations. The five-year global diversity, equity and inclusion (DEI) initiative aims to lower the upfront equity requirements...
Financial wellness platform Credit Sesame on Wednesday (Nov. 17) rolled out its new credit builder banking technology, an all-in-one bank account that gives consumers the power to build their credit through purchases on their debit cards and with cash. Credit Sesame’s artificial intelligence (AI)-backed Sesame...
Conventional wisdom holds that one must learn to walk before running. So, when more than half of your population (57%, according to data from U.K.-based The Fintech Times) does not have a traditional bank account, ensuring everyone is financially included would translate to learning how...
The U.S. Postal Service rolled out a paycheck-cashing service at a few post offices on the East Coast in September, according to a Monday (Oct. 4) report from The Washington Post. Customers of post offices in Washington, Baltimore, Falls Church, Va., and the Bronx can...
The problem of financial inclusion is an acute one in the United States. The Office of the Comptroller of the Currency has said that nearly 50 million Americans have no credit score. And without those scores, it’s tough to get a loan. Without a loan,...
China’s UnionPay International and Australia’s S2M have joined forces to accelerate digital financial inclusion across the African continent, the companies announced in a joint press release on Friday (Sept. 24). Commenting on the partnership, S2M Group Vice President Mohamed Amarti said the firms will “continue...
Millions of American renters and their families are at risk of economic harm from the COVID-19 pandemic as federal and state relief programs wind down, the Consumer Financial Protection Bureau (CFPB) said in a new report. The report, released Friday (Sept. 17), concludes that some government...
Green FinTech company Aspiration Partners Inc. on Wednesday (Aug. 18) announced a planned special purpose acquisition company (SPAC) merger with InterPrivate III Financial Partners Inc., targeting a year-end listing date. With the deal, Aspiration would go public under the ticker symbol “ASP” and the new...