PNC Bank has gained certification from the Cities for Financial Empowerment (CFE) Fund for a second bank account that limits fees. The nonprofit CFE Fund and the Bank On coalition aim to help low- to moderate-income people gain affordable banking services. The financial institution (FI) will...
Cloud-based banking-as-a-service (BaaS) platform BrightFi is partnering with i2c Inc. to offer mobile financial services to underbanked and unbanked consumers at a low cost, as announced on Tuesday (Mar. 16) in a press release. With BrightFi’s subscription offering, customers will have access to a digital...
FinTech startup Varo Bank is launching a program to help people build credit or improve their scores, the digital lender said in a press release on Thursday (Feb. 25). “A healthy credit score is so important to many of the foundational aspects of our daily lives —...
The GameStop stock run has created a generational opportunity for the investment advisory industry to connect with an audience that’s finally interested in listening and has something to talk about. As Yinon Ravid, CEO of the app-based financial advisory firm Albert, told Karen Webster, democratizing...
To teach kids about money, there’s no substitution for learning by doing. That’s the thinking behind Mozper, a debit card and app focused on improving financial literacy in Latin America. As digital options grow in the region and kids’ spending habits move away from cash, Mozper...
Sergi Herrero co-CEO of VEON, explores how the COVID-19 pandemic has triggered the acceleration of cashless payments, and how that has posed a challenge to the world’s unbanked population. In “A Look Forward: What Executives Wish for America and the World in 2021,” Herrero discusses...
Plaid announced that it has launched a program called FinRise, an incubator aimed at making entrepreneurship more accessible to people of color. “We want to unlock financial freedom for everyone by empowering entrepreneurs and innovators. We want to create a FinTech ecosystem that consists of...
“While there has been a massive shift to digital payments this year, close to 50 million people in the U.S. remain underbanked,” points out Sudhir Jha, Mastercard senior vice president and head of Brighterion. In “A Look Forward: What Executives Wish for America and the World...
We’ve all heard the horror stories. The 6-year-old who get his hands on Mom’s iPad and manages to rack up $16,000 worth of credit charges for online gaming. The teenager with a Fortnite habit who manages to clean out Dad’s checking account via the debit...