Personalized assistance could help the credit marginalized from slipping further behind. Having good credit is a near necessity for U.S. consumers. Maintaining a good score matters in facets of daily life ranging from rental applications and automobile purchases to mortgage loans. However, for the 25%...
The traditional ways and means of scoring credit risk — and extending credit — are leaving significant swaths of consumers disenfranchised. And it’s the emergence of platforms, and alternative data sources, that can help fill the gaps and broaden financial inclusion for the individuals and...
New York’s financial regulator is expanding its program to provide banking access to underserved customers. The New York Department of Financial Services (NYDFS) announced Thursday (April 13) it had approved the addition of a branch of Popular Bank into its Banking Development District (BDD) in...
Budget-focused FinTechs and innovative financial institutions (FIs) may have a golden opportunity to meet consumer need. The Federal Reserve released its latest monthly snapshot of the U.S. economy March 10, and consumers’ ability to save seems grim. While the personal savings rate went up from...
Paysera has teamed with Ria Money Transfer to help unbanked customers send and receive money. The partnership, announced Friday (March 10), lets clients send money to 522,000 Ria cash pickup locations around the world. “Sometimes it’s not possible to transfer money to a bank account...
Ooredoo and Huawei have partnered on mobile money in the Middle East and North Africa. This collaboration will provide Huawei’s FinTech and mobile money platform to Ooredoo’s operating companies in the information and communications technology (ICT) space in the region, the companies said in a...
Visa Foundation says it wants to help Africa’s underfunded female-led startups take off. Visa Foundation announced Thursday (March 2) that it would give $1 million from its $200 million Equitable Access Initiative to help women-owned small and medium-sized businesses (SMBs) in Sub-Saharan Africa grow. The...
Family-centric FinTech Greenlight has debuted its first employer-centric financial literacy tool. The company announced in a Tuesday (Feb. 28) press release that it is making its Greenlight for Work program available nationwide to “organizations committed to supporting the financial well-being of employees and their families.”...
Mission Lane and Plaid have expanded their partnership to deliver modern financial tools to underbanked customers. This open finance partnership will give Mission Lane’s 2 million customers — many of whom are working to build or rebuild their credit and improve their financial outcomes —...