Immigrants make up a vastly underserved demographic, Remitly's Matt Oppenheimer believes their potential financial impact is underated.
JPMorgan Chase CEO Jamie Dimon says the current crisis is a wake up call for both government and business to...
JPMorgan Chase launched a new account for low income consumers that offers access to their mobile app, branches and ATMs...
While fintech innovation has greatly evolved in recent years, there is still much more to be accomplished; one area available for significant market growth is financial inclusion; Lend Academy talks about fintech innovation for the underserved bank customer in their article; LendIt will be running a financial inclusion track this year at LendIt USA to help support development of this market opportunity. Source
The CEO and Founder of Juvo shares how he plans to bring billions of unbanked people into the financial system for the first time. Source
India company, Bharat Financial Inclusion, has reported financial performance that is demonstrating success with a rural-focused audience, operational cost controls and reduction in cost of funds; this strategy compares with other micro-lenders in India that are seeking rapid loan volume growth in urban centers, but with limited or negative profitability; Bharat announced net income growth of 87.3% to Rs146 crore (US $22 million) in the second quarter ended September 30; the marginal cost for borrowing to fund micro-loans has declined to 9.5% in Q2, and its average interest rate to borrowers stands at 19.75%. Source
JPMorgan Chase and Grubhub have struck a partnership to allow delivery drivers to instantly access earnings; the product is similar...
With a focus on money education, fintech companies have a renewed sense of purpose in creating greater financial inclusion for all.
There are still three billion people around the world who are left out of the financial system; while many companies...
Singapore software-as-a-service company Lenddo has announced a new data partnership with Experian to support financial inclusion in Indonesia and Vietnam; the partnership will provide data analytics technology for Experian's Consumer Financial Inclusion Indexing platform; through the combined services of Lenddo and Experian, underserved banking consumers will gain access to financial services including remittances, savings, credit and wealth management services. Source