#financial-inclusion

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How to Lend in Native Communities: The 5 Rs of Rematriation - Non Profit News | Nonprofit Quarterly

Transforming financial systems through inclusive frameworks is essential for supporting marginalized communities.
Financial trauma deeply affects behaviors and trust towards financial institutions.
#fintech

PayToMe.co Rises to #2 in Hatcher+ Global Top 100 Startups for November 2024

PayToMe.co is recognized as the #2 startup globally for its innovative impact on financial services.

Y Combinator-backed fintech CapWay has shut down | TechCrunch

CapWay, a fintech aiming to help those in banking deserts, has shut down, although its founder Sheena Allen vows to continue advocating for financial inclusion.

Helping Women Invest in Crypto

Women represent only 10% of the female population in crypto investment, highlighting a need for greater inclusion.
Promoting fintech equality can enhance financial independence and attract more female investors in cryptocurrency.

MWC: Ethiopian fintech eQub digitizes peer-to-peer credit | TechCrunch

eQub won fintech pitch-off at 4YFN 2024
eQub digitalizes the traditional peer-to-peer credit system

Announcing the 2024 winners of The Power of Payments Awards - Tearsheet

Consumer and commercial payments are undergoing significant innovation with new solutions and expanded offerings. Ripple and Zip Co are leading these changes.

Monese acquired by Pockit as HSBC writes off its investment

Pockit acquires Monese to enhance financial inclusion and expand service offerings after Monese's struggles and loss of investor support.

PayToMe.co Rises to #2 in Hatcher+ Global Top 100 Startups for November 2024

PayToMe.co is recognized as the #2 startup globally for its innovative impact on financial services.

Y Combinator-backed fintech CapWay has shut down | TechCrunch

CapWay, a fintech aiming to help those in banking deserts, has shut down, although its founder Sheena Allen vows to continue advocating for financial inclusion.

Helping Women Invest in Crypto

Women represent only 10% of the female population in crypto investment, highlighting a need for greater inclusion.
Promoting fintech equality can enhance financial independence and attract more female investors in cryptocurrency.

MWC: Ethiopian fintech eQub digitizes peer-to-peer credit | TechCrunch

eQub won fintech pitch-off at 4YFN 2024
eQub digitalizes the traditional peer-to-peer credit system

Announcing the 2024 winners of The Power of Payments Awards - Tearsheet

Consumer and commercial payments are undergoing significant innovation with new solutions and expanded offerings. Ripple and Zip Co are leading these changes.

Monese acquired by Pockit as HSBC writes off its investment

Pockit acquires Monese to enhance financial inclusion and expand service offerings after Monese's struggles and loss of investor support.
morefintech
#digital-currency

CBDCs Hold Promise and Peril in Global Finance Overhaul, Study Finds | HackerNoon

CBDCs can enhance financial inclusion, improve transaction efficiency, and transform monetary policy, but they raise concerns about privacy and sustainability.

The HackerNoon Newsletter: Zuzalu is Dead. Long Live Zuzalu! - Metamorphosis Commenced v3 (11/6/2024) | HackerNoon

The article discusses significant tech news, emphasizing China's digital yuan's implications for privacy and the U.S. investigation into Tether's stablecoin operations.

Why We Won't See CBDCs Everywhere

CBDCs are facing significant hurdles to global implementation despite increased interest from governments.

CBDCs Hold Promise and Peril in Global Finance Overhaul, Study Finds | HackerNoon

CBDCs can enhance financial inclusion, improve transaction efficiency, and transform monetary policy, but they raise concerns about privacy and sustainability.

The HackerNoon Newsletter: Zuzalu is Dead. Long Live Zuzalu! - Metamorphosis Commenced v3 (11/6/2024) | HackerNoon

The article discusses significant tech news, emphasizing China's digital yuan's implications for privacy and the U.S. investigation into Tether's stablecoin operations.

Why We Won't See CBDCs Everywhere

CBDCs are facing significant hurdles to global implementation despite increased interest from governments.
moredigital-currency
#digital-wallets

Cross-border payments in the digital age

The rise of digital wallets and blockchain technology is revolutionizing cross-border payments, improving efficiency and reducing costs for global financial transactions.

Overcoming the challenges of spending cryptocurrencies - London Business News | Londonlovesbusiness.com

Web3 cards enhance the usability of cryptocurrencies in daily transactions, bridging gaps in merchant acceptance and promoting financial inclusivity.

Cross-border payments in the digital age

The rise of digital wallets and blockchain technology is revolutionizing cross-border payments, improving efficiency and reducing costs for global financial transactions.

Overcoming the challenges of spending cryptocurrencies - London Business News | Londonlovesbusiness.com

Web3 cards enhance the usability of cryptocurrencies in daily transactions, bridging gaps in merchant acceptance and promoting financial inclusivity.
moredigital-wallets
#cryptocurrency

The intersection of traditional finance and cryptocurrency: Navigating the new frontier - London Business News | Londonlovesbusiness.com

Cryptocurrencies are reshaping finance by challenging traditional systems and creating new investment opportunities.

Why the Media Loves the Worst of Crypto

The crypto sector is addressing real-world financial problems despite criticism and association with scams.

Unlock the potential of LATAM's booming crypto market

Latin America is emerging as a leader in cryptocurrency adoption due to economic instability and the need for financial inclusion.

Trump is launching a cryptocurrency platform, and we have no idea what it does

Donald Trump is launching a cryptocurrency platform aimed at unbanked communities, named 'The DeFiant Ones,' to challenge traditional banking systems.

Bitcoin users are largely rich, white and banked, according to a new FDIC poll of 30,000 households

Despite high interest in cryptocurrency, actual usage among unbanked households is minimal, primarily serving as an investment rather than a financial tool for transactions.

Crypto Ghosted in U.S. Treasury Department's New Strategy on Financial Inclusion

The U.S. strategy for financial inclusion prioritizes traditional finance and views cryptocurrency primarily as a risk.

The intersection of traditional finance and cryptocurrency: Navigating the new frontier - London Business News | Londonlovesbusiness.com

Cryptocurrencies are reshaping finance by challenging traditional systems and creating new investment opportunities.

Why the Media Loves the Worst of Crypto

The crypto sector is addressing real-world financial problems despite criticism and association with scams.

Unlock the potential of LATAM's booming crypto market

Latin America is emerging as a leader in cryptocurrency adoption due to economic instability and the need for financial inclusion.

Trump is launching a cryptocurrency platform, and we have no idea what it does

Donald Trump is launching a cryptocurrency platform aimed at unbanked communities, named 'The DeFiant Ones,' to challenge traditional banking systems.

Bitcoin users are largely rich, white and banked, according to a new FDIC poll of 30,000 households

Despite high interest in cryptocurrency, actual usage among unbanked households is minimal, primarily serving as an investment rather than a financial tool for transactions.

Crypto Ghosted in U.S. Treasury Department's New Strategy on Financial Inclusion

The U.S. strategy for financial inclusion prioritizes traditional finance and views cryptocurrency primarily as a risk.
morecryptocurrency
#banking

Red Hook Gets First Retail Bank in Over a Decade

The opening of Spring Bank in Red Hook enhances local banking accessibility and aims to empower the community financially.

From Chinatown roots to SoCal's focus: How East West Bank became SoCal's largest publicly traded bank - Tearsheet

A group of Asian Americans founded East West Bank in 1973 to address unmet financial needs, challenging the status quo of the banking industry.

Red Hook welcomes Spring Bank, the neighborhood's first local bank in 10 years * Brooklyn Paper

Spring Bank opens in Red Hook, enhancing local banking accessibility and promoting financial inclusion.

Red Hook Gets First Retail Bank in Over a Decade

The opening of Spring Bank in Red Hook enhances local banking accessibility and aims to empower the community financially.

From Chinatown roots to SoCal's focus: How East West Bank became SoCal's largest publicly traded bank - Tearsheet

A group of Asian Americans founded East West Bank in 1973 to address unmet financial needs, challenging the status quo of the banking industry.

Red Hook welcomes Spring Bank, the neighborhood's first local bank in 10 years * Brooklyn Paper

Spring Bank opens in Red Hook, enhancing local banking accessibility and promoting financial inclusion.
morebanking
#blockchain-technology

New Kid on the Block: Amsterdam's Qash exits stealth mode to democratise access to the US banking system in volatile economies - Silicon Canals

Qash aims to enhance financial inclusion in emerging markets by providing access to offshore savings and investment tools.

Escaping the Payday Matrix: Ex-OpenAI & Opera Devs Code Financial Freedom for 1.4 Billion Unbanked | HackerNoon

Access to financial services is essential for billions of unbanked individuals, which sophisticated technologies can help provide.

New Kid on the Block: Amsterdam's Qash exits stealth mode to democratise access to the US banking system in volatile economies - Silicon Canals

Qash aims to enhance financial inclusion in emerging markets by providing access to offshore savings and investment tools.

Escaping the Payday Matrix: Ex-OpenAI & Opera Devs Code Financial Freedom for 1.4 Billion Unbanked | HackerNoon

Access to financial services is essential for billions of unbanked individuals, which sophisticated technologies can help provide.
moreblockchain-technology

More Americans than ever have bank accounts-FDIC boss credits this key technology

The 2023 survey shows the lowest percentage of unbanked households ever recorded, largely attributed to technological advancements, particularly safe accounts.

China's Digital Yuan: A CBDC Model Reducing Cash Dependency and Expanding Financial Access, Says WEF | HackerNoon

The WEF report praises China's digital yuan for enhancing financial inclusion while neglecting the implications of the CCP's social credit system.

Announcing the 2024 Tearsheet Lending Awards Winners - Tearsheet

The Tearsheet Lending Awards highlight top performers in the lending sector, emphasizing innovation and access to financial services.

Treasury's bank referral scheme falls flat, securing loans for only 1 in 20 small businesses

The Treasury's referral scheme has secured loans for only 5% of small business referrals, highlighting significant issues in its effectiveness.

How Discover is tapping into niche consumer segments as a pathway for growth - Tearsheet

Improving payment experiences can lead to wider access to essential services, especially for low-income consumers, impacting overall lifestyle choices.

Credit unions outperforme banks and building societies - London Business News | Londonlovesbusiness.com

UK credit unions have led customer satisfaction and value for money, outperforming banks and building societies, according to a recent consumer study.
from Modern Retail
2 months ago

Mastercard, Samsung and 7-Eleven are 2024 Greater Good Awards winners

This year's Greater Good Awards highlight innovative efforts in education, inclusion, and sustainability through community empowerment.
#bitcoin

CORVA: Want Greater Adoption Of Bitcoin? Use It To Fix Problems.

Bitcoin's adoption hinges on addressing real-world problems rather than theoretical advantages.

Elizabeth Warren Pivots on Bitcoin, Honors Nakamoto With Flag Over Capitol

Elizabeth Warren has praised the work of Bitcoin's anonymous creator, Satoshi Nakamoto, and submitted a request to commemorate Nakamoto's accomplishment.
Warren's embrace of Bitcoin aligns with her rhetoric about fighting for the financially underserved and championing economic freedoms.

CORVA: Want Greater Adoption Of Bitcoin? Use It To Fix Problems.

Bitcoin's adoption hinges on addressing real-world problems rather than theoretical advantages.

Elizabeth Warren Pivots on Bitcoin, Honors Nakamoto With Flag Over Capitol

Elizabeth Warren has praised the work of Bitcoin's anonymous creator, Satoshi Nakamoto, and submitted a request to commemorate Nakamoto's accomplishment.
Warren's embrace of Bitcoin aligns with her rhetoric about fighting for the financially underserved and championing economic freedoms.
morebitcoin

Google taps India's love for gold to boost its credit play | TechCrunch

Google Pay partners with Muthoot Finance to offer gold-backed loans, leveraging India's cultural affinity for gold to improve credit accessibility.

A New Model to Expand Credit Access Globally

Predictive cash flow modeling can enhance credit access for poor consumers, essential for improving their financial stability and overall quality of life.
#halal-mortgages

Halal mortgages are becoming popular in America

Halal mortgages offer interest-free home loans, ensuring financial access for Muslims while adhering to Islamic principles.

What are halal mortgages?

Halal mortgages provide Muslims with interest-free homeownership options, promoting financial accessibility while adhering to Islamic principles.

Halal mortgages are becoming popular in America

Halal mortgages offer interest-free home loans, ensuring financial access for Muslims while adhering to Islamic principles.

What are halal mortgages?

Halal mortgages provide Muslims with interest-free homeownership options, promoting financial accessibility while adhering to Islamic principles.
morehalal-mortgages

Onboard Secures Funding From Coinbase Ventures And LAVA To Drive Global Expansion | HackerNoon

Onboard expands from a digital money app to a comprehensive ecosystem for empowering onchain builders and creators.
from Alleywatch
3 months ago

Comun Raises $21.5M To Tackle Financial Challenges Faced by Immigrants with its Digital Banking Platform

Comun is innovating in the financial sector by providing tailored banking services for immigrants, addressing their unique challenges in credit and transaction access.
#digital-banking

Exclusive: Fast-growing neobank Comun raised $21.5M just months after its last raise

Comun's rapid fundraising success highlights its unique position in the market, driven by significant growth and addressing the needs of Latino immigrants.

How Black Banx is bridging the gap in financial inclusion - London Business News | Londonlovesbusiness.com

Black Banx innovates digital banking to enhance financial inclusivity globally.

Exclusive: Fast-growing neobank Comun raised $21.5M just months after its last raise

Comun's rapid fundraising success highlights its unique position in the market, driven by significant growth and addressing the needs of Latino immigrants.

How Black Banx is bridging the gap in financial inclusion - London Business News | Londonlovesbusiness.com

Black Banx innovates digital banking to enhance financial inclusivity globally.
moredigital-banking

Validus, a Singapore-based digital SME lending platform, secures $50M debt financing to help enterprises in Indonesia | TechCrunch

Validus raises $50 million to enhance financial access for MSMEs in Indonesia, critical for economic growth and employment.

India's CBDC Has 5M Users, Can be Phased in Gradually: Central Bank Governor

India's retail CBDC pilot has 5 million users, but a full-scale implementation is not urgent according to the central bank Governor.
#social-impact

More than plastic in your wallet: How Mastercard continues to surprise

Mastercard emphasizes purpose-driven initiatives that connect consumers' passions with meaningful causes for greater impact.

The founder building a wealth-management product her grandmother would have loved | TechCrunch

WealthMore aims to democratize access to wealth advice by lowering investment barriers to help more consumers build and understand wealth.

More than plastic in your wallet: How Mastercard continues to surprise

Mastercard emphasizes purpose-driven initiatives that connect consumers' passions with meaningful causes for greater impact.

The founder building a wealth-management product her grandmother would have loved | TechCrunch

WealthMore aims to democratize access to wealth advice by lowering investment barriers to help more consumers build and understand wealth.
moresocial-impact

Bitcoin Loves Kenya (& East Africa) | HackerNoon

Africa stands out as a prime ground for cryptocurrency adoption, with Kenya leading in normalization.

Empowering Change: SI3's "Granting Access" Event Boosts Diversity in Web3 | HackerNoon

The 'Granting Access' event by SI3 aims to promote financial inclusion and access for women and non-binary individuals in Web3.

Leader Spotlight: Taking a human-centric approach to fintech, with Suhas Reddy - LogRocket Blog

Human-centric design principles are crucial for the success of product development processes.

How thoughtful approaches to AI can lead to financial empowerment for all

Recent technological advances, like AI, offer new opportunities for financial empowerment by lowering friction and enhancing tools.
Financial well-being involves understanding and managing spending, saving, borrowing, and planning, particularly crucial for underserved groups.
AI can provide personalized financial guidance and access to services tailored to individual needs, showing potential to revolutionize financial services.

How PayJoy built a $300M business by letting the underserved use their smartphones as collateral for loans | TechCrunch

PayJoy helps underserved individuals access financial services in emerging markets by offering a buy now, pay-as-you-go model for smartphones.
The company operates in a transparent and non-predatory manner, ensuring users can return phones and walk away debt-free at any time.
#bitcoin-education

Bitcoin on Wheels: The Story of Bitcoinetas

The Bitcoineta initiative began in Argentina in 2017 to promote Bitcoin education in remote areas.
The European Bitcoineta team, led by Ariel Aguilar, continues to raise awareness about Bitcoin in Europe.

AMIDST P2P CLAMPDOWN, NIGERIA BITCOINERS EMPOWERS WOMEN WITH BITCOIN EDUCATION

Bitcoin community in Nigeria focused on empowering women through education and demystifying Bitcoin.
Event aimed to break down barriers to financial inclusion and empower women in Nigeria's digital economy.

Bitcoin on Wheels: The Story of Bitcoinetas

The Bitcoineta initiative began in Argentina in 2017 to promote Bitcoin education in remote areas.
The European Bitcoineta team, led by Ariel Aguilar, continues to raise awareness about Bitcoin in Europe.

AMIDST P2P CLAMPDOWN, NIGERIA BITCOINERS EMPOWERS WOMEN WITH BITCOIN EDUCATION

Bitcoin community in Nigeria focused on empowering women through education and demystifying Bitcoin.
Event aimed to break down barriers to financial inclusion and empower women in Nigeria's digital economy.
morebitcoin-education

There is 20 million financially underserved people across the UK with fair or poor credit scores

Users of BuildMyCreditScore saw an average 52 points increase in credit scores in 3 months.
One in ten users improved credit score by over 100 points.

How Ultra Micro Holding Connects Finance to Millions in Indonesia - SPONSOR CONTENT FROM BANK RAKYAT INDONESIA

Microfinancing provides essential financial services to entrepreneurs in emerging economies, but many still lack access to formal financial institutions.
Obstacles to financial inclusion include geographical distance, complex documentation processes, inequitable loan rates, and unregulated markets.
#financial inclusion

Editors' Picks: The top 20 campaigns from The Drum Awards 2023

'Data Tienda' by DDB Latina & DDB México for WeCapital enabled low-income Mexican women to achieve financial inclusion and autonomy through a platform that creates credit scores based on loans from local neighborhood stores.
'Jingle Therapy' by VMLY&R Commerce for SBS & Asociación de Alzheimer de Puerto Rico used the SBS' 80-year archive of famous jingles to raise awareness and improve the quality of life for those with Alzheimer's in Puerto Rico.

More Americans are expected to buy now, pay later' for the holidays. Analysts see a growing risk | amNewYork

Consumers are expected to heavily use buy now, pay later payment plans this holiday season.
Younger consumers and those with difficulty accessing credit use the loans most frequently.
Short-term installment loans drove $6.4 billion of online spending in October.

Editors' Picks: The top 20 campaigns from The Drum Awards 2023

'Data Tienda' by DDB Latina & DDB México for WeCapital enabled low-income Mexican women to achieve financial inclusion and autonomy through a platform that creates credit scores based on loans from local neighborhood stores.
'Jingle Therapy' by VMLY&R Commerce for SBS & Asociación de Alzheimer de Puerto Rico used the SBS' 80-year archive of famous jingles to raise awareness and improve the quality of life for those with Alzheimer's in Puerto Rico.

More Americans are expected to buy now, pay later' for the holidays. Analysts see a growing risk | amNewYork

Consumers are expected to heavily use buy now, pay later payment plans this holiday season.
Younger consumers and those with difficulty accessing credit use the loans most frequently.
Short-term installment loans drove $6.4 billion of online spending in October.
morefinancial inclusion

Low-Income Americans Deserve Free Artery Screening to Detect Early-Stage Heart Disease - Non Profit News | Nonprofit Quarterly

Artery screening for cardiovascular health is underutilized despite being easily accessible and essential for early detection and prevention of heart disease.
Congress could potentially fund community health clinics to provide free artery screening for patients, addressing the access gap primarily faced by low-income individuals.

Multicoin, Coinbase Ventures Invest in Latin American Stablecoin-Powered SuperApp El Dorado

Stablecoins aid Latin America's financial landscape through affordability and accessibility.

Financial education won't close the wealth gap, but these 3 things will

Living paycheck-to-paycheck can limit dreams; disparities in wealth, income, and access hinder big ambitions; steps can close wealth gap.

Senior Software Engineer - Frontend at Allocate

Making private technology-focused alternatives more accessible for investors through Allocate.

IMF Says CBDCs Could Boost Middle East's Financial Inclusion, Payment Efficiency

CBDCs may not be essential, but can improve financial inclusion and reduce financial service costs.

NAF rebrands initiative designed to boost Black homeownership

NAF rebrands initiative to NAF Black Impact, aiming to provide $20 billion in new mortgages to Black homebuyers by 2028.
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