financial inclusion

Petal Raises New Funding and Spins Off Prism Data Unit
Petal Raises New Funding and Spins Off Prism Data Unit
May 10, 2023  |  Fintech Investments

Petal has raised new funding and spun off its Prism Data unit. The spinoff results in two independent FinTech companies that leverage open banking data...

READ MORE >
FICO Opens Financial Inclusion Lab to Lenders to Expand Lending Decisions
FICO Opens Financial Inclusion Lab to Lenders to Expand Lending Decisions
May 10, 2023  |  Financial Inclusion

FICO has debuted a pair of services to help lenders make better credit decisions. The analytics company Wednesday (May 10) announced the launch of its...

READ MORE >
An Industry Insider on How Secured Cards Can Boost Credit Profiles
An Industry Insider on How Secured Cards Can Boost Credit Profiles
May 09, 2023  |  Financial Inclusion

Nearly 60% of millennials report subprime credit scores, making it harder for them to get credit from traditional sources and build a credit profile. A...

READ MORE >
Paysend and TelevisaUnivision Promote Card-to-Card Money Transfers to Latin America
Paysend and TelevisaUnivision Promote Card-to-Card Money Transfers to Latin America
May 08, 2023  |  Partnerships

Paysend and TelevisaUnivision have partnered to promote money transfers to Latin America. TelevisaUnivision, a Spanish language content and media company, will use its reach to...

READ MORE >
FinTechs Clear Credit Path for 57% of Subprime Millennials
FinTechs Clear Credit Path for 57% of Subprime Millennials
May 08, 2023  |  Financial Inclusion

With concerns over the banking system dominating the news after the collapse of Silicon Valley Bank and others, it can be easy to lose sight...

READ MORE >
FinTechs See Opportunity to Teach Credit Marginalized Consumers Financial Literacy
FinTechs See Opportunity to Teach Credit Marginalized Consumers Financial Literacy
April 28, 2023  |  Financial Inclusion

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...

READ MORE >
B2B Payments Suffer as Nigeria Promotes Cashless Economy
B2B Payments Suffer as Nigeria Promotes Cashless Economy
April 27, 2023  |  B2B Payments

The move to ban cash withdrawals from government accounts in Nigeria in an attempt to digitize its economy has been a “massive hindrance” to the...

READ MORE >
Alt Credit Models and Platforms Improve Financial Inclusion for Credit Marginalized Consumers
Alt Credit Models and Platforms Improve Financial Inclusion for Credit Marginalized Consumers
April 27, 2023  |  Financial Inclusion

The traditional ways and means of scoring credit risk — and extending credit — are leaving significant swaths of consumers disenfranchised. And it’s the emergence...

READ MORE >
Sparkle COO Says Open Banking Builds Trust by Putting Consumers in Control of Their Data
Sparkle COO Says Open Banking Builds Trust by Putting Consumers in Control of Their Data
April 19, 2023  |  Digital Banking

After years of advocacy, open banking is now live in Nigeria, the first country in sub-Saharan Africa to adopt the regulation. The launch marks an...

READ MORE >