financial inclusion

Federal Reserve Governor Says CBDC Risks Likely Greater Than Benefits
Federal Reserve Governor Says CBDC Risks Likely Greater Than Benefits
April 18, 2023  |  CBDC

It’s unlikely that the benefits of a central bank digital currency (CBDC) would be greater than the potential risks. So said Federal Reserve Governor Michelle...

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NYDFS Expands Banking Program to Reach Underserved Customers
NYDFS Expands Banking Program to Reach Underserved Customers
April 13, 2023  |  Financial Inclusion

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...

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The Inside Take on AI’s Role in Streamlining Lending for All
The Inside Take on AI’s Role in Streamlining Lending for All
April 12, 2023  |  Loans

Instant disbursements adoption set new records in 2022 — except in lending, where two-thirds of FinTech FI customers would eagerly pay extra for instant disbursements....

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South Africa’s RTP Scheme Hopes to Turn Highly Banked, Cash-Centric Consumers Into RTP Users
South Africa’s RTP Scheme Hopes to Turn Highly Banked, Cash-Centric Consumers Into RTP Users
April 10, 2023  |  Digital Payments

Compared to other African markets which have high levels of unbanked populations, more than 80% of South Africa’s population has access to a bank account....

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Banks Offer Promos to Retain Depositors Following SVB Crisis
Banks Offer Promos to Retain Depositors Following SVB Crisis
April 06, 2023  |  Banking

American lenders are offering promotions to attract customers after the banking crisis scared off depositors. Banks have begun offering signing bonuses for customers who start...

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FinFit and Salary Finance Merge and Integrate Financial Wellness Offerings
FinFit and Salary Finance Merge and Integrate Financial Wellness Offerings
April 05, 2023  |  Partnerships / Acquisitions

FinFit and Salary Finance U.S. have merged and will integrate their financial wellness employee benefits. The combined organization will operate under the FinFit brand. Its...

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Cross River and FinClusive Partner on Compliance-Driven Financial Services
Cross River and FinClusive Partner on Compliance-Driven Financial Services
March 31, 2023  |  Partnerships

Cross River and FinClusive have partnered to deliver financial services to underserved communities. Working together, Cross River’s embedded finance solutions and FinClusive’s Compliance-as-a-Service (CaaS) infrastructure...

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Billions of People and Trillions of Transactions Define the PayFac Opportunity in Emerging Markets
Billions of People and Trillions of Transactions Define the PayFac Opportunity in Emerging Markets
March 29, 2023  |  Payment Methods

Forging a 21st century commerce ecosystem on a global scale means changing consumer behavior, and merchant mindsets, particularly in markets where digital remains a small...

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KreditBee Teams With PayU to Offer Cardless Installment Payments
KreditBee Teams With PayU to Offer Cardless Installment Payments
March 22, 2023  |  Payment Methods

Indian lender KreditBee has teamed with PayU to let consumers pay for purchases in installments. The partnership, announced Wednesday (March 22), lets PayU merchants work...

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