PYMNTS-MonitorEdge-May-2024

financial inclusion

TransUnion Invests in UK Open Banking Firm Bud Financial
TransUnion Invests in UK Open Banking Firm Bud Financial
January 31, 2023  |  Investments

TransUnion has invested in British open banking and data intelligence firm Bud Financial Limited. The global information and insights company said in a Tuesday (Jan....

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Cash App Launches New Feature to Help Consumers With Savings
Cash App Launches New Feature to Help Consumers With Savings
January 31, 2023  |  Personal Finance

Cash App has launched a new feature that helps consumers with their savings. Designed to make it easy for people to save for the first...

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Machine Learning Helps Expand Credit Access In Emerging Markets
Machine Learning Helps Expand Credit Access In Emerging Markets
January 29, 2023  |  Digital-First Banking

Artificial intelligence (AI) is helping increase access to financial services in Africa. In recent years, advances in machine learning, a type of AI, have had...

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NYDFS Slaps Cap on Check Cashing Fees
NYDFS Slaps Cap on Check Cashing Fees
January 19, 2023  |  Regulation

Check cashing fees are getting a makeover in New York. New York’s Department of Financial Services said Wednesday (Jan. 18) that it is updating regulations...

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Wells Fargo Narrows Focus of Home Lending Business
Wells Fargo Narrows Focus of Home Lending Business
January 11, 2023  |  Banking

Wells Fargo is shrinking and simplifying its home lending business. The business will now focus on bank customers and minority communities, while the bank exits...

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Consumer Education Reaps Loyalty Benefits for Financial Institutions
Consumer Education Reaps Loyalty Benefits for Financial Institutions
January 09, 2023  |  Financial Inclusion

Financial institutions have an opportunity to provide customers with the financial literacy tools they want. January is Financial Wellness Month, and as inflation continues to...

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Nigeria’s Cash Crackdown Stands in Contrast to EU’s Pro-Cash Agenda
Nigeria’s Cash Crackdown Stands in Contrast to EU’s Pro-Cash Agenda
January 08, 2023  |  Cash

The Central Bank of Nigeria (CBN) is taking a tough stance on the cash economy. On Monday (Jan. 9), new limits on ATM withdrawals come...

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Sezzle Expands Credit-Building Service to Canada
Sezzle Expands Credit-Building Service to Canada
December 29, 2022  |  Buy Now Pay Later

Sezzle is now offering its credit-building service Sezzle Up in Canada. Already available in the United States, Sezzle Up now enables users of Sezzle’s buy...

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Banks and FinTechs See Collaborative Opportunity to Reach Emerging Market Consumers
Banks and FinTechs See Collaborative Opportunity to Reach Emerging Market Consumers
December 29, 2022  |  Financial Inclusion

Brazil proves boosting financial inclusion and giving underserved populations bank account access is a smartphone away. PayU Global Payments CEO Mario Shiliashki said it will...

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