PYMNTS-MonitorEdge-May-2024

financial inclusion

EBA: Asylum Seekers Needlessly Blocked by EU Banks
EBA: Asylum Seekers Needlessly Blocked by EU Banks
January 05, 2022  |  International

The European Banking Authority (EBA) says banks in the European Union are blocking asylum seekers and other customers in misguided attempts to adhere to anti-money...

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UK Tests Shared BankHubs in Communities With No Branches
UK Tests Shared BankHubs in Communities With No Branches
January 03, 2022  |  Banking

A pilot program between U.K. bank Cambuslang and the U.K. state-owned Post Office could help give more access to in-person banking for those in need,...

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Anda Launches, Driving Hispanic Financial Inclusion
Anda Launches, Driving Hispanic Financial Inclusion
January 03, 2022  |  Digital Banking

Digital bank account Anda, launched by Assembled Financial, is striving to help the Hispanic population boost wealth with a cryptocurrency-centered rewards program, LA Business Journal reported...

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Kenya Looks to FinTech, Credit Union Convergence to Advance Growth
Kenya Looks to FinTech, Credit Union Convergence to Advance Growth
December 29, 2021  |  International

Credit unions have served as a financial backbone to millions of households in Africa for decades, with some 39,000 organizations across the continent providing small...

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Ant Group to Shutter Xiang Hu Bao Mutual Aid Platform
Ant Group to Shutter Xiang Hu Bao Mutual Aid Platform
December 28, 2021  |  International

China’s Ant Group plans to close its Xiang Hu Bao mutual aid platform next month, a move that comes as the country’s government continues its...

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Boston FinTech GiveCard Helps Unhoused Find Homes
Boston FinTech GiveCard Helps Unhoused Find Homes
December 27, 2021  |  Financial Inclusion

“They’ll just use it to buy drugs.” It’s a rationale you’ve likely heard before in discussions of giving money to homeless people. The founders of...

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Kaepernick SPAC Deal With The Change Co. Fizzles
Kaepernick SPAC Deal With The Change Co. Fizzles
December 26, 2021  |  SPAC

Colin Kaepernick’s deal to buy a company with his SPAC, Mission Advancement Corp., has now been killed, The Wall Street Journal (WSJ) writes. The SPAC...

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Investments in Financial Education Empowers FIs and Their Customers
Investments in Financial Education Empowers FIs and Their Customers
December 23, 2021  |  Banking

Financial institutions (FIs) that offer financial education to consumers find that it helps to build trust, Alexis Castorina, head of consumer education for Early Warning®,...

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Cross-Border FinTech Startup TapTap Send Raises $65M
Cross-Border FinTech Startup TapTap Send Raises $65M
December 21, 2021  |  Startups

Cross-border FinTech platform Taptap Send announced Monday (Dec. 20) that it has raised $65 million in a Series B funding round led by Spark Capital....

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