Search Results for: financial inequality

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Financial Inclusion through Digital Payments

Prajakta Ayade
In today’s rapidly evolving global economy, access to financial services is more than just a convenience; it’s a necessity for individuals and communities to move forward, and thrive.  However, traditional banking services often fail to reach marginalized and underserved populations, leaving them excluded from the formal financial system. This lack......
Financial Expert Implores Industry Regulators to Reevaluate Anti-Money Laundering Initiatives
Finance Fintech News

Financial Expert Implores Industry Regulators to Reevaluate Anti-Money Laundering Initiatives

PR Newswire
New book shares the societal impacts of dirty money, and suggests that more could be done to prevent it After more than 20 years in the financial industry, Dawn Pretorius believes that the current anti-money laundering initiatives are not enough to deter or punish criminals. In her newest book, “The Shepherds of......
Cross River and Operation Hope Provide Life-Changing Improvement for Consumers’ Financial Health
Finance News

Cross River and Operation Hope Provide Life-Changing Improvement for Consumers’ Financial Health

Business Wire
Financial literacy program aided in reducing client debt during challenging environment where Federal Reserve saw consumer credit rates increase Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, is pleased to share mid-year results from its partnership with Operation Hope: HOPE Inside Cross River, which provides life-changing......
Synchrony Joins Operation HOPE's National 'Financial Literacy for All' Initiative
Finance News

Synchrony Joins Operation HOPE’s National ‘Financial Literacy for All’ Initiative

PR Newswire
Advances Access to Youth and Adults with Financial Education Synchrony, a premier consumer financial services company, announced it has become a member company of Financial Literacy for All (FL4ALL) – a national initiative dedicated to embedding financial literacy into American culture. Launched in May 2021 by Operation HOPE and a consortium of U.S. companies, including......
PayPal and the Congressional Black Caucus Institute Release New Research Examining the Racial Financial Health Gap
Fintech News

PayPal and the Congressional Black Caucus Institute Release New Research Examining the Racial Financial Health Gap

Fintech News Desk
Research conducted in partnership with Dillard University and Wiley College outlines the opportunity for the financial services industry to economically empower the Black community and advance racial justice PayPal Holdings, Inc. and the Congressional Black Caucus Institute (CBCI), in partnership with two historically Black colleges and universities (HBCUs) Dillard University and Wiley College, released......
PayPal Commits Over $100 Million to Advance Financial Inclusion and Economic Empowerment of Women and Girls
Digital Economy Finance Fintech Investments News

PayPal Commits Over $100 Million to Advance Financial Inclusion and Economic Empowerment of Women and Girls

Fintech News Desk
The commitment is part of PayPal’s mission to build a more inclusive global economy and its role as a Generation Equality Forum Action Coalition Private Sector Lead PayPal Holdings, Inc. announced a more than $100 million commitment to advance financial inclusion and economic empowerment for women and girls around the world over......
PayPal Deposits $135 Million in Financial Institutions Serving Black and Underserved Communities as Part of $535 Million Commitment to Advance Racial Equity
Finance Fintech Investments News

PayPal Deposits $135 Million in Financial Institutions Serving Black and Underserved Communities as Part of $535 Million Commitment to Advance Racial Equity

Fintech News Desk
PayPal Holdings, Inc. announced it will deposit $135 million of its capital into mission-driven financial institutions and management funds that help underserved communities of color to fight barriers to economic equity, including Hope Credit Union,  OneUnited Bank, Self-Help Federal Credit Union, CNote’s Wisdom Fund and various smaller institutions through a CNote Promise Account. These investments are part of PayPal’s $535 million commitment to strengthen Black businesses and underserved communities, and help drive......
Finastra Announces Winner Of Its Hackathon To Tackle Bias In Financial Services
Fintech News

Finastra Announces Winner Of Its Hackathon To Tackle Bias In Financial Services

Fintech News Desk
Savings community app crowned in Finastra’s Hack to the Future 3 Finastra has announced the winner of its recent hackathon – Hack to the Future 3. Launched to help build an unbiased fintech future, the event saw over 600 participants from more than 50 countries, including Antarctica. With many women-led and diverse teams of......
On International Women's Day, Credello Explores Gender Inequality in the Housing Market
Fintech News

On International Women’s Day, Credello Explores Gender Inequality in the Housing Market

Fintech News Desk
Single women are becoming homeowners at a faster rate than single men (score!), accounting for 19% of first-time buyers compared to 11% of unattached men. The median age of these female buyers is 33. Great, right? Millennial ladies are shoving the men aside and ascending the throne of real estate royalty. They’re deciding that home ownership is worth it—after knowing what it’s......
Fintech Equality Coalition Created to Help Fight Racial Inequality in the Industry
Fintech News

Fintech Equality Coalition Created to Help Fight Racial Inequality in the Industry

Fintech News Desk
Coalition is composed of fintech companies working together to actively fight inequality within the industry and in society. Leaders of the fintech industry announced the creation of the Fintech Equality Coalition. The coalition will function as a working group to actively fight inequality both within the fintech industry as well......
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