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Deep Dive: Paper Checks: The Bane Of Student Disbursements?

PYMNTS

Many depend on scholarships, loans or grants to pay these bills, and late disbursements of such payments can add frustration to students’ already stressful lives. Myriad universities still use paper checks to send tuition or housing payments, despite the well-documented inefficiencies. The check problem.

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Digital Banking Challenger AidBanc Tackles the Money Management Headaches of Global Non-Profits (Fintech Startup of the Week)

Fintech Labs Insights

A startup from Little Rock, Arkansas, founded by West African immigrants, tackling a huge and important problem, managing the global banking & money transfers for NGOs. Previously, he founded cross-border payment specialist LumoXchange which closed down in early 2020 when it failed to attract sufficient new investment.