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3 Ways Financial Institutions Can Step Up for Underserved Communities

Perficient

The financial services industry must consider its customer experience game while also grappling with a sense of distrust from many communities due to systematic barriers, maintaining utmost accessibility due to the essentiality of the business, and the lack of financial literacy across the country. Trust and Transparency. .

Community 275
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MOXY Preps Launch Of New Community Bank With NYMBUS

PYMNTS

MOXY bank , preparing to be one of the first new community banks to launch in the U.S. Following approval by the Federal Deposit Insurance Corporation (FDIC) and Washington, D.C.’s In addition to MOXY, two other community banks, Vision Bank and Trustar Bank, are looking to launch in the area.

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Green Dot To Launch Mobile Banking For US Immigrants

PYMNTS

Hispanic immigrants have access to actual banking services, the release states, citing an FDIC survey. We are challenging the status quo to ensure immigrant communities get fair and secure financial options.”.

Mobile 248
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Why Migrant Workers Need Financial Service Offerings All Their Own

PYMNTS

As Magnus Larsson, CEO of Majority , told PYMNTS in an interview shortly after the firm’s launch, no matter where they are from, where they work or how much they make, migrant workers all face a common problem in the United States: Financial services are not always easy to secure. For $5 per month, Majority members in the U.S. headquarters.

Community 126
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Why Migrant Workers Need Their Own Financial Services

PYMNTS

As Magnus Larsson, CEO of Majority , told PYMNTS in an interview shortly after the firm’s launch, no matter where they are from, where they work or how much they make, migrant workers all face a common problem in the United States: Financial services are not always easy to secure. For $5 per month, Majority members in the U.S. headquarters.

Community 116
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More Gain, Less Pain

Independent Banker

Previewing an easier-to-use format of the FFIEC’s IT security assessment. Bad news: In its original form, it’s awkward to use—and may become part of those dreaded IT security exams. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., By Ellen Ryan. See sidebar for details on the tool itself.).

Tools 70
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More Gain, Less Pain

Independent Banker

Previewing an easier-to-use format of the FFIEC’s IT security assessment. Bad news: In its original form, it’s awkward to use—and may become part of those dreaded IT security exams. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., By Ellen Ryan. See sidebar for details on the tool itself.).

Tools 70