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Concerns Over Financial Inclusion Gap in Rural Areas Amid More Bank Closures

The Fintech Times

At Bluevine, inclusive banking is at the core of our services, and we’ve worked to ensure that our digital banking experience allows our customers to access services like access to capital and credit via digital channels.

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Lloyds Explores SME Compensation After HBOS Scandal

PYMNTS

Lloyds moved closer with possible plans to compensate small businesses affected by the HBOS bribery scandal. SME Council and had previously reviewed a slew of bank closures at the request of the British Bankers’ Association, according to reports. The alleged scandal occurred before Lloyds acquired HBOS in 2009.

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Chase Initiative Sparks Debate Over ‘Bank Deserts’ And SMBs

PYMNTS

The idea behind Chase’s initiative, which will see the first of those new branches rolling out in October, is to support small businesses (SMBs) and entrepreneurs, which are considered to be especially negatively affected by branch closures. Financial institutions (FIs) in the U.S. over the next five years.

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Banking-As-A-Service Takes On The Underbanked SMB

PYMNTS

Consumers aren’t the only ones struggling to cope with the lack of a bank presence in their communities, forcing them to use expensive non-bank financial products like money transfer and check-cashing services. Regional Banks, Credit Unions Compete. Branch Deserts. ”