Faster Payments Council

APRIL 29, 2021

It is really critical to think about how we, as an ecosystem, can come together and drive the right financial services for unserved and underserved consumers and small businesses." Panelists agreed that consumer protections, continued education, and efforts to upgrade legacy systems were of paramount importance.

Financial Inclusion 68

Financial Inclusion Faster Payments FPC Financial Literacy 68

The Payments Association

MARCH 18, 2025

In India, telecom data is being leveraged to assess first-time borrowers, while in Kenya, mobile money transaction data is already driving credit underwriting for underserved populations. While some governments prioritise competition and innovation, others focus on financial inclusion, consumer protection, or market-driven adoption.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

The Fintech Times

MAY 19, 2024

“AFC member companies are at the forefront of utilising emerging technology to benefit consumers and businesses and helping reach customers previously underserved by the financial system. AFC provides a terrific forum to discuss emerging trends, to educate stakeholders, and to address investment and growth challenges.”

FinTech 64

FinTech Underserved Advisors Consumer Protection 64

Faster Payments Council

FEBRUARY 18, 2021

The Financial Inclusion Work Group will create a blueprint for leveraging faster payments to accelerate access to the financial system for unbanked and underserved Americans. But faster is not always better, so we need to get strong consumer protections in place to prevent fraud, loss, and abusive practices."

Financial Inclusion 68

Financial Inclusion Faster Payments FPC Cross-Border Payments 68

The Fintech Times

JANUARY 3, 2024

“Our members are setting the standard for the responsible use of consumer data and utilising innovation to increase competition in the financial services industry to improve access particularly to families historically underserved,” said Phil Goldfeder , chief executive officer of AFC.

CFPB 69

CFPB Consumer Financial Protection Bureau (CFPB) FinTech Underserved 69

The Fintech Times

APRIL 3, 2024

Located at the Fintech Innovation Hub by Delaware Tech Park on the University of Delaware campus, CAFE is a non-profit organisation that advances financial health and wellness for low to moderate-income (LMI) and other underserved populations through fintech innovation and partnerships.

FinTech 64

FinTech Underserved Non-Bank Innovation 64

Fintech Review

APRIL 11, 2025

Financial Inclusion Fintech improves access to credit, savings, and insurance in underserved markets. Policymakers face the challenge of encouraging innovation while safeguarding consumers and preserving financial stability. Consumer protection is a top priority.

FinTech 52

FinTech Online and Mobile Banking Payment APIs and Integration Cross-Border 52

Fintech Finance

JUNE 7, 2024

“The survey highlighted concerns related to fee variability, cross-border payment capabilities, and the essential need for stronger consumer protections and trust-building measures. ” Only 56% of respondents currently offer faster payments, with an additional 35% planning to do so.

Financial Inclusion 64

Financial Inclusion Faster Payments FPC Cross-Border Payments 64

Fintech News

DECEMBER 13, 2024

Furthermore, stablecoins enhance financial inclusion by providing an accessible entry point for the unbanked and underserved populations in Asia, effectively digitizing local currencies. It must be the upmost critical priority in order to make sure stablecoins remain, stable.

Stablecoins 107

Stablecoins Cross-Border Cross-Border Payments Caps 107

The Fintech Times

MARCH 16, 2024

Phil Goldfeder, CEO, AFC “Under the guise of consumer protection, these bills in Rhode Island and DC will harm consumers who need access to safe and affordable financial services and will put local state-chartered banks at a disadvantage,” said Phil Goldfeder , chief executive officer of AFC.

Community Banks 59

Community Banks Consumer Protection Regulatory Compliance FinTech 59

PYMNTS

MARCH 7, 2017

Cordray also noted the two principles that the federal agency aims to uphold in accordance with those areas: to ensure there is a level playing field for all providers of consumer financial services and products and to urge those providers to build in consumer protections and compliance from the start.

CFPB 49

CFPB FinTech Consumer Protection Underserved 49

Fintech News

FEBRUARY 10, 2025

Expanding financial opportunities to previously underserved populations fosters economic growth and stability. Governments and financial regulators are introducing guidelines to ensure that AI-driven lending practices are transparent, fair, and compliant with consumer protection laws.

AI 85

AI Assessments Mitigation Regulations 85

The Fintech Times

APRIL 23, 2024

. ‘Connecting for Change: MUFG’s Strategy for Fintech Integration’ at Money 20/20 Asia in Bangkok, Thailand On the agenda During the morning’s activities on the Vision stage, a keynote session led by Daranee Saeju , assistant governor, payment systems policy and financial consumer protection group from the Bank of Thailand, highlighted (..)

Payment APIs and Integration 59

Payment APIs and Integration Cross-Border Cross-Border Payments CBDC 59

The Fintech Times

AUGUST 28, 2024

Ecosystem setup Bank Indonesia oversees monetary policy, while the Indonesian Financial Services Authority (OJK), is responsible for oversight of peer-to-peer (P2P) lending, digital banking, crowdfunding, financial data security, technology in insurance, and financial consumer protection.

FinTech 69

FinTech Economy Authorization Underserved 69

The Fintech Times

MARCH 5, 2024

Yabx has been on this journey to build this credit infrastructure ground up and enable financial access for the underserved. million consumers and MSMEs through the platform. These achievements have impressive real-world implications with individuals in underserved regions. Just in 2023 Yabx disbursed over 20 million loans to 2.4

Financial Literacy 64

Financial Literacy Financial Inclusion Underserved FinTech 64

FICO

JANUARY 4, 2018

Explained author Campbell Scott , “The scoring methodology was developed by EFL Global and marketed by FICO as part of our FICO Financial Inclusion Initiative , designed to open up credit markets around the world to a larger number of unbanked and underserved consumers.

Risk 58

Risk Posting Credit Risk Regulatory Compliance 58

Clearly Payments

FEBRUARY 12, 2024

As global payment networks, they must navigate complex regulatory frameworks governing payment processing, AML/CFT , and consumer protection in multiple jurisdictions. Financial regulations and compliance requirements also shape Visa and Mastercard’s operations.

Visa 105

Visa Payments Payment Networks Online and Mobile Banking 105

The Fintech Times

OCTOBER 3, 2024

According to the Bank of Papua New Guinea, it aims to improve: Financial education and literacy Growth of financial service providers Innovative models of financial service delivery Consumer protection and data Have these efforts paid off? All these efforts to improve access to finance have resulted in a rise in deposit bank accounts.

Financial Inclusion 52

Financial Inclusion Financial Literacy Governance Government 52

FICO

JANUARY 5, 2023

Just in the last few months, both Freddie Mac and Fannie Mae announced that their respective automated underwriting systems will consider consumer-permissioned cash flow data in the assessment process that will provide key benefits for first-time homebuyers and underserved communities.

BNPL 52

BNPL CFPB Consumer Financial Protection Bureau (CFPB) Privacy 52

Faster Payments Council

MARCH 30, 2022

Attend this session to hear a discussion on financial inclusion, authentication, and consumer protections. This panel will cover lessons learned from other countries regarding the end-user experience. Panelists will share takeaways on the faster payments experience in the UK, Africa, India as well as for cross-border transactions.

FPC 88

FPC Faster Payments Cross-Border Financial Inclusion 88

Fintech News

APRIL 1, 2025

This is part of a proposed asset-backed securities (ABS) issuance aimed at broadening financial access for underserved communities. It plans to share international best practices in responsible finance, digital microcredit, and consumer protection.

Best Practices 88

Best Practices Underserved Consumer Protection Risk Management 88

The Fintech Times

APRIL 5, 2025

In its letter, AFC focuses particularly on the impact partnerships can have on underserved communities. “We commend Chairman French Hill for his leadership in exploring a legislative framework to modernise oversight and create an environment where both responsible innovation and consumer protection can thrive.

Community Banks 59

Community Banks Deposit Account Underserved BNPL 59

Fintech Review

JANUARY 14, 2025

One of the growing trends, neobanks target underserved segments, including small businesses and freelancers. Digital solutions provide access to financial services for underserved populations. Clear guidelines are needed to balance innovation with consumer protection and market stability.

Embedded Finance 59

Embedded Finance FinTech Payment APIs and Integration Financial Inclusion 59

The Fintech Times

JANUARY 18, 2025

Fintechs operate in a fast-moving environment, but social impact often intersects with time-consuming areas such as consumer protection and data privacy. “Fintechs aiming for positive social impact face several challenges: Data privacy and security: Protecting user data is crucial.

FinTech 59

FinTech Financial Inclusion Underserved Cybersecurity 59

Fintech Review

NOVEMBER 12, 2024

By joining forces, they can combine their strengths to improve financial services and reach underserved populations. Governments and regulators recognise the potential benefits of these collaborations for financial inclusion and consumer protection. Regulatory pressures also encourage these partnerships.

FinTech 105

FinTech Financial Inclusion Regulatory Compliance Compliance 105

The Fintech Times

JANUARY 24, 2025

The Duty requires financial institutions to act in their customers best interests, prompting firms to address the needs of all customer groups, particularly those who might otherwise be underserved or overlooked.

Financial Inclusion 59

Financial Inclusion Due Diligence FinTech Risk Management 59