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Community Finance Overhaul: Addressing Financial Exclusion in the UK

The Fintech Times

The Payments Association has highlighted the urgent need to improve access to affordable financial services in the UK, outlining the potential of community finance options like credit unions. “Community finance providers, such as credit unions and community development finance institutions, play a vital role in bridging this gap.

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The Payments Association Echoes Industry Calls for Policymakers and the Fintech Sector to Support Consumers With Community Finance

Fintech Finance

The association’s newly released paper: “ Redefining Community Finance: Unlocking Pathways to Financial Inclusion ” highlights the potential of these institutions but also the significant barriers hindering their growth. million Britons in severe financial difficulty. The Debt Justice reports a record 6.7

Finance 52
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From Compliance to Competitive Edge: The Open Finance Revolution in Asia

Fintech News

Regulatory changes across the region encourage the adoption of Open Finance by fostering innovation, competition, and financial inclusion. These partnerships accelerate innovation and enable financial entities to reach underserved segments of the population to offer tailored financial products and services.

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New Mastercard Report Reveals Key Trends & Opportunities to Digitize Remittances in Latin America and the Caribbean

Fintech Finance

Mastercard has released a whitepaper on the state of remittances, also known as cross-border payments, in Latin America. Remittances play a key role in strengthening financial inclusion in the region, boosting economies, and alleviating poverty –often serving as an essential source of income for people in low- and middle-income communities.

Visa 52
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5 Things to Know About SGQR+, Singapore’s Unified Payments QR

Fintech News

The whitepaper studying this transformative era is supported by data and research from the SGQR+ POC, undertaken by the EY organisation, Banking Computer Services (BCS), and MAS. This broader perspective facilitates alternative credit scoring methods, potentially increasing lending to previously unserved or underserved segments.