All News and Announcements
FPC Releases Guideline for Financial Institutions on Instant Payments
The US Faster Payments Council has released ‘Operational Considerations for Receiving Instant Payments’, a guideline for financial institutions on instant payments, including RTP and FedNow.
Iowa Credit Union Foundation Announces $50,000 in Grants to Increase Financial Inclusion in Iowa
Financial Inclusion Grants direct funding to organizations serving minority populations in policy areas covered by the report: affordable housing, business ownership, childcare, education, employment, and health access and outcomes.
Grameen America Plans to Invest $40 Billion for Underserved Women of USA in Next Ten Years
To expand access to affordable capital for women entrepreneurs, Wells Fargo made a $3.25 million grant over three years to help Grameen America expand its operations to Phoenix, Arizona and advance the organization’s technology and digital platforms.
United States: Native CDFIs Connect Indian Country to Credit and Capital
Native Community Development Financial Institutions (CDFIs) emerged to help address credit and capital challenges and provide Native communities and residents with an alternative to mainstream banks.
OppFi Addresses Financial Literacy Through Social Impact Collaboration With Financial Education Platform Zogo
OppFi and Zogo bring together expertise and resources to tackle ongoing financial challenges faced by everyday Americans.
Mizuho Americas Increases Its Commitment to Grameen America
Mizuho provided $5 million in debt capital to Grameen America and its microlending program as part of the firm’s ongoing commitment to CDFIs and financial inclusion.
Swedfund Invests $5 Million in Bridge Bank Microfinance to Enhance Financial Inclusion in Côte D’Ivoire
The investment aims to strengthen financial assistance for micro, small and medium scale enterprises (MSMEs), particularly those owned by women in Côte D’Ivoire.
British International Investment and Compagnie Financière Africaine (COFINA) Advance Gender Finance for Small Businesses in Côte D’Ivoire Through EUR 14 Million Loan
The partnership will enhance local Micro-, Small- and Medium-sized Enterprises’ access to much needed credit for business growth, help create jobs and address gender finance gap.
Iowa Credit Union Foundation Announces $150,000 Grant Initiative to Increase Financial Inclusion in Iowa
The Iowa Credit Union Foundation recently announced a new three-year, $150,000 investment in a grant initiative that will address barriers to financial well-being for minority populations in Iowa.
FICO launches Inclusion Accelerator Program and Financial Inclusion Lab
FICO is launching its Inclusion Accelerator Program and Financial Inclusion Lab, which represents the next phase of its commitment to financial inclusion innovation while making it easy for the market to rapidly test and adopt alternative data solutions