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.

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.

The partnership also focuses on designing and supporting cottage, micro, small, and medium enterprises.

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. 

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 and Zogo bring together expertise and resources to tackle ongoing financial challenges faced by everyday Americans.

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.

During the COP28 climate conference held in Dubai, Bangladesh has secured the Global Center on Adaptation Locally Led Adaptation championship Award in the category of Innovation in Developing Finance.

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.

The extension of the Local Government Initiative on Climate Change Project will be implemented in two districts of Bangladesh to strengthen communities' resilience to the impacts of climate change.