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.

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.

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 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

Through this partnership, Fintel Connect will provide Cheese with its cutting-edge performance marketing technology to help the company offer affordable credit solutions to underbanked consumers in the United States of America.

Commonwealth and JPMorgan Chase have announced the next phase of their collaboration to address the challenges and opportunities that emerging technologies present for advancing financial inclusion of US workers earning low and moderate incomes.