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Research indicates that underbanked communities feel the sector will change significantly in the next few years
Branches offering Bank On certified accounts have risen significantly as the US seeks to address its “unbanked” population
Almost half of all US bank branches offer a Bank On-certified account
Recommendations include Bank On-certified accounts, greater flexibility around identification and financial education
‘Perpetuation of inequality is a deepening problem, while pace of technology is increasing’ says Acting Comptroller
First-of-its-kind competition challenges organisations to identify resources and tools for unbanked people across the US
The initiative has proven successful in addressing the needs of the US’s unbanked population
New report finds unbanked and underbanked challenges require a multifaceted approach
They are heavily reliant on cashing paychecks and thus paying by cash
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