The Covid-19 pandemic put a damper on a lot of progress over the last three years, but for financial inclusion it was a catalyst that drove a large increase in digital payments amid the global expansion of formal financial services. This expansion created new economic opportunities, narrowing the gender gap in account ownership, and building households’
Category: FINANCIAL SERVICE
Consumers are targeted by new types of scams and fraud as digitalization and innovations in the financial markets boom. © Tyler Olson/Shutterstock The cascade of crises facing consumers, from COVID-19 to food and energy price shocks due to the war in Ukraine and climate change, puts billions of people in a vulnerable situation. The digital
The Financial Services Group at lobbying firm Ballard Partners is approaching its two-year anniversary, and just like the industries it specializes in, it’s growing at a rapid pace. Ballard Partners launched the practice in August 2020 and brought on former Florida Chief Financial Officer Jeff Atwater to run the show. Though many know Atwater for
Digitalization is the name of the game for modern businesses, so more companies require financial services. As a forward-thinking business leader, you may already be using online financial services or “fintech.” However, catching up on the trends is not enough. You want to ensure your company has the best setup for online financial services. Otherwise,
According to NACHA (National Automated Clearing House Association), the ACH Network registered 7.3 billion payments in Q1of 2022. A high-risk ACH payment solution helps merchants effectively generate revenue without the need to rely on offline payment methods. How can you, as a high risk merchant, process ACH payments and benefit from them? High-Risk ACH ACH
Legislation to enhance the competitiveness of UK financial services and unlock growth and investment across the UK was introduced to Parliament today (20th July). The Financial Services and Markets Bill repeals hundreds of pieces of EU retained law to enable a coherent, agile and internationally respected regime that works in the interests of the British
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) filed a lawsuit today accusing payday lender ACE Cash Express of concealing free repayment plans from struggling borrowers. Because of ACE’s illegal practices, individual borrowers paid hundreds or thousands of dollars in reborrowing fees, when they were in fact eligible for free repayment plans. These practices
Consumer brands like Home Depot, Playstation, and Coach will generate millions in revenue and … [+] strengthen customer loyalty through embedded finance strategies. (Photo by Brad Barket/Getty Images ) Getty Images OBSERVATIONS FROM THE FINTECH SNARK TANK Embedded finance has become a popular topic in the banking and retail industries. What is it? Embedded finance
Lendmark Financial Services, a leading provider of household credit and consumer loan solutions, continued to expand its Louisiana footprint, opening a branch in Hammond last month. The branch is located at 1905 W. Thomas St., Suite N. Lendmark anticipates serving more than 500 customers in Hammond in its first year. The company complements its in-person