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Latest Results from /inclusion

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Ajman Bank and Mastercard team on card for visually impaired

United Arab Emirates-based Ajman Bank has joined forces with Mastercard to launch a card for blind and partially sighted customers.

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MPs call for 'Big Bang' to free up challenger banks

The UK should broaden its open banking model to accelerate the growth of fintech as part of a wider new financial services "Big Bang", according to a group of MPs.

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Pomelo raises $20m to combine credit and international money transfers

Having secured $20 million in seed funding, Pomelo has launched its credit card that enables families in the US to extend their credit abroad while avoiding remittance fees.

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India's RBI tightens rules for digital lenders

India's central bank has introduced new guidelines for digital lending firms designed to improve transparency and data protection.

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Stackwell raises $3.5m to tackle racial wealth gap

Stackwell, a digital investment platform targeting the black community, has raised $3.5 million in a seed funding round.

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Umba buys majority stake in Kenyan microfinance lender

Umba, a digital banking outfit operating in Nigeria, has acquired a 66.6% stake in Kenyan microfinance bank Daraja as it seeks to expand across the continent.

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Swift could face challenge in new era for cross-border payments - EIU

The Russian invasion of Ukraine will cause disruption to cross-border payment systems and could, in conjunction with technological advances, challenge the dominance of the Swift network, predicts a paper from the Economist Intelligence Unit (EIU).

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Pakistan's Dbank raises $17.6m

Dbank, a Pakistani fintech founded by two former Google staffers, has raised $17.6 million in a seed funding round co-led by Sequoia Southeast Asia and Kleiner Perkins.

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HSBC aims for trans inclusivity by ditching gender data collection

The UK arm of HSBC is set to stop collecting data on the gender of customers of some of its products in order to be more inclusive towards non-binary and trans people, according to Bloomberg.

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Brazil's Neon raises $80m to boost credit card push

Brazilian digital bank Neon has raised $80 million for its first Credit Rights Investment Fund (FIDC) focused on credit cards.

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AIB makes u-turn on decision to scrap ATMs following backlash

In a media release circulated by Paddy McDonnell, head of media relations for AIB, the bank announced it will retain its 170-strong branch network and will not remove cash services from 70 of its branches - a reversal on its announcement earlier this week.

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Morgan Stanley and Mastercard back credit-building startup TomoCredit

TomoCredit, the US startup behind a credit card designed to help first-time borrowers build credit history, has raised $22 million in a Series B funding round joined by Morgan Stanley's Next Level Fund and Mastercard.