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Latest Results from /inclusion

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HSBC offers homeless people bank accounts

HSBC is working with charities in the UK to help homeless people who do not have fixed addresses or photo IDs to open bank accounts, which can be managed in branches or online.

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Visa and MFS Africa team on digital payments

Visa is joining forces with MFS Africa to simplify remittances and expand global e-commerce across Africa.

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Identifying the unbanked population could add $250 billion to global GDP

A new report by Oxford Economics and San Francisco-based fintech Juvo projects that providing financial identities to the world's unbanked population could add $250 billion to global GDP.

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US regulators approve alternative data to assess creditworthiness

Federal banking regulators in the US have given their support to the use of the alternative data other than traditional credit scores in determining creditworthiness.

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Buy-now, pay-later firm FinAccel raises $90 million to broaden financial services offering

FinAccel, a Singapore-headquartered financial technology company that enables Indonesian consumers to buy online and pay later under the brand Kredivo, has raised $90 million in a Series C equity funding round.

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Next UK government must legislate to protect access to cash - Which?

With a UK general election looming, consumer group Which? is calling on political parties to bring in legislation to guarantee that all communities have access to cash.

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Pakistan lays out digital payments strategy

The State Bank of Pakistan has set out a new, digital-focused, national payment systems strategy designed to boost financial inclusion, particularity for women.

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Plum raises another $3m and launches on Android

Closing a second round of funding with a $3 million investment, AI powered smart savings app Plum now boasts a total lifetime investment of $9.3 million.

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£1.5m Open Banking challenge finalists named

The UK's Open Up 2020 Challenge has named the 15 fintech firm finalists to each receive £50,000 to help unlock the power of open banking.

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Will trust woes undermine Open Banking under PSD2?

In a roundtable discussion held Wednesday in London hosted by digital payments firm PPRO, industry leaders met to explore the impact PSD2 has imposed on key players in Open Banking and the changes needed to achieve the regulation’s objective in 2020 and beyond.

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Dutch fintech to bring mobile payments to South America's smallest country

Dutch fintech Move4Mobile has developed a mobile payments app for Hakrinbank, bringing online payments to Suriname, the smallest country in South America.

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Koyo raises £3.8m for Open Banking loan platform

UK open banking-powered online lender, Koyo, is set to launch later in the year following a £3.8m ($4.9m) raise in debt and equity funding.