How Tech Can Foster Financial Capability For The Underbanked

Good read…..!

TechCrunch

Editor’s note: Mattias Kraemer is Deputy Director of Asset Building at Mission Economic Development Agency (MEDA).

In 2014, the financial services industry is looking to technology as a vital link between financial capability and under-resourced communities. Investments in these technologies are imperative to alleviate economic disparity and create better, safer options for the underbanked. Bridging the fiscal divide is a challenge we all share.

The truth is that the fundamentals of family economic success are simply not taught as core components of our public or private education systems at any level.

Until the recent creation of the Consumer Financial Protection Bureau in 2011, there was no single mandated federal government agency responsible for protecting, much less nurturing, family and consumer livelihoods.

Innovation means asking the question of how we use technology and available resources to bring to scale and make accessible the impact of financial health and coaching into our everyday lives.

View original post 472 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s