Financial services

/Tag: Financial services

America’s poor subsidize wealthier consumers in a vicious income inequality cycle

The less money you have, the more you spend to just be able to use money. Being poor is expensive. This problematic paradox is evident with basic financial services. And judging by Bank of America’s recent decision to impose fees of almost $150 a year on what were free checking accounts, the problem is getting worse. Too

Dan Schulman on Shifting From Financial Inclusion to Financial Health

In a time when technology has transformed people’s lives in so many ways, financial services is one area where the potential of the internet era remains largely unrealized. We’ve been hearing for decades about the demise of cash and the dawn of the digital economy. So far, though, the traditional financial order is still standing

FinTech Can Help Increase Financial Literacy

Technology continues to revolutionize the financial services landscape. From mobile payments, app based investing platforms, to online banking solutions, financial technology (FinTech) has revolutionized not only how consumers receive financial services but also how they expect to receive such services. In some cases, innovations including mobile wallets and no fee investment platforms have helped to