Can FinTech Close the Gap Between ‘Unbanked’ Populations and Financial Services?

By Jay Lindsay of the Federal Reserve Bank of Boston

The Federal Reserve’s finding that nearly half of U.S. adults can’t cover a $400 emergency expense without borrowing money is a sobering statistic, and it speaks to the economic insecurity that’s an everyday reality for many. But there may be answers in financial technology.

Established and emerging FinTech solutions offer real potential to give unbanked people new access to financial services and impact their financial lives.

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About Radnor Reports

Ken Feltman is past-president of the International Association of Political Consultants and the American League of Lobbyists. He is retired chairman of Radnor Inc., an international political consulting and government relations firm in Washington, D.C. Know as a coalition builder, he has participated in election campaigns and legislative efforts in the United States and several other countries.
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