The Challenges Serving the Unbanked

The reality is that 33.5 million people in the US are still unbanked and underbanked; traditional banks have historically avoided this population but as digital banking has taken off it has opened up a new business opportunity; some companies that have released products have been successful in serving these customers but they still don’t offer interest on accounts and charge for other services; ultimately some of these solutions don’t solve the problems for the underbanked; Finn AI shares their perspective on this market, some of the companies making progress in this area, and how AI is helping. Source

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