Next Generation Banking: How to Better Serve the Unbanked and Underbanked
In 2019, about 37% US households said they didn’t have enough cash, savings or room on their credit card to cover a $400 unexpected expense. For the unbanked and underbanked, the situation is even more challenging.
Banks can be – and should be – leading the way, helping unbanked and underbanked consumers achieve financial wellness. Challenger banks and non-banks are certainly leaning into this segment, meeting them in the digital channels they prefer and delivering innovative money management options.
Learn the four key components that banks should consider when building a financial wellness plan to help unbanked and underbanked consumers achieve greater financial health.