Membership-based monetary establishments reminiscent of credit score unions play a crucial function in serving to promote monetary engagement amongst these dwelling and dealing within the communities they serve. This places them in an excellent place to assist promote the reason for monetary inclusion, and the problem of bringing monetary companies – and technological innovation – to underserved communities.
I spoke with Ben Maxim, Chief Digital Technique & Innovation Officer at MSU Federal Credit score Union at FinovateSpring earlier this 12 months. Among the many subjects we mentioned have been:
- Key enterprise and tech developments to concentrate to
- Methods to attain and join with underserved communities
- The function of decentralized finance in making monetary companies extra accessible
Maxim supplied insights into what underserved communities are in search of in monetary companies. He additionally mentioned why monetary inclusion is about greater than breaking down socioeconomic limitations. Take a look at the complete interview beneath.
Photograph by Daniel
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