This chapter explores the design of business models that serve underbanked communities by offering tailored banking products and essential financial education. It discusses the impact of community outreach in increasing account openings and addressing the wealth gap, alongside personal stories highlighting the transformative effects of financial literacy. The conversation emphasizes the role of educational initiatives, including involvement from parents and community managers, to foster long-term financial health and stability.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Nichol King, Executive Director of Community Banking at Chase, discusses the bank's efforts to close the racial wealth gap. Devika Brij, CEO of Brij the Gap Consulting, talks about her book Thrive in Color: How to Master Self-Advocacy and Command Your Career As An Underrepresented Professional.
Hosts: Carol Massar and Tim Stenovec.
Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.