Fintech Insider Podcast by 11:FS
791. Focus: What does effective financial inclusion look like in the USA? (Rewind)
Oct 11, 2023
David M. Brear and guests discuss financial inclusion in the USA, focusing on challenges, lived experience, and underserved communities. Topics include building ecosystems for the unbanked, impact of the pandemic, banking deserts, government intervention, driving financial inclusion, and challenges faced by minority-led fintech companies in funding.
46:20
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Quick takeaways
- The importance of lived experience in designing financial products for underserved communities and the impact of historical barriers faced by low-income individuals and people of color.
- The potential of digital financial services to promote financial inclusion and the role of startups and fintech companies in addressing challenges faced by traditional banks and bringing innovative solutions.
Deep dives
Financial Inclusion and Exclusion in the US
Financial inclusion and exclusion in the US is a topic of discussion in this podcast episode. The conversation explores the challenges faced by underserved communities and the importance of creating products and services that cater to their needs. The episode highlights the significance of lived experience when designing financial solutions and sheds light on the impact of historical barriers faced by low-income individuals and people of color. The podcast also touches upon the concept of banking deserts and the lack of access to traditional banking services in certain areas. The discussion emphasizes the need for effective financial inclusion strategies and the role of digital financial services in bridging the gap.
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