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Membership-based monetary establishments resembling credit score unions play a important function in serving to promote monetary engagement amongst these residing and dealing within the communities they serve. This places them in a really perfect 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 yr. Among the many subjects we mentioned have been:
Key enterprise and tech tendencies to concentrate to
How one can attain and join with underserved communities
The function of decentralized finance in making monetary companies extra accessible
Maxim offered insights into what underserved communities are searching for in monetary companies. He additionally mentioned why monetary inclusion is about greater than breaking down socioeconomic limitations. Try the complete interview under.
Picture by Daniel
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