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Membership-based monetary establishments resembling credit score unions play a important position in serving to promote monetary engagement amongst these dwelling and dealing within the communities they serve. This places them in a 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 12 months. Among the many matters we mentioned have been:
Key enterprise and tech traits to concentrate to
Find out how to attain and join with underserved communities
The position of decentralized finance in making monetary companies extra accessible
Maxim supplied insights into what underserved communities are on the lookout for in monetary companies. He additionally mentioned why monetary inclusion is about greater than breaking down socioeconomic limitations. Take a look at the total interview beneath.
Photograph by Daniel
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