article thumbnail

Tech innovation in payments: Bridging gaps and building an inclusive financial ecosystem

The Payments Association

These individuals, primarily in emerging economies, face significant challenges in accessing essential financial services due to geographical barriers, lack of formal identification, limited credit history, and insufficient financial literacy.

article thumbnail

From Pocket Money to Portfolio: Gen Alpha is Rewriting the Rules of Financial Literacy – Mastercard Report

Fintech Finance

A new Mastercard report shines a light on Gen Alpha financial habits, revealing that today’s youngest generation is not just saving their pocket money—but already shaping the future of financial literacy. these trends grow, fintech companies are tailoring tools to support Gen Alpha financial habits.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Offline settlements with a digital pound: Lessons from the BoE’s report

The Payments Association

The findings show that it’s technically possible, but with significant challenges surrounding fraud detection, data sharing, and usability. From smart wallets that optimise offline balances to fraud detection algorithms and user-friendly interfaces, there is scope to lead the market in enabling trusted offline transactions.

article thumbnail

Q&A with Jack Henry’s Nicole Harper on financial literacy

Bank Automation

Technology provider Jack Henry leans into its financial health training and offerings during April — Financial Literacy Month.

article thumbnail

NOW Money Partners with Mastercard to Empower Customers with Enhanced Financial Access

Fintech Finance

Enhanced Security: Leveraging Mastercard’s advanced security features, such as EMV chip technology and sophisticated fraud detection systems, NOW Money customers can conduct transactions with confidence and security. Additionally, Mastercard’s educational resources will be leveraged to improve financial literacy among NOW Money users.

Visa 98
article thumbnail

Finastra Leaders Predict Top Fintech Trends For 2024

Fintech News

AI is being employed to assess financial health, create personalised loan offers, and improve customer education and financial literacy programmes. Banks are also looking into generative AI for creating more robust fraud detection models.

FinTech 113
article thumbnail

Finastra Leaders Predict 2024 Fintech Trends Amidst Global Challenges

Fintech News

AI is being employed to assess financial health, create personalised loan offers, and improve customer education and financial literacy programmes. Banks are also looking into generative AI for creating more robust fraud detection models.

FinTech 98