Hamza Shaban, at BuzzFeed:
“We believe that if you look at the amount of investment happening in the fintech startup space, which is off the charts right now, there are a lot really smart people working on these challenges and technology is going to be the solution.” Peters hopes the group will capitalize on young people’s dissatisfaction toward traditional brick-and-mortar bank branches and the trust they have for customer-friendly technology companies. Financial Innovation Now also aims to push novel mobile and cloud-based services, with an eye for the tens of millions of “unbanked” Americans who lack access to savings accounts and credit cards. “The companies believe that technology is going to help solve the financial inclusion challenge, which a lot of policymakers are focused on,” Peters said.
Now if they could just force my credit union to get up to date.