Profit drives most banks, but a few are mission-oriented. While MDIs have long contributed to improving financially underserved communities, rapid industry changes threaten their existence. These institutions must overcome barriers to digitalization with help from the government and other partners to thrive in today’s financial sphere.
New GAO report notes blockchain can make transactions faster, cheaper, but also flags risks. Yet, credit unions, CDFIs, MDIs can safely offer digital assets to consumers.
Lendistry and First Independence Bank Partner to Fill Gaps in Access to Capital finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.