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Banking for the Bankless - Los Angeles Business Journal

It took Ken Lian, the founder of the Pasadena-based fintech company Cheese Inc., almost four years to receive a bank’s approval for a credit card. After immigrating to the United States from China in 2008 to attend college, the young entrepreneur was deemed credit invisible. The company he founded out of Idealab Inc. two years ago aims to break down the barriers that immigrants face when attempting to access and build credit.  ....

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New generation of digital banks bets on minority markets


New generation of digital banks bets on minority markets
Reuters
1 hr ago
© Reuters/Cheese Financial
The Cheese Financial co-founders pose for a picture
By Anna Irrera and Maria Caspani
NEW YORK (Reuters) - After a doctor s visit, three court appearances, five trips to the bank and having her name and address published in a newspaper, Billie Simmons finally got a debit card with her chosen name.
As a transgender woman, that meant she didn t run the risk of outing herself every time she used her card for routine expenses like buying groceries.
The legal process to change her name and her gender on identity documents took several weeks. Yet four years on, Simmons still receives her monthly credit report in an email addressed to her dead name. ....

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New generation of digital banks bets on minority markets - Netscape Money & Business


New generation of digital banks bets on minority markets
By Anna Irrera and Maria Caspani
Reuters
NEW YORK (Reuters) - After a doctor s visit, three court appearances, five trips to the bank and having her name and address published in a newspaper, Billie Simmons finally got a debit card with her chosen name.
As a transgender woman, that meant she didn t run the risk of outing herself every time she used her card for routine expenses like buying groceries.
The legal process to change her name and her gender on identity documents took several weeks. Yet four years on, Simmons still receives her monthly credit report in an email addressed to her dead name. ....

United States , New York , United Kingdom , Kansas City , City Of , Prentiss Earl , Anna Irrera , Billie Simmons , Sarah Kocianski , George Floyd , Donald Hawkins , Maria Caspani , Amy Nauiokas , Ian Kar , Magnus Larsson , Association For Enterprise Opportunity , Anthemis Group , America Corp , Federal Reserve , Truist Financial Corp , Jpmorgan Chase Co , Barclays Plc , First Boulevard , Black Americans , Cheese Financial , City Based First Boulevard ,