From UK Fundraising
The fintech sector has launched a foundation aimed at helping to tackle financial exclusion in the UK.
The community interest company The Inclusion Foundation provides three core services:
- SignpostNowTM: a comparison website for underserved customers to compare financial products that suit their individual needs
- The Inclusion SignpostTM: an accreditation recognising financial services products that serve the needs of previously underserved segments
- An education and learning programme for payment account providers and the government: The Inclusion Academy
The Foundation’s research shows that 1.23m of the UK’s most vulnerable do not have access to a bank account and find it very challenging to pay and get paid. The problem is being further exacerbated by the social isolation measures put in place to curb the spread of Covid-19.
It wants to join the dots between the fintech industry and the mainstream financial services sector, government bodies and charities to bring awareness of the accredited solutions available and enable more people into the banking system and out of the poverty trap.
For more information go to the Inclusion Foundation (opens in a new tab)