Fintech And Financial Inclusion: How low-overhead direct banking models enable banks to profitably serve the US’ 33 million underbanked households

Executive Summary

Despite the US being one of the most developed financial ecosystems globally, a quarter of households in the country make little or no use of mainstream banking products—giving FIs an opportunity to scoop up new users.

Three Key Questions This Report Will Answer:

  • Why should incumbent FIs view financial inclusion as a strategic growth opportunity and not merely as corporate responsibility?
  • What is the size of the market opportunity of financial inclusion in developing markets?
  • What strategies can incumbents leverage to scoop up a piece of this pie?

WHATS IN THIS REPORT? In this report, Business Insider Intelligence explores the business opportunity for legacy players strategizing to enter this space, highlighting how innovative players are leveraging emerging technology to tap into this huge addressable market. Note that we refer to unbanked and underbanked groups collectively as 'underserved,' and to the extension of banking services universally as 'financial inclusion.'

Here’s what’s in the full report


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Mekebeb Tesfaye