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Expert Analysis

Tech Cos. Hold Key To Financial Services For The 'Unbanked'

Law360, New York (March 2, 2016, 11:13 AM EST) -- One of the exciting opportunities technology presents is to finally provide financial services to underserved low income consumers. While foreclosed from traditional banking for too long, this group does have access to mobile devices, which may, in part, be driven by the number of low-cost smartphones powered by Android that are available without long-term contracts. The development of financial products and services through mobile devices presents a novel opportunity to address this persistent gap in the marketplace of access to financial services by the underserved....

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