The American Fintech Council (AFC), the main trade affiliation representing accountable fintech corporations and modern banks, is partnering with the Affiliation of Navy Banks of America (AMBA), to advertise accountable innovation in monetary providers to finest serve navy and veteran households.
By working collectively, the 2 organisations hope to create extra alternatives for members to collaborate and supply modern monetary literacy choices, introduce protected and reasonably priced fintech merchandise, and promote programmes and merchandise that create monetary optionality and pathways out of debt for navy households.
AMBA, a commerce affiliation representing banking establishments specialising in offering banking providers for navy personnel and their households, is a not-for-profit affiliation. The affiliation includes banks working on navy installations of all 5 service branches (Military, Air Drive, Area Drive, Navy, and Marine Corps) and banks not positioned on navy installations however serving navy clients.
“It’s becoming that on the brink of Independence Day, a celebration of our Nation’s liberty and the women and men who’ve and can proceed to defend it, AMBA and AFC announce a partnership that guarantees to reinforce the monetary lives of America’s service members, veterans, and their households,” stated Steven Lepper, president and CEO of AMBA and retired US Air Drive Main Normal. “No matter the place they dwell or are deployed or stationed, our service members and veterans more and more depend on monetary know-how to cope with their distinctive monetary wants and challenges.”
The affiliation’s membership consists of each group banks and enormous multinational monetary establishments, all of that are insured by the Federal Deposit Insurance coverage Company.
Assist by way of schooling
Each organisations can even work collectively to educate their collective membership by way of podcasts, and webinars.
“American heroes who’re serving or have served within the navy deserve each alternative for financial prosperity and wellness and it’s a great honour to accomplice with AMBA to additional improve the monetary establishments which are already reaching our bravest households,” stated Phil Goldfeder, CEO on the American Fintech Council. “As a commerce affiliation constructed on the inspiration of accountable innovation, AFC is uniquely positioned to assist the work of AMBA and assist our mixed membership serve navy households who’ve sacrificed themselves on behalf of American households.”
A standards-based organisation, AFC is the commerce affiliation representing the biggest fintech corporations and modern BaaS banks. It goals to advertise a clear, inclusive, and customer-centric monetary system by supporting accountable innovation in monetary providers and inspiring sound public coverage.
