4/11/2023 0 Comments Possible finance![]() Though many gains were made through this initiative, it is an indicator of the scale of the challenge that still more work remains to be done.įinancial access facilitates day-to-day living, and helps families and businesses plan for everything from long-term goals to unexpected emergencies. Most notably, it was the focus of the World Bank Group’s Universal Financial Access 2020 initiative, which concluded at the end of 2020. A transaction account serves as a gateway to other financial services, which is why ensuring that people worldwide can have access to a transaction account continues to be an area of focus for the World Bank Group (WBG). The World Bank Group considers financial inclusion a key enabler to reduce extreme poverty and boost shared prosperity.īeing able to have access to a transaction account is a first step toward broader financial inclusion since a transaction account allows people to store money, and send and receive payments.The G20 committed to advance financial inclusion worldwide and reaffirmed its commitment to implement the G20 High-Level Principles for Digital Financial Inclusion.Financial inclusion has been identified as an enabler for 7 of the 17 Sustainable Development Goals.At Possible, we’re fighting for financial fairness on behalf of everyday people.Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way. No one is giving hardworking Americans a fair deal. Wealth is concentrated in the hands of a few, and access to financial opportunity is unequally distributed. Where banks have abandoned lower-income communities altogether, payday lenders are trapping people in vicious debt cycles. Big banks gouge $25B in punitive fees from people who need that money most. We created Possible Finance because hardworking Americans are being taken advantage of by the existing financial system. Together, let's make financial services fair for all.Īfter working for a decade pioneering technology behind police body cameras, our founders were no strangers to fighting for fairness and equality for lower-income & minority communities. We’ll always put you first and earn your trust. We promise to be transparent, serve you with kindness, be responsible, and hold ourselves accountable to creating positive change. We’re committed to empowering you with the tools to better your economic situation. ![]() We meet our customer’s immediate financial needs today while guiding them towards a better tomorrow as we improve their financial well-being.Īt Possible, we believe financial health is something all Americans deserve, not just the affluent. ![]() Possible Finance has built a unique credit assessment model that leverages new data sources to effectively stratify risk for credit-challenged individuals. Applying takes under a minute and anyone can apply since there is no credit check.Īll of this is made possible through our technology and unique data algorithms. Through our mobile app, Possible Finance provides a friendlier alternative to payday loans that’s less expensive, easier to repay, and builds credit. ![]() Possible Finance is a technology company that provides people with the financial tools to overcome day-to-day challenges, protect themselves in an emergency, and build towards a better future. ![]()
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