Mobile banking was first introduced in developing countries as a way to provide banking services to communities that lacked formal financial institutions. In recent years, mobile banking has taken a prominent role in the technology world and as a tool for improving financial access. While over 30 million Americans are unbanked (meaning they lack a traditional checking or savings account and rely on costly alternative financial services), over 83% of American adults have a mobile phone. Thus mobile banking may provide opportunities for increasing financial access among the millions of unbanked individuals. This webinar will provide an overview of the history of mobile banking, as well as current developments in the products and services available. Panelists will also discuss the ability and effectiveness of using mobile banking to reach the unbanked and the regulations and consumer protections that need to be implemented in order to ensure this new technology safe and successful.
Title:
Mobile Banking: Can the Unbanked Bank on It?
When/Where:
Thursday, August 16, 2012
1:30 PM - 3:00 PM CDT
Webinar
Credit:
Sponsors do not appear to have applied for CLE Credit.
Check with your credit-granting organization for the procedure to apply for credit. The content and panelists appear to satisfy CLE requirements in some jurisdictions.
Panelists:
- Rob Levy of the Center for Financial Services Innovation
- Michelle Jun of Consumers Union
- Marianne Crowe of the Federal Reserve Bank of Boston.
By:
Sargent Shriver National Center on Poverty Law
More:
https://www2.gotomeeting.com/register/716377250
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