American Fintech Council (AFC) Partners With The Association of Military Banks of America (AMBA) To Expand Financial Wellness for Military and Veteran Communities
The American Fintech Council (AFC), the main business affiliation representing accountable fintech firms and progressive banks has introduced a brand new strategic partnership with the Association of Military Banks of America (AMBA), the one commerce affiliation representing banking establishments specializing in offering banking providers for navy personnel and their households around the globe.
Each organizations will work collectively to assist their members and promote accountable innovation in monetary providers to greatest serve navy and veteran households.
“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 boost the monetary lives of America’s service members, veterans, and their households,” stated Steven Lepper, President and CEO of Affiliation of Navy Banks of America and retired United States Air Pressure Main Basic. “No matter the place they stay 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 strategic partnership we announce right this moment will improve our collective means to assist our members higher serve these deserving and often-underserved communities.”
AMBA is a not-for-profit affiliation, based in 1959, comprised of banks working on navy installations of all 5 service branches (Military, Air Pressure, Area Pressure, Navy, and Marine Corps) and banks not positioned on navy installations however serving navy prospects. The affiliation’s membership contains each neighborhood banks and enormous multinational monetary establishments, all of that are insured by the Federal Deposit Insurance coverage Company.
“American heroes who’re serving or have served within the navy deserve each alternative for financial prosperity and wellness and it’s a great honor to associate with AMBA to additional improve the monetary establishments which can be already reaching our bravest households,” stated Phil Goldfeder, Chief Govt Officer on the American Fintech Council. “As a commerce affiliation constructed on the muse 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.”
Working collectively will create numerous alternatives for members of each organizations to collaborate and supply progressive monetary literacy choices, introduce the newest protected and reasonably priced fintech merchandise, and work to advertise applications and merchandise that create monetary optionality and pathways out of debt for navy households.
As well as, each organizations will work collectively to coach their collective membership by means of podcasts, webinars, and by supporting one another’s occasions together with the AMBA Fall Workshop in August and the AFC Coverage Summit in November.
A standards-based group, AFC is the premier commerce affiliation representing the biggest monetary know-how (Fintech) firms and progressive BaaS banks. Our mission is to advertise a clear, inclusive, and customer-centric monetary system by supporting accountable innovation in monetary providers and inspiring sound public coverage. AFC members foster competitors in shopper finance and pioneer merchandise to higher serve underserved shopper segments and geographies.
