American Fintech Council Looks to Enhance Financial Support for Military and Veteran Families
The American Fintech Council (AFC), the main trade affiliation representing accountable fintech corporations and progressive banks, is partnering with the Affiliation of Navy Banks of America (AMBA), to advertise accountable innovation in monetary providers to finest serve army and veteran households.
By working collectively, the 2 organisations hope to create extra alternatives for members to collaborate and supply progressive 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 army households.
AMBA, a commerce affiliation representing banking establishments specialising in offering banking providers for army personnel and their households, is a not-for-profit affiliation. The affiliation contains banks working on army installations of all 5 service branches (Military, Air Pressure, Area Pressure, Navy, and Marine Corps) and banks not situated on army installations however serving army 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 boost the monetary lives of America’s service members, veterans, and their households,” mentioned Steven Lepper, president and CEO of AMBA and retired US 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 take care of their distinctive monetary wants and challenges.”
The affiliation’s membership contains each group banks and enormous multinational monetary establishments, all of that are insured by the Federal Deposit Insurance coverage Company.
Assist by training
Each organisations may also work collectively to educate their collective membership by podcasts, and webinars.
“American heroes who’re serving or have served within the army deserve each alternative for financial prosperity and wellness and it’s a large honour to associate with AMBA to additional improve the monetary establishments which might be already reaching our bravest households,” mentioned Phil Goldfeder, CEO on the American Fintech Council. “As a commerce affiliation constructed on the muse of accountable innovation, AFC is uniquely positioned to help the work of AMBA and assist our mixed membership serve army households who’ve sacrificed themselves on behalf of American households.”
A standards-based organisation, AFC is the commerce affiliation representing the most important fintech corporations and progressive 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.
