Banked, underbanked and unbanked.
Simple and self-explanatory categories, right? Not quite. Being banked does not mean you are not underbanked. Being unbanked is not the same as having no access to finance, and choosing to not use a bank can still mean you are banked.
The nuances that clearly highlight the gap in understanding on both sides of the fence - consumers and banks. But what does it all mean?
Change the record
Contrary to popular belief, both banked and unbanked feel underserved, with 56% of banked customers claiming that there are other services they should be able to access.
Read the full report on financial accessibility. Money talks. You should listen. Additional commentary from Deloitte Digital, Visa, ModusBox, nCino, ComplyAdvantage, TrueNorth, PaymentGenes, Codat and Tyme Bank.
Download the reportLet’s increase access
Fintechs are providing customers with a refreshingly simple, bespoke banking experience, and in doing so are performing strongly on growth by providing more financial inclusivity.
As an open API SaaS platform, Mambu is uniquely positioned to support your bespoke banking ambitions. If you can dream it, we can help you build it.