Investing helps people build wealth, reduce economic inequality, and level the financial playing field. Thanks to innovations in financial technology, individuals who used to face barriers to investing, like high minimum balances and mandatory management fees, can now access lower-cost, more transparent, and responsible investment opportunities. Meanwhile, not enough Americans can access wealth-building opportunities in…
Earned Wage Access (EWA) offers consumers flexibility through earlier access to their earnings, helping them make timely payments, avoid overdraft fees and high-cost credit, and manage their everyday spending. EWA allows an employee to access funds based on earned wages that have not yet been deposited into their account, helping them smooth out cash flow…
Financial technology has gone mainstream, with nearly nine in ten Americans using some form of fintech in the last year. From lending and payments to investing, fintech fills the gaps left by traditional financial services with safe, transparent, and consumer-centric products that lower costs and foster inclusion. The rise of fintech adoption has sparked discussions…
This installment of “Just the Facts” discusses Open Banking. Open banking empowers consumers to safely and securely access and share their financial data across financial services providers to obtain greater financial choice, personalization, and outcomes.
This installment of “Just the Facts” discusses Global Payments Innovation. By leveraging internet and mobile technologies, fintech innovators offer consumers new payment and money transfer options that significantly reduce costs, speed access to funds, improve transparency and convenience, and enhance financial inclusion.
The FTA’s “Just the Facts” series aims to inform financial technology policy discussions in order to safeguard consumers and advance the development of trusted, digital financial markets and services. This installment of “Just the Facts” discusses a new generation of fintech innovators known as “Buy Now Pay Later” (BNPL) companies offer consumers new payment options that can reduce debt and alleviate budget stress.
The FTA’s “Just the Facts” series aims to inform financial technology policy discussions in order to safeguard consumers and advance the development of trusted, digital financial markets and services. The first installment of “Just the Facts” discusses how in the face of an increasingly concentrated banking landscape in the U.S., some fintech firms are seeking charters to offer consumers additional choice, targeted product offerings, and lower costs.
Introducing the Future of Finance.
Technology-driven innovation is transforming the way we offer, access, and benefit from financial services and markets in the United States.
By using internet and mobile platforms, machine learning, automation, and other modern technologies to deliver financial products and services, financial technology (“fintech”) companies are improving efficiency and transparency, broadening equity, access and inclusion, reducing costs, and increasing choice and opportunities for consumers and businesses.