In fact, world over mobile banking already is playing a role in reducing fraud in a variety of ways – ranging from simple transaction and security alerts to mobile authentication for bank transfers. As I conclude, let me flag final set of broad issues: •  Can CIOs of banks come together and identify three major challenges which require immediate remediation?
As in the case of many community development organizations, the Brownsville CDC has also made financial education a critical element of its efforts to help lower-income residents improve their financial status. For example, participation in financial counseling or in an education program is typically required for a borrower to obtain a loan through the CDC or through one of its lending partners.