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WHITE PAPER: Highlights from The Inaugural Underbanked Financial Services Forum

Tapping the United States' unbanked and underbanked population has historically been challenging for FIs, and for good reason. In this white paper, CFSI explains why retailers continue to dominate the underbanked space.

August 21, 2006

The United States' unbanked population is estimated to comprise 35 million people - people who spend at least $11 billion annually on financial services at non-traditional financial outlets. Opportunities exist in the market for financial institutions to tap into this market, but obstacles do exist.

This white paper from Chicago-based The Center for Financial Services Innovation includes highlights from The Center's June 2006 Financial Services Forum. The paper provides new insights into the unbanked and underbanked demographic and explores the challenges and opportunities surrounding this unique market segment.

Click here to download this white paper.

Editor's note: This white paper was provided by CFSI. Statements made in the text reflect the views and/or opinions of the white paper's author(s) only.

Interested in learning more about unbanked and underbanked consumers? You might also be interested in reading: Relearning old tricks to reach unbanked consumers and Retailers are reaching the unbanked, FIs are lagging behind.