The document discusses challenges and opportunities for age-friendly banking. It notes that African Americans and Hispanics over 45 are disproportionately represented among the unbanked population. Many older unbanked and underbanked individuals have incomes under $25,000 and do not have bank accounts because they feel they do not have enough money. The document provides information on senior checking account options at various local banks, including fees, minimum balances, and available services.
NCRC and expert consultants, Elizabeth Green and Peter Vidi discuss the role of valuation in the servicing, REO and foreclosure process, and the limitations associated with automated valuation models.
Presentation prepared and delivered by Kim Walker, CEO of Silver Group at the 12th World Knowledge Forum in Seoul, Korea on October 13th, 2011.
Opening address for the panel 'March to an Ageing Society'. This presentation intro
This is an excerpt of findings from an AF Audit of Apple conducted in UK and Singapore.
For more information about this please visit; www.age-friendly.com
David Regan - High impact health interventionsAge UK
David Regan, Director of Public Health, Manchester City Council - presentation from Age UK's For Later Life conference, 25th April.
For more information: www.ageuk.org.uk/forlaterlife
Environmental scan strategies & resources for RECL 4P05Elizabeth Yates
Info on conducting an environmental scan for age-friendly community resources, critically evaluating information and finding demographic information about Niagara.
A world where a significant number – sometimes the majority – of people are ‘old’ and exhibiting the results of ageing is something nobody has experienced. This is our future.
Products, services, buildings, cities, digital applications are designed for the young by the young. This worked well when the designers and users were the same age. Not any more.
Being AF demands we see start seeing the world for what it is (ageing) rather than through the youth-centric eyes of our designers, marketers and policy makers.
This case study is based on a visit to Daiei supermarket in a suburb of Tokyo and shows some innovations that respond to the needs of their ageing customers.
The following is an excerpt of findings from a comparative AF Audit of Yakult in Australia, UK and Singapore.
Yakult is a Japanese probiotic milk-like product.
The benefits of this product are age-neutral so we yet some markets exclude the ageing consumer by focussing on kids.
For more information about this please visit; www.age-friendly.com
Older people are at the heart of the strategy, and their responses and contributions will be vital to developing the plan further
A linked-awareness that everyone has an interest in these developments, because we will be older in time, and hope to live in a community and a society that respects ,includes and cares for us
It presents the vision of the new partnership, its aims and approaches, and an outline of practical and cost effective ways to achieve them through technology social and environment changes.
DFI is determined to set standards and lead the way for other cities in India.
NCRC and expert consultants, Elizabeth Green and Peter Vidi discuss the role of valuation in the servicing, REO and foreclosure process, and the limitations associated with automated valuation models.
Presentation prepared and delivered by Kim Walker, CEO of Silver Group at the 12th World Knowledge Forum in Seoul, Korea on October 13th, 2011.
Opening address for the panel 'March to an Ageing Society'. This presentation intro
This is an excerpt of findings from an AF Audit of Apple conducted in UK and Singapore.
For more information about this please visit; www.age-friendly.com
David Regan - High impact health interventionsAge UK
David Regan, Director of Public Health, Manchester City Council - presentation from Age UK's For Later Life conference, 25th April.
For more information: www.ageuk.org.uk/forlaterlife
Environmental scan strategies & resources for RECL 4P05Elizabeth Yates
Info on conducting an environmental scan for age-friendly community resources, critically evaluating information and finding demographic information about Niagara.
A world where a significant number – sometimes the majority – of people are ‘old’ and exhibiting the results of ageing is something nobody has experienced. This is our future.
Products, services, buildings, cities, digital applications are designed for the young by the young. This worked well when the designers and users were the same age. Not any more.
Being AF demands we see start seeing the world for what it is (ageing) rather than through the youth-centric eyes of our designers, marketers and policy makers.
This case study is based on a visit to Daiei supermarket in a suburb of Tokyo and shows some innovations that respond to the needs of their ageing customers.
The following is an excerpt of findings from a comparative AF Audit of Yakult in Australia, UK and Singapore.
Yakult is a Japanese probiotic milk-like product.
The benefits of this product are age-neutral so we yet some markets exclude the ageing consumer by focussing on kids.
For more information about this please visit; www.age-friendly.com
Older people are at the heart of the strategy, and their responses and contributions will be vital to developing the plan further
A linked-awareness that everyone has an interest in these developments, because we will be older in time, and hope to live in a community and a society that respects ,includes and cares for us
It presents the vision of the new partnership, its aims and approaches, and an outline of practical and cost effective ways to achieve them through technology social and environment changes.
DFI is determined to set standards and lead the way for other cities in India.
An intro to Kiva Zip -- or How to Become an Impact Investor in 3 Minutes!Jonny Price
Kiva Zip is a crowdfunding platform that allows you to LEND money to small business owners for as little as $5. We are on a mission to reinsert human relationships and personal connections into our financial system.
HBS Field Y: Fundraising 101 - Feb 2019David Chang
For this semester's HBS Field Y class, we’ll cover the basics of raising money from angel investors and VCs, walk through a 5-step “how-to” series of tactics, talk about the unique perspective of student entrepreneurs, and finish with pitch tips.
As a bank committed to building prosperity in our communities, we respect the Standing Rock Sioux Tribe as they defend the environment upon which we all depend.
We have heard the growing call for those pursuing justice to move their money out of banks that are funding fossil fuel development and oil pipelines. We too believe that individuals and communities have the power to create the world they want to see through their banking choices.
In a May 9, 2024 paper, Juri Opitz from the University of Zurich, along with Shira Wein and Nathan Schneider form Georgetown University, discussed the importance of linguistic expertise in natural language processing (NLP) in an era dominated by large language models (LLMs).
The authors explained that while machine translation (MT) previously relied heavily on linguists, the landscape has shifted. “Linguistics is no longer front and center in the way we build NLP systems,” they said. With the emergence of LLMs, which can generate fluent text without the need for specialized modules to handle grammar or semantic coherence, the need for linguistic expertise in NLP is being questioned.
01062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
Welcome to the new Mizzima Weekly !
Mizzima Media Group is pleased to announce the relaunch of Mizzima Weekly. Mizzima is dedicated to helping our readers and viewers keep up to date on the latest developments in Myanmar and related to Myanmar by offering analysis and insight into the subjects that matter. Our websites and our social media channels provide readers and viewers with up-to-the-minute and up-to-date news, which we don’t necessarily need to replicate in our Mizzima Weekly magazine. But where we see a gap is in providing more analysis, insight and in-depth coverage of Myanmar, that is of particular interest to a range of readers.
‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
हम आग्रह करते हैं कि जो भी सत्ता में आए, वह संविधान का पालन करे, उसकी रक्षा करे और उसे बनाए रखे।" प्रस्ताव में कुल तीन प्रमुख हस्तक्षेप और उनके तंत्र भी प्रस्तुत किए गए। पहला हस्तक्षेप स्वतंत्र मीडिया को प्रोत्साहित करके, वास्तविकता पर आधारित काउंटर नैरेटिव का निर्माण करके और सत्तारूढ़ सरकार द्वारा नियोजित मनोवैज्ञानिक हेरफेर की रणनीति का मुकाबला करके लोगों द्वारा निर्धारित कथा को बनाए रखना और उस पर कार्यकरना था।
03062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
31052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
Future Of Fintech In India | Evolution Of Fintech In IndiaTheUnitedIndian
Navigating the Future of Fintech in India: Insights into how AI, blockchain, and digital payments are driving unprecedented growth in India's fintech industry, redefining financial services and accessibility.
27052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
ys jagan mohan reddy political career, Biography.pdfVoterMood
Yeduguri Sandinti Jagan Mohan Reddy, often referred to as Y.S. Jagan Mohan Reddy, is an Indian politician who currently serves as the Chief Minister of the state of Andhra Pradesh. He was born on December 21, 1972, in Pulivendula, Andhra Pradesh, to Yeduguri Sandinti Rajasekhara Reddy (popularly known as YSR), a former Chief Minister of Andhra Pradesh, and Y.S. Vijayamma.
role of women and girls in various terror groupssadiakorobi2
Women have three distinct types of involvement: direct involvement in terrorist acts; enabling of others to commit such acts; and facilitating the disengagement of others from violent or extremist groups.
2. Founded 1999
Originally –to increase public housing residents economic self-
sufficiency
Empower low income residents
Mission:
to build and sustain financial assets
R esponsibility; I nitiative; S olutions;
E mpowerment
RISE NCRC Age Friendly Banking Workshop
3. SAVE UP
Individual Development Accounts (IDA) –matched
savings for asset purchase– targeted toward EITC
eligible workers
GOAL CARD
Academic Reward Program for Students in Foote
Homes & College Park Communities
Youth Financial Education
RISE NCRC Age Friendly Banking Workshop
4. COMMON CENTS
Workplace-based Financial Education
STEP PREP
Coaching To Graduate for Overage Teens
Memphis Responsible Lending
Collaborative
120 + nonprofits; public agencies ; banks; etc.
Research & Information Sharing
Financial Education
Public Policy Advocacy
Bank On Memphis
RISE NCRC Age Friendly Banking Workshop
5.
6. A public-private partnership between Memphis &
Shelby County government, financial institutions, and
nonprofits, to encourage the unbanked to establish an
account at a mainstream financial institution
Bank On Memphis involves three major elements:
◦ Offer a safe and affordable checking and savings account s
that serves the needs of the unbanked
◦ Launch an outreach and financial literacy campaign through
community based organizations to promote banking and sound
financial management
◦ Engage institutions that touch the unbanked and underbanked,
such as employers, churches, public agencies, universities, & youth
service providers to promote Bank On Memphis
RISE NCRC Age Friendly Banking Workshop
8. • Unbanked Households in Memphis Metro
96,000 Households
New York 95,000 Unbanked HHs
Underbanked HHs 97,000 (those who may have had an
account in the past but no longer do and /or use
alternative service providers like check cashers and title
lenders)
17.3% HIGHEST percentage of UNBANKED of any
metropolitan area in the country
In Shelby County an estimated 70, 500 HHs are
unbanked; City of Memphis at least 47,000 are
unbanked
RISE NCRC Age Friendly Banking Workshop
9. Average Memphis wage earner with $22,000 of take home
pay spends in excess of $1,000 annually cashing checks
and buying money orders.
◦ Doesn’t count cost of driving to pay bills or time lost from
work
◦ Must Use High Cost Alternative Financial Services like
check cashers or prepaid cards
Large numbers of folks with large amounts of cash ---
◦ Theft , Public Safety
Paper checks cost employers about $1.80 percheck
RISE NCRC Age Friendly Banking Workshop
10. Believe they don’t have enough money
Uncomfortable; Lack of Trust
Cost of overdrafts
Uncertainty of fees and expenses for account
Bad Prior Experience; disputes related to
recordkeeping
Difficulty in getting problems solved
Those who are paid in cash are largely
unbanked
RISE NCRC Age Friendly Banking Workshop
11. 18-34 Age Group
Working
Income $15,000-- $ 40,000
Education < HS; HS Grad; Some College
Renters
Cell Phone Users
Latinos
RISE NCRC Age Friendly Banking Workshop
12. NONPROFIT FRONT DOOR
Know Customer, Desire Help Client
Customer Service TRAINING
Training of Nonprofit Community Partners
Training of Financial Institution Staff
WHAT YOU SEE IS WHAT YOU
GET
Transparent Products and Services
Follow-Up
RISE NCRC Age Friendly Banking Workshop
13. Community Partners
Identification; Customer Intake Information; Basic Account
Management Instruction; Follow-up
Financial Educators
Available and accessible 4-6 hour basic financial education
courses/ Database
RISE Common Cents & Remedial for Bank On Customers.
Financial Institution Incentives
Public Sector
Champion--- Public Face of Campaign
Participating F inancial Institutions
Bank On Memphis Marketing Support
Logo Identification & Co-Branding
Marketing Support Funds $$$
Low Cost, No-Cost Checking and Saving Accounts
Account Tracking and Reporting
RISE NCRC Age Friendly Banking Workshop
14. Website www.bankonmemphis.org
Catalogue of Financial Partners & Branch
Locations
Comparison of products and services
Nonprofit Community Partners
Schedule of Financial Education Classes
Event Presence—be where the unbanked are
Car Shows ; Sports Events; Music Events
Church Fairs; Community Events
Financial Institution Ambassadors
Social Networking
Free Press / Earned Media
RISE NCRC Age Friendly Banking Workshop
15. Unbanked Uncomfortable / Intimidated
Prepaid Cards/ Payroll Cards /Wal-Mart Bank
Immigration Status Concerns
Cell Phone Payment Systems
Financial Institution Reticence- don’t want problematic customers
Creation of “Buzz”
Environment of Increasing Transaction Fees
RISE NCRC Age Friendly Banking Workshop
16. Banks don’t play well with others
Different financial institutions are very
different from one another.
◦ Highly competitive/ different products/ different
capacities
◦ Big vs. small & bank vs. credit union
Do just enough to comply
Hard to make business case
Fund from public relations or CRA pots not
marketing or business development
RISE Foundation NCRC Age-Friendly Banking Workshop
17. Need strong community champion---
mayor, for example
Willing and capable nonprofits
◦ Overtaxed and under resourced
◦ Make easy to participate
Marketing Funds
Someone to make it happen everyday
RISE Foundation NCRC Age Friendly Banking Workshop
18. African Americans and Hispanics are
disproportionately represented among older
unbanked population
(AARP Public Policy Institute, “A Portrait of Older
Unbanked and Underbanked Customers”, 2010)
AGE 45-64 AGE 65+
UNBANKED 4.1 Million HHs 1.3 Million HHs
African-American 29% 22%
Hispanic 13% 18%
UNDERBANKED 8.8 Million HHs 2.3 Million HHs
RISE Foundation NCRC Age Friendly Banking Workshop
19. Half had incomes of < $25,000
76% of those 65+ had a checking account…
but 24% did not.
Lower income …Less likely to have a checking
account.
◦ 47 % of underbanked African Americans 65+ had a
checking account (53%) did not.
◦ Primary reason given for not having an account “not
enough money to be useful”
RISE Foundation NCRC Age Friendly Banking Workshop
20. Memphis Senior Checking Accounts
*
Bank Age Fee Interest Min Dep Min Bal Loan Rate CD Rate Checks Traveler’s Cashier’s SD Box Stop Pay
Regions Bank 50 $8 No $50 $1,500
Bancorp South 60 $8 Yes No $500
Renasant Bank 62 No Yes No No
Magna Bank 55 $10 Yes $100 $5,000A
Cadence Bank 50 $8 Yes No $250B
Paragon Nat Bank 50 $12 Tiered No $100
Bank Tennessee 50 No Yes No No
First Alliance Bank 50 No Yes No No
Bank of Bartlett 50 $10 Yes $100 $2,500C
Commercial B & T 50 No No Yes No
Trust One Bank 55 $10 Tiered $100 $1,000
RISE NCRC Age Friendly Banking Workshop