NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Friday, October 3, 2014

Citi is working with non-profit organisation Catalyst Miami on a tech-based financial inclusion programme that it believes could be replicated across the country.

The Ways 2 Wealth initiative will enable Catalyst Miami clients in Florida to apply for a savings account online through a purpose-built web portal.

Bob Annibale, global director, Citi Community Development and Citi Microfinance, says: “It seems simple, but by enabling low-income individuals to make fewer stops on their way to financial inclusion while working directly with their trusted nonprofit, we think it will have a meaningful impact.