There is a slew of niche neobanks that are designed to serve communities that are traditionally underserved and marginalized. By serving these markets, the founders believe that they can grab and create customer bases worth millions of dollars, as well as equalize the playing field and helping advance the mission of helping people build wealth. To understand what issues that these new banks are addressing, we spoke to Hassan Miah who has launched Paybby – a digital only bank designed to serve black and brown communities.
__Guest:__
Hassan Miah, CEO, Paybby
__Hosts:__
Sanjib Kalita, Editor-in-Chief, Money20/20
Kisha Allison, Head of Content, Money20/20 USA
__Producers:__
Roland Bodenham, Senior Video Editor and Podcast Lead, Ascential
Rachel Morrissey, Producer, Money20/20
https://www.money2020.com/content/moneypot/banking-on-trust-for-underserved-communities